3 Bed Terraced House, Refurb/BRRR, Sunderland, SR4 7DT, £140,000

Broxbourne Terrace, Millfield, SR4 7DT - 5 views - 5 months ago

Leasehold
Refurb/BRRR
ROI: 6%
~93 m²
+2 photos

ValuationOvervalued

Sold Prices£33.5K - £180K
Sold Prices/m²£284/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£110,880

 

 

End Value (After Refurb)

£117,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,699

Refurb Costs

£35,688

Bridging Loan Interest

£3,675

Total Cash In

£81,811

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,000

Mortgage (After Refinance)

£87,750

Mortgage LTV

75%

Cash Left In

£81,811

Equity

£29,250

Rent Range

£700 - £3,500

Rent Estimate

£995

Running Costs/mo

£585

Cashflow/mo

£410

Cashflow/yr

£4,925

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £33.5K to £180K, average is £110.5K. £284/m² to £1.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£162.5K01/230.01 mi1, Broxbourne Terrace, Sunderland, Tyne And Wear SR4 7DT3
£76K04/210.02 mi8, Hylton Street, Sunderland, Tyne And Wear SR4 7DU3
£105K02/230.06 mi3, Croft Avenue, Sunderland, Tyne And Wear SR4 7DP3
£108K04/230.06 mi34, Hylton Street, Sunderland, Tyne And Wear SR4 7DX3
£68K12/200.07 mi28, Eldon Street, Sunderland, Tyne And Wear SR4 7DW3
£97K11/230.07 mi33, Eldon Street, Sunderland, Tyne And Wear SR4 7DW3
£92K02/210.08 mi168, Chester Road, Sunderland, Tyne And Wear SR4 7EY3
£80K08/210.1 mi26, Chester Mews, Sunderland, Tyne And Wear SR4 7HX3
£71K05/210.1 mi9, Houghton Street, Sunderland, Tyne And Wear SR4 7DY3
£96K03/230.1 mi33, Houghton Street, Sunderland, Tyne And Wear SR4 7DY3
£107K11/230.11 mi77, Sorley Street, Sunderland, Tyne And Wear SR4 7UY3
£117K12/210.12 mi17, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU3
£139K12/200.14 mi30, Cleveland Road, Sunderland, Tyne And Wear SR4 7JS3
£120K07/210.14 mi19, Cleveland Road, Sunderland, Tyne And Wear SR4 7JS3
£122K10/230.15 mi9, Cooperative Terrace, Sunderland, Tyne And Wear SR4 7JD3
£75K10/200.16 mi16, Thelma Street, Sunderland, Tyne And Wear SR4 7HA3
£33.5K07/230.16 mi36, Thelma Street, Sunderland, Tyne And Wear SR4 7HA3
£82.5K07/230.17 mi25, Hutton Street, Sunderland, Tyne And Wear SR4 7HB3
£115K04/230.17 mi21, Ingleby Terrace, Sunderland, Tyne And Wear SR4 7NF3
£90K06/230.17 mi12, Vale Street, Sunderland, Tyne And Wear SR4 7NB3
£158.8K10/210.18 mi2, Jackson Street, Sunderland, Tyne And Wear SR4 7TX3
£107.5K12/210.19 mi2, Queens Crescent, Sunderland, Tyne And Wear SR4 7JW3
£112.5K11/200.19 mi14, Oaklands Terrace, Sunderland, Tyne And Wear SR4 7NG3
£95K07/210.2 mi35, Howarth Street, Sunderland, Tyne And Wear SR4 7UT3
£89.5K12/200.2 mi62, Cleveland Road, Sunderland, Tyne And Wear SR4 7JR3
£111K04/240.21 mi12, Fernville Street, Sunderland, Tyne And Wear SR4 7LX3
£125K11/230.21 mi24, Grindon Terrace, Sunderland, Tyne And Wear SR4 7TT3
£130K04/210.22 mi58, General Graham Street, Sunderland, Tyne And Wear SR4 7JF3
£139.9K08/230.22 mi46, General Graham Street, Sunderland, Tyne And Wear SR4 7JF3
£137K02/230.22 mi65, Cleveland Road, Sunderland, Tyne And Wear SR4 7JR3
£71K04/210.22 mi6, The Knoll, Sunderland, Tyne And Wear SR2 7PL3
£170K02/230.23 mi2, Pendle Green, Sunderland, Tyne And Wear SR4 7NU3
£170K12/210.23 mi3, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£137K11/200.23 mi16, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£149K10/200.23 mi3, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£155K08/230.23 mi5, Chatsworth Street, Sunderland, Tyne And Wear SR4 7TR3
£125K11/210.23 mi5, Sydenham Terrace, Sunderland, Tyne And Wear SR4 7JG3
£95K11/210.23 mi12, Sydenham Terrace, Sunderland, Tyne And Wear SR4 7JG3
£160K07/230.24 mi12, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ3
£90K08/230.24 mi19, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ3
£135K12/230.24 mi9, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ3
£158K12/230.26 mi83, Cleveland Road, Sunderland, Tyne And Wear SR4 7JP3
£142K10/210.27 mi4, Mount Road, Sunderland, Tyne And Wear SR4 7ND3
£75K10/210.27 mi8, Harlow Street, Sunderland, Tyne And Wear SR4 7AR3
£100K10/230.29 mi2, St Marks Street, Sunderland, Tyne And Wear SR4 7BH3
£98K02/210.29 mi17, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG3
£123.2K02/240.3 mi36, Hurstwood Road, Sunderland, Tyne And Wear SR4 7LE3
£110K07/210.3 mi27, Hurstwood Road, Sunderland, Tyne And Wear SR4 7LE3
£100K02/240.3 mi5, Booth Street, Sunderland, Tyne And Wear SR4 6HT3
£180K06/230.31 mi20, Otto Terrace, Sunderland, Tyne And Wear SR2 7LW3

Local Rents

22 rents from £700/mo to £3.5K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£85009/240.09 mi-3
£87511/240.21 mi-3
£87509/240.22 miGeneral Graham Street, Sunderland3
£85002/250.22 mi-3
£87502/250.23 mi-3
£80011/230.23 mi-3
£85012/240.23 mi-3
£70009/240.26 miBlackett Terrace, Millfield, Sunderland3
£72509/240.27 miCromwell Street, Sunderland, SR43
£3,50003/250.27 mi-3
£80009/240.3 miHurstwood Road, High Barnes, Sunderland3
£2,50002/250.49 mi-3
£89509/240.54 miHazledene Terrace, Pallion, Sunderland, Tyne and Wear, SR4 6NA3
£90009/240.56 miThornlea Court, Thornhill, Sunderland, SR23
£75002/250.57 mi-3
£97509/240.59 miCresswell Terrace, Sunderland3
£1,00009/240.59 miMount Road, High Barnes, Sunderland3
£1,95009/240.62 mi-3
£1,95001/250.62 mi-3
£2,30003/250.62 mi-3
£78009/240.62 mi-3
£78003/250.62 mi-3

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.65 miles away

Nearest school

0.40 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £140,000

January 31, 2025

Listed for £149,950

October 21, 2024

Description

  • Spacious Mid Terraced House +
  • An Excellent Range Of Shops And Cafes +
  • Convenient For Bus And Metro Connections +
  • Offers Potential For Improvement +
  • Two Reception Rooms +
  • Fitted Kitchen Supported By Utility Room +
  • Reference: 456540 +

Situated on a private road, this spacious mid-terraced house offers an excellent location near Chester Road, providing easy access to a variety of local amenities, including shops, cafes, and restaurants. The property is also conveniently located close to Sunderland Royal Hospital and Sunderland University, making it ideal for families, professionals, or investors.

This period home retains charming original features but is in need of upgrading and modernisation throughout. The ground floor comprises a welcoming entrance hall, two generously sized reception rooms, a kitchen, and a ground-floor bathroom.

Upstairs, the first floor boasts two double bedrooms and a single bedroom, providing ample living space. At the rear, the property benefits from a yard, perfect for outdoor activities or storage.

With great potential, this property offers a fantastic opportunity in a sought-after location. Ideal for buyers looking to put their own stamp on a period property.
ENTRANCE PORCH
Entrance door into Porch with door into Hallway.
HALLWAY
Period features, stairs to first floor landing, understair storage cupboard and radiator.
LOUNGE 4.99m (16'4) x 4.83m (15'10)
Walk in bay, period surround and radiator.
DINING ROOM 6.91m (22'8) x 4.19m (13'9)
Fire surround housing living flame effect fire and radiator.
KITCHEN 4.36m (14'4) x 2.47m (8'1)
Wall and base units with worktops over, built in cupboard, opening to Utility.
UTILITY ROOM 2.93m (9'7) x 2.34m (7'8)
Sink unit with mixer tap.
SHOWER ROOM 3.12m (10'3) x 1.79m (5'10)
Shower cubicle, pedestal hand wash basin and low level W.C.
FIRST FLOOR LANDING
Built in cupboard.
BEDROOM 4.22m (13'10) x 4.17m (13'8)
Radiator.
BEDROOM 4.16m (13'8) x 4.17m (13'8)
Radiator.
BEDROOM 3.12m (10'3) x 2.14m (7'0)
Radiator.
EXTERNALLY
Private road with access to front garden. Yard to rear with pedestrian gate.
Tenure
The property is Freehold.

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 at this postcode: SR47DT and mobile coverage is provided by Three, 02 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
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.

EPC Rating: TBC

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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