5 Bed Semi-Detached House, Refurb/BRRR, Sunderland, SR2 7JT, £460,000

Beresford Park, Thornhill, Sunderland, SR2 7JT - 3 views - 10 months ago

Sold STC
Refurb/BRRR
~341 m²
+22 photos

ValuationFair Value

Sold Prices£40K - £710K
Sold Prices/m²£855/m² - £2.5K/m²

 

 

Square Metres

~340.70 m²
Price/m²£1.4K/m²

Value Estimate

£465,566

 

 

End Value (After Refurb)

£350,164

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£115,000

Stamp Duty & Legal Fees

£28,696

Refurb Costs

£130,055

Bridging Loan Interest

£12,075

Total Cash In

£287,576

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£350,164

Mortgage (After Refinance)

£262,623

Mortgage LTV

75%

Cash Left In

£287,576

Equity

£87,541

Rent Range

£477 - £3,500

Rent Estimate

£1,059

Running Costs/mo

£1,326

Cashflow/mo

£-267

Cashflow/yr

£-3,205

Gross Yield

3%

Local Sold Prices

38 sold prices from £40K to £710K, average is £283.8K. £855/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£247.5K12/200.04 mi2, Beechwood Terrace, Sunderland, Tyne And Wear SR2 7LX5
£235K02/210.21 mi18, Thornhill Gardens, Sunderland, Tyne And Wear SR2 7LD5
£295K03/210.33 mi8, Belle Vue Park, Sunderland, Tyne And Wear SR2 7SA5
£375K10/210.38 mi14, Grange Crescent, Sunderland, Tyne And Wear SR2 7BN5
£325K09/230.55 mi3, Corby Hall Drive, Sunderland, Tyne And Wear SR2 7HZ5
£325K06/210.56 mi137, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9BU5
£287.5K04/210.58 mi107, Tunstall Road, Sunderland, Tyne And Wear SR2 9BA5
£372K03/210.6 mi7, Granby Close, Sunderland, Tyne And Wear SR3 1XG5
£625K08/210.67 mi3, Bede Brook, Sunderland, Tyne And Wear SR3 1LH5
£105K07/230.74 mi26, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP5
£240K12/200.76 mi19, The Westlands, Sunderland, Tyne And Wear SR4 7RN5
£710K09/220.78 mi88, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9HW5
£310K07/230.78 mi9, Brixham Gardens, Sunderland, Tyne And Wear SR3 1LY5
£41K05/210.82 mi37, Athol Road, Sunderland, Tyne And Wear SR2 8LQ5
£105K03/210.85 mi99, Gray Road, Sunderland, Tyne And Wear SR2 8BJ5
£334.9K09/230.87 mi1, Belford Road, Sunderland, Tyne And Wear SR2 7TJ5
£292.5K03/210.9 mi1, Cedars Crescent, Sunderland, Tyne And Wear SR2 7SY5
£160K01/210.91 mi271, Cleveland Road, Sunderland, Tyne And Wear SR4 7QT5
£275K05/230.94 mi118, Durham Road, Sunderland, Tyne And Wear SR3 4AJ5
£255K10/211.23 mi89, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ5
£497.5K10/201.24 mi63, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY5
£117K11/211.27 mi18, Bond Close, Sunderland, Tyne And Wear SR5 1ES5
£225K02/231.29 mi33, Southmayne Road, Sunderland, Tyne And Wear SR4 8QU5
£163K03/231.57 mi34, Brandling Street, Sunderland, Tyne And Wear SR6 0LP5
£275K06/211.69 mi26, Bracknell Close, Sunderland, Tyne And Wear SR3 2DE5
£220K10/201.8 mi1, Ski View, Sunderland, Tyne And Wear SR3 1NW5
£230K07/231.8 mi1, Ski View, Sunderland, Tyne And Wear SR3 1NW5
£308K02/211.84 mi164, Newcastle Road, Sunderland, Tyne And Wear SR5 1NW5
£40K11/231.88 mi36, Featherstone Street, Sunderland, Tyne And Wear SR6 0PF5
£515K08/231.91 mi33, Roker Park Road, Sunderland, Tyne And Wear SR6 9PG5
£515K08/231.91 mi33, Roker Park Road, Sunderland, Tyne And Wear SR6 9PG5
£379.9K08/241.93 mi9, Sea View Gardens, Sunderland, Tyne And Wear SR6 9PN5
£450K07/211.94 mi17, Roker Park Terrace, Sunderland, Tyne And Wear SR6 9LY5
£280K01/211.97 mi101, Neale Street, Sunderland, Tyne And Wear SR6 9EY5
£275K03/211.98 mi1, Cavalier Way, Sunderland, Tyne And Wear SR3 1DJ5
£225K02/211.99 mi10, Ormesby Road, Sunderland, Tyne And Wear SR6 9HS5
£399K06/231.99 mi93, Side Cliff Road, Sunderland, Tyne And Wear SR6 9JR5
£330K01/231.99 mi42, Side Cliff Road, Sunderland, Tyne And Wear SR6 9JR5

Local Rents

41 rents from £477/mo to £3.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,20009/240.09 miHavelock Terrace, Sunderland, SR24
£1,30009/240.11 miAshwood Terrace, Thornhill5
£2,08009/240.11 miOakwood Street, Thornhill, Sunderland, SR25
£1,00008/240.14 mi-4
£90009/240.19 miThornlea Court, Thornhill, Sunderland, SR23
£1,75009/240.2 miCresswell Terrace, Thornhill, Sunderland, SR25
£1,40009/240.2 miCresswell Terrace, Thornhill, Sunderland, SR24
£90009/240.2 miBeachville Street, Sunderland, SR44
£80009/240.2 mi-4
£90010/240.2 mi-4
£47709/240.22 miCity View, 1-4 Thornhill Crescent, Sunderland, Tyne And Wear, SR24
£47709/240.22 miThornhill Crescent, Sunderland, Tyne And Wear, SR24
£49009/240.22 miThornhill Crescent, Sunderland, Tyne And Wear, SR26
£78009/240.23 mi-3
£78003/250.23 mi-3
£97509/240.23 miCresswell Terrace, Sunderland3
£80009/240.28 miHurstwood Road, High Barnes, Sunderland3
£1,64709/240.3 mi-4
£89502/240.3 mi-4
£1,73309/240.3 miArgyle Street, Close to City Campus, Sunderland, SR24
£3,50003/250.31 mi-3
£1,12609/240.34 miAlice Street, Thornhill, Sunderland, SR24
£1,41009/240.34 miRosedale Street, Sunderland, SR15
£1,30009/240.35 mi-4
£1,40009/240.35 mi-4
£1,30009/240.35 miBriery Vale Road, Sunderland4
£95003/250.39 mi-3
£87502/250.45 mi-3
£87511/240.46 mi-3
£87509/240.46 miGeneral Graham Street, Sunderland3
£85009/240.49 mi-3
£75009/240.53 miGeneral Graham Street, Sunderland, Tyne and Wear, SR44
£90009/240.54 miHylton Road, Sunderland, SR44
£90009/240.54 miHylton Road, Sunderland, SR44
£85009/240.57 miOrmonde Street, Barnes, Sunderland, SR44
£1,75009/240.59 miHylton Road, Nr City Campus, SUNDERLAND, SR45
£80011/230.59 mi-3
£85012/240.59 mi-3
£85003/250.59 mi-3
£55009/240.61 miMowbray Close, Sunderland7
£72509/240.61 miCromwell Street, Sunderland, SR43

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Price changed to £460,000

December 4, 2024

Listed for £499,950

May 31, 2024

Floor Plans

Description

  • Semi Detached House +
  • 5 Bedrooms +
  • 4 Reception Rooms +
  • Exceptional Opportunity +
  • No Chain Involved +
  • Double Garage & Gardens +
  • Viewing Advised +
  • EPC Rating: E +

We are delighted to welcome to the market this exceptional opportunity to purchase a grand, extended Edwardian bay fronted 5 bed, three-storey semi detached house that commands a highly sought after location on the private and gated Beresford Park in leafy Thornhill that provides convenient access to Sunderland City Centre and excellent transport links to the region, well respected schools, shops and amenities. The property offers a discerning purchaser a unique chance to acquire this substantial family residence. Internally the generous yet versatile living space briefly comprises of: Entrance Hall, Lounge, Sitting Room, Dining Room, Kitchen / Breakfast Room, Utility with Butler’s Pantry, Store Room, WC / Cloak Room and to the First Floor, Landing, 4 Bedrooms, WC, Bathroom, Billiard Room and a Dressing Room to Bedroom 1. To the Second Floor is a landing, 5th Bedroom, Bathroom and Store Room. Externally the property is set on an extensive plot having a front town garden whilst to the rear is a mature garden stocked with an abundance of plants, trees, shrubs in addition to a patio area and lawn. To the rear of the garden is a gated access to the rear with hard standing parking plus access to the detached double garage. There is NO ONWARD CHAIN INVOLVED with the sale. The property is in need of some modernisation and should be viewed to fully appreciate the space, home and location on offer.

Entrance Hall - The entrance hall has two radiators, Stairs to the first floor, door access to the cellar.

Lounge - 4.18 x 6.02 to the bay (13'8" x 19'9" to the bay) - The lounge has a Bay window to the front elevation, two radiators, feature fireplace with gas fire

Sitting Room - 5.23 max x 7.50 max (17'1" max x 24'7" max) - A light and airy room having a Bay window with window seat, front facing, two radiators and an additional window to the front elevation, feature open stone fireplace

Dining Room - 5.01 max x 6.18 max (16'5" max x 20'3" max) - Rear facing Bay window, two radiators, fireplace with gas fire.

Wc / Cloak Room - Low level WC, wash hand basin

Kitchen / Breakfast Room - 4.21 x 4.53 (13'9" x 14'10" ) - The kitchen is fitted with a Range of floor and wall units, radiator, window overlooking the rear garden, stainless steel sink and drainer, gas supply to oven.

Utility - 3.24 x 2.74 (10'7" x 8'11" ) - Wall mounted gas central heated boiler, plumbed for washer, stainless steel sink

Butler’S Pantry - 3.29 x 1.37 (10'9" x 4'5") - A useful butler’s pantry / store room, sink

Storage Room - 3.03 x 3.01 (9'11" x 9'10") - Accessed from the utility, door access to the garden

First Floor - Landing

Bedroom 1 - 5.38 x 5.12 to the bay (17'7" x 16'9" to the bay) - Front facing, bay window and an additional window, feature fireplace, radiator.

Dressing Room - 2.60 x 3.66 (8'6" x 12'0") - Two windows to the front elevation, radiator, wash hand basin, built in cupboard

Bedroom 2 - 4.19 x 5.97 to the bay (13'8" x 19'7" to the bay) - Front facing, bay window, ornate feature fireplace with tiled surround and hearth, radiator

Bedroom 3 - 4.26 x 5.05 (13'11" x 16'6") - Rear facing, radiator, two storage cupboards to two alcoves, ornate feature fireplace with tiled surround and hearth

Bedroom 4 - 4.34 to the bay x 4.57 (14'2" to the bay x 14'11") - Side facing, box bay window with a window seat, radiator, built in wardrobe / cupboard and a fireplace

Wc - Low level WC, wash hand basin

Bathroom - Bath, shower cubicle, radiator and a towel radiator, sink

Billiard Room / Reception Room - 8.03 x 5.52 (26'4" x 18'1") - A generous versatile room currently used as a billiard room, three windows, two radiators, ornate feature fireplace

Second Floor - Landing

Bedroom 5 - 4.99 x 3.44 (16'4" x 11'3") - Front facing, radiator, ornate feature fireplace, two storage cupboards

Bathroom - Suite comprising of a bath, wall hung wash hand basin, radiator.

Store Room - 2.58 x 2.91 (8'5" x 9'6") - T-fall roof in part, skylight

Externally - Externally the property is set on an extensive plot having a front town garden whilst to the rear is a mature garden stocked with an abundance of plants, trees, shrubs in addition to a patio area and lawn. To the rear of the garden is a gated access to the rear with hard standing parking plus access to the detached double garage.

Double Garage - 6.01 x 5.54 (19'8" x 18'2") - A detached double garage

Tenure - We are advised by the Vendors that the property is Freehold and subject to a £10.85 per annum ground rent. Any prospective purchaser should clarify this with their Solicitor

Council Tax - The Council Tax Band is Band F

Agent Details

Michael Hodgson, Sunderland

0191 625 0998

Next Steps?

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