3 Bed Terraced House, Motivated Seller, Sunderland, SR5 1EJ, £75,000

Southwick Road, Sunderland, Tyne and Wear, SR5 1EJ - 7 months ago

Motivated
BTL
ROI: 14%
~86 m²
+12 photos

ValuationUndervalued

Sold Prices£59K - £275K
Sold Prices/m²£652/m² - £2.9K/m²

 

 

Square Metres

~86 m²
Price/m²£872/m²

Value Estimate

£93,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£595 - £1,950

Rent Estimate

£674

Running Costs/mo

£389

Cashflow/mo

£285

Cashflow/yr

£3,418

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £59K to £275K, average is £135K. £652/m² to £2.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£75K10/200.12 mi15, Bond Close, Sunderland, Tyne And Wear SR5 1ES3
£115K08/210.15 mi57, Devonshire Street, Sunderland, Tyne And Wear SR5 1DP3
£165K12/220.16 mi120, Eglinton Street, Sunderland, Tyne And Wear SR5 1DX3
£115K09/230.17 mi51, Warwick Street, Sunderland, Tyne And Wear SR5 1DL3
£130K06/210.19 mi6, Netherburn Road, Sunderland, Tyne And Wear SR5 1LN3
£169.9K04/230.19 mi13, Netherburn Road, Sunderland, Tyne And Wear SR5 1LN3
£125K10/200.19 mi6, Netherburn Road, Sunderland, Tyne And Wear SR5 1LN3
£120K05/230.2 mi55, Newcastle Road, Sunderland, Tyne And Wear SR5 1JB3
£98K12/200.2 mi61, Newcastle Road, Sunderland, Tyne And Wear SR5 1JB3
£59K12/230.21 mi1, Finsbury Street, Sunderland, Tyne And Wear SR5 1HL3
£85K06/230.22 mi33, Newcastle Road, Sunderland, Tyne And Wear SR5 1JA3
£144.9K06/210.23 mi20, Newbold Avenue, Sunderland, Tyne And Wear SR5 1LG3
£144K01/240.23 mi15, Newbold Avenue, Sunderland, Tyne And Wear SR5 1LG3
£129.9K12/200.36 mi33, Edgeworth Crescent, Sunderland, Tyne And Wear SR6 9SE3
£225K04/230.37 mi106, Newcastle Road, Sunderland, Tyne And Wear SR5 1JL3
£148K04/210.38 mi2, Wearmouth Drive, Sunderland, Tyne And Wear SR5 1LX3
£161K08/230.38 mi20, Wearmouth Avenue, Sunderland, Tyne And Wear SR5 1LY3
£159.9K08/210.38 mi3, Burscough Crescent, Sunderland, Tyne And Wear SR6 9SF3
£130K10/230.38 mi11, Burscough Crescent, Sunderland, Tyne And Wear SR6 9SF3
£132K08/230.39 mi17, Fairlands West, Sunderland, Tyne And Wear SR6 9QY3
£125K04/230.39 mi30, Fairlands West, Sunderland, Tyne And Wear SR6 9QY3
£125K10/210.4 mi19, Fulwell Road, Sunderland, Tyne And Wear SR6 0JB3
£195K05/210.41 mi31, Nawton Avenue, Sunderland, Tyne And Wear SR5 1JP3
£275K04/230.41 mi147, Newcastle Road, Sunderland, Tyne And Wear SR5 1JN3
£128K08/210.42 mi26, Fairlands East, Sunderland, Tyne And Wear SR6 9QX3
£125K02/240.42 mi35, Fairlands East, Sunderland, Tyne And Wear SR6 9QX3
£168K11/230.42 mi49, Howick Park, Sunderland, Tyne And Wear SR6 0AQ3
£60K04/230.43 mi86, Edward Burdis Street, Sunderland, Tyne And Wear SR5 2RU3
£92K07/230.44 mi106, Gladstone Street, Sunderland, Tyne And Wear SR6 0JA3
£94K03/210.44 mi47, Gladstone Street, Sunderland, Tyne And Wear SR6 0HZ3
£150K01/230.44 mi102, Howick Park, Sunderland, Tyne And Wear SR6 0DE3
£160K03/230.45 mi116, Fulwell Road, Sunderland, Tyne And Wear SR6 9QR3
£185K08/230.45 mi19, Inverness Street, Sunderland, Tyne And Wear SR6 9RU3
£190K02/230.45 mi103, Howick Park, Sunderland, Tyne And Wear SR6 0DE3
£194K06/240.48 mi6, Roker Baths Road, Sunderland, Tyne And Wear SR6 9QE3
£155K02/230.48 mi5, Roker Baths Road, Sunderland, Tyne And Wear SR6 9QE3
£134K03/230.48 mi24, Cardwell Street, Sunderland, Tyne And Wear SR6 0JG3
£107K05/210.5 mi39, Roker Avenue, Sunderland, Tyne And Wear SR6 0HX3
£136K06/240.51 mi16, Stranton Terrace, Sunderland, Tyne And Wear SR6 9QL3
£120K01/240.51 mi15, Stranton Terrace, Sunderland, Tyne And Wear SR6 9QL3
£159.9K03/210.51 mi39, Inverness Street, Sunderland, Tyne And Wear SR6 9RT3
£78K01/210.52 mi67, Thompson Road, Sunderland, Tyne And Wear SR5 2JJ3
£215K12/200.53 mi36, Grange Park Avenue, Sunderland, Tyne And Wear SR5 1NS3
£232.5K06/210.53 mi31, Grange Park Avenue, Sunderland, Tyne And Wear SR5 1NS3
£165K01/230.53 mi43, Duke Street North, Sunderland, Tyne And Wear SR6 9RD3
£92.1K02/240.54 mi32, Whickham Street, Sunderland, Tyne And Wear SR6 0EB3
£159.9K06/230.55 mi42, Stansfield Street, Sunderland, Tyne And Wear SR6 0JY3
£140K10/230.55 mi50, Stansfield Street, Sunderland, Tyne And Wear SR6 0JY3
£140K02/210.55 mi32, Stansfield Street, Sunderland, Tyne And Wear SR6 0JY3
£128K12/230.55 mi21, Stansfield Street, Sunderland, Tyne And Wear SR6 0JY3

Local Rents

14 rents from £595/mo to £1.9K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£75009/240.15 miDevonshire Street, Monkwearmouth3
£85009/240.19 miWarwick Street, Sunderland, Tyne and Wear, SR53
£1,95009/240.19 mi-3
£1,95010/240.19 mi-3
£1,95010/240.19 mi-3
£70012/240.32 mi-3
£70012/240.32 mi-3
£99509/240.37 miNewcastle Road, Sunderland, SR53
£76512/240.42 mi-3
£59512/240.46 mi-3
£89503/250.47 mi-3
£79509/240.51 miSandringham Road, Sunderland, Tyne and Wear, SR6 9QZ3
£92501/250.59 mi-3
£1,43009/240.6 miEcho Building, City Centre, Sunderland, SR13

Local Area Statistics

Population in SR5

34,580

Population in Sunderland

183,740

Town centre distance

1.53 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Price changed to £75,000

December 24, 2024

Price changed to £77,000

December 14, 2024

Price changed to £80,000

December 4, 2024

Listed for £90,000

September 3, 2024

Floor Plans

Description

  • Freehold +
  • Council Tax Band A +
  • Three Bedrooms, Terraced House +
  • New Roof And Patio Doors +
  • New Roof And Patio Doors +
  • Fully Boarded Loft +
  • New Boiler (Three Years Old) +
  • Close To Local Amenities +
  • Convenient Location, Transport Links Locally and Further Afield +
  • Viewing Highly Advised +

Situated in the heart of Sunderland, this mid terrace home is ready for someone to come and put their own stamp on. Offering two reception rooms and a rear yard, this is the perfect family home.

This Terraced home is located in Sunderland with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a lounge, a dining room, a fitted kitchen and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

To the first floor is an inviting landing area through to three well-proportioned bedrooms.

Externally, the property benefits from a rear yard.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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