2 Bed Terraced House, Single Let, Sunderland, SR2 8JY, £50,000

Tower Street West , Hendon, Sunderland, SR2 8JY - 3 views - 2 years ago

Auction
BTL
ROI: 19%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£30K - £182K
Sold Prices/m²£396/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£54,326
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Total Cash In

£15,200

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£519

Running Costs/mo

£280

Cashflow/mo

£239

Cashflow/yr

£2,867

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £30K to £182K, average is £50K. £396/m² to £2.2K/m², average is £798/m².

PriceDateDistanceAddressBeds 
£35.5K12/200 mi64, Tower Street West, Sunderland, Tyne And Wear SR2 8JY2
£47K11/210.02 mi53, Mainsforth Terrace West, Sunderland, Tyne And Wear SR2 8JX2
£55K07/230.05 mi37, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£36K07/210.05 mi39, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£64K06/210.12 mi18, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£36K10/200.12 mi25, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£39K05/210.14 mi21, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£46K07/210.14 mi12, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£45K04/230.21 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£38K01/210.22 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£50K01/230.23 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£50K01/230.25 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K07/230.25 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£40K10/200.27 mi72, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PW2
£43K03/210.27 mi22, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£65K05/230.27 mi23, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£54K04/210.28 mi9, Burlington Close, Sunderland, Tyne And Wear SR2 8AW2
£45K03/210.28 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.28 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.28 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£33K04/230.3 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£51K05/230.3 mi18, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£46.8K12/220.3 mi30, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£50K04/210.36 mi8, Coxon Street, Sunderland, Tyne And Wear SR2 8DX2
£49K12/220.37 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£48K03/210.37 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.37 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£37.5K12/200.39 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.39 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£83.3K10/220.43 mi15, Raine Grove, Sunderland, Tyne And Wear SR1 2LH2
£34K04/230.48 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.48 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£120.7K11/200.55 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£156K09/230.56 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£182K01/210.57 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£65K06/230.65 mi7, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£110K01/210.67 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£150K02/210.73 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£153K11/200.73 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£75K06/210.75 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£48K08/210.76 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£48K08/210.77 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£85K02/210.81 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£165.8K08/210.83 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£85K12/220.83 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£75K06/210.85 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£73.5K01/210.87 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£88K06/230.88 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£115K12/210.89 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2
£179.9K11/200.97 mi173, Queen Alexandra Road, Sunderland, Tyne And Wear SR3 1XN2

Local Rents

46 rents from £475/mo to £2K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£58003/250.02 mi-2
£55009/240.16 mi-2
£69011/240.17 mi-2
£55009/240.18 mi-2
£47509/240.2 miVillette Road, Hendon, Sunderland2
£60009/240.24 miMoreland Place, Gray Road, Hendon, Sunderland, SR22
£62511/240.24 mi-2
£80009/240.26 mi-2
£80009/240.26 mi-2
£75009/240.27 mi-2
£76509/240.27 miSaint Leonard Street, Sunderland, SR22
£97509/240.27 miMowbray Road, Ashbrooke, Sunderland2
£57502/250.28 mi-2
£59503/250.28 mi-2
£72503/250.28 mi-2
£84509/240.28 miThe Oaks, Sunderland, SR22
£69509/240.28 mi-2
£72009/240.28 mi-2
£72503/250.28 mi-2
£52508/240.29 mi-2
£65009/240.3 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£65009/240.3 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£55003/250.31 mi-2
£65503/250.31 mi-2
£65009/240.33 mi(Formerly 1 Kensington House), Sunderland, Gray Road, Ashbrooke, SR22
£60009/240.35 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£95009/240.37 mi-2
£75003/250.4 mi-2
£70009/240.44 miOrchard House, Belford Close, SUNDERLAND, SR22
£65009/240.48 miPark Hall, Sunderland, Ashbrooke, SR22
£65009/240.49 mi1-4 Ashbrooke Terrace, Sunderland2
£90003/250.5 mi-2
£75009/240.5 miThe Esplanade, Sunderland, SR22
£72509/240.51 mi-2
£59509/240.51 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£75001/250.56 mi-2
£2,00003/250.56 mi-2
£75002/250.57 mi-2
£75001/250.57 mi-2
£65009/240.57 miGrange Crescent, Sunderland, Stockton Road, SR22
£70009/240.58 miSt Georges House, Ashbrooke, Sunderland, SR22
£77502/250.59 mi-2
£65009/240.59 miGrange Crescent, Stockton Road, Sunderland, SR22
£65009/240.59 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£69509/240.6 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£80009/240.61 miCity Apartments, Borough Road, Sunderland2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.97 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £50,000

August 23, 2023

Description

  • Two Bedrooms +
  • Mid Terraced Cottage +
  • Gas Central Heating, Double Glazing +
  • Vacant Possession +
  • Yard to Rear +
  • Viewing Recommended +

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. 

ENTRANCE HALL Double glazed entrance door. 

LOUNGE 13' 1" x 13' 9" (4.00m x 4.21m) Double glazed window to front, feature fireplace with electric fire, marble type inset and hearth, telephone point, television point, radiator and storage cupboard. 

REAR HALLWAY 5' 7" x 2' 9" (1.71m x 0.84m) Double glazed door, storage cupboard. 

KITCHEN 8' 1" x 12' 1" (2.47m x 3.70m) Fitted with a range of wall and base units with coordinating work surfaces over, single bowl sink unit, electric cooker point, space for washing machine, combination boiler, radiator, double glazed window to rear. 

BEDROOM 1 9' 8" x 13' 7" (2.97m x 4.16m) Double glazed window to front, coving to ceiling, radiator  

BEDROOM 2 6' 10" x 10' 4" (2.10m x 3.16m) Double glazed window to rear, radiator. 

BATHROOM White 4 piece suite comprising of, panelled bath with shower over, step in shower cubicle, pedestal wash hand basin, low level WC, radiator, double glazed window to rear. 

REAR YARD Paved with gates access and brick boundary.

Agent Details

Safe & Secure Properties, Houghton Le Spring

0191 625 1035

Next Steps?

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