3 Bed Semi-Detached House, Refurb/BRRR, Sunderland, SR2 9EB, £174,950

Greetlands Road, Leechmere, Sunderland, Tyne and Wear, SR2 9EB - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£120K - £359.9K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£169,270

 

 

End Value (After Refurb)

£181,330

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,738

Stamp Duty & Legal Fees

£6,449

Refurb Costs

£35,501

Bridging Loan Interest

£4,592

Total Cash In

£92,029

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£181,330

Mortgage (After Refinance)

£135,997

Mortgage LTV

75%

Cash Released

£4,785

Cash Left In

£87,245

Equity

£45,332

Rent Range

£590 - £3,500

Rent Estimate

£805

Running Costs/mo

£748

Cashflow/mo

£57

Cashflow/yr

£688

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £120K to £359.9K, average is £183.8K. £1.4K/m² to £3.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£165K12/200.01 mi16, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£170K02/210.01 mi27, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£187K02/210.01 mi35, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£147.5K04/210.01 mi41, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£155K02/210.04 mi7, Larchwood Grove, Sunderland, Tyne And Wear SR2 9EL3
£160K11/200.04 mi14, Larchwood Grove, Sunderland, Tyne And Wear SR2 9EL3
£195K10/210.07 mi18, Cedarwood Grove, Sunderland, Tyne And Wear SR2 9EJ3
£138K06/210.07 mi9, Cedarwood Grove, Sunderland, Tyne And Wear SR2 9EJ3
£152K12/200.08 mi8, Stannington Grove, Sunderland, Tyne And Wear SR2 9EG3
£155K11/200.09 mi44, Laurel Grove, Sunderland, Tyne And Wear SR2 9EE3
£182K04/210.09 mi5, Laurel Grove, Sunderland, Tyne And Wear SR2 9EE3
£228K04/230.09 mi2, Greybourne Gardens, Sunderland, Tyne And Wear SR2 9DT3
£240K09/210.09 mi5, Greybourne Gardens, Sunderland, Tyne And Wear SR2 9DT3
£167.5K01/210.09 mi3, Greybourne Gardens, Sunderland, Tyne And Wear SR2 9DT3
£285K12/220.1 mi39, Heathfield, Sunderland, Tyne And Wear SR2 9EW3
£160K02/210.11 mi67, Stannington Grove, Sunderland, Tyne And Wear SR2 9EQ3
£198K04/210.14 mi173, Leechmere Road, Sunderland, Tyne And Wear SR2 9DL3
£168K10/200.14 mi139, Leechmere Road, Sunderland, Tyne And Wear SR2 9DL3
£194K02/210.16 mi31, Glenesk Road, Sunderland, Tyne And Wear SR2 9BN3
£190K03/210.16 mi5, Glenesk Road, Sunderland, Tyne And Wear SR2 9BN3
£148K06/210.16 mi73, Stannington Grove, Sunderland, Tyne And Wear SR2 9EH3
£185K12/200.18 mi37, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£177.5K11/200.18 mi2, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£205K12/220.19 mi252, Leechmere Road, Sunderland, Tyne And Wear SR2 9DF3
£160K06/210.2 mi314, Leechmere Road, Sunderland, Tyne And Wear SR2 9DF3
£249.9K06/210.2 mi11, Thristley Gardens, Sunderland, Tyne And Wear SR2 9BL3
£212K03/210.2 mi7, Ringmore Court, Sunderland, Tyne And Wear SR2 9BJ3
£256K04/210.2 mi10, Loughborough Avenue, Sunderland, Tyne And Wear SR2 9AT3
£185K12/220.21 mi8, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£225K05/210.22 mi7, Leighton Road, Sunderland, Tyne And Wear SR2 9HQ3
£199.5K02/230.23 mi25, The Precinct, Sunderland, Tyne And Wear SR2 9DN3
£182.5K11/200.23 mi131, Tunstall Road, Sunderland, Tyne And Wear SR2 9BB3
£167K12/200.24 mi29, Myrella Crescent, Sunderland, Tyne And Wear SR2 9DQ3
£150K11/200.24 mi98, Myrella Crescent, Sunderland, Tyne And Wear SR2 9DQ3
£168K04/210.24 mi35, Myrella Crescent, Sunderland, Tyne And Wear SR2 9DQ3
£160K12/220.24 mi266, Leechmere Road, Sunderland, Tyne And Wear SR2 9DF3
£174.9K06/210.25 mi104, Tunstall Road, Sunderland, Tyne And Wear SR2 9BD3
£160K05/210.26 mi12, Leominster Road, Sunderland, Tyne And Wear SR2 9HG3
£245K02/230.29 mi5, Lambourne Road, Sunderland, Tyne And Wear SR2 9BX3
£135.3K08/210.29 mi1, Helvellyn Road, Sunderland, Tyne And Wear SR2 9JJ3
£247K03/210.29 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.29 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.29 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.29 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.29 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£350K11/220.31 mi46, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LU3
£265K04/230.31 mi51, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LU3
£156K04/210.32 mi5, Satley Gardens, Sunderland, Tyne And Wear SR3 1AL3
£120K04/230.32 mi31, Satley Gardens, Sunderland, Tyne And Wear SR3 1AL3
£359.9K08/230.34 mi14, Harperley Drive, Sunderland, Tyne And Wear SR3 1AW3

Local Rents

40 rents from £590/mo to £3.5K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£95009/240.2 miLeechmere Road, Tunstall, Sunderland3
£1,35009/240.55 miRidgeway Crescent, Ashbrooke3
£70012/240.62 mi-3
£90009/240.71 miThornlea Court, Thornhill, Sunderland, SR23
£70009/240.81 miOswald Terrace, Grangetown, Sunderland3
£65009/240.81 mi-3
£59501/250.81 mi-3
£65001/250.81 mi-3
£65009/240.81 miSaint Leonard Street, Sunderland, SR23
£78009/240.84 mi-3
£78003/250.84 mi-3
£3,50003/250.85 mi-3
£82509/240.86 mi-3
£85009/240.87 miGrange Street South, Sunderland, Tyne and Wear, SR23
£79501/250.88 mi-3
£95009/240.88 miCamberley Close, Tunstall3
£95003/250.91 mi-3
£97509/240.93 miCresswell Terrace, Sunderland3
£80009/240.93 miHurstwood Road, High Barnes, Sunderland3
£65009/240.95 miSomerset Street, Sunderland, Tyne and Wear, SR33
£3,50003/250.98 mi-3
£72509/241 miAttlee Grove, Sunderland3
£90003/251.01 mi-3
£72509/231.02 mi-3
£75009/241.02 miPlains Road, Plains Farm, Sunderland , SR33
£85009/241.07 miTarn Drive, Grangetown, Sunderland3
£87502/251.09 mi-3
£73003/251.1 mi-3
£87509/241.11 miGeneral Graham Street, Sunderland3
£87511/241.12 mi-3
£80009/241.12 mi-3
£85003/251.13 mi-3
£59003/251.14 mi-3
£1,00009/241.16 miMount Road, High Barnes, Sunderland3
£72509/241.17 miSilksworth Terrace, Sunderland3
£75001/251.18 mi-3
£75009/241.2 miLord Street, Sunderland, Tyne And Wear, SR33
£79511/241.2 mi-3
£70004/241.21 mi-3
£72509/241.23 mi1 Paisley Square, Sunderland3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.65 miles away

Nearest school

0.30 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £174,950

October 7, 2024

Floor Plans

Description

  • 3 Bedroom family home +
  • Desirable location +
  • Vacant possession +
  • Huge potential +

Pattinson estate agents are delighted to offer to market, this 3-bedroom semi-detached family home, situated in the desirable area of Leechmere, Sunderland.

Ideally located for local amenities, education and shopping facilities, this property is ideal for growing families, or for people wanting to live in this sought after community.

In need of a little modernisation, this is an ideal blank canvas to add your own design and personality, to fully extract the huge potential this property offers.

The property briefly comprises, Entrance hallway, living room, dining room, kitchen, and utility room.

Upstairs the landing, framed by a large arch window, offers access to 3 well-proportioned bedrooms, a separate bathroom and W/C

We would expect strong levels of interest on this, and would recommend an early viewing to avoid potential disappointment

Please contact our Sunderland team on or email

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Sunderland

0191 625 0848

Next Steps?

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