2 Bed Terraced House, Single Let, Sunderland, SR4 7DZ, £79,950

Lumley Street, Millfield, Sunderland, Tyne and Wear, SR4 7DZ - 1 views - 8 months ago

Under Offer
BTL
ROI: 6%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£45.5K - £133K
Sold Prices/m²£613/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£78,936

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£5,198

Total Cash In

£25,185

 

 

Cash Out

 

Rent Range

£450 - £1,995

Rent Estimate

£499

Running Costs/mo

£370

Cashflow/mo

£129

Cashflow/yr

£1,552

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £45.5K to £133K, average is £80K. £613/m² to £2.4K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£53K02/210.02 mi4, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£66K01/210.02 mi1, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£63K02/240.02 mi27, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£53K02/210.03 mi5, Offerton Street, Sunderland, Tyne And Wear SR4 7EA2
£60K05/210.08 mi12, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£59.5K10/200.08 mi32, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£55K01/240.08 mi22, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£68K02/210.09 mi69, Hylton Street, Sunderland, Tyne And Wear SR4 7DG2
£74K01/240.1 mi1, Rokeby Street, Sunderland, Tyne And Wear SR4 7EQ2
£71.5K10/210.14 mi39, Chester Mews, Sunderland, Tyne And Wear SR4 7HX2
£65K05/210.16 mi32, Chester Terrace North, Sunderland, Tyne And Wear SR4 7AP2
£90K04/240.19 mi23, Harlow Street, Sunderland, Tyne And Wear SR4 7AR2
£90K10/230.2 mi23, Howarth Street, Sunderland, Tyne And Wear SR4 7UT2
£86K03/220.2 mi8, Chester Crescent, Sunderland, Tyne And Wear SR1 3SH2
£86K09/230.2 mi13, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£93.6K09/210.2 mi10, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£92K08/230.22 mi28, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£121K06/230.22 mi23, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£92K08/230.22 mi3, Vale Street, Sunderland, Tyne And Wear SR4 7NB2
£110K07/220.22 mi15, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£105K09/230.24 mi12, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£105K09/230.24 mi11, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£96K05/210.24 mi22, Ingleby Terrace, Sunderland, Tyne And Wear SR4 7NF2
£80K02/210.26 mi3, Beachville Street, Sunderland, Tyne And Wear SR4 7NA2
£75K12/210.26 mi28, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£123K06/230.26 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£78K12/200.26 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£45.5K03/210.26 mi14, Ailesbury Street, Sunderland, Tyne And Wear SR4 6EW2
£80K08/210.27 mi8, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£75K02/210.29 mi30, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£65K06/230.29 mi33, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£62.5K12/200.29 mi28, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£60.5K02/230.29 mi31, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£97K05/230.29 mi12, Hume Street, Sunderland, Tyne And Wear SR4 6HU2
£70K10/220.3 mi10, Wharncliffe Street, Sunderland, Tyne And Wear SR1 3RG2
£120K11/230.31 mi28, Queens Crescent, Sunderland, Tyne And Wear SR4 7JN2
£129.5K08/210.32 mi9, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ2
£80K02/210.34 mi7, Walpole Court, Sunderland, Tyne And Wear SR4 6JH2
£95K08/210.34 mi115, Flint Road, Sunderland, Tyne And Wear SR4 6EG2
£112.5K05/230.35 mi13, Greta Terrace, Sunderland, Tyne And Wear SR4 7RD2
£64.6K01/210.36 mi34, Milburn Street, Sunderland, Tyne And Wear SR4 6AX2
£69K05/220.36 mi25, Gillhurst Grange, Sunderland, Tyne And Wear SR1 3QN2
£93K07/230.37 mi51, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£106K09/230.37 mi58, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£74K01/240.37 mi11, Dryborough Street, Sunderland, Tyne And Wear SR4 6BL2
£133K08/230.37 mi23, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£120K05/230.37 mi29, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£130K08/210.37 mi20, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£115K12/200.37 mi2, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£76K11/230.38 mi10, Violet Street, Sunderland, Tyne And Wear SR4 6AE2

Local Rents

42 rents from £450/mo to £2K/mo, average is £698/mo.

RentDateDistanceAddressBeds 
£65004/250.02 mi-2
£77503/250.15 mi-2
£65009/240.17 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£79509/240.18 mi-2
£60010/230.22 mi-2
£52509/240.28 miPickard Street, Millfield, Sunderland2
£67509/240.28 mi-2
£75009/240.29 miSummerhill, Thornhill, Sunderland, SR22
£59501/250.31 mi-2
£75009/240.32 mi-2
£75002/250.32 mi-2
£68511/240.33 mi-2
£68511/240.33 mi-2
£75003/250.34 mi-2
£1,99501/250.35 mi-2
£85009/240.35 mi-2
£75009/240.36 miLeopold House, Albert Court, Sunderland, SR22
£69509/240.37 miAlbert Court, Royal Courts, Sunderland2
£65009/240.39 miKings Terrace, Sunderland, Tyne and Wear, SR42
£65008/240.41 mi-2
£75008/240.42 mi-2
£75012/240.49 mi-2
£67509/240.49 miPallion Road, Sunderland, Tyne And Wear, SR42
£65009/240.49 miHighfield Place, Pallion, Sunderland2
£71501/250.5 mi-2
£85003/250.5 mi-2
£80010/240.5 mi-2
£59509/240.51 mi-2
£52504/250.52 mi-2
£1,10002/250.53 mi-2
£69504/250.53 mi-2
£47509/240.54 mi-2
£49503/250.54 mi-2
£87512/240.58 mi-2
£62503/250.58 mi-2
£70009/240.58 mi-2
£70010/240.59 mi-2
£70009/240.6 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£59502/250.61 mi-2
£45009/240.61 miArgyle Street, City Centre, Sunderland2
£70003/250.62 mi-2
£75009/240.62 miArgyle Square, Sunderland, SR22

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.70 miles away

Nearest school

0.40 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £79,950

September 10, 2024

Description

  • 2 BEDROOMS +
  • TERRACED COTTAGE +
  • TENANTED SOLD WITH OR WITHOUT +
  • REAR YARD +
  • POPULAR AREA +
  • GCH / DBL GLZ +

Dowen proudly presents a charming two-bedroom terraced cottage in the sought-after Millfield area, ideally positioned near local amenities, excellent transport links, and Sunderland Royal Hospital. This property is currently tenanted, offering the flexibility to be sold with or without the tenant in situ, making it a seamless investment opportunity for buy-to-let buyers.  The home features an inviting entrance hallway leading to a spacious front bedroom and a comfortable lounge. A second bedroom offers additional living space. The well-appointed kitchen connects to a rear lobby and a modern three-piece bathroom suite. The property benefits from gas central heating (GCH) and double glazing (DBL GLZ) throughout, ensuring comfort and efficiency. Outside, a private enclosed yard adds outdoor space.  To learn more or arrange a viewing, please contact Dowen at .

Agent Details

Dowen, Sunderland

0191 625 0868

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪