6 Bed Terraced House, Refurb/BRRR, Sunderland, SR6 0HT, £150,000

Roker Avenue , Roker , Sunderland, SR6 0HT - 13 views - a year ago

Sold STC
Refurb/BRRR
~186 m²
+13 photos

ValuationFair Value

Sold Prices£270K - £555K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~186 m²
Price/m²£806/m²

Value Estimate

£150,000

 

 

End Value (After Refurb)

£261,812

Uplift in Value

+75%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£71,200

Bridging Loan Interest

£3,938

Total Cash In

£120,088

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£261,812

Agent Fees (1%)

£2,618

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£26,606

Local Sold Prices

13 sold prices from £270K to £555K, average is £420K. £1.1K/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£450K04/230.42 mi16, Park Parade, Sunderland, Tyne And Wear SR6 9LU6
£300K04/230.44 mi12, Roker Park Road, Sunderland, Tyne And Wear SR6 9PF6
£450K08/210.53 mi7, Roker Park Terrace, Sunderland, Tyne And Wear SR6 9LY6
£431K06/210.53 mi12, Roker Park Terrace, Sunderland, Tyne And Wear SR6 9LY6
£420K02/210.53 mi5, Roker Park Terrace, Sunderland, Tyne And Wear SR6 9LY6
£361.1K02/210.62 mi47, Roker Park Road, Sunderland, Tyne And Wear SR6 9PL6
£555K10/230.62 mi39, Roker Park Road, Sunderland, Tyne And Wear SR6 9PL6
£374K11/200.7 mi9, Park Avenue, Sunderland, Tyne And Wear SR6 9PU6
£270K11/200.96 mi42, Westcliffe Road, Sunderland, Tyne And Wear SR6 9NP6
£494.9K03/211.06 miSandymere, Sea Lane, Sunderland, Tyne And Wear SR6 8EE6
£270K07/211.22 mi2, Park Place East, Sunderland, Tyne And Wear SR2 8EE6
£280K10/211.68 mi20, Rowlandson Terrace, Sunderland, Tyne And Wear SR2 7SU6
£499.9K12/202.3 mi31, Front Street, Whitburn, Sunderland, Tyne And Wear SR6 7JB6

Local Rents

16 rents from £475/mo to £2.4K/mo, average is £943/mo.

RentDateDistanceAddressBeds 
£1,50009/240.03 miRoker Avenue, Nr St Peters Campus, SUNDERLAND, SR65
£2,39509/240.06 miOtto Terrace, Sunderland , SR26
£85009/240.29 miBrandling Street, Roker3
£1,10002/250.29 mi-3
£79509/240.35 miSandringham Road, Sunderland, Tyne and Wear, SR6 9QZ3
£85009/240.37 miWarwick Street, Sunderland, Tyne and Wear, SR53
£75009/240.42 miDevonshire Street, Monkwearmouth3
£99009/240.44 miAyser House, North Bridge Street, Sunderland, SR54
£89503/250.44 mi-3
£75009/240.56 miRiver View, Tyne and Wear, Low Street, Sunderland, SR13
£99509/240.57 miNewcastle Road, Sunderland, SR53
£47509/240.58 miHigh Street East, Sunderland, Tyne And Wear, SR13
£99509/240.61 mi-3
£99509/240.61 mi-3
£1,10010/240.61 mi-3
£85009/240.62 mi-3

Local Area Statistics

Population in SR6

30,268

Population in Sunderland

183,740

Town centre distance

2 miles away

Nearest school

0.20 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £150,000

April 12, 2024

Floor Plans

Description

  • GREAT COASTAL LOCATION +
  • ACCOMODATION OVER 3 STORIES +
  • SIX BEDROOMS +
  • AMAXING VIEWS FROM TOP FLOOR +
  • HUGE POTENTIAL +
  • FREEHOLD +
  • COUNCIL TAX BAND - B +
  • EPC RATING - D +

Located within the sightlines of Sunderland Marina and the Roker Pier and Lighthouse, this three-storey property boasts a location that's both strategic and scenic. A brief walk connects residents to the lively St. Peter's campus of the University of Sunderland, making the setting ideal for students or professionals seeking the convenience of coastal city living.

The layout spans approx. 1600ft2 and is characterized by its spaciousness. The ground floor holds two sizeable rooms flanking a kitchen area that, while functional, presents a blank canvas for modernisation. The first floor is an invitation for flexibility, with three bedrooms - two expansive doubles and a single - arranged to accommodate a variety of living situations, complemented by a main bathroom in need of updating.

Continuing to the second floor, the property reveals two additional bedrooms, each offering a vantage point to appreciate the local views, served by a separate WC.

While the house requires a discerning eye and some investment to unlock its full potential, it's a solid foundation for creating a high-yield rental property or a bespoke serviced accommodation. This is an opportunity for investors or landlords to craft a distinctive living space that resonates with the vibrancy and demands of the area.

Agent Details

Martin & Co, Sunderland

0191 625 0924

Next Steps?

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