3 Bed Terraced House, Planning Permission, Sunderland, SR2 8NG, £64,950

Mainsforth Terrace, Hendon, SR2 8NG - 6 months ago

Sold STC
Leasehold
Cash
Planning
ROI: 11%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£40K - £510K
Sold Prices/m²£405/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£698/m²

Value Estimate

£64,950

 

 

End Value (After Refurb)

£66,187

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,238

Stamp Duty & Legal Fees

£4,448

Refurb Costs

£35,501

Bridging Loan Interest

£1,705

Total Cash In

£59,641

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£66,187

Mortgage (After Refinance)

£49,640

Mortgage LTV

75%

Cash Released

£928

Cash Left In

£58,713

Equity

£16,547

Rent Range

£595 - £3,500

Rent Estimate

£985

Running Costs/mo

£424

Cashflow/mo

£561

Cashflow/yr

£6,734

ROI

11%

Gross Yield

18%

Local Sold Prices

50 sold prices from £40K to £510K, average is £122.5K. £405/m² to £2.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£65.6K02/230.03 mi11, Tower Street West, Sunderland, Tyne And Wear SR2 8JY3
£73K01/230.1 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.1 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£68.4K05/210.12 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£80K12/220.14 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£80K04/210.14 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.14 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£40K01/210.16 mi29, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£50K07/210.16 mi44, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£51.5K04/230.16 mi18, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£86K09/210.2 mi131, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£100K05/210.2 mi121, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£65K01/210.2 mi155, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£95K02/230.2 mi139, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£108K08/230.25 mi5, Crossby Court, Sunderland, Tyne And Wear SR2 8BX3
£110K02/230.32 mi5, St Vincent Street, Sunderland, Tyne And Wear SR2 8EU3
£140K08/210.32 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£135K06/230.33 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.33 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£46K03/210.38 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£190K09/230.41 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£62K06/230.42 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£240K09/210.45 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£102K05/230.45 mi19, Raine Grove, Sunderland, Tyne And Wear SR1 2LH3
£260K06/210.55 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£144K12/200.55 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.55 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£268K04/230.56 mi3, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£284K11/200.56 mi1, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£335K02/210.58 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£216.5K11/200.6 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£115K07/230.61 mi6, St Georges Way, Sunderland, Tyne And Wear SR2 7BW3
£165K03/210.62 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£182.5K08/230.62 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£105K03/230.64 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3
£245K03/210.64 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£247K03/210.65 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.65 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.65 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.65 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.65 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£510K09/220.66 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£80K03/230.66 mi12, Briery Vale Road, Sunderland, Tyne And Wear SR2 7HE3
£110K11/210.67 mi4, Briery Vale Close, Sunderland, Tyne And Wear SR2 7HY3
£125K04/230.67 mi28, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£160K08/210.67 mi24, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£177.9K05/230.67 mi21, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£144K07/210.68 mi11, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP3
£140K06/210.7 mi76, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£72K08/210.7 mi35, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3

Local Rents

11 rents from £595/mo to £3.5K/mo, average is £730/mo.

RentDateDistanceAddressBeds 
£3,50004/250.1 mi-3
£87504/250.14 mi-3
£73003/250.16 mi-3
£65009/240.18 mi-3
£59501/250.18 mi-3
£65001/250.18 mi-3
£65009/240.18 miSaint Leonard Street, Sunderland, SR23
£79501/250.26 mi-3
£82509/240.29 mi-3
£61004/250.33 mi-3
£95003/250.61 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.98 miles away

Nearest school

0.10 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Price changed to £64,950

January 11, 2025

Listed for £77,500

October 9, 2024

Floor Plans

Description

  • Available For Sale With No Chain Involved +
  • Spacious Three Bedroom Cottage +
  • Private Reay Yard Providing A Pleasant Seating Area +
  • Convenient Local Shops And Schoolc +
  • Convenient Access To City Centre Amenities +
  • Reference: 456506 +

NO CHAIN INVOLVED, cash buyers welcome.

This spacious three-bedroom cottage is ideally located with easy access to the city centre and surrounding areas, making it perfect for first-time buyers, couples, families, or investors. The ground floor boasts a welcoming lounge, a dining room with stairs to the first floor and double-glazed sliding patio doors leading to the rear yard, a fitted kitchen, and a bathroom with a three-piece suite. Upstairs, there are three generously sized bedrooms. The property has the potential to be converted to four bedrooms subject to the relevant building regulations and planning permissions. Externally, the property features a rear yard which offers a pleasant space to enjoy the outdoors. Additional benefits include gas central heating and double glazing throughout, the property currently holds a valid Gas Safety Certificate and EICR Electrical Certificate. Viewing is highly recommended to fully appreciate the accommodation on offer.
ENTRANCE LOBBY
Double glazed entrance door to the lobby.
LOUNGE 4.21m (13'10) x 4m (13'1)
Double glazed window, laminate flooring, radiator and a walk in storage cupboard.
DINING ROOM 3.83m (12'7) x 5.72m (18'9)
Double glazed door to the rear, stairs to the first floor landing, radiator.
KITCHEN 2.32m (7'7) x 6.7m (22')
Wall and floor units, sink with mixer tap, double glazed window, radiator, combi boiler, plumbed for automatic washing machine, space for gas oven.
REAR LOBBY
Double glazed door to the rear yard and a storage cupboard.
BATHROOM
White suite, double glazed window, radiator.
FIRST FLOOR LANDING
Storage cupboard.
FRONT BEDROOM 3.47m (11'5) x 2.23m (7'4)
Double glazed window, radiator, laminate flooring.
FRONT BEDROOM 3.51m (11'6) x 2.23m (7'4)
Double glazed window, radiator.
REAR BEDROOM 2.52m (8'3) x 4.1m (13'5)
Double glazed window, radiator.
EXTERIOR
Front forecourt is walled. Rear yard is block paved.
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 13 Mbps and a maximum download speed of 1000 Mbps at this postcode: SR2 8NG and mobile coverage is provided by O2, Three, Vodafone. The checker results are predictions and should not be regarded as guaranteed.

EPC Rating: D
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.

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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