2 Bed Flat, Single Let, Sunderland, SR6 0QD, £124,950

Topcliff, Riverside, SR6 0QD - a year ago

Leasehold
BTL
ROI: 6%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£35K - £240K
Sold Prices/m²£808/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£113,129

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,238

Stamp Duty & Legal Fees

£4,949

Total Cash In

£36,186

 

 

Cash Out

 

Rent Range

£650 - £2,000

Rent Estimate

£731

Running Costs/mo

£557

Cashflow/mo

£174

Cashflow/yr

£2,092

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £35K to £240K, average is £102K. £808/m² to £3.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£125.3K02/240.05 mi22, Topcliff, Sunderland, Tyne And Wear SR6 0QD2
£125K08/220.06 mi35, Topcliff, Sunderland, Tyne And Wear SR6 0QD2
£74K07/210.08 mi45, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£147.5K08/220.23 mi15, Haven Court, Sunderland, Tyne And Wear SR6 0RL2
£148.5K07/240.24 mi5, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£149K08/230.24 mi10, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£135K06/220.25 mi7, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£97.5K03/210.31 mi35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£97.5K03/210.31 mi35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£240K10/220.31 mi16, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£122K04/230.31 mi37, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£151K01/230.31 mi36, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£163.5K04/240.35 mi8, Wheatsheaf Court, Sunderland, Tyne And Wear SR6 0RF2
£225K09/210.39 mi14, Hallgarth Court, Sunderland, Tyne And Wear SR6 0RG2
£150.5K01/240.39 mi37, Hallgarth Court, Sunderland, Tyne And Wear SR6 0RG2
£55K03/230.4 mi84, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£71K06/230.4 mi82, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£65K11/220.4 mi80, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£191K07/220.43 mi9, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£173K06/210.45 mi24, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£157K06/240.45 mi11, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£148.8K06/240.45 mi27, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£106K12/200.47 mi7 Bonners Raff, Chandlers Road, Sunderland, Tyne And Wear SR6 0AD2
£175K02/240.49 mi18, Liddell Court, Sunderland, Tyne And Wear SR6 0RH2
£170K11/200.49 mi12, Liddell Court, Sunderland, Tyne And Wear SR6 0RH2
£177K11/230.49 mi15, Liddell Court, Sunderland, Tyne And Wear SR6 0RH2
£77K06/230.49 mi102a, Gladstone Street, Sunderland, Tyne And Wear SR6 0JA2
£159.9K03/230.5 mi33, Bloomfield Court, Sunderland, Tyne And Wear SR6 0RA2
£100K02/230.52 mi24, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£105K09/220.52 mi25, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£94K07/210.53 mi71, Bede Street, Sunderland, Tyne And Wear SR6 0NT2
£103K02/210.53 mi69, Bede Street, Sunderland, Tyne And Wear SR6 0NT2
£84K04/210.55 mi22, Turnstile Mews, Sunderland, Tyne And Wear SR6 9TP2
£65K12/210.55 miApartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£35K10/230.56 miApartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£58.5K08/230.56 miApartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH2
£50K11/220.57 miApartment 19, Biscop House, Villiers Street, Sunderland, Tyne And Wear SR1 1ER2
£115K10/230.57 mi12, Ashdale Court, Sunderland, Tyne And Wear SR6 9SZ2
£101K09/220.59 mi16, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£86K04/210.59 mi19, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£74K07/210.59 mi43, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£75.5K11/200.6 mi17, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£69K03/230.61 mi29, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£70K01/210.61 mi15, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£72K12/230.62 mi10, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£82.5K01/210.62 mi26, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£83K08/230.63 mi1, Westburn Terrace, Sunderland, Tyne And Wear SR6 9RB2
£101K10/210.67 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.68 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£118K07/220.79 mi13, Park Gate, Sunderland, Tyne And Wear SR6 9PW2

Local Rents

50 rents from £650/mo to £2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£72509/240.06 miTopcliff2
£70008/240.25 mi-2
£85009/240.26 miBeacon Drive, North Haven, Sunderland2
£65009/240.32 miRiver View, Sunderland, SR12
£70009/240.32 mi-2
£80009/240.33 miRiver View, Sunderland2
£75003/250.34 mi-2
£65009/240.34 miRiver View, Quayside, Sunderland, SR12
£75009/240.37 miHartington Street, Sunderland, Tyne and Wear, SR62
£75008/240.38 mi-2
£87509/240.39 miHallgarth Court, North Haven2
£1,80008/240.43 mi-2
£1,25003/250.43 mi-2
£2,00011/240.44 mi-2
£1,75003/250.44 mi-2
£2,00011/240.44 mi-2
£2,00011/240.44 mi-2
£90008/240.45 mi-2
£80009/240.47 mi-2
£80009/240.47 miBonners Raff, Sunderland, SR62
£87509/240.48 miLiddell Court, Sunderland2
£80009/240.48 miWest Wear Street, Sunderland, Tyne and Wear, SR12
£80009/240.49 miEcho Building, Tyne & Wear, City Centre, Sunderland, SR12
£95007/240.49 mi-2
£95007/240.49 mi-2
£1,05001/250.49 mi-2
£95009/240.5 miAshberry Grove, Roker2
£89509/240.51 miEcho Building, West Wear Street, Sunderland, SR12
£85004/250.53 mi-2
£89002/240.54 mi-2
£1,00009/240.54 miRiver Quarter, William Street, Sunderland, SR12
£75009/240.55 miEcho Building, West Wear Street, Sunderland, SR12
£80009/240.55 miEcho Building, City Centre, Sunderland, SR12
£1,10009/240.55 miEcho Building, West Wear Street, Sunderland, SR12
£80909/240.55 miWest Wear Street, Sunderland, SR12
£83009/240.55 miEcho Building, West Wear Street, Sunderland, SR12
£89509/240.55 miEcho Building, West Wear Street, Sunderland, SR12
£85003/250.55 mi-2
£87509/240.55 miWest Wear Street, Sunderland2
£77509/240.55 miWest Wear Street, Sunderland2
£80009/240.55 miWest Wear Street, Sunderland2
£80009/240.55 miWest Wear Street, Sunderland2
£80009/240.55 miWest Wear Street, Sunderland2
£85009/240.55 miWest Wear Street, Sunderland2
£75009/240.56 miNorfolk Street, Sunniside, Sunderland, SR12
£75009/240.56 miNorfolk Street, Sunniside, Sunderland, SR12
£1,00009/240.56 miNorfolk Street Student Accommodation, City Centre, Sunderland, SR12
£85009/240.56 miEcho Building, City Centre, SUNDERLAND, SR12
£85009/240.56 mi-2
£90009/240.58 miBonners Raff, Chandlers Road, SUNDERLAND, SR62

Local Area Statistics

Population in SR6

30,268

Population in Sunderland

183,740

Town centre distance

2.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £124,950

April 18, 2024

Description

  • Riverside location, ideal for city access. +
  • Close to universities, schools, and seafront. +
  • Stunning river views from UPVC windows. +
  • Efficient combi gas central heating included. +
  • Secure entry system and residents parking available. +
  • Spacious open-plan lounge and diner layout. +
  • Reference: 444498 +
  • The property is Leasehold with a term of 99 Years from 1st April 1992 subject to an annual ground rent of a peppercorn. +

This first floor, two double bedroom apartment is located on a sought after Riverside Development at the head of a cul-de-sac. Ideally located for all amenities including: Sunderland University, St Peter's campus, river walks, the sea front, in close proximity to schools and boasts good transport links to Sunderland city centre and wider road networks. Perfect for those looking to get on the housing market and professionals alike.

Benefits of this property is an outstanding view over the river and across towards the pier, UPVC double glazed windows, combi gas central heating, open plan lounge and diner, secure entry system and residents parking. This property briefly comprises of: a communal entrance door and hallway with stairs to the first floo,in the flat is a lounge, kitchen, bathroom and two bedrooms. EARLY VIEWING IS A MUST
COMMUNAL ENTRANCE
Glazed wood entrance door to the communal hallway and stairs to first floor.
FIRST FLOOR LANDING

HALLWAY
Glazed wood door to the hallway and a radiator.
LOUNGE/ DINER 5.5m (18'1) x 3.6m (11'10)
Two double glazed windows, river view, two radiators.
KITCHEN 2.1m (6'11) x 3.1m (10'2)
Wall and floor units, one and a half bowl stainless steel sink with mixer tap, double glazed window, radiator, Combi boiler, electric oven point, plumbed for automatic washing machine and a river view.
BATHROOM
Panel bath with shower over, extractor fan, radiator, low level WC, wash basin.
BEDROOM 2.6m (8'6) x 3m (9'10)
Double glazed window, radiator.
MASTER BEDROOM 3.3m (10'10) x 4m (13'1)
Two double glazed windows, radiator.

Residential Parking

EPC Rating: C
Tenure
The property is Leasehold with a term of 99 Years from 1st April 1992 subject to an annual ground rent of a peppercorn.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 14 Mbps and a maximum download speed of 67 Mbps at this postcode: SR6 0QD and mobile coverage is provided by EE, THREE, O2, Vodafone. The checker results are predictions and should not be regarded as guaranteed.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Council Tax
The GOV.UK website states the property is Council Tax Band: C

Agent Details

Andrew Craig, Fulwell

0191 625 0112

Next Steps?

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