3 Bed Terraced House, Single Let, Sunderland, SR4 6BG, £65,000

16 Ravensworth Street, Millfield, Sunderland, SR4 6BG - 5 views - 6 months ago

Leasehold
Auction
BTL
ROI: 17%
63 m²
+4 photos

ValuationFair Value

Sold Prices£33.5K - £180K
Sold Prices/m²£284/m² - £1.9K/m²

 

 

Square Metres

63 m²
Price/m²£1K/m²

Value Estimate

£65,864

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,300

Total Cash In

£19,550

 

 

Cash Out

 

Rent Range

£700 - £3,500

Rent Estimate

£674

Running Costs/mo

£358

Cashflow/mo

£316

Cashflow/yr

£3,793

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £33.5K to £180K, average is £90K. £284/m² to £1.9K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£92K09/230.03 mi60, Ravensworth Street, Sunderland, Tyne And Wear SR4 6BG3
£85K07/210.03 mi9, Ravensworth Street, Sunderland, Tyne And Wear SR4 6BG3
£72.5K03/210.03 mi69, Ravensworth Street, Sunderland, Tyne And Wear SR4 6BG3
£100K10/230.07 mi2, St Marks Street, Sunderland, Tyne And Wear SR4 7BH3
£73.5K02/210.08 mi32, Granville Street, Sunderland, Tyne And Wear SR4 6BH3
£85K11/230.08 mi27, Granville Street, Sunderland, Tyne And Wear SR4 6BH3
£80K03/210.11 mi27, Westbury Street, Sunderland, Tyne And Wear SR4 6EF3
£87K07/210.12 mi27, Rose Street, Sunderland, Tyne And Wear SR4 6AB3
£80K04/230.12 mi6, Rose Street, Sunderland, Tyne And Wear SR4 6AB3
£73K01/230.12 mi8, Violet Street, Sunderland, Tyne And Wear SR4 6AE3
£75K10/210.14 mi8, Harlow Street, Sunderland, Tyne And Wear SR4 7AR3
£125K03/220.16 mi41, The Leazes, Sunderland, Tyne And Wear SR1 3SW3
£121K06/230.16 mi18, The Leazes, Sunderland, Tyne And Wear SR1 3SW3
£90K02/230.19 mi40, St Cuthberts Terrace, Sunderland, Tyne And Wear SR4 6BS3
£75K06/210.22 mi26, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£64K06/210.22 mi1, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£75K06/210.22 mi26, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£64K06/210.22 mi1, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£66K11/200.26 mi22, Franklin Street, Sunderland, Tyne And Wear SR4 6EX3
£90K05/230.26 mi7, Franklin Street, Sunderland, Tyne And Wear SR4 6EX3
£71K05/210.26 mi9, Houghton Street, Sunderland, Tyne And Wear SR4 7DY3
£96K03/230.26 mi33, Houghton Street, Sunderland, Tyne And Wear SR4 7DY3
£130K02/210.27 mi39, Corning Road, Sunderland, Tyne And Wear SR4 6EE3
£144K11/210.27 mi38, Corning Road, Sunderland, Tyne And Wear SR4 6EE3
£108K04/230.31 mi34, Hylton Street, Sunderland, Tyne And Wear SR4 7DX3
£72K06/230.31 mi23, Shepherd Street, Sunderland, Tyne And Wear SR4 6HA3
£92K02/210.34 mi168, Chester Road, Sunderland, Tyne And Wear SR4 7EY3
£76K04/210.35 mi8, Hylton Street, Sunderland, Tyne And Wear SR4 7DU3
£100K02/240.35 mi5, Booth Street, Sunderland, Tyne And Wear SR4 6HT3
£95K07/210.35 mi35, Howarth Street, Sunderland, Tyne And Wear SR4 7UT3
£162.5K01/230.36 mi1, Broxbourne Terrace, Sunderland, Tyne And Wear SR4 7DT3
£105K02/230.38 mi3, Croft Avenue, Sunderland, Tyne And Wear SR4 7DP3
£71K04/210.38 mi6, The Knoll, Sunderland, Tyne And Wear SR2 7PL3
£75K10/200.39 mi16, Thelma Street, Sunderland, Tyne And Wear SR4 7HA3
£33.5K07/230.39 mi36, Thelma Street, Sunderland, Tyne And Wear SR4 7HA3
£80K08/210.39 mi26, Chester Mews, Sunderland, Tyne And Wear SR4 7HX3
£68K12/200.4 mi28, Eldon Street, Sunderland, Tyne And Wear SR4 7DW3
£97K11/230.4 mi33, Eldon Street, Sunderland, Tyne And Wear SR4 7DW3
£68K03/230.4 mi68, Neville Road, Sunderland, Tyne And Wear SR4 6PU3
£107K11/230.42 mi77, Sorley Street, Sunderland, Tyne And Wear SR4 7UY3
£82.5K07/230.44 mi25, Hutton Street, Sunderland, Tyne And Wear SR4 7HB3
£90K06/230.46 mi12, Vale Street, Sunderland, Tyne And Wear SR4 7NB3
£117K12/210.47 mi17, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU3
£139K12/200.5 mi30, Cleveland Road, Sunderland, Tyne And Wear SR4 7JS3
£120K07/210.5 mi19, Cleveland Road, Sunderland, Tyne And Wear SR4 7JS3
£115K04/230.51 mi21, Ingleby Terrace, Sunderland, Tyne And Wear SR4 7NF3
£122K10/230.51 mi9, Cooperative Terrace, Sunderland, Tyne And Wear SR4 7JD3
£111K04/240.51 mi12, Fernville Street, Sunderland, Tyne And Wear SR4 7LX3
£112.5K11/200.53 mi14, Oaklands Terrace, Sunderland, Tyne And Wear SR4 7NG3
£180K06/230.53 mi20, Otto Terrace, Sunderland, Tyne And Wear SR2 7LW3

Local Rents

14 rents from £700/mo to £3.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£72509/240.24 miCromwell Street, Sunderland, SR43
£80011/230.26 mi-3
£85012/240.26 mi-3
£85002/250.29 mi-3
£3,50003/250.36 mi-3
£85009/240.4 mi-3
£70009/240.43 miBlackett Terrace, Millfield, Sunderland3
£87511/240.57 mi-3
£75002/250.58 mi-3
£87509/240.58 miGeneral Graham Street, Sunderland3
£87502/250.59 mi-3
£97509/240.6 miCresswell Terrace, Sunderland3
£80009/240.61 miHurstwood Road, High Barnes, Sunderland3
£3,50003/250.61 mi-3

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.86 miles away

Nearest school

0.40 miles away

Nearest train station

0.34 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 £65,000

December 10, 2024

Listed for £70,000

September 20, 2024

Sold for £67,000

2015

Description

  • Ideal For Investor Or First Time Buyer +
  • Mid Terraced House +
  • Excellent Local Amenities +
  • Convenient Transport Links +
  • Rear Yard With Roller shutter Door +
  • Reference: 456326 +

FOR SALE BY WAY OF ONLINE AUCTION - ON 12TH December 2024, OPTION 2 - Terms and Conditions apply. See Agents Property Auctions Website for full details.

Available with no chain, this two-bedroom mid-terraced house on Ravensworth Street, Millfield is perfect for first-time buyers or investors. Located in a prime area, it offers easy access to a wide range of local amenities including shops, schools, and convenient bus links to Sunderland City Centre for additional shops and transport options. The ground floor features a spacious lounge/diner, a bedroom, kitchen, and bathroom, while the first floor has two further bedrooms. Externally there is a yard to the rear with roller shutter. Ideally situated near Sunderland University and Sunderland Royal Hospital, this property offers excellent rental potential. Additional benefits include double glazing and combi gas central heating. A fantastic opportunity in a highly convenient location!
ENTRANCE
Double glazed entrance door to the hallway which has a radiator, stairs to the first floor.
GROUND FLOOR BEDROOM 3.97m (13'0) x 3.33m (10'11)
Double glazed window, radiator.
LOUNGE / DINER 3.22m (10'7) x 4.44m (14'7)
Double glazed window, radiator, electric fire with surround.
KITCHEN 3.39m (11'1) x 2.64m (8'8)
Fitted with a range of wall and floor units, one and a half bowl stainless steel sink with mixer tap, combi boiler, double glazed window, radiator, electric oven point, double glazed door to the rear, plumbed for washing machine.
BATHROOM
White suite with electric shower over the bath, two double glazed windows, radiator.
FIRST FLOOR LANDING

BEDROOM ONE 2.44m (8'0) x 5.51m (18'1) To the widest point.
Double glazed window, radiator, walk in wardrobe.
REAR BEDROOM 2.72m (8'11) x 1.94m (6'4)
Roof window, radiator.
REAR YARD
Yard to rear with outside tap and roller shutter.

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel:
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 10 Mbps and a maximum download speed of 1139 Mbps at this postcode: SR4 6BG and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: D

Agent Details

Andrew Craig, Auction

01661 525163

Next Steps?

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