2 Bed Flat, Potential PLO/LOA, Sunderland, SR2 0NZ, £75,000

Beechbrooke, Ryhope, Sunderland, Tyne and Wear, SR2 0NZ - 4 views - 8 months ago

Leasehold
Negative Equity
ROI: 5%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£37K - £153K
Sold Prices/m²£592/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£91,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£475 - £750

Rent Estimate

£436

Running Costs/mo

£342

Cashflow/mo

£94

Cashflow/yr

£1,133

ROI

5%

Gross Yield

7%

Local Sold Prices

38 sold prices from £37K to £153K, average is £80.4K. £592/m² to £2.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£85K12/220 mi76, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£76.5K05/230.01 mi77, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£91K08/230.01 mi60, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85.5K08/210.01 mi57, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85K12/220.01 mi63, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£100K12/220.04 mi85, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£55.2K01/230.57 mi20, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YZ2
£65K01/230.64 mi16, Padstow Close, Sunderland, Tyne And Wear SR2 0YP2
£80K11/200.77 mi12, Skipsea View, Sunderland, Tyne And Wear SR2 0BX2
£87K11/201.3 mi127, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ2
£82K12/201.31 mi39a, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£76K05/231.31 mi39, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£37K03/231.44 mi42, Blind Lane, Sunderland, Tyne And Wear SR3 1AS2
£149.9K08/211.46 mi4, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£153K09/221.46 mi2, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£70K10/201.5 mi44, Ravelston Close, Sunderland, Tyne And Wear SR3 2PL2
£78K12/221.83 mi34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80.8K04/231.83 mi27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£88K01/211.83 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80K03/231.83 mi5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£82K06/231.83 mi50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£117K09/211.88 mi1, Mappleton Drive, Seaham, County Durham SR7 7DY2
£135K11/231.88 mi8, Mappleton Drive, Seaham, County Durham SR7 7DY2
£140K03/231.88 mi52, Mappleton Drive, Seaham, County Durham SR7 7DY2
£129.9K10/221.88 mi53, Mappleton Drive, Seaham, County Durham SR7 7DY2
£71.5K10/211.89 mi7, Dovedale Court, Seaham, Durham SR7 0HL2
£71.5K10/211.91 mi7, Dovedale Court, Seaham, Durham SR7 0HL2
£45K12/201.91 mi15, Dovedale Court, Seaham, Durham SR7 0HL2
£68K08/221.91 mi2, Dovedale Court, Seaham, County Durham SR7 0HL2
£65K02/221.91 mi16, Dovedale Court, Seaham, County Durham SR7 0HL2
£72K07/221.91 mi15, Dovedale Court, Seaham, County Durham SR7 0HL2
£58.5K09/211.91 mi20, Dovedale Court, Seaham, Durham SR7 0HL2
£90K09/221.93 mi2, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£63.5K10/221.93 mi10, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£92K12/201.93 mi12, Priestsfield Close, Sunderland, Tyne And Wear SR3 2SF2
£76K08/211.95 mi36, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£53.5K09/232 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/202 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2

Local Rents

10 rents from £475/mo to £750/mo, average is £590/mo.

RentDateDistanceAddressBeds 
£59509/240.02 miBeechbrooke, Ryhope, Sunderland2
£70009/240.13 miDinsdale Street, Sunderland, Tyne and Wear, SR22
£60007/240.17 mi-2
£58502/250.2 mi-2
£75004/250.31 mi-2
£47510/230.52 mi-2
£47508/240.52 mi-2
£59509/240.59 miTrevarren Drive, Sunderland2
£52508/230.66 mi-2
£50003/250.75 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

3.25 miles away

Nearest school

0.10 miles away

Nearest train station

2.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £75,000

-47%

August 28, 2024

Sold for £110,000

2007

Sold for £88,995

2004

Floor Plans

Description

  • 2 bedroom ground floor apartment +
  • Tenant in Situ - £6960 per annum +
  • Allocated parking +
  • Own private access +

SPACIOUS GROUND FLOOR APARTMENT | TWO BEDROOMS | TWO BATHROOMS | OPEN PLAN LOUNGE / DINING ROOM | COMMUNAL GARDENS | ALLOCATED PARKING | WELL PRESENTED |

Pattinson Estate Agents are delighted to offer to the market this Ground Floor Two Bedroom, Two Bathroom Apartment with Allocated Parking on the ever popular Beechbrooke, Ryhope, Sunderland.
Ideally located for an array of schools, walking distance to local amenities, Ryhope Village with unspoilt views overlooking Meadow Park. Excellent local transport links to Sunderland City Centre and Surrounding area's. Road links to A1, A19 to the South and Much of the North East.

Briefly comprising: Private Entrance/Hallway, Lounge / Dining Room, Kitchen, Master Bedroom with Ensuite, Bedroom Two and the Family Bathroom. Externally to the front lies the well maintained communal Gardens and to the rear the is a further well maintained communal Gardens and an Allocated Parking Space directly behind the Apartment.

Properties in this location and specification are extremely popular and an early viewing is essential.

The property is currently rented via Pattinson until April 2025 and achieving £580.00 pcm

To request a viewing please call PATTINSON SUNDERLAND: or email:

Council Tax Band: B
Tenure: Leasehold

Agent Details

Pattinson Estate Agents, Sunderland

0191 625 0848

Next Steps?

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