3 Bed Bungalow, Single Let, Sunderland, SR2 8LA, £59,000

24 Hendon Burn Avenue, Sunderland, Tyne And Wear, SR2 8LA - 5 views - 2 years ago

BTL
ROI: 10%
87 m²
+2 photos

ValuationUndervalued

Sold Prices£35K - £335K
Sold Prices/m²£380/m² - £2.7K/m²

 

 

Square Metres

87 m²
Price/m²£678/m²

Value Estimate

£70,800
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,750

Stamp Duty & Legal Fees

£2,970

Total Cash In

£17,720

 

 

Cash Out

 

Rent Range

£590 - £3,500

Rent Estimate

£444

Running Costs/mo

£293

Cashflow/mo

£151

Cashflow/yr

£1,810

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £35K to £335K, average is £115.8K. £380/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£73K01/230.04 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.04 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£65.6K02/230.05 mi11, Tower Street West, Sunderland, Tyne And Wear SR2 8JY3
£80K12/220.08 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£40K01/210.1 mi29, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£50K07/210.1 mi44, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£51.5K04/230.1 mi18, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£86K09/210.13 mi131, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£100K05/210.13 mi121, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£65K01/210.13 mi155, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£95K02/230.13 mi139, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£68.4K05/210.14 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£80K04/210.14 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.14 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£108K08/230.18 mi5, Crossby Court, Sunderland, Tyne And Wear SR2 8BX3
£110K02/230.27 mi5, St Vincent Street, Sunderland, Tyne And Wear SR2 8EU3
£35K10/200.32 mi62, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PW3
£102K05/230.37 mi19, Raine Grove, Sunderland, Tyne And Wear SR1 2LH3
£135K06/230.39 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.39 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£140K08/210.39 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£46K03/210.46 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£190K09/230.47 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£62K06/230.5 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£240K09/210.52 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£115K07/230.57 mi6, St Georges Way, Sunderland, Tyne And Wear SR2 7BW3
£268K04/230.57 mi3, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£284K11/200.57 mi1, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£165K03/210.59 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£182.5K08/230.59 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£260K06/210.61 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£144K12/200.62 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.62 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£80K03/230.65 mi12, Briery Vale Road, Sunderland, Tyne And Wear SR2 7HE3
£335K02/210.65 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£110K11/210.65 mi4, Briery Vale Close, Sunderland, Tyne And Wear SR2 7HY3
£125K04/230.66 mi28, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£160K08/210.66 mi24, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£177.9K05/230.66 mi21, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£216.5K11/200.67 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£144K07/210.67 mi11, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP3
£116.5K01/210.69 mi19, Alice Street, Sunderland, Tyne And Wear SR2 7AL3
£82.5K02/210.69 mi2, Alice Street, Sunderland, Tyne And Wear SR2 7AL3
£247K03/210.7 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.7 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.7 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.7 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.7 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£245K03/210.71 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£105K03/230.71 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3

Local Rents

11 rents from £590/mo to £3.5K/mo, average is £730/mo.

RentDateDistanceAddressBeds 
£90003/250.07 mi-3
£73003/250.14 mi-3
£3,50003/250.17 mi-3
£59003/250.25 mi-3
£65009/240.25 mi-3
£59501/250.25 mi-3
£65001/250.25 mi-3
£65009/240.25 miSaint Leonard Street, Sunderland, SR23
£82509/240.26 mi-3
£79501/250.34 mi-3
£95003/250.56 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £59,000

December 15, 2022

Sold for £19,000

1998

Description

  • GENEROUS ROOM SIZES +
  • CONVENIENT LOCATION +
  • GOOD TRANSPORT LINKS +
  • DOUBLE GLAZING +
  • YARD TO REAR +
  • VIEWING A MUST +

Early viewing is a must of this generously proportioned three bedroom mid cottage. The accommodation is arranged over two floors and comprises entrance hall, ground floor bedroom, lounge, inner hall, dining kitchen, ground floor bathroom, landing and two bedrooms to the first floor all having the benefit of double glazing and part gas central heating. Outside there is an enclosed courtyard to the front and an enclosed yard to the rear. Conveniently situated in the popular residential area of Hendon and close to a range of amenities shops and schools. The property boasts easy access to Sunderland City centre and local road networks.

Agent Details

Dowen, Sunderland

0191 625 0868

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪