2 Bed Flat, Potential PLO/LOA, Sunderland, SR2 7LQ, £99,950

EDWARD HOUSE Albert Court, Sunderland, Tyne And Wear, SR2 7LQ - 5 views - 7 months ago

Sold STC
Leasehold
Negative Equity
ROI: 3%
54 m²
+10 photos

ValuationOvervalued

Sold Prices£35K - £190K
Sold Prices/m²£609/m² - £4.5K/m²

 

 

Square Metres

53.80 m²
Price/m²£1.9K/m²

Value Estimate

£68,694

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,199

Total Cash In

£29,186

 

 

Cash Out

 

Rent Range

£450 - £1,995

Rent Estimate

£495

Running Costs/mo

£431

Cashflow/mo

£64

Cashflow/yr

£764

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £35K to £190K, average is £81K. £609/m² to £4.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£71K12/200 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£75K08/230.01 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£60K02/210.03 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/230.03 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£96.5K09/220.05 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£68K06/210.05 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/210.05 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£72.5K02/210.06 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£110K06/230.26 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£39K09/210.28 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£39K09/210.28 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£56.7K01/210.3 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£80K03/220.33 mi17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£82K09/230.34 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£65K10/220.34 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£120K05/210.35 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£80K01/220.36 mi22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£71K04/220.36 mi21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£72.5K12/210.38 mi28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£85.5K07/220.38 mi29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£74.3K05/240.38 mi36, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£82K05/210.38 mi20, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£120K02/210.44 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/210.44 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£190K06/230.53 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/210.53 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/230.53 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£110K12/200.54 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£92.5K07/230.55 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/210.55 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/230.55 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£118K11/200.59 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£75K06/210.6 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£155K04/230.63 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/200.63 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£185K02/210.64 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£101K10/210.65 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.65 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£52K03/210.65 mi47, John Candlish Road, Sunderland, Tyne And Wear SR4 6HB2
£53.5K09/230.67 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/200.67 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£35K10/230.68 miApartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£58.5K08/230.68 miApartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH2
£65K12/210.68 miApartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£75K02/230.69 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£78K05/210.72 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/210.72 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£94K11/220.74 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£50K11/220.75 miApartment 19, Biscop House, Villiers Street, Sunderland, Tyne And Wear SR1 1ER2
£106K12/200.79 mi7 Bonners Raff, Chandlers Road, Sunderland, Tyne And Wear SR6 0AD2

Local Rents

50 rents from £450/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£68511/240 mi-2
£68511/240 mi-2
£75009/240.03 mi-2
£75002/250.03 mi-2
£69509/240.04 miAlbert Court, Royal Courts, Sunderland2
£85009/240.04 mi-2
£75009/240.05 miSummerhill, Thornhill, Sunderland, SR22
£75009/240.05 miLeopold House, Albert Court, Sunderland, SR22
£75008/240.09 mi-2
£1,10002/250.2 mi-2
£71501/250.22 mi-2
£85003/250.22 mi-2
£80010/240.22 mi-2
£60010/230.25 mi-2
£70009/240.25 mi-2
£70010/240.25 mi-2
£79509/240.27 mi-2
£45009/240.28 miArgyle Street, City Centre, Sunderland2
£87512/240.28 mi-2
£70003/250.28 mi-2
£1,99501/250.29 mi-2
£75009/240.29 miArgyle Square, Sunderland, SR22
£70009/240.29 mi-2
£70004/250.29 mi-2
£70009/240.29 miArgyle Square, Sunderland, SR22
£65009/240.29 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£67512/240.3 mi-2
£70011/240.3 mi-2
£70001/250.3 mi-2
£70002/250.3 mi-2
£65004/250.31 mi-2
£70009/240.32 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£70009/240.32 mi-2
£69509/240.32 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£70010/240.32 mi-2
£70008/240.32 mi-2
£67509/240.35 mi5 Thornhill Gardens, Sunderland, SR22
£69509/240.37 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£65009/240.39 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£65009/240.39 miGrange Crescent, Stockton Road, Sunderland, SR22
£77502/250.39 mi-2
£70009/240.4 miSt Georges House, Ashbrooke, Sunderland, SR22
£65009/240.4 miGrange Crescent, Sunderland, Stockton Road, SR22
£67509/240.41 mi-2
£49509/240.43 mi-2
£49511/240.43 mi-2
£49511/240.43 mi-2
£75009/240.44 miEnnerdale, Ashbrooke2
£75002/250.44 mi-2
£75001/250.44 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £99,950

-11%

October 11, 2024

Sold for £111,000

2006

Sold for £84,000

2001

Floor Plans

Description

  • Apartment +
  • Top Floor +
  • 2 Bedrooms +
  • Living Room +
  • Kitchen / Breakfast Room +
  • Bathroom & En Suite +
  • Allocated parking +
  • EPC Rating: TBC +

This superb 2 bed apartment is located on the third floor in Edward House in Royal Courts which is a gated development within walking distance of Sunderland City Centre, Sunderland University, local amenities and the region beyond. The apartment briefly comprises of; Entrance Hall, Living Room, 2 Bedrooms, Bathroom, En Suite and Kitchen / Breakfast Room. Externally there are communal gardens and an allocated parking space all set within a gated development. Viewing is highly recommended to appreciate the space, property and location on offer.

Entrance Hall - Laminate floor, radiator, storage cupboard

Living Room - 5.71 to bay x 3.99 (18'8" to bay x 13'1") - The Living Room has a bay window with three timber framed double glazed windows, two radiators, telephone door entry system

Kitchen / Breakfast Room - 3.04 x 3.40 (9'11" x 11'1") - The Kitchen has a range of floor and wall units, tile splashbacks, electric oven, electric hob with extractor over, stainless steel sink and drainer with mixer tap, cupboard with wall mounted gas central heating boiler, radiator, recessed spot lighting, timber framed double glazed window

Bedroom One - 4.29 max x 3.01 (14'0" max x 9'10") - Timber framed double glazed window, radiator, range of fitted wardrobes

En Suite - White suite comprising low level wc, pedestal wash hand basin with mixer tap and tile surround, bath, shower cubicle with tile surround, radiator

Bedroom Two - 4.32 x 3.04 (14'2" x 9'11") - Timber framed double glazed window, laminate floor, radiator

Bathroom - White suite comprising low level wc, pedestal wash hand basin with mixer tap set on a vanity unit, bath with mixer tap and tile surround, tiled floor, radiator

Externally / Parking - Externally there are communal gardens and an allocated parking space.

Tenure - We are advised by the Vendors that the property is leasehold for a term of 125 years from 1st June 2000. Any prospective purchaser should clarify this with their Solicitor

Council Tax - The Council Tax Band is Band C.

Free Valuations - We are pleased to offer a free valuation service for prospective purchasers considering a sale of their own property. We can advise you with regard to marketing, without obligation

Mortgage Advice - Mortgages can be arranged via our Financial Advisers subject to status. Your home may be repossessed if you do not keep up repayments on your mortgage.

Agent Details

Michael Hodgson, Sunderland

0191 625 0998

Next Steps?

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