6 Bed Terraced House, Single Let, Sunderland, SR2 7ER, £176,000

10 Cresswell Terrace, Sunderland, Tyne And Wear, SR2 7ER - 6 months ago

Sold STC

BTL

~186 m²

+4 photos

ValuationUndervalued

Sold Prices	£270K - £555K
Sold Prices/m²	£1.1K/m² - £2.7K/m²

Square Metres	~186 m²
Price/m²	£946/m²
Value Estimate	£211,200£211,200
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£44,000£44,000
Stamp Duty & Legal Fees	£6,480£6,480
Total Cash In	£50,480£50,480

Cash Out
Rent Range	£477 - £3,680£477 - £3,680
Rent Estimate	£481
Running Costs/mo	£666£666
Cashflow/mo	£-185£-185
Cashflow/yr	£-2,222£-2,222
Gross Yield	3%3%

Local Sold Prices

13 sold prices from £270K to £555K, average is £400K. £1.1K/m² to £2.7K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£270K	07/21	0.41 mi	2, Park Place East, Sunderland, Tyne And Wear SR2 8EE	£1,239	218	6	Terraced House
£280K	10/21	0.75 mi	20, Rowlandson Terrace, Sunderland, Tyne And Wear SR2 7SU	£1,138	246	6	Terraced House
£450K	04/23	1.66 mi	16, Park Parade, Sunderland, Tyne And Wear SR6 9LU	-	-	6	Terraced House
£300K	04/23	1.66 mi	12, Roker Park Road, Sunderland, Tyne And Wear SR6 9PF	-	-	6	Terraced House
£450K	08/21	1.77 mi	7, Roker Park Terrace, Sunderland, Tyne And Wear SR6 9LY	£2,697	167	6	Terraced House
£431K	06/21	1.77 mi	12, Roker Park Terrace, Sunderland, Tyne And Wear SR6 9LY	£2,043	211	6	Terraced House
£420K	02/21	1.77 mi	5, Roker Park Terrace, Sunderland, Tyne And Wear SR6 9LY	£1,883	223	6	Terraced House
£361.1K	02/21	1.84 mi	47, Roker Park Road, Sunderland, Tyne And Wear SR6 9PL	-	-	6	Terraced House
£555K	10/23	1.84 mi	39, Roker Park Road, Sunderland, Tyne And Wear SR6 9PL	£1,790	310	6	Terraced House
£374K	11/20	1.92 mi	9, Park Avenue, Sunderland, Tyne And Wear SR6 9PU	£1,633	229	6	Terraced House
£270K	11/20	2.18 mi	42, Westcliffe Road, Sunderland, Tyne And Wear SR6 9NP	£1,343	201	6	Semi-Detached House
£494.9K	03/21	2.27 mi	Sandymere, Sea Lane, Sunderland, Tyne And Wear SR6 8EE	£2,291	216	6	Semi-Detached House
£400K	06/23	2.75 mi	8, Hopton Drive, Ryhope, Sunderland, Tyne And Wear SR2 0LT	£2,247	178	6	Detached House

Local Rents

47 rents from £477/mo to £3.7K/mo, average is £900/mo.

Rent	Date	Distance	Address	Beds	Type
£975	09/24	0.01 mi	Cresswell Terrace, Sunderland	3	Terraced House
£1,733	09/24	0.06 mi	Argyle Street, Close to City Campus, Sunderland, SR2	4	Terraced House
£1,647	09/24	0.07 mi	-	4	Terraced House
£1,750	09/24	0.07 mi	Cresswell Terrace, Thornhill, Sunderland, SR2	5	Terraced House
£1,400	09/24	0.07 mi	Cresswell Terrace, Thornhill, Sunderland, SR2	4	Terraced House
£3,500	03/25	0.08 mi	-	3	Semi-Detached House
£490	09/24	0.08 mi	Thornhill Crescent, Sunderland, Tyne And Wear, SR2	6	Flat
£477	09/24	0.08 mi	City View, 1-4 Thornhill Crescent, Sunderland, Tyne And Wear, SR2	4	Flat
£477	09/24	0.08 mi	Thornhill Crescent, Sunderland, Tyne And Wear, SR2	4	Flat
£780	09/24	0.09 mi	-	3	Flat
£780	03/25	0.09 mi	-	3	Flat
£1,126	09/24	0.1 mi	Alice Street, Thornhill, Sunderland, SR2	4	Terraced House
£950	03/25	0.16 mi	-	3	Terraced House
£1,200	09/24	0.24 mi	Havelock Terrace, Sunderland, SR2	4	Terraced House
£1,300	09/24	0.26 mi	-	4	Detached House
£1,400	09/24	0.26 mi	-	4	Terraced House
£1,300	09/24	0.28 mi	Briery Vale Road, Sunderland	4	House
£900	09/24	0.29 mi	Thornlea Court, Thornhill, Sunderland, SR2	3	Flat
£1,300	09/24	0.34 mi	Ashwood Terrace, Thornhill	5	Terraced House
£2,080	09/24	0.34 mi	Oakwood Street, Thornhill, Sunderland, SR2	5	Terraced House
£1,000	08/24	0.37 mi	-	4	Flat
£1,410	09/24	0.38 mi	Rosedale Street, Sunderland, SR1	5	Terraced House
£550	09/24	0.42 mi	Mowbray Close, Sunderland	7	Terraced House
£900	09/24	0.43 mi	Beachville Street, Sunderland, SR4	4	Terraced House
£800	09/24	0.43 mi	-	4	Terraced House
£900	10/24	0.43 mi	-	4	Terraced House
£494	09/24	0.46 mi	Phoenix House, Union Street, Sunderland, Tyne And Wear, SR1	4	Flat
£498	09/24	0.46 mi	City View @Phoenix House, Union Street, Sunderland, Tyne And Wear, SR1	6	Flat
£494	09/24	0.46 mi	Phoenix House, Union Street, Sunderland, Tyne And Wear, SR1	5	Flat
£485	09/24	0.46 mi	City View @ Phoenix House, Union Street, Sunderland, Tyne And Wear, SR1	4	Flat
£494	09/24	0.46 mi	City View @Phoenix House, Union Street, Sunderland, Tyne And Wear, SR1	5	Flat
£498	09/24	0.46 mi	City View@Phoenix House, Union Street, Sunderland, Tyne And Wear, SR1	6	Flat
£1,400	09/24	0.46 mi	Fawcett Street Student Accommodation, City Centre, SUNDERLAND, SR1	3	Flat
£825	09/24	0.46 mi	-	3	Flat
£575	09/24	0.49 mi	John Street, Sunderland, Tyne & Wear, SR1	4	House
£575	09/24	0.49 mi	John Street, Sunderland, Tyne & Wear, SR1	4	House
£575	09/24	0.49 mi	John Street, Sunderland, Tyne & Wear, SR1	4	House
£1,400	09/24	0.49 mi	Student Accommodation @ Fawcett Street, City Centre, Sunderland, SR1	3	Flat
£1,400	09/24	0.49 mi	Fawcett Street, City Centre, Sunderland, SR1	3	Flat
£1,872	09/24	0.49 mi	Fawcett Street, Sunderland, SR1	4	Flat
£3,680	09/24	0.5 mi	Tyro Student Luxury Accommodation, 1-6 Fawcett Street, Sunderland, SR1	5	Flat
£895	02/24	0.52 mi	-	4	Terraced House
£800	09/24	0.52 mi	Hurstwood Road, High Barnes, Sunderland	3	Terraced House
£1,820	09/24	0.59 mi	Norfolk Street, Sunderland, SR1	4	Flat
£1,430	09/24	0.6 mi	Echo Building, City Centre, Sunderland, SR1	3	Flat
£900	09/24	0.61 mi	Hylton Road, Sunderland, SR4	4	Flat
£900	09/24	0.61 mi	Hylton Road, Sunderland, SR4	4	Flat

Local Area Statistics

Population in SR2	33,44033,440
Population in Sunderland	183,740183,740
Town centre distance	1.24 miles away1.24 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.07 miles away0.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+23%+23%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-5%-5%

Property History

Listed for £176,000

September 29, 2024

Sold for £155,000

2008

Description

STUDENT PROPERTY +
BILLS INCLUDED +
Complimentary Broadband & WiFi +
En-suites Room Available +
Close to city centre +

6 bedroom student property. NO DEPOSIT REQUIRED, from £90pppw, bills inclusive package, Complimentary WIFI, Off Street Parking.

NO DEPOSIT REQUIRED with homeowner guarantor

Rooms from £90 per week

This is a substantial 6 bedroom property suitable for student accommodation, located in a desirable area of Sunderland close to the city centre and university.

The property benefits from part double glazing and gas central heating.

The accommodation comes fully furnished to a high standard with all utility bills included and complimentary high speed broadband & WiFi included.

Off street parking is available to the rear with electrically operated garage door.

Pricing per room Room 1 £120pw Room 2 £130pw Room 3 £130pw Room 4 £90pw Room 5 £130pw Room 6 £90pw

EPC Rating: E

Agent Details

bedebrooke, Sunderland

0191 607 6971

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

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Local Area Statistics

Property History

Description

Agent Details

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