2 Bed Terraced House, Single Let, Sunderland, SR2 9RS, £80,000

Ryhope Road, Grangetown, Sunderland, SR2 9RS - 3 views - 9 months ago

Sold STC
Auction
BTL
ROI: 6%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£30K - £182K
Sold Prices/m²£407/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£79,867

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£525 - £765

Rent Estimate

£480

Running Costs/mo

£366

Cashflow/mo

£114

Cashflow/yr

£1,368

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £30K to £182K, average is £100.5K. £407/m² to £2.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£88K06/230.05 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£85K12/220.06 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£75K06/210.07 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£85K02/210.08 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£73.5K01/210.11 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£75K06/210.12 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£132.5K06/230.17 mi7, Ayton Avenue, Sunderland, Tyne And Wear SR2 9SN2
£115K12/210.24 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2
£120K02/210.31 mi24, Irene Avenue, Sunderland, Tyne And Wear SR2 9SZ2
£137.5K08/230.35 mi40, Joan Avenue, Sunderland, Tyne And Wear SR2 9TA2
£182K01/210.36 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£150K02/210.37 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£165.8K08/210.38 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£120.7K11/200.38 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£128K06/230.39 mi3, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£128K02/210.39 mi22, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£113.4K05/210.39 mi3, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£141.5K02/210.39 mi24, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£128K02/210.39 mi22, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£34K04/230.41 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.41 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£153K11/200.42 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£37.5K12/200.49 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.49 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£48K03/210.51 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.51 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£49K12/220.52 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£115K07/230.52 mi11, Hereford Court, Sunderland, Tyne And Wear SR2 9LD2
£108K07/210.53 mi69, Lynthorpe, Sunderland, Tyne And Wear SR2 0EU2
£95K03/230.53 mi148, Leechmere Road, Sunderland, Tyne And Wear SR2 9JE2
£118.5K04/210.56 mi25, Lyngrove, Sunderland, Tyne And Wear SR2 0EX2
£95K03/230.56 mi15, Lyngrove, Sunderland, Tyne And Wear SR2 0EX2
£33K04/230.59 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£106K04/210.59 mi160, Leechmere Road, Sunderland, Tyne And Wear SR2 9JE2
£45K03/210.6 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.6 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.6 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£110K07/230.64 mi45, Helvellyn Road, Sunderland, Tyne And Wear SR2 9JJ2
£108.5K10/200.64 mi37, Hollycarrside Road, Sunderland, Tyne And Wear SR2 0ED2
£45K04/230.67 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£50K01/230.68 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K01/230.68 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£50K07/230.68 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£139.9K02/230.68 mi4, Westray Close, Ryhope, Sunderland, Tyne And Wear SR2 0TD2
£38K01/210.69 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£135K03/210.7 mi9, Ronaldsay Close, Ryhope, Sunderland, Tyne And Wear SR2 0TF2
£112K02/230.74 mi24, Linskell, Sunderland, Tyne And Wear SR2 0EP2
£130K01/230.75 mi7, Larkhill, Sunderland, Tyne And Wear SR2 0DF2
£112.3K09/210.76 mi7, Larkhill, Sunderland, Tyne And Wear SR2 0DF2
£64K06/210.85 mi18, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2

Local Rents

10 rents from £525/mo to £765/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£65009/240.05 miOcean Road South, Grangetown2
£65001/250.09 mi-2
£59509/240.36 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£60009/240.53 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£55003/250.57 mi-2
£65503/250.57 mi-2
£52508/240.59 mi-2
£53504/250.6 mi-2
£76509/240.62 miSaint Leonard Street, Sunderland, SR22
£75009/240.62 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.45 miles away

Nearest school

0.30 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £80,000

August 6, 2024

Description

  • Impressive Mid Terraced Dormer Cottage +
  • For Sale By Online Auction +
  • 2 Spacious Reception Rooms +
  • 2 Bedrooms +
  • Provides A Deceptively Spacious Accommodation +
  • Fabulous Kitchen/Diner +
  • Well Proportioned Bedrooms +
  • UPVC Double Glazing And Gas Central Heating +
  • Off Street Parking +
  • Ideal Location! +

For Sale by Modern Method of Auction; Starting Bid Price £90,000 plus reservation Fee. An impressive two bedroom, two reception room mid terrace dormer cottage, providing deceptively spacious accommodation. The attractive internal accommodation on the ground floor includes an entrance vestibule, hall, two spacious reception rooms, a fabulous kitchen / diner, a useful utility and a superb, contemporary bathroom/wc. On the first floor there are two well-proportioned bedrooms. Benefits of the property include UPVC double glazing, gas central heating and a courtyard to the rear with remote control roller shutter access door. The property is situated in the popular residential area of Grangetown, ideally located for local amenities, as well as offering excellent transport links to Sunderland City Centre and road networks. Early viewing is recommended.

Ground Floor - Access via double glazed entrance door to

Entrance Vestibule - There is a door to the hall.

Hallway - With a radiator and a door to the lounge.

Lounge - 4.82 into bay x 3.58 into alcove (15'9" into bay - With a double glazed bay window to the front, a radiator, fireplace and double doors to the sitting room.

Sitting Room - 4.43 x 4.74 max measure inc staircase area and int - Spacious room with double glazed window to the rear, radiator, feature brick fireplace with stove, there is a staircase to the first floor and a door to the kitchen diner.

Kitchen/Diner - 8.05 x 2.46 (26'4" x 8'0" ) - The spacious kitchen is fitted with an excellent range of contemporary base units with wood work surfaces over incorporating a breakfast bar area and a 1 1/2 bowl sink and drainer unit, integrated appliances include an electric oven and electric hob, space has also been provided for the inclusion of a fridge freezer, there is a radiator, two double glazed windows, double glazed door to courtyard and a door connecting through to the utility.

Utility - With fitted base units with work surface over incorporating a sink unit, there is a wall mounted boiler, space provided for the inclusion of a washing machine, double glazed window and a door to the bathroom.

Bathroom - With a contemporary suite comprising a low level WC, wash hand basin set into vanity unit and a P shaped bath with shower attachment over, there is a radiator and double glazed window.

First Floor Landing - With doors leading off to the two bedrooms.

Bedroom 1 - 3.16 x 3.12 (10'4" x 10'2") - Double glazed window to the rear and a radiator.

Bedroom 2 - 3.80 x 1.88 extending to 3.13 (12'5" x 6'2" exten - Two double glazed windows to the front and a radiator.

Outside - Courtyard to the rear with a roller shutter access door and a small forecourt area to the front.

Council Tax Band - The Council Tax Band is Band A.

Tenure Freehold - We are advised by the Vendors that the property is Freehold. Any prospective purchaser should clarify this with their Solicitor.

Auction Comments - This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding.

The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £7,080 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Important Notice - Peter Heron Ltd for themselves and for the vendors of this property whose agents they are, give notice that:-
The particulars are set out for general guidance only for the intending Purchasers and do not constitute part of an offer or contract. Whilst we endeavour to make our sales particulars accurate and reliable, if there is anything of particular importance which you feel may influence your decision to purchase, please contact the office and we will be pleased to check the information. Do so particularly, if contemplating travelling some distance to view the property.
All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, however any intending purchasers should not rely on them that statements are representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Independent property size verification is recommended.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. No person in the employment of Peter Heron Ltd has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor to enter into any contract on behalf of Peter Heron Ltd, nor into any contract on behalf of the Vendor. The copyright of all details and photographs remain exclusive to Peter Heron Ltd.
Please note that in the event the purchaser uses the services of Peter Heron Conveyancing in the purchase of their home, Peter Heron Ltd will be paid a completion commission of £210.00 by Movewithus Ltd.

Fawcett Street Viewings - To arrange an appointment to view this property please contact our Fawcett Street branch on or book viewing online at peterheron.co.uk

Opening Times - Monday to Friday 9.00am - 5.00pm Saturday 9.00am - 12noon

Ombudsman - Peter Heron Estate Agents are members of The Property Ombudsman and subscribe to The Property Ombudsman Code of Practice.

Agent Details

Peter Heron Residential Sales and Lettings, Sunderland

0191 625 1058

Next Steps?

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