3 Bed Terraced House, Refurb/BRRR, Sunderland, SR4 7SD, £85,000

Guisborough Street, High Barnes, Sunderland, SR4 7SD - 4 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 8%
~90 m²
+7 photos

ValuationUndervalued

Sold Prices£105K - £325K
Sold Prices/m²£946/m² - £2.4K/m²

 

 

Square Metres

~90.40 m²
Price/m²£940/m²

Value Estimate

£113,300
BMV3%

 

 

End Value (After Refurb)

£129,947

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£34,690

Bridging Loan Interest

£2,231

Total Cash In

£64,421

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£129,947

Mortgage (After Refinance)

£97,460

Mortgage LTV

75%

Cash Released

£33,710

Cash Left In

£30,711

Equity

£32,487

Rent Range

£700 - £2,500

Rent Estimate

£1,100

Running Costs/mo

£646

Cashflow/mo

£454

Cashflow/yr

£5,447

ROI

8%

Gross Yield

16%

Local Sold Prices

50 sold prices from £105K to £325K, average is £147.5K. £946/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£145K08/210.05 mi31, Farnham Terrace, Sunderland, Tyne And Wear SR4 7SB3
£162K06/230.05 mi33, Farnham Terrace, Sunderland, Tyne And Wear SR4 7SB3
£122K02/210.07 mi8, Eastfield Street, Sunderland, Tyne And Wear SR4 7SA3
£105K11/230.09 mi236, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£141K08/210.09 mi255, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£139K11/200.09 mi237, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£155K08/210.09 mi232, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£150K04/240.09 mi247, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£131K04/240.09 mi226, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£136.8K04/210.09 mi241, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£140K06/210.09 mi261, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£134.9K12/200.12 mi9, Dunbar Street, Sunderland, Tyne And Wear SR4 7RZ3
£130K08/230.12 mi27, Dunbar Street, Sunderland, Tyne And Wear SR4 7RZ3
£120K05/230.13 mi82, Kitchener Street, Sunderland, Tyne And Wear SR4 7QL3
£113K12/230.15 mi41, Nora Street, Sunderland, Tyne And Wear SR4 7QW3
£235K04/230.15 mi119, Mount Road, Sunderland, Tyne And Wear SR4 7QB3
£144K02/230.16 mi50, Colchester Terrace, Sunderland, Tyne And Wear SR4 7RY3
£150K09/210.16 mi20, Colchester Terrace, Sunderland, Tyne And Wear SR4 7RY3
£115K06/230.17 mi8, Kitchener Street, Sunderland, Tyne And Wear SR4 7QJ3
£167.3K12/200.18 mi40, Westfield Grove, Sunderland, Tyne And Wear SR4 8QZ3
£218K07/230.18 mi11, Westfield Grove, Sunderland, Tyne And Wear SR4 8QZ3
£188K10/230.19 mi158, Mount Road, Sunderland, Tyne And Wear SR4 7QD3
£150K01/210.19 mi117, Mount Road, Sunderland, Tyne And Wear SR4 7QD3
£165K10/210.19 mi168, Cleveland Road, Sunderland, Tyne And Wear SR4 7PU3
£141K07/210.19 mi46, Barnard Street, Sunderland, Tyne And Wear SR4 7RX3
£118K10/230.19 mi25, Barnard Street, Sunderland, Tyne And Wear SR4 7RX3
£155K09/230.19 mi45, Barnard Street, Sunderland, Tyne And Wear SR4 7RX3
£210K11/200.2 mi15, Priory Grove, Sunderland, Tyne And Wear SR4 7SX3
£116K09/230.22 mi19, Abingdon Street, Sunderland, Tyne And Wear SR4 7RU3
£116K11/210.22 mi13, Abingdon Street, Sunderland, Tyne And Wear SR4 7RU3
£128K05/210.22 mi24, Abingdon Street, Sunderland, Tyne And Wear SR4 7RU3
£106K02/210.22 mi25, Abingdon Street, Sunderland, Tyne And Wear SR4 7RU3
£127.5K01/240.22 mi23, Abingdon Street, Sunderland, Tyne And Wear SR4 7RU3
£155K01/230.23 mi183, Cleveland Road, Sunderland, Tyne And Wear SR4 7PS3
£129.9K05/210.23 mi154, Cleveland Road, Sunderland, Tyne And Wear SR4 7PS3
£110K03/210.23 mi169, Cleveland Road, Sunderland, Tyne And Wear SR4 7PS3
£299.9K03/240.23 mi2, Woodville Crescent, Sunderland, Tyne And Wear SR4 8RD3
£225K11/210.25 mi17, Ewesley Road, Sunderland, Tyne And Wear SR4 7RJ3
£144K12/200.25 mi17, Ewesley Road, Sunderland, Tyne And Wear SR4 7RJ3
£175K06/210.25 mi23, Ewesley Road, Sunderland, Tyne And Wear SR4 7RJ3
£218K01/230.27 mi38, Ewesley Road, Sunderland, Tyne And Wear SR4 7PR3
£164.9K01/210.27 mi85, Mount Road, Sunderland, Tyne And Wear SR4 7QF3
£176.5K04/240.27 mi49, Mount Road, Sunderland, Tyne And Wear SR4 7QF3
£210K01/230.29 mi5, Winston Crescent, Sunderland, Tyne And Wear SR4 8RH3
£185K11/210.3 mi10, Angrove Gardens, Sunderland, Tyne And Wear SR4 7TB3
£157.5K02/210.3 mi2, Angrove Gardens, Sunderland, Tyne And Wear SR4 7TB3
£195K06/210.3 mi42, Ewesley Road, Sunderland, Tyne And Wear SR4 7PR3
£150K10/230.31 mi48, Henderson Road, Sunderland, Tyne And Wear SR4 7ST3
£325K03/240.31 mi24, Barnes View, Sunderland, Tyne And Wear SR4 7PZ3
£129.9K02/210.31 mi29, Ormonde Street, Sunderland, Tyne And Wear SR4 7PH3

Local Rents

16 rents from £700/mo to £2.5K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£1,95009/240.11 mi-3
£1,95001/250.11 mi-3
£2,30003/250.11 mi-3
£1,00009/240.19 miMount Road, High Barnes, Sunderland3
£2,35003/250.25 mi-3
£1,35002/250.25 mi-3
£2,50002/250.4 mi-3
£87509/240.45 miGeneral Graham Street, Sunderland3
£87511/240.46 mi-3
£87502/250.46 mi-3
£77509/240.49 miHaydon Square3
£89509/240.54 miHazledene Terrace, Pallion, Sunderland, Tyne and Wear, SR4 6NA3
£89503/250.56 mi-3
£85009/240.57 mi-3
£70009/240.57 miBlackett Terrace, Millfield, Sunderland3
£87509/240.61 miHevingham Close, Havelock Park, Sunderland, Tyne and Wear, SR43

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.38 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 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 £85,000

February 16, 2025

Listed for £110,000

September 13, 2024

Floor Plans

Description

  • Spacious Mid Terraced Cottage +
  • Two/Three Bedroom +
  • Situated On Guisborough Street, One Of The Ever Popular ‘ABC Streets’ In High Barnes +
  • Accommodation All On One Level +
  • Spacious Kitchen +
  • Benefitting From Double Glazing +
  • Heated Via Electric Storage Heaters +
  • Paved Courtyard To The Rear +
  • No Upper Chain +
  • Viewing Is Highly Recommended! +

A spacious two / three bedroom mid terrace, double fronted cottage, situated on Guisborough Street, one of the ever popular ‘ABC Streets’ in High Barnes. Internally the accommodation is all on one level and includes an entrance vestibule, hall, lounge, a spacious kitchen, bathroom and three bedrooms (one could be used as a reception room if required. The property benefits from double glazing and is heated via a electric storage heaters). Externally there is a paved courtyard to the rear. This convenient location is ideal for local amenities, shopping facilities, schools, Sunderland Royal Hospital and provides excellent transport connections. The property requires general updating and modernisation but it has been sensibly priced to reflect this, with no upper chain involved and immediate vacant possession, early viewing is highly recommended!!

Ground Floor - Access via double glazed entrance door to

Entrance Vestibule - There is an inner double glazed door to the hall.

Hallway - With an electric storage heater.

Lounge - 4.60 x 4.21 into alcove (15'1" x 13'9" into alcov - Double glazed window to the rear and an electric storage heater. There is a door connecting through to the kitchen.

Kitchen - 5.14 x 3.32 (16'10" x 10'10" ) - This spacious kitchen is fitted with wall and base units with work surfaces over incorporating a sink and drainer unit, space has been provided for the inclusion of a cooker, fridge freezer and a washing machine. There is a double glazed window to the side, double glazed door to the yard and an internal door to the bathroom.

Bathroom - With a pedestal wash hand basin and panel bath with electric shower over, there is an electric storage heater, double glazed window and a door to the WC.

Wc - With a fitted WC and double glazed window.

Bedroom 1/Reception Room 2 - 5.15 into bay x 3.62 into alcove (16'10" into bay - This versatile room can be utilised as a bedroom or an additional reception room, there is a double glazed bay window to the front, an electric storage heater and decorative coving and plaster work to the ceiling.

Bedroom 2 - 4.58 x 3m into alcove (15'0" x 9'10" into alcove - Double glazed window to the rear and an electric storage heater.

Bedroom 3 - 4.36 x 2.02 (14'3" x 6'7") - Double glazed window to the front, electric storage heater and a built in cupboard.

Outside - There is a small forecourt area to the front and a paved courtyard to the rear.

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

Council Tax Band - The Council Tax Band is Band B.

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.

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

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

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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