5 Bed HMO, Sunderland, SR4 7RH, £160,000

Chester Road, Sunderland, Tyne and Wear, SR4 7RH - 10 views - 9 months ago

HMO
ROI: 23%
~178 m²
+8 photos

ValuationUndervalued

Sold Prices£41K - £710K
Sold Prices/m²£855/m² - £2.5K/m²

 

 

Square Metres

~178.28 m²
Price/m²£897/m²

Value Estimate

£200,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Room Rate

£498

Gross Rent

£2,490

Running Costs/mo

£1,543

Cashflow/mo

£947

Cashflow/yr

£11,366

ROI

23%

Gross Yield

19%

Local Sold Prices

30 sold prices from £41K to £710K, average is £275K. £855/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£240K12/200.14 mi19, The Westlands, Sunderland, Tyne And Wear SR4 7RN5
£160K01/210.36 mi271, Cleveland Road, Sunderland, Tyne And Wear SR4 7QT5
£247.5K12/200.59 mi2, Beechwood Terrace, Sunderland, Tyne And Wear SR2 7LX5
£275K05/230.65 mi118, Durham Road, Sunderland, Tyne And Wear SR3 4AJ5
£625K08/210.7 mi3, Bede Brook, Sunderland, Tyne And Wear SR3 1LH5
£372K03/210.71 mi7, Granby Close, Sunderland, Tyne And Wear SR3 1XG5
£105K07/230.73 mi26, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP5
£225K02/230.75 mi33, Southmayne Road, Sunderland, Tyne And Wear SR4 8QU5
£235K02/210.81 mi18, Thornhill Gardens, Sunderland, Tyne And Wear SR2 7LD5
£295K03/210.84 mi8, Belle Vue Park, Sunderland, Tyne And Wear SR2 7SA5
£287.5K04/210.98 mi107, Tunstall Road, Sunderland, Tyne And Wear SR2 9BA5
£325K06/210.99 mi137, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9BU5
£310K07/231 mi9, Brixham Gardens, Sunderland, Tyne And Wear SR3 1LY5
£375K10/211.01 mi14, Grange Crescent, Sunderland, Tyne And Wear SR2 7BN5
£325K09/231.11 mi3, Corby Hall Drive, Sunderland, Tyne And Wear SR2 7HZ5
£710K09/221.23 mi88, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9HW5
£117K11/211.44 mi18, Bond Close, Sunderland, Tyne And Wear SR5 1ES5
£334.9K09/231.45 mi1, Belford Road, Sunderland, Tyne And Wear SR2 7TJ5
£41K05/211.46 mi37, Athol Road, Sunderland, Tyne And Wear SR2 8LQ5
£292.5K03/211.48 mi1, Cedars Crescent, Sunderland, Tyne And Wear SR2 7SY5
£105K03/211.49 mi99, Gray Road, Sunderland, Tyne And Wear SR2 8BJ5
£267K04/211.56 mi5, Floral Dene, Sunderland, Tyne And Wear SR4 0NW5
£230K07/231.64 mi1, Ski View, Sunderland, Tyne And Wear SR3 1NW5
£255K10/211.68 mi89, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ5
£497.5K10/201.71 mi63, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY5
£240K04/231.71 mi18, Southside Gardens, Sunderland, Tyne And Wear SR4 0NP5
£275K03/211.83 mi1, Cavalier Way, Sunderland, Tyne And Wear SR3 1DJ5
£275K06/211.85 mi26, Bracknell Close, Sunderland, Tyne And Wear SR3 2DE5
£163K03/231.95 mi34, Brandling Street, Sunderland, Tyne And Wear SR6 0LP5
£308K02/211.98 mi164, Newcastle Road, Sunderland, Tyne And Wear SR5 1NW5

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.41 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £160,000

March 28, 2025

Price changed to £170,000

December 4, 2024

Listed for £160,000

July 26, 2024

Floor Plans

Description

  • Excellent Investment Opportunity +
  • Five Bedrooms +
  • Space for Two En Suites +
  • Garage +
  • EPC Grade G +
  • Sunderland City Council, Tax Band B +

The sizable property will be popular with a wide range of buyers. The property has undergone some renovations and offers a blank canvas to create a fantastic space for a family or conversion to a hmo subject to the relevant licensing. Positioned on the corner of Chester Road opposite Sunderland Royal Hospital, the property is ideally located for access to local amenities.

The ground floor accommodation comprises entrance hall, lounge with feature bay window, dining room, kitchen, space for a shower room & utility room. The utility room give access to the attached garage to the rear.

To the first floor there is a bedroom off the half landing as well as space intended to be a bathroom and separate w/c, there is two further bedrooms from the main landing the principle bedroom having space for an en suite shower/bathroom.

To the second floor there is two double bedrooms the primary bedroom also has a room created with the intention of creating another en suite bath/shower room.

Externally there is a small yard to the side of the property and attached garage to the rear.

Freehold

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SUN240429/2

Agent Details

YOUR MOVE Chris Stonock, Sunderland

0191 625 0175

Next Steps?

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