3 Bed Semi-Detached House, Refurb/BRRR, Sunderland, SR3 1LE, £147,500

Symington Gardens, Silksworth, Sunderland, Tyne and Wear, SR3 1LE - 3 views - 6 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£45K - £295K
Sold Prices/m²£588/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£114,800

 

 

End Value (After Refurb)

£154,613

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,875

Stamp Duty & Legal Fees

£5,625

Refurb Costs

£35,600

Bridging Loan Interest

£3,872

Total Cash In

£83,722

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£154,613

Mortgage (After Refinance)

£115,959

Mortgage LTV

75%

Cash Released

£5,334

Cash Left In

£78,388

Equity

£38,653

Rent Range

£595 - £1,550

Rent Estimate

£839

Running Costs/mo

£671

Cashflow/mo

£168

Cashflow/yr

£2,016

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £45K to £295K, average is £125.8K. £588/m² to £3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£133K12/200.03 mi12, Southwold Gardens, Sunderland, Tyne And Wear SR3 1LG3
£122.5K02/210.03 mi2, Southwold Gardens, Sunderland, Tyne And Wear SR3 1LG3
£153K07/230.05 mi61, Scarborough Road, Sunderland, Tyne And Wear SR3 1LD3
£107K06/210.06 mi45, Scarborough Road, Sunderland, Tyne And Wear SR3 1LD3
£255K01/230.07 mi57, Ski View, Sunderland, Tyne And Wear SR3 1NP3
£185K07/210.08 mi4, Ski View, Sunderland, Tyne And Wear SR3 1NW3
£295K01/230.1 miHalcyon, Silksworth Lane, New Silksworth, Sunderland, Tyne And Wear SR3 1AQ3
£175K08/230.14 mi33, Vicarage Close, Sunderland, Tyne And Wear SR3 1JF3
£142.5K06/210.17 mi67, Sunnybrow, Sunderland, Tyne And Wear SR3 1DQ3
£130K03/210.17 mi54, Sunnybrow, Sunderland, Tyne And Wear SR3 1DQ3
£134.9K03/210.21 mi42, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG3
£147K04/230.21 mi4, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG3
£126.5K07/210.21 mi17, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG3
£155K11/210.21 mi43, Cavendish Place, Sunderland, Tyne And Wear SR3 1JW3
£116K12/200.27 mi123, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£130K11/200.27 mi112, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£125K04/210.27 mi102, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£185K02/230.27 mi19, Devon Drive, Sunderland, Tyne And Wear SR3 1LB3
£224.9K08/230.28 mi8, Essex Grove, Sunderland, Tyne And Wear SR3 1BG3
£166K12/200.28 mi20, Essex Grove, Sunderland, Tyne And Wear SR3 1BG3
£142K04/210.29 mi51, The Strand, Sunderland, Tyne And Wear SR3 3DS3
£125K08/210.29 mi42, The Strand, Sunderland, Tyne And Wear SR3 3DS3
£105K06/210.29 mi14, Chelmsford Street, Sunderland, Tyne And Wear SR3 1BJ3
£132K04/210.29 mi5, Piccadilly, Sunderland, Tyne And Wear SR3 3DR3
£150K02/230.32 mi5, Athol Grove, Sunderland, Tyne And Wear SR3 1ES3
£136K02/230.32 mi12, Buckingham, Sunderland, Tyne And Wear SR3 3DW3
£145K08/230.33 mi22, Westgate Avenue, Sunderland, Tyne And Wear SR3 1BD3
£90K03/230.35 mi14, Wynyard Street, Sunderland, Tyne And Wear SR3 1ER3
£70K01/230.36 mi71, Warwick Terrace, Sunderland, Tyne And Wear SR3 1BP3
£50K11/210.37 mi16, Seaham Street, Sunderland, Tyne And Wear SR3 1EX3
£80K09/230.38 mi17, Somerset Street, Sunderland, Tyne And Wear SR3 1BS3
£112.5K03/230.38 mi5, Edward Street, Silksworth, Sunderland, Tyne And Wear SR3 1EW3
£127K04/230.4 mi54, Mary Street, New Silksworth, Sunderland, Tyne And Wear SR3 1HD3
£95.5K11/200.4 mi1, Arden Square, Sunderland, Tyne And Wear SR3 3DB3
£125K09/210.42 mi12, Allendale Square, Sunderland, Tyne And Wear SR3 3BT3
£82K05/210.44 mi47, Allendale Road, Sunderland, Tyne And Wear SR3 3DE3
£61K10/200.46 mi7, George Street East, Sunderland, Tyne And Wear SR3 1HG3
£68.5K08/230.46 mi3, Wilson Terrace, Sunderland, Tyne And Wear SR3 1EA3
£250K12/200.47 mi5, Lawn Cottages, Silksworth, Sunderland, Tyne And Wear SR3 2PQ3
£105K11/220.47 mi10, Silksworth Terrace, Silksworth, Sunderland, Tyne And Wear SR3 2AT3
£135K02/210.5 mi45, Cambridge Road, Sunderland, Tyne And Wear SR3 2DQ3
£115K01/230.5 mi6, Allendale Road, Sunderland, Tyne And Wear SR3 3DG3
£115K04/210.52 mi7, Byers Court, Sunderland, Tyne And Wear SR3 1AX3
£93K06/210.52 mi22, Hill Street, Sunderland, Tyne And Wear SR3 2DW3
£82K05/210.52 mi18, Castlereagh Street, Sunderland, Tyne And Wear SR3 1HJ3
£45K11/220.52 mi7, The Crescent, New Silksworth, Sunderland, Tyne And Wear SR3 1DB3
£90K03/210.53 mi9, Tunstall Terrace, New Silksworth, Sunderland, Tyne And Wear SR3 1HH3
£101K02/210.55 mi14, Silksworth Terrace, Sunderland, Tyne And Wear SR3 2AX3
£84K12/200.55 mi58, Archer Road, Sunderland, Tyne And Wear SR3 3JT3
£137K06/230.55 mi10, Abercorn Road, Sunderland, Tyne And Wear SR3 3LG3

Local Rents

24 rents from £595/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72509/230.3 mi-3
£65009/240.38 miSomerset Street, Sunderland, Tyne and Wear, SR33
£75009/240.38 miEdward Street, Sunderland, Tyne And Wear, SR33
£69509/240.41 miArden Square, Farringdon, Sunderland South, SR3 3
£72509/240.54 miSilksworth Terrace, Sunderland3
£75002/250.57 mi-3
£70004/240.61 mi-3
£75009/240.61 miLord Street, Sunderland, Tyne And Wear, SR33
£59510/240.63 mi-3
£82504/250.68 mi-3
£72509/240.73 mi1 Paisley Square, Sunderland3
£65009/230.77 mi-3
£85004/250.79 mi-3
£75009/240.81 miPlains Road, Plains Farm, Sunderland , SR33
£95009/240.87 miCamberley Close, Tunstall3
£1,55005/240.88 mi-3
£78511/240.97 mi-3
£82503/250.97 mi-3
£75007/241 mi-3
£89504/251.01 mi-3
£75008/241.03 mi-3
£95009/241.16 miLeechmere Road, Tunstall, Sunderland3
£1,35009/241.17 miRidgeway Crescent, Ashbrooke3
£1,15010/241.18 mi-3

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

1.88 miles away

Nearest school

0.50 miles away

Nearest train station

1.94 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £147,500

October 12, 2024

Floor Plans

Description

  • 3 Bedroom family home +
  • Corner property on genorous plot +
  • Huge potential +
  • Desirable location +

Pattinson estate agents are delighted to offer to market, this 3-bedroom family home, in the ever-popular Silksworth area of Sunderland.

Situated within this quiet cul-de-sac location, this is a great opportunity to join a thriving community and offers a great location for access to local amenities, shopping and education facilities. There is also an abundance of sports facilities nearby, notably Silksworth Ski slope, Silksworth Cricket club, and Tennis centre.

It is also a great base for access to the A19 and throughout the North east, with Doxford international business park, and Nissan just a short distance away

In need of some modernisation, this property offers huge potential to add your personality and style, and briefly comprises, Entrance porch and hallway, leading to the living room and on to the kitchen and dining area.

To the upstairs there are 3 well-proportioned bedroom and a family bathroom.

Externally, this property sits on a large corner plot and therefore has a large front and side lawn garden with a detached garage and driveway. To the rear, there is multi-level decking and access to the detached garage via a rear door.

We would expect a strong level of interest on this, and would suggest an early viewing to fully appreciate the potential of this property

Please contact us to arrange a viewing

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Sunderland

0191 625 0848

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.