2 Bed Terraced House, Single Let, Sunderland, SR4 6EU, £99,950

36 Cromwell Street, Sunderland, Tyne And Wear, SR4 6EU - 8 views - 2 years ago

BTL
ROI: 5%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£35K - £113K
Sold Prices/m²£534/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£75,939

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Total Cash In

£29,186

 

 

Cash Out

 

Rent Range

£475 - £1,995

Rent Estimate

£575

Running Costs/mo

£447

Cashflow/mo

£128

Cashflow/yr

£1,532

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £35K to £113K, average is £70.8K. £534/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£45.5K03/210.02 mi14, Ailesbury Street, Sunderland, Tyne And Wear SR4 6EW2
£80K08/210.05 mi8, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£75K12/210.1 mi28, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£75K02/210.1 mi30, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£65K06/230.1 mi33, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£62.5K12/200.1 mi28, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£60.5K02/230.1 mi31, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£95K08/210.11 mi115, Flint Road, Sunderland, Tyne And Wear SR4 6EG2
£46K01/230.15 mi2, Kings Terrace, Sunderland, Tyne And Wear SR4 6HW2
£97K05/230.16 mi12, Hume Street, Sunderland, Tyne And Wear SR4 6HU2
£60K05/210.18 mi12, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£59.5K10/200.18 mi32, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£55K01/240.18 mi22, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£74K01/240.18 mi11, Dryborough Street, Sunderland, Tyne And Wear SR4 6BL2
£90K10/230.19 mi23, Howarth Street, Sunderland, Tyne And Wear SR4 7UT2
£68K02/210.2 mi69, Hylton Street, Sunderland, Tyne And Wear SR4 7DG2
£113K10/210.21 mi17, Corning Road, Sunderland, Tyne And Wear SR4 6EE2
£35K03/240.21 mi20, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP2
£65K10/210.23 mi75, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£47K11/200.23 mi63, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£64.6K01/210.24 mi34, Milburn Street, Sunderland, Tyne And Wear SR4 6AX2
£80K02/210.24 mi7, Walpole Court, Sunderland, Tyne And Wear SR4 6JH2
£90K01/210.24 mi11, Enderby Road, Sunderland, Tyne And Wear SR4 6BA2
£53K02/210.24 mi4, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£66K01/210.24 mi1, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£63K02/240.24 mi27, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£74K01/240.26 mi1, Rokeby Street, Sunderland, Tyne And Wear SR4 7EQ2
£65K05/210.27 mi32, Chester Terrace North, Sunderland, Tyne And Wear SR4 7AP2
£105K11/210.27 mi20, Magdelene Place, Sunderland, Tyne And Wear SR4 6LW2
£90K04/240.27 mi23, Harlow Street, Sunderland, Tyne And Wear SR4 7AR2
£53K02/210.29 mi5, Offerton Street, Sunderland, Tyne And Wear SR4 7EA2
£110K07/220.31 mi15, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£86.5K11/200.32 mi17, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£72.5K01/240.32 mi19, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£86K03/220.32 mi8, Chester Crescent, Sunderland, Tyne And Wear SR1 3SH2
£105K09/230.33 mi12, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£105K09/230.33 mi11, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£76K11/230.33 mi10, Violet Street, Sunderland, Tyne And Wear SR4 6AE2
£68K06/210.33 mi27, Lily Street, Sunderland, Tyne And Wear SR4 6AQ2
£60K01/210.34 mi19, Dene Street, Sunderland, Tyne And Wear SR4 6JB2
£64K09/230.36 mi29, Well Street, Sunderland, Tyne And Wear SR4 6JE2
£40K04/240.36 mi3, Garnet Street, Sunderland, Tyne And Wear SR4 6QS2
£71.5K10/210.4 mi39, Chester Mews, Sunderland, Tyne And Wear SR4 7HX2
£61K08/230.41 mi1, Martin Terrace, Sunderland, Tyne And Wear SR4 6JD2
£71.8K05/230.41 mi4, Martin Terrace, Sunderland, Tyne And Wear SR4 6JD2
£69K05/220.42 mi25, Gillhurst Grange, Sunderland, Tyne And Wear SR1 3QN2
£85K11/200.42 mi23, Pallion Park, Sunderland, Tyne And Wear SR4 6QE2
£70K10/220.42 mi10, Wharncliffe Street, Sunderland, Tyne And Wear SR1 3RG2
£86K09/230.42 mi13, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£93.6K09/210.42 mi10, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2

Local Rents

32 rents from £475/mo to £2K/mo, average is £680/mo.

RentDateDistanceAddressBeds 
£52509/240.11 miPickard Street, Millfield, Sunderland2
£65009/240.16 miKings Terrace, Sunderland, Tyne and Wear, SR42
£75003/250.18 mi-2
£77503/250.19 mi-2
£67509/240.21 mi-2
£65008/240.22 mi-2
£59501/250.24 mi-2
£75012/240.24 mi-2
£65009/240.25 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£65004/250.27 mi-2
£60010/230.32 mi-2
£52504/250.32 mi-2
£59509/240.33 mi-2
£47509/240.34 mi-2
£49503/250.34 mi-2
£62503/250.4 mi-2
£67509/240.42 miPallion Road, Sunderland, Tyne And Wear, SR42
£59502/250.42 mi-2
£69504/250.42 mi-2
£65009/240.44 miHighfield Place, Pallion, Sunderland2
£79509/240.44 mi-2
£75009/240.48 miSummerhill, Thornhill, Sunderland, SR22
£75009/240.53 mi-2
£75002/250.53 mi-2
£68511/240.54 mi-2
£68511/240.54 mi-2
£85009/240.56 mi-2
£69509/240.57 miAlbert Court, Royal Courts, Sunderland2
£75009/240.58 miEdwin Street, Sunderland, Tyne and Wear, SR42
£75009/240.58 miLeopold House, Albert Court, Sunderland, SR22
£1,99501/250.6 mi-2
£75008/240.61 mi-2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.67 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £99,950

April 27, 2023

Sold for £80,000

2005

Description

  • Cottage +
  • 2 Bedrooms +
  • Recently Modernised +
  • No Onward Chain +
  • Must Be Viewed +
  • Rear Yard +
  • Convenient Location +
  • EPC Rating D +

This recently refurbished 2 bedroom cottage is available with NO ONWARD CHAIN. The property is situated on Cromwell Street in Millfeild being close to located schools, shops and amenities. The property briefly comprises of Entrance Hall, Living Room, Kitchen, Bathroom and 2 Bedrooms. Externally there is a front forecourt with a yard to the rear. This property must be viewed.

Entrance Hall - Radiator, loft access

Living Room - 4.34 x 3.50 max (14'2" x 11'5" max) - Double glazed, to the rear, radiator

Kitchen - 2.83 max x 4.39 max (9'3" max x 14'4" max) - The Kitchen comprising a range of floor and wall units, integrated oven. gas hob with extractor over, stainless stele sink and drainer wit mixer tap, wall mounted gas central heating boiler, double glazed window, radiator, door to the rear yard

Bathroom - White suite comprising low level wc, wash hand basin set on a vanity unit, bath with shower over, double glazed window, radiator,

Bedroom One - 4.13 max x 3.54 (13'6" max x 11'7") - Double glazed bay window, radiator

Bedroom Two - 2.05 max x 3.30 (6'8" max x 10'9") - Rear facing, double glazed window, radiator

Externally - There is a front forecourt with a yard to the rear

Free Valuations - We are pleased to offer a free valuation service for prospective purchasers considering a sale of their own property. We can advise you with regard to marketing, without obligation

Mortgage Advice - Mortgages can be arranged via our Financial Advisers subject to status. Your home may be repossessed if you do not keep up repayments on your mortgage.

Agent Details

Michael Hodgson, Sunderland

0191 625 0998

Next Steps?

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