2 Bed Terraced House, Single Let, Sunderland, SR4 7DE, £74,950

Rainton Street, Millfield, Sunderland, SR4 7DE - 5 views - 6 months ago

Sold STC
BTL
ROI: 10%
~68 m²
+6 photos

ValuationFair Value

Sold Prices£35K - £129.5K
Sold Prices/m²£613/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£76,217

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,738

Stamp Duty & Legal Fees

£3,449

Total Cash In

£22,186

 

 

Cash Out

 

Rent Range

£475 - £1,995

Rent Estimate

£543

Running Costs/mo

£363

Cashflow/mo

£180

Cashflow/yr

£2,162

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £35K to £129.5K, average is £77K. £613/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£60K05/210 mi12, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£59.5K10/200 mi32, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£55K01/240 mi22, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£68K02/210.06 mi69, Hylton Street, Sunderland, Tyne And Wear SR4 7DG2
£53K02/210.06 mi4, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£66K01/210.06 mi1, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£63K02/240.06 mi27, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£53K02/210.11 mi5, Offerton Street, Sunderland, Tyne And Wear SR4 7EA2
£74K01/240.11 mi1, Rokeby Street, Sunderland, Tyne And Wear SR4 7EQ2
£90K10/230.15 mi23, Howarth Street, Sunderland, Tyne And Wear SR4 7UT2
£65K05/210.16 mi32, Chester Terrace North, Sunderland, Tyne And Wear SR4 7AP2
£90K04/240.18 mi23, Harlow Street, Sunderland, Tyne And Wear SR4 7AR2
£45.5K03/210.19 mi14, Ailesbury Street, Sunderland, Tyne And Wear SR4 6EW2
£75K12/210.19 mi28, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£80K08/210.2 mi8, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£86K03/220.21 mi8, Chester Crescent, Sunderland, Tyne And Wear SR1 3SH2
£71.5K10/210.22 mi39, Chester Mews, Sunderland, Tyne And Wear SR4 7HX2
£75K02/210.22 mi30, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£65K06/230.22 mi33, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£62.5K12/200.22 mi28, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£60.5K02/230.22 mi31, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£110K07/220.22 mi15, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£97K05/230.23 mi12, Hume Street, Sunderland, Tyne And Wear SR4 6HU2
£105K09/230.24 mi12, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£105K09/230.24 mi11, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£86K09/230.26 mi13, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£93.6K09/210.26 mi10, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£95K08/210.27 mi115, Flint Road, Sunderland, Tyne And Wear SR4 6EG2
£92K08/230.29 mi28, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£121K06/230.29 mi23, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£80K02/210.29 mi7, Walpole Court, Sunderland, Tyne And Wear SR4 6JH2
£92K08/230.29 mi3, Vale Street, Sunderland, Tyne And Wear SR4 7NB2
£74K01/240.3 mi11, Dryborough Street, Sunderland, Tyne And Wear SR4 6BL2
£64.6K01/210.31 mi34, Milburn Street, Sunderland, Tyne And Wear SR4 6AX2
£96K05/210.31 mi22, Ingleby Terrace, Sunderland, Tyne And Wear SR4 7NF2
£46K01/230.32 mi2, Kings Terrace, Sunderland, Tyne And Wear SR4 6HW2
£70K10/220.32 mi10, Wharncliffe Street, Sunderland, Tyne And Wear SR1 3RG2
£80K02/210.33 mi3, Beachville Street, Sunderland, Tyne And Wear SR4 7NA2
£123K06/230.34 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£78K12/200.34 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£76K11/230.35 mi10, Violet Street, Sunderland, Tyne And Wear SR4 6AE2
£35K03/240.35 mi20, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP2
£69K05/220.36 mi25, Gillhurst Grange, Sunderland, Tyne And Wear SR1 3QN2
£90K01/210.36 mi11, Enderby Road, Sunderland, Tyne And Wear SR4 6BA2
£113K10/210.38 mi17, Corning Road, Sunderland, Tyne And Wear SR4 6EE2
£120K11/230.38 mi28, Queens Crescent, Sunderland, Tyne And Wear SR4 7JN2
£68K06/210.38 mi27, Lily Street, Sunderland, Tyne And Wear SR4 6AQ2
£112.5K05/230.38 mi13, Greta Terrace, Sunderland, Tyne And Wear SR4 7RD2
£129.5K08/210.39 mi9, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ2
£86.5K11/200.39 mi17, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2

Local Rents

33 rents from £475/mo to £2K/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£77503/250.11 mi-2
£65009/240.16 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£52509/240.21 miPickard Street, Millfield, Sunderland2
£60010/230.23 mi-2
£67509/240.23 mi-2
£79509/240.26 mi-2
£59501/250.26 mi-2
£75003/250.28 mi-2
£65009/240.32 miKings Terrace, Sunderland, Tyne and Wear, SR42
£75009/240.34 miSummerhill, Thornhill, Sunderland, SR22
£65008/240.35 mi-2
£75009/240.38 mi-2
£75002/250.38 mi-2
£68511/240.39 mi-2
£68511/240.39 mi-2
£85009/240.41 mi-2
£75012/240.41 mi-2
£75009/240.42 miLeopold House, Albert Court, Sunderland, SR22
£1,99501/250.42 mi-2
£69509/240.42 miAlbert Court, Royal Courts, Sunderland2
£59509/240.45 mi-2
£57503/250.45 mi-2
£67509/240.45 miPallion Road, Sunderland, Tyne And Wear, SR42
£65009/240.46 miHighfield Place, Pallion, Sunderland2
£75008/240.47 mi-2
£47509/240.48 mi-2
£49503/250.48 mi-2
£62503/250.52 mi-2
£59502/250.55 mi-2
£71501/250.57 mi-2
£85003/250.57 mi-2
£80010/240.57 mi-2
£1,10002/250.57 mi-2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £74,950

October 10, 2024

Sold for £25,000

2000

Description

  • Two Bedrooms +
  • Mid Terraced House +
  • Gas Central Heating & Double Glazing +
  • Currently Tenanted +
  • Close to Local Amenities and Transport Links +
  • Viewing Recommended +

Safe and Secure welcome to the market this Two Bedroom Mid Terraced House in the popular area of Rainton Street, Millfield.
The property benefits from gas central heating and double glazing.
Currently tenanted the property would be a good investment for property investors and landlords.
Viewings recommended. 

ENTRANCE HALL Entrance door. 

LOUNGE 12' 1" x 12' 1" (3.7m x 3.7m) Window to rear, wood effect fireplace, electric fireplace, radiator. 

KITCHEN 11' 9" x 5' 10" (3.6m x 1.8m) Fitted wall and base units, single drainer sink, double glazed window to side and double glazed door to rear. 

MASTER BEDROOM 15' 5" x 10' 9" (4.7m x 3.3m) Window to front, coving to ceiling and radiator. 

BEDROOM 2 6' 6" x 6' 6" (2'2m x 2'9m) Window to rear and radiator. 

BATHROOM 3' 3" x 3' 3" (1'9m x 1'8m) 3 piece white suite comprising of panelled bath with shower over, pedestal wash hand basin, low level WC, extractor fan and radiator. 

REAR YARD Fenced wall boundries, mainly paved, gates access.

Agent Details

Safe & Secure Properties, Houghton Le Spring

0191 625 1035

Next Steps?

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