2 Bed Flat, Potential PLO/LOA, Sunderland, SR2 9DE, £125,000

16 Moorhill Court, Sunderland, Tyne And Wear, SR2 9DE - 3 views - 5 months ago

Sold STC
Leasehold
Negative Equity
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£53.5K - £190K
Sold Prices/m²£611/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£93,887

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£475 - £765

Rent Estimate

£528

Running Costs/mo

£516

Cashflow/mo

£12

Cashflow/yr

£141

ROI

0%

Gross Yield

5%

Local Sold Prices

38 sold prices from £53.5K to £190K, average is £86.5K. £611/m² to £4.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£149.9K08/210 mi4, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£153K09/220 mi2, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£82K12/200.15 mi39a, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£76K05/230.15 mi39, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£87K11/200.16 mi127, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ2
£78K12/220.38 mi34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80.8K04/230.38 mi27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£88K01/210.38 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80K03/230.38 mi5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£82K06/230.38 mi50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£155K04/230.59 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/200.59 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£53.5K09/230.61 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/200.61 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£78K05/210.63 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/210.63 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£118K11/200.63 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£94K11/220.66 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£75K02/230.67 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£190K06/230.69 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/210.69 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/230.69 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£92.5K07/230.74 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/210.74 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/230.74 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£110K12/200.77 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£120K02/210.77 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/210.77 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£185K02/210.85 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£120K05/210.86 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£75K06/210.87 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£82K09/230.91 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£65K10/220.91 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£110K06/230.96 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K10/200.96 mi13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£65K01/230.98 mi16, Padstow Close, Sunderland, Tyne And Wear SR2 0YP2
£55.2K01/230.98 mi20, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YZ2
£56.7K01/210.99 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2

Local Rents

14 rents from £475/mo to £765/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£70009/240.37 miOrchard House, Belford Close, SUNDERLAND, SR22
£65002/250.41 mi-2
£59509/240.47 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£65009/240.51 miOcean Road South, Grangetown2
£55003/250.52 mi-2
£65504/250.52 mi-2
£60009/240.52 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£75009/240.53 mi-2
£76509/240.53 miSaint Leonard Street, Sunderland, SR22
£53504/250.54 mi-2
£52508/240.55 mi-2
£47509/240.57 miVillette Road, Hendon, Sunderland2
£55009/240.61 mi-2
£69011/240.61 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.98 miles away

Nearest school

0.10 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £125,000

-18%

October 30, 2024

Sold for £148,000

2015

Sold for £169,950

2007

Sold for £159,950

2004

Floor Plans

Description

  • Spacious And Attractive Apartment +
  • First Floor Apartment +
  • Two Bedrooms +
  • Occupies A Superb Position +
  • Generous Lounge/Diner +
  • Master Bedroom With An Upgraded En Suite +
  • Further Bathroom/WC +
  • Well Maintained Communal Gardens +
  • Benefitting From A Single Garage +
  • Ideal Location, We Highly Recommend Viewing! +

A spacious and attractive two bedroom first floor apartment with a garage, occupying a superb position within this sought after development. Internally the private accommodation includes a reception hall, generous lounge / dining room, fitted kitchen with integrated appliances, master bedroom with upgraded en-suite shower room/wc, second bedroom and a bathroom/wc. Externally there are well maintained communal gardens and the apartment benefits from a single garage in a block.
This ideal location is close to a range of local amenities and offers convenient links to surrounding areas. With immediate vacant possession and no upper chain involved, we highly recommend early viewing.

Communal Entrance - Access via security entrance door into

Communal Hall - With a staircase to the upper floors.

Private Accommodation - At first floor level, access via an entrance door to

Hallway - There is an electric wall mounted heater, a built in cupboard providing storage space and housing the hot water cylinder.

Lounge/Diner - 5.67 into bay x 3.73 +3.09 x 2.70 (18'7" into bay - This spacious room has a bay to the front with double glazed windows, a further double glazed window to the front, an electric wall mounted heater and a feature fireplace.

Kitchen - 2.86 x 2.58 extending to 3.69 (9'4" x 8'5" extendi - The kitchen is fitted with a range of modern wall and base units with granite work surfaces over incorporating a 1/2 bowl sink unit. Integrated appliances include an electric oven, an electric hob with extractor chimney over, fridge, freezer, a slimline dishwasher and a washing machine, there is a double glazed window to the side, a tiled floor and a wall mounted heater.

Bedroom 1 - 4.03 into bay x 3.66 max measure taken inc fitted - With a bay to the rear with double glazed windows, an electric wall mounted heater, fitted wardrobes and a door to the en suite.

En Suite Shower Room - With a contemporary suite comprising of a low level WC with concealed cistern, wash hand basin set into vanity unit and a step in shower cubicle, there are tiled walls and a tiled floor.

Bedroom 2 - 3.33 max measure inc fitted robes x 2.67 (10'11" - Double glazed window to the rear, electric wall mounted heater and fitted wardrobes.

Bathroom - Three piece suite comprising of a low level WC, pedestal wash hand basin and panel bath, there is a tiled floor and part tiled walls.

Outside - There are attractive communal grounds, parking facilities and the apartment also benefits form a garage located in a block.

Tenure Leasehold - We are advised by the Vendors that the property is Leasehold. We have been advised by the vendor the Lease Term is 99 years from 1/01/2004 and the Ground Rent is £100 per annum.

The service charge is £1,232.06 per annum.

Ground rent review period (year/month) - to be confirmed
Annual Ground rent increase % - to be confirmed

Any prospective purchaser should clarify this with their Solicitor.

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

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.

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

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 💪