4 Bed Semi-Detached House, Refurb/BRRR, Sunderland, SR2 9DQ, £175,000

Myrella Crescent, Tunstall, Sunderland, SR2 9DQ - 2 views - 6 months ago

Sold STC
Refurb/BRRR
~129 m²
+13 photos

ValuationUndervalued

Sold Prices£90K - £685K
Sold Prices/m²£989/m² - £3.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.4K/m²

Value Estimate

£185,000

 

 

End Value (After Refurb)

£243,794

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£49,341

Bridging Loan Interest

£4,594

Total Cash In

£106,185

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£243,794

Mortgage (After Refinance)

£182,846

Mortgage LTV

75%

Cash Released

£51,596

Cash Left In

£54,590

Equity

£60,949

Rent Range

£550 - £3,500

Rent Estimate

£1,017

Running Costs/mo

£985

Cashflow/mo

£32

Cashflow/yr

£381

ROI

0%

Gross Yield

7%

Local Sold Prices

50 sold prices from £90K to £685K, average is £259.5K. £989/m² to £3.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£250K08/210.04 mi26, Myrella Crescent, Sunderland, Tyne And Wear SR2 9DH4
£220K06/230.21 mi55, Laurel Grove, Sunderland, Tyne And Wear SR2 9EE4
£193.5K08/210.24 mi220, Leechmere Road, Sunderland, Tyne And Wear SR2 9JG4
£160K05/210.24 mi192, Westheath Avenue, Sunderland, Tyne And Wear SR2 9JL4
£215K11/200.25 mi4, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB4
£315K07/230.25 mi30, Heathfield, Sunderland, Tyne And Wear SR2 9EW4
£325K06/210.25 mi50, Heathfield, Sunderland, Tyne And Wear SR2 9EW4
£319.9K06/210.25 mi28, Heathfield, Sunderland, Tyne And Wear SR2 9EW4
£190K12/200.26 mi11, The Precinct, Sunderland, Tyne And Wear SR2 9DN4
£235K05/210.34 mi39, Glenesk Road, Sunderland, Tyne And Wear SR2 9BN4
£210K12/200.34 mi6, Lulworth Gardens, Sunderland, Tyne And Wear SR2 9BG4
£685K06/220.37 mi1, Linden Gardens, Sunderland, Tyne And Wear SR2 9BW4
£320K08/220.4 mi63, Sea View Road West, Sunderland, Tyne And Wear SR2 9HA4
£258K11/200.41 mi93, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9HN4
£240K08/210.43 mi113, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ4
£232.5K10/200.43 mi98, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ4
£223K11/200.43 mi126, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ4
£295K05/230.43 mi61, Sea View Road West, Sunderland, Tyne And Wear SR2 9HA4
£292.5K01/210.43 mi67, Sea View Road West, Sunderland, Tyne And Wear SR2 9HA4
£545K06/220.44 miPool Cottage, Linden Road, Sunderland, Tyne And Wear SR2 9AU4
£325K11/210.47 mi1, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£240K03/210.47 mi12, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£385K07/210.47 mi56, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£425K08/230.47 mi61, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£275K08/210.47 mi44, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£298K10/200.47 mi54, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£340K09/220.48 mi1, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£308K08/210.49 mi2, Brignall Rise, Sunderland, Tyne And Wear SR3 1PS4
£215K07/210.5 mi2, Baldersdale Gardens, Sunderland, Tyne And Wear SR3 1PU4
£246.5K01/210.5 mi9, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS4
£90K05/210.51 mi42, Regency Drive, Sunderland, Tyne And Wear SR3 1DH4
£360K11/220.51 mi46, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY4
£285K06/210.52 mi2, Butsfield Gardens, Sunderland, Tyne And Wear SR3 1PN4
£292.6K11/220.52 mi25, Newlands Avenue, Sunderland, Tyne And Wear SR3 1XW4
£192K09/210.53 mi4, Bowbank Close, Sunderland, Tyne And Wear SR3 1PW4
£210K11/200.53 mi9, Hillside, Sunderland, Tyne And Wear SR3 1YN4
£235K07/210.54 mi16, Cotherstone Court, Sunderland, Tyne And Wear SR3 1NJ4
£260K05/230.54 mi3, Newlands Avenue, Sunderland, Tyne And Wear SR3 1XW4
£259K04/210.54 mi7, Newlands Avenue, Sunderland, Tyne And Wear SR3 1XW4
£410K11/200.55 miPark House, Glen Path, Sunderland, Tyne And Wear SR2 7TU4
£245K07/210.56 mi26, Newlands Avenue, Sunderland, Tyne And Wear SR3 1XW4
£271K12/200.57 mi5, Greenrigg Gardens, Sunderland, Tyne And Wear SR3 1XP4
£250K07/230.57 mi3, Greenrigg Gardens, Sunderland, Tyne And Wear SR3 1XP4
£310K10/200.58 mi1, Bainbridge Holme Close, Sunderland, Tyne And Wear SR3 1YX4
£180K02/210.6 mi14, Wroxham Court, Sunderland, Tyne And Wear SR2 9PG4
£276.3K08/230.61 mi8, Elstob Place, Sunderland, Tyne And Wear SR3 1PF4
£450K01/230.62 mi2, Thornfield Grove, Sunderland, Tyne And Wear SR2 7UZ4
£337K07/230.64 mi12, Wooler Square, Sunderland, Tyne And Wear SR2 7UU4
£200K10/210.64 mi12, Audley Gardens, Sunderland, Tyne And Wear SR3 1XR4
£154.5K08/210.64 mi28, Maple Avenue, Sunderland, Tyne And Wear SR3 1DW4

Local Rents

48 rents from £550/mo to £3.5K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£95009/240.29 miLeechmere Road, Tunstall, Sunderland3
£1,20009/240.63 miQueen Alexandra Road, Grangetown, Sunderland4
£95009/240.64 miCamberley Close, Tunstall3
£1,35009/240.67 miRidgeway Crescent, Ashbrooke3
£70012/240.69 mi-3
£65009/240.79 miSomerset Street, Sunderland, Tyne and Wear, SR33
£1,10009/240.81 miRowlandson Terrace5
£70009/240.81 miOswald Terrace, Grangetown, Sunderland3
£72509/240.83 miAttlee Grove, Sunderland3
£72509/230.87 mi-3
£80009/240.89 mi-3
£1,30009/240.9 miBriery Vale Road, Sunderland4
£85009/240.91 miGrange Street South, Sunderland, Tyne and Wear, SR23
£1,50010/240.92 mi-4
£1,50009/240.92 miHastings Street, Sunderland, SR24
£85008/240.92 mi-4
£1,30009/240.92 mi-4
£1,40009/240.92 mi-4
£90009/240.94 miThornlea Court, Thornhill, Sunderland, SR23
£72509/240.95 miSilksworth Terrace, Sunderland3
£75001/250.96 mi-3
£89502/240.96 mi-4
£75009/240.97 miLord Street, Sunderland, Tyne And Wear, SR33
£70004/240.98 mi-3
£85009/240.99 miTarn Drive, Grangetown, Sunderland3
£65009/241 mi-3
£59501/251 mi-3
£65001/251 mi-3
£65009/241 miSaint Leonard Street, Sunderland, SR23
£1,20003/241 mi-4
£75009/241.02 miPlains Road, Plains Farm, Sunderland , SR33
£55009/241.03 miMowbray Close, Sunderland7
£79501/251.04 mi-3
£3,50003/251.05 mi-3
£1,55005/241.05 mi-3
£1,30009/241.06 miAshwood Terrace, Thornhill5
£75009/241.07 miEdward Street, Sunderland, Tyne And Wear, SR33
£79511/241.07 mi-3
£78009/241.08 mi-3
£78003/251.08 mi-3
£82509/241.09 mi-3
£2,30012/241.1 mi-4
£1,75009/241.11 miCresswell Terrace, Thornhill, Sunderland, SR25
£1,40009/241.11 miCresswell Terrace, Thornhill, Sunderland, SR24
£80009/241.12 miHurstwood Road, High Barnes, Sunderland3
£85003/251.12 mi-3
£75006/241.15 mi-3
£95003/251.16 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.80 miles away

Nearest school

0.30 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Price changed to £175,000

December 18, 2024

Listed for £185,000

October 14, 2024

Floor Plans

Description

  • Extended Semi Detached Home +
  • In Need of Updating and Modernising +
  • 4 Bedrooms +
  • 2 Reception Rooms +
  • Gardens to the Rear with Garage and Driveway +
  • Highly Desirable Location +
  • Easy Reach of Many Local Amenities +
  • Easy Access to the A19 and City Centre +
  • No Upward Chain +
  • Viewing Highly Recommended +

An extended four bedroom semi-detached house providing spacious accommodation within this sought-after residential area. Internally on the ground floor there is an entrance porch, hall with staircase to the first floor, lounge, dining room, lobby with downstairs wc and a kitchen whilst to the first floor four bedrooms and a bathroom/wc. Externally there is a driveway, an integral garage and a delightful garden to the rear. Located just off Leechmere Road within this popular area of Tunstall, the property is ideally placed for well-regarded local schools and shops as well as for providing links to Sunderland City Centre and major road connections. Available with no upper chain involved, viewing is highly recommended.

Ground Floor - Access via single glazed entrance door to porch.

Entrance Porch - Single glazed window and inner double glazed door to hall.

Hallway - Radiator, staircase to first floor and doors leading off to lounge and dining room.

Lounge - 4.92 into bay x 3.36 into alcove (16'1" into bay x - Double glazed bay window to front, radiator and sliding door leading through to dining room.

Dining Room - 5.37 x 1.97 extending to 3.17 (17'7" x 6'5" extend - Double glazed window to rear overlooking the garden, radiator and door to lobby.

Lobby - Double glazed external door to rear garden. Internal doors to ground floor WC and kitchen.

Ground Floor Wc - Low level WC, mini washbasin and double glazed window.

Kitchen - 2.90 x 4.10 (9'6" x 13'5") - Fitted wall and base units with work surfaces over incorporating a sink and drainer unit, space for range style cooker, fridge freezer and washing machine, double glazed window to rear and door to garage.

First Floor Landing - Built in cupboard providing storage space and housing the boiler. Access to boarded and floored loft via ladders. Doors leading off to four bedrooms and bathroom.

Bedroom 1 - 6.18 x 3.80 (20'3" x 12'5") - Maximum measurements including fitted wardrobes, average measurement taken as irregular shape room. Enjoying a dual aspect with double glazed windows to the front and rear, two radiators, fitted sliding door wardrobes.

Bedroom 2 - 3.69 x 2.42 not including robes (12'1" x 7'11" not - Double glazed window to front, radiator and built in wardrobes.

Bedroom 3 - 3.07 x 2.07 not including robes (10'0" x 6'9" not - Double glazed window to rear, radiator and built in wardrobes.

Bedroom 4 - 2.25 x 2.43 (7'4" x 7'11") - Maximum measurements including stairhead area and sloping ceiling, double glazed window to front, radiator and loft access hatch.

Bathroom - Fitted WC, pedestal washbasin and bath with electric shower over, radiator and two double glazed windows.

Outside - Garden to the front with a driveway providing access to the garage and to the rear of the property there is a delightful mature garden with a lawn and established planting.

Garage - 5'0 x 3.30 extending to 3.70 (16'4"'0'0" x 10'9" e - Integral garage with up and over access door and an internal door to kitchen.

Council Tax Band - The Council Tax Band is Band C.

Tenure Freehold - We are advised by the Vendors that the property is Freehold. Any prospective purchaser should clarify this with their Solicitor.

Fawcett Street Viewings - To arrange an appointment to view this property please contact our Fawcett Street branch on or book viewing online at peterheron.co.uk

Important Notice - Peter Heron Ltd for themselves and for the vendors of this property whose agents they are, give notice that:-
The particulars are set out for general guidance only for the intending Purchasers and do not constitute part of an offer or contract. Whilst we endeavour to make our sales particulars accurate and reliable, if there is anything of particular importance which you feel may influence your decision to purchase, please contact the office and we will be pleased to check the information. Do so particularly, if contemplating travelling some distance to view the property.
All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, however any intending purchasers should not rely on them that statements are representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Independent property size verification is recommended.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. No person in the employment of Peter Heron Ltd has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor to enter into any contract on behalf of Peter Heron Ltd, nor into any contract on behalf of the Vendor. The copyright of all details and photographs remain exclusive to Peter Heron Ltd.
Please note that in the event the purchaser uses the services of Peter Heron Conveyancing in the purchase of their home, Peter Heron Ltd will be paid a completion commission of £210.00 by Movewithus Ltd.

Opening Times - Monday to Friday 9.00am - 5.00pm Saturday 9.00am - 12noon

Ombudsman - Peter Heron Estate Agents are members of The Property Ombudsman and subscribe to The Property Ombudsman Code of Practice.

Agent Details

Peter Heron Residential Sales and Lettings, Sunderland

0191 625 1058

Next Steps?

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