2 Bed Flat, Cash/Bridging Only, Sunderland, SR5 4DR, £35,000

York House, Town End Farm, SR5 4DR - 6 months ago

Leasehold
Auction
BTL
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£35K - £254K
Sold Prices/m²£625/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£514/m²

Value Estimate

£43,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£8,750

Stamp Duty & Legal Fees

£2,950

Total Cash In

£11,700

 

 

Cash Out

 

Rent Range

£423 - £750

Rent Estimate

£0

Running Costs/mo

£129

Cashflow/mo

£-129

Cashflow/yr

£-1,552

Local Sold Prices

46 sold prices from £35K to £254K, average is £92K. £625/m² to £2.8K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£38.8K09/210.24 mi18, King James Court, Sunderland, Tyne And Wear SR5 4PB2
£43K01/240.25 mi4, King James Court, Sunderland, Tyne And Wear SR5 4PB2
£35K07/220.26 mi11, King Charles Court, Sunderland, Tyne And Wear SR5 4PD2
£41K11/220.29 mi47, King Henry Court, Sunderland, Tyne And Wear SR5 4PA2
£60K04/210.45 mi71, Hylton Lane, Sunderland, Tyne And Wear SR5 4EA2
£175K10/210.67 mi1, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£135K02/230.67 mi17, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£171K08/230.67 mi25, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£180K10/210.67 mi22, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£169K04/220.67 mi16, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£173K12/210.68 mi24, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£181K09/210.68 mi4, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£140K06/220.76 mi91, Addison Road, West Boldon, East Boldon, Tyne And Wear NE36 0QZ2
£102.5K10/210.76 mi9, Hamilton Terrace, West Boldon, East Boldon, Tyne And Wear NE36 0PP2
£102.5K10/210.76 mi9, Hamilton Terrace, West Boldon, East Boldon, Tyne And Wear NE36 0PP2
£254K05/210.85 miElmwood Cottage, Dipe Lane, East Boldon, Tyne And Wear NE36 0PJ2
£42K05/221.06 mi173, Arnold Street, Boldon Colliery, Tyne And Wear NE35 9BA2
£55K01/211.07 mi2, East View, Boldon Colliery, Tyne And Wear NE35 9AY2
£133K09/211.22 mi19, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£127.5K10/201.22 mi17, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£124K11/211.22 mi15, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£124K11/211.22 mi15, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£52K10/201.28 mi8, Pages Buildings, Boldon Colliery, Tyne And Wear NE35 9AH2
£160K12/231.29 mi22, Front Street, East Boldon, Tyne And Wear NE36 0SN2
£174.5K06/231.29 mi20, Front Street, East Boldon, Tyne And Wear NE36 0SN2
£119.5K08/211.4 mi48, Toppings Street, Boldon Colliery, Tyne And Wear NE35 9HX2
£200K05/211.45 mi11, St Bedes, East Boldon, Tyne And Wear NE36 0LE2
£169.9K03/231.49 mi29, Burnham Grove, East Boldon, Tyne And Wear NE36 0DU2
£92K07/221.5 mi6, Helmesley Court, Sunderland, Tyne And Wear SR5 5HH2
£92K10/221.54 mi49, Hedworth Lane, Boldon Colliery, Tyne And Wear NE35 9HZ2
£78.6K06/231.56 mi44, Hedworth Lane, Boldon Colliery, Tyne And Wear NE35 9HS2
£69K12/231.64 mi29, Langholm Court, East Boldon, Tyne And Wear NE36 0JZ2
£98K08/241.64 mi30, Langholm Court, East Boldon, Tyne And Wear NE36 0JZ2
£72K02/231.64 mi12, Langholm Court, East Boldon, Tyne And Wear NE36 0JZ2
£97.5K12/221.79 mi20, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£76K08/231.79 mi18, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£80K07/211.79 mi30, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£70K06/231.79 mi8, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£74K04/231.79 mi23, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£76K10/201.79 mi31, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£70K01/211.79 mi14, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£76K07/221.81 mi17, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£80K12/221.81 mi29, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£85K07/221.81 mi1, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£78K05/231.96 mi2, Ripon Square, Jarrow, Tyne And Wear NE32 4UZ2
£61K02/211.96 mi1, Ripon Square, Jarrow, Tyne And Wear NE32 4UZ2

Local Rents

15 rents from £423/mo to £750/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£75012/240.08 mi-2
£60009/240.12 miBaxter Road, Sunderland, Tyne And Wear, SR52
£65009/240.14 miBognor Street, Sunderland, SR52
£52003/250.29 mi-2
£62503/250.3 mi-2
£57510/230.32 mi-2
£57510/230.32 mi-2
£59501/250.32 mi-2
£65009/240.34 miBingley Street, Town End Farm, Sunderland2
£55006/240.35 mi-2
£59503/250.35 mi-2
£62509/240.42 miKildare Square, Sunderland2
£69507/240.53 mi-2
£42310/240.61 mi-2
£42310/240.61 mi-2

Local Area Statistics

Population in SR5

34,580

Population in Sunderland

183,740

Town centre distance

2.46 miles away

Nearest school

0.10 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £35,000

October 22, 2024

Floor Plans

Description

  • Stair-free living in Downhill. +
  • Close to amenities and schools. +
  • Secure entry and allocated parking. +
  • Ideal for investors and first-time buyers. +
  • Convenient transport links to City Centre. +
  • Communal gardens for outdoor relaxation. +
  • The property is Leasehold with a term beginning on 5th March 2018 ending on and including 20th November 2176. +
  • Reference: 448957 +

FOR SALE BY WAY OF ONLINE AUCTION on 30th April 2025 - Terms and Conditions apply. See Agents Property Auctions Website for full details. - VIDEO LINK AVAILABLE UPON REQUEST!

INVESTMENT OPPORTUNITY!! Two bedroom ground floor apartment sure to appeal to those looking for stair free living. Being situated within the ever popular area of Downhill surrounded by a wide range of local amenities, well regarded schools and good transport links to the City Centre and A19. Having secure entry system to the communal lobby/hallway. Externally there is allocated parking and communal gardens. Call now to view!
COMMUNAL ENTRANCE

APARTMENT ENTRANCE

LOUNGE 4.35m (14'3) x 2.24m (7'4)
Double glazed bay window, two radiators.
KITCHEN 3.1m (10'2) x 2.26m (7'5)
Wall and floor units, sink unit, double glazed window.
BEDROOM 4.24m (13'11) x 3.09m (10'2)
Double glazed window and radiator.
BEDROOM 3.23m (10'7) x 2.25m (7'5)
Double glazed window and radiator.
BATHROOM 2.55m (8'4) x 1.7m (5'7)
Panel bath, low level toilet, wash basin, double glazed window.
ALLOCATED PARKING

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel:
Tenure
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 3 Mbps and a maximum download speed of 48 Mbps at this postcode: SR5 4DR and mobile coverage is provided by EE, THREE, O2, 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: D

The property is Leasehold with a term beginning on 5th March 2018 ending on and including 20th November 2176.

Agent Details

Andrew Craig, Auction

01661 525163

Next Steps?

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