3 Bed Terraced House, Refurb/BRRR, Sunderland, SR4 7XD, £120,000

Blackett Terrace, Millfield, SR4 7XD - 11 views - 6 months ago

Leasehold
Refurb/BRRR
ROI: 7%
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£66K - £195K
Sold Prices/m²£697/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£110,714

 

 

End Value (After Refurb)

£113,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£35,688

Bridging Loan Interest

£3,150

Total Cash In

£75,388

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£113,750

Mortgage (After Refinance)

£85,313

Mortgage LTV

75%

Cash Left In

£75,388

Equity

£28,438

Rent Range

£700 - £3,500

Rent Estimate

£984

Running Costs/mo

£572

Cashflow/mo

£412

Cashflow/yr

£4,941

ROI

7%

Gross Yield

10%

Local Sold Prices

51 sold prices from £66K to £195K, average is £115K. £697/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£95K07/210.08 mi35, Howarth Street, Sunderland, Tyne And Wear SR4 7UT3
£100K02/240.11 mi5, Booth Street, Sunderland, Tyne And Wear SR4 6HT3
£107K11/230.17 mi77, Sorley Street, Sunderland, Tyne And Wear SR4 7UY3
£115K11/210.2 mi20, Kayll Road, Sunderland, Tyne And Wear SR4 7TN3
£68K12/200.2 mi28, Eldon Street, Sunderland, Tyne And Wear SR4 7DW3
£97K11/230.2 mi33, Eldon Street, Sunderland, Tyne And Wear SR4 7DW3
£105K02/230.2 mi3, Croft Avenue, Sunderland, Tyne And Wear SR4 7DP3
£66K11/200.2 mi22, Franklin Street, Sunderland, Tyne And Wear SR4 6EX3
£90K05/230.2 mi7, Franklin Street, Sunderland, Tyne And Wear SR4 6EX3
£90K11/200.21 mi1, Bexley Street, Sunderland, Tyne And Wear SR4 7TL3
£108K04/230.22 mi34, Hylton Street, Sunderland, Tyne And Wear SR4 7DX3
£107K08/230.23 mi11, Highfield Place, Sunderland, Tyne And Wear SR4 6LP3
£107K08/230.23 mi11, Highfield Place, Sunderland, Tyne And Wear SR4 6LP3
£125K08/210.26 mi6, Henderson Road, Sunderland, Tyne And Wear SR4 7TG3
£180K11/210.26 mi2, Henderson Road, Sunderland, Tyne And Wear SR4 7TG3
£112.5K11/210.26 mi18, Erith Terrace, Sunderland, Tyne And Wear SR4 7TJ3
£162.5K01/230.26 mi1, Broxbourne Terrace, Sunderland, Tyne And Wear SR4 7DT3
£70K01/210.26 mi26, Orchard Street, Sunderland, Tyne And Wear SR4 6QL3
£71K05/210.27 mi9, Houghton Street, Sunderland, Tyne And Wear SR4 7DY3
£96K03/230.27 mi33, Houghton Street, Sunderland, Tyne And Wear SR4 7DY3
£76K04/210.27 mi8, Hylton Street, Sunderland, Tyne And Wear SR4 7DU3
£127.5K06/210.29 mi21, Brookland Road, Sunderland, Tyne And Wear SR4 7TH3
£118.9K02/230.29 mi24, Brookland Road, Sunderland, Tyne And Wear SR4 7TH3
£157.5K02/210.29 mi2, Angrove Gardens, Sunderland, Tyne And Wear SR4 7TB3
£185K11/210.29 mi10, Angrove Gardens, Sunderland, Tyne And Wear SR4 7TB3
£83K06/230.29 mi4, Cheviot Street, Sunderland, Tyne And Wear SR4 6QN3
£105K10/230.29 mi16, Cheviot Street, Sunderland, Tyne And Wear SR4 6QN3
£158.8K10/210.29 mi2, Jackson Street, Sunderland, Tyne And Wear SR4 7TX3
£125K11/230.3 mi24, Grindon Terrace, Sunderland, Tyne And Wear SR4 7TT3
£122K10/230.3 mi9, Cooperative Terrace, Sunderland, Tyne And Wear SR4 7JD3
£137K11/200.31 mi16, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£149K10/200.31 mi3, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£170K12/210.31 mi3, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£155K08/230.31 mi5, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£139K12/200.31 mi30, Cleveland Road, Sunderland, Tyne And Wear SR4 7JS3
£120K07/210.31 mi19, Cleveland Road, Sunderland, Tyne And Wear SR4 7JS3
£72K06/230.31 mi23, Shepherd Street, Sunderland, Tyne And Wear SR4 6HA3
£150K10/230.31 mi48, Henderson Road, Sunderland, Tyne And Wear SR4 7ST3
£117K12/210.31 mi17, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU3
£160K01/230.32 mi10, Ferndene Crescent, Sunderland, Tyne And Wear SR4 6UN3
£108.5K09/230.32 mi15, Westwood Street, Sunderland, Tyne And Wear SR4 7TQ3
£68K03/230.32 mi68, Neville Road, Sunderland, Tyne And Wear SR4 6PU3
£98K02/210.33 mi17, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG3
£116K11/210.33 mi29, Arlington Street, Sunderland, Tyne And Wear SR4 6UW3
£92K02/210.33 mi168, Chester Road, Sunderland, Tyne And Wear SR4 7EY3
£163K08/230.34 mi27, Ferndene Crescent, Sunderland, Tyne And Wear SR4 6UP3
£129.9K02/210.34 mi29, Ormonde Street, Sunderland, Tyne And Wear SR4 7PH3
£113K08/210.34 mi17, Ormonde Street, Sunderland, Tyne And Wear SR4 7PH3
£160K11/210.34 mi37, Ormonde Street, Sunderland, Tyne And Wear SR4 7PH3
£195K08/230.34 mi26, Ormonde Street, Sunderland, Tyne And Wear SR4 7PH3
£162.5K12/230.34 mi6, Ormonde Street, Sunderland, Tyne And Wear SR4 7PH3

Local Rents

21 rents from £700/mo to £3.5K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£70009/240.01 miBlackett Terrace, Millfield, Sunderland3
£3,50003/250.08 mi-3
£85002/250.13 mi-3
£80011/230.17 mi-3
£85012/240.17 mi-3
£85009/240.18 mi-3
£72509/240.19 miCromwell Street, Sunderland, SR43
£2,50002/250.28 mi-3
£89509/240.29 miHazledene Terrace, Pallion, Sunderland, Tyne and Wear, SR4 6NA3
£75002/250.33 mi-3
£87511/240.35 mi-3
£87509/240.35 miGeneral Graham Street, Sunderland3
£87502/250.37 mi-3
£75007/240.47 mi-3
£75009/240.49 miWareness Street, Pallion, Sunderland3
£80009/240.52 miHurstwood Road, High Barnes, Sunderland3
£2,80002/250.59 mi-3
£1,95009/240.61 mi-3
£1,95001/250.61 mi-3
£2,30003/250.61 mi-3
£1,00009/240.62 miMount Road, High Barnes, Sunderland3

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £120,000

October 4, 2024

Floor Plans

Description

  • Walking Distance To Sunderland Royal Hospital +
  • Spacious Layout With Two Reception Rooms & Three Bedrooms +
  • Ready For Someone To Put Their Own Stamp On +
  • Ideal For Families & First Time Buyers +
  • Great Location For Shops, Bus Links & Millfield Metro Station +
  • Reference : 456836 +

This charming mid terrace period property offers a fantastic opportunity for those looking to create their ideal home. Conveniently located with easy access to local amenities, including Sunderland Royal Hospital, well regarded schools, shops, and transport links, it's an ideal choice for Families, first time buyers, or investors. While the property is in need of modernisation, it provides a perfect canvas for those eager to add their personal touch.

The ground floor features a entrance lobby into the hallway, a spacious lounge that flows into a separate dining room, a functional kitchen and a ground floor bathroom. Upstairs, you'll find three generously sized bedrooms. Outside, there's a rear yard that offers off-road parking. Viewing is highly recommended to fully appreciate the potential of this home.
ENTRANCE
Double glazed door into Lobby.
LOBBY
Glazed door into the Hallway.
HALLWAY
Radiator and stairs to first floor Landing.
LOUNGE 4.28m (14'1) x 4.28m (14'1)
Double glazed bay window, laminate flooring, radiator, living flame gas fire and doors into the Dining Room.
DINING ROOM 3.82m (12'6) x 3m (9'10)
Double glazed window, radiator and storage cupboard housing COMBI boiler.
KITCHEN 2.96m (9'9) x 2.72m (8'11)
Wall and floor units, stainless steel sink unit with mixer tap, radiator, plumbing for washing machine, double glazed window, double glazed door to rear Yard and electric oven point.
BATHROOM
Panelled bath with electric shower over, low level W.C., wash basin, double glazed window and radiator.
HALF LANDING
Double glazed window and stairs to first floor Landing.
FIRST FLOOR LANDING

REAR DOUBLE BEDROOM 3.94m (12'11) x 3.17m (10'5)
Double glazed window, radiator and fitted wardrobe.
MASTER BEDROOM 3.61m (11'10) x 3.59m (11'9)
Double glazed bay window and radiator.
FRONT BEDROOM 1.92m (6'4) x 2.34m (7'8)
Double glazed window and radiator.
EXTERNALLY
Yard to rear with electric roller shutter door providing off road parking.
PARKING
Off road parking is provided to the rear property.
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 12 Mbps at this postcode: SR4 7XD and mobile coverage is provided by 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:

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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