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Home > Find a Property > 2-Bedroom Investment Flat in Historic Washington, UK
Lot Sold by Auction subject to contract

2-Bedroom Investment Flat in Historic Washington, UK

Guide price £ 20,000

Type of Sale

Auction

Key Features

  • 1 Bathroom
  • 2 Bedrooms
  • Currently Vacant
  • Leasehold - 89 years remaining
Property for sale by Auction 159 Collingwood Court Washington features a large, multi-story brick apartment building with balconies set against a blue sky with scattered clouds. Below, several garage units with white doors are visible. To the left, a row of parked cars sits on a paved area, while nearby grass and trees add greenery. Presented by World of Auctions
Property for sale by Auction A landscaped courtyard with neatly trimmed hedges, pathways, and cone-shaped topiary adorns the grounds of 159 Collingwood Court Washington. The area is surrounded by a multi-story brick apartment building, while outdoor benches and steel arch structures are spread throughout the greenery under a partly cloudy sky. Presented by World of Auctions
A living room in Collingwood Court with beige walls and carpet. A dark brown leather sofa is positioned near a white wall, and there is a wooden fireplace with a dark screen. A black and white photo hangs on the wall above. Brown curtains cover a window, and a round rug is on the floor. Investment apartments for sale by auction with World of Auctions.
A living room with a brown leather sofa against a wall of windows showing a green, outdoor landscape in the stylish Collingwood Court. There's a small circular rug in front of the sofa. To the left, there is a fireplace and a metal log holder. The room has a beige carpet and light-painted walls.
Property for sale by Auction A small, empty room with white walls and a tan carpet at 159 Collingwood Court, Washington. There is a built-in desk with peeling paint and visible wear attached to the back wall. A light switch is mounted on the left wall, and some exposed pipes run vertically along the back wall. Presented by World of Auctions
Property for sale by Auction A minimalist kitchen corner in 159 Collingwood Court, Washington, features a green countertop, white tiled backsplash, and beige walls. A wooden cabinet is mounted on the right wall, with an electrical outlet on the backsplash and a tall, empty glass container on the countertop. Presented by World of Auctions
Property for sale by Auction A small bathroom at 159 Collingwood Court, Washington, features a white pedestal sink with two faucets, a rectangular mirror above it, a white toilet to the right, and a partially visible bathtub on the left. The walls are covered with white tiles. Presented by World of Auctions
Property for sale by Auction A small kitchen at 159 Collingwood Court, Washington, with a beige wall and wooden cabinets. A white boiler is mounted above the green counter, which holds several apples arranged in a row and is partially tiled with white ceramic tiles. Part of a stainless steel sink is visible. Presented by World of Auctions
Property for sale by Auction A small, empty room at 159 Collingwood Court, Washington, features plain white walls and grey carpet. A dark-colored leather armchair is partially visible in the lower left corner. A bright window with vertical blinds is on the left wall, and an open doorway leads to another small area with a window. Presented by World of Auctions
Property for sale by Auction A small, empty room at 159 Collingwood Court, Washington, with beige walls and gray carpet. There's a brown pendant light hanging from the ceiling. An open door leads to a kitchen area with wooden cabinets and a stove. A brown curtain is partially hanging off a rod covering a window on the right wall. Presented by World of Auctions
Property for sale by Auction A cozy living room at 159 Collingwood Court, Washington, features a brown leather sofa near a large window allowing in ample natural light. A fireplace with a wooden mantle is set against one wall, and a framed picture hangs above it. A patterned round rug is placed on the carpeted floor. Presented by World of Auctions
Property for sale by Auction A living room at 159 Collingwood Court, Washington, features carpeted floors and white walls. It contains a brown leather sofa, a small circular rug, a wooden mantlepiece, and a picture of a pier on the wall. Dark curtains cover one doorway while brown lampshades hang from the ceiling. Presented by World of Auctions
Property for sale by Auction A front door at 159 Collingwood Court, Washington is open, revealing a small entryway with hooks on the wall and a red-striped rug on the floor. Beyond the entryway, a view of a living room with a black sofa near a window is visible. Presented by World of Auctions
Property for sale by Auction The large apartment complex at 159 Collingwood Court, Washington, surrounds a green courtyard. Pathways intersect the grassy areas, which are lined with benches and bushes. A blue metal framework structure stands in the center. The complex has multiple floors with windows and balconies. Presented by World of Auctions
1
Property for sale by Auction 159 Collingwood Court Washington features a large, multi-story brick apartment building with balconies set against a blue sky with scattered clouds. Below, several garage units with white doors are visible. To the left, a row of parked cars sits on a paved area, while nearby grass and trees add greenery. Presented by World of Auctions
Property for sale by Auction A landscaped courtyard with neatly trimmed hedges, pathways, and cone-shaped topiary adorns the grounds of 159 Collingwood Court Washington. The area is surrounded by a multi-story brick apartment building, while outdoor benches and steel arch structures are spread throughout the greenery under a partly cloudy sky. Presented by World of Auctions
A living room in Collingwood Court with beige walls and carpet. A dark brown leather sofa is positioned near a white wall, and there is a wooden fireplace with a dark screen. A black and white photo hangs on the wall above. Brown curtains cover a window, and a round rug is on the floor. Investment apartments for sale by auction with World of Auctions.
A living room with a brown leather sofa against a wall of windows showing a green, outdoor landscape in the stylish Collingwood Court. There's a small circular rug in front of the sofa. To the left, there is a fireplace and a metal log holder. The room has a beige carpet and light-painted walls.
Property for sale by Auction A small, empty room with white walls and a tan carpet at 159 Collingwood Court, Washington. There is a built-in desk with peeling paint and visible wear attached to the back wall. A light switch is mounted on the left wall, and some exposed pipes run vertically along the back wall. Presented by World of Auctions
Property for sale by Auction A minimalist kitchen corner in 159 Collingwood Court, Washington, features a green countertop, white tiled backsplash, and beige walls. A wooden cabinet is mounted on the right wall, with an electrical outlet on the backsplash and a tall, empty glass container on the countertop. Presented by World of Auctions
Property for sale by Auction A small bathroom at 159 Collingwood Court, Washington, features a white pedestal sink with two faucets, a rectangular mirror above it, a white toilet to the right, and a partially visible bathtub on the left. The walls are covered with white tiles. Presented by World of Auctions
Property for sale by Auction A small kitchen at 159 Collingwood Court, Washington, with a beige wall and wooden cabinets. A white boiler is mounted above the green counter, which holds several apples arranged in a row and is partially tiled with white ceramic tiles. Part of a stainless steel sink is visible. Presented by World of Auctions
Property for sale by Auction A small, empty room at 159 Collingwood Court, Washington, features plain white walls and grey carpet. A dark-colored leather armchair is partially visible in the lower left corner. A bright window with vertical blinds is on the left wall, and an open doorway leads to another small area with a window. Presented by World of Auctions
Property for sale by Auction A small, empty room at 159 Collingwood Court, Washington, with beige walls and gray carpet. There's a brown pendant light hanging from the ceiling. An open door leads to a kitchen area with wooden cabinets and a stove. A brown curtain is partially hanging off a rod covering a window on the right wall. Presented by World of Auctions
Property for sale by Auction A cozy living room at 159 Collingwood Court, Washington, features a brown leather sofa near a large window allowing in ample natural light. A fireplace with a wooden mantle is set against one wall, and a framed picture hangs above it. A patterned round rug is placed on the carpeted floor. Presented by World of Auctions
Property for sale by Auction A living room at 159 Collingwood Court, Washington, features carpeted floors and white walls. It contains a brown leather sofa, a small circular rug, a wooden mantlepiece, and a picture of a pier on the wall. Dark curtains cover one doorway while brown lampshades hang from the ceiling. Presented by World of Auctions
Property for sale by Auction A front door at 159 Collingwood Court, Washington is open, revealing a small entryway with hooks on the wall and a red-striped rug on the floor. Beyond the entryway, a view of a living room with a black sofa near a window is visible. Presented by World of Auctions
Property for sale by Auction The large apartment complex at 159 Collingwood Court, Washington, surrounds a green courtyard. Pathways intersect the grassy areas, which are lined with benches and bushes. A blue metal framework structure stands in the center. The complex has multiple floors with windows and balconies. Presented by World of Auctions
2

Description

**Investment Opportunity in Washington, Tyne And Wear**

Located in the historic town of Washington, Tyne And Wear, this leasehold two-bedroom flat presents a fantastic investment opportunity. Situated at 159 Collingwood Court, this property is currently available for sale by auction, with terms and conditions applying – enquire for more details.

The accommodation comprises a spacious reception room, kitchen, bathroom, and two bedrooms, offering comfortable living space. The property is leasehold with 89 years remaining on the lease, with a ground rent of £10 per annum and a service charge of £1000 per annum.

Currently vacant, this property has previously achieved an income of £5,160.00 per annum, making it an attractive option for investors. The council tax band is A, and the EPC rating is C.

Washington is a town steeped in history, being the ancestral settlement of the Washington family, from which George Washington descended. It is located in the City of Sunderland district of Tyne and Wear, England, and is conveniently situated between Chester-le-Street, Gateshead, and Sunderland.

Residents of Washington can enjoy a range of amenities, including shopping centres, restaurants, parks, and leisure facilities. The town offers easy access to major cities and attractions in the North East, making it a desirable location for both investors and residents.

Don’t miss out on this investment opportunity in Washington – contact us today to arrange a viewing of this property at 159 Collingwood Court.

 

BUYER’S PREMIUM

Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £5,000 + VAT upon exchange of the contract.

When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.

https://www.streetcheck.co.uk/postcode/ne373eb

 

Get in touch

Tom Barrett National Sales Director
View Ammendum

Location

159 Collinwood Court in Washington, NE37 3EF ///combining.hints.handed

Viewing Details

Viewing’s Available subject to 48 Hours Notice upon request with one of our agents.

Accommodation

This two bedroom flat comprises entrance hall leading to a spacious lounge, fitted kitchen with a range of base and wall units, Family Bathroom and Two good sized bedrooms bedrooms and is

 

Benefitting from uPVC double glazing and Gas Central Heating it will make an excellent addition to the buy to let land lords portfolio.

 

Lounge 19’0 x 14’6

 

Kitchen 10’6 x 5’9

 

Bedroom 1 11’0 x 11’0

 

Bedroom 2 10’9 x 10’0

 

Bathroom

 

Tenure: Leasehold – 125 years from April 1986 (89 Years Remaining)

Map

Street View

Property Video

Income
Currently Vacant having previously achieved an income of £5,160.00 P.A
Service Charge – £1000 per annum
Ground Rent – £10 per annum

EPC

EPC Rating: C
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Important Notices & Guidance Notes

Important notices

Pre-registration approval to bid, guide prices, reserves, additional charges and other matters.

Pre-registration approval to bid World of Auctions now require all bidders who wish to bid at our Auctions to register. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given.

Please use the links on our website to pre-register. Following approval to bid, the buyer named in your registration cannot be changed without the consent of the auctioneers.

Guide Prices

A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.

Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.

The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website, and you should check the website regularly for updates and on the day of the auction.

All guide prices are quoted “subject to contract”.

Please note the guide price for the Lot does not include: – any Buyers’ Fee charged by the auctioneers; – VAT on the sale price; – SDLT or any other Government taxes.

Additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.

If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do call our office about this. The guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices

The reserve price is the minimum price at which the Lot can be sold.

Whilst every effort is made to ensure that the advertised guide prices are up to date. it is possible that the reserve price set for any Lot may exceed the previously quoted guide price. This is because the seller may fix the final reserve price just before the Lot is offered for sale and you should check the website regularly for updates and on the day of the auction.

World of Auctions, Residential and Commercial Auctions. Our content is meticulously curated by our seasoned professionals, specifically tailored for discerning property buyers. Our platform is best suited for experienced institutional or business buyers, as well as individuals equipped with the necessary knowledge and expertise to make informed purchasing decisions. We deal in properties that come with their own unique set of risks, which our sophisticated buyers understand. If you’re uncertain about meeting these prerequisites, we recommend seeking independent advice or reaching out to us directly.”

Buyers Premium 

A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At world of Auctions our buyers premium on Property (Real Estate sales) is normally £5000 plus vat. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.

Buyers’ fees, Seller’s fees and additional charges

For each Lot, a documentation charge / Fee is payable on the fall of the hammer to World of Auctions as follows:

Residential Auctions – Lots sold for £10,000 or more: Buyers’ Fee of £1,500 inclusive of VAT.

Lots sold for less than £10,000: Buyers’ Fee of £500 inclusive of VAT.

Commercial Properties – All Lots: Buyers Fee £1,000 excluding VAT

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees and to check the addendum which might also (but does not always) contain details of such amounts.

VAT may be chargeable in addition to the sale price for the Lot. The auctioneer will announce this and will be contained within the particulars.

Other Matters

Please note that Lots may be sold or withdrawn at any time prior to auction.

Please note that the amount of Bidder Security (payable on application to bid at the auction) and the Buyer’s Fee may be varied from the standard amounts quoted upon or website or by a member of our sales team. So please check.

Please refer to the addendum, the Particulars and/or the conditions of sale.

Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

The plans and photographs shown in the catalogue are included in order to assist you in locating the Lot in question. They are not to be taken as drawn to scale and any arrows on plans or photographs are merely to assist you in finding the Lot, not for the purpose of indicating legal boundaries or which direction the lot is facing.

The Auctioneers do not warrant or represent that any plans or photographs show the up-to-date position with regard to occupiers either for the Lot or for any other properties shown in such plans or photographs.

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