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





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£93,887 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £31,250£31,250 |
Stamp Duty & Legal Fees | £4,950£4,950 |
Total Cash In | £36,200£36,200 |
| |
Cash Out | |
Rent Range | £475 - £765£475 - £765 |
Rent Estimate | £528 |
Running Costs/mo | £516£516 |
Cashflow/mo | £12£12 |
Cashflow/yr | £141£141 |
ROI | 0%0% |
Gross Yield | 5%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£149.9K | 08/21 | 0 mi | 4, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE | £2,142 | 70 | 2 | Flat | |
£153K | 09/22 | 0 mi | 2, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE | £1,889 | 81 | 2 | Flat | |
£82K | 12/20 | 0.15 mi | 39a, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY | £1,262 | 65 | 2 | Flat | |
£76K | 05/23 | 0.15 mi | 39, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY | £1,390 | 55 | 2 | Flat | |
£87K | 11/20 | 0.16 mi | 127, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ | £1,225 | 71 | 2 | Flat | |
£78K | 12/22 | 0.38 mi | 34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | - | - | 2 | Flat | |
£80.8K | 04/23 | 0.38 mi | 27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | - | - | 2 | Flat | |
£88K | 01/21 | 0.38 mi | 53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | £1,571 | 56 | 2 | Flat | |
£80K | 03/23 | 0.38 mi | 5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | £1,378 | 58 | 2 | Flat | |
£82K | 06/23 | 0.38 mi | 50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | £1,491 | 55 | 2 | Flat | |
£155K | 04/23 | 0.59 mi | 11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB | - | - | 2 | Flat | |
£140K | 12/20 | 0.59 mi | 22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB | £1,892 | 74 | 2 | Flat | |
£53.5K | 09/23 | 0.61 mi | 31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ | £787 | 68 | 2 | Flat | |
£121K | 11/20 | 0.61 mi | 4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ | £1,806 | 67 | 2 | Flat | |
£78K | 05/21 | 0.63 mi | Apartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT | - | - | 2 | Flat | |
£80K | 10/21 | 0.63 mi | Apartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT | £1,269 | 63 | 2 | Flat | |
£118K | 11/20 | 0.63 mi | 5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL | £1,136 | 104 | 2 | Flat | |
£94K | 11/22 | 0.66 mi | Apartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU | - | - | 2 | Flat | |
£75K | 02/23 | 0.67 mi | Apartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP | - | - | 2 | Flat | |
£190K | 06/23 | 0.69 mi | 22, Willow Green, Sunderland, Tyne And Wear SR2 7NL | - | - | 2 | Flat | |
£173K | 06/21 | 0.69 mi | 27, Willow Green, Sunderland, Tyne And Wear SR2 7NL | - | - | 2 | Flat | |
£170K | 06/23 | 0.69 mi | 14, Willow Green, Sunderland, Tyne And Wear SR2 7NL | £2,524 | 67 | 2 | Flat | |
£92.5K | 07/23 | 0.74 mi | Flat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£75K | 03/21 | 0.74 mi | Flat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£86K | 05/23 | 0.74 mi | Flat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£110K | 12/20 | 0.77 mi | First Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD | - | - | 2 | Flat | |
£120K | 02/21 | 0.77 mi | 10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX | £1,460 | 82 | 2 | Flat | |
£120K | 02/21 | 0.77 mi | 10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX | £857 | 140 | 2 | Flat | |
£185K | 02/21 | 0.85 mi | 2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS | £4,466 | 41 | 2 | Flat | |
£120K | 05/21 | 0.86 mi | First Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT | - | - | 2 | Flat | |
£75K | 06/21 | 0.87 mi | 20, Park Place West, Sunderland, Tyne And Wear SR2 8HT | - | - | 2 | Flat | |
£82K | 09/23 | 0.91 mi | 24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU | - | - | 2 | Flat | |
£65K | 10/22 | 0.91 mi | 33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX | £1,249 | 52 | 2 | Flat | |
£110K | 06/23 | 0.96 mi | 18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA | £924 | 119 | 2 | Flat | |
£80K | 10/20 | 0.96 mi | 13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA | £611 | 131 | 2 | Flat | |
£65K | 01/23 | 0.98 mi | 16, Padstow Close, Sunderland, Tyne And Wear SR2 0YP | - | - | 2 | Flat | |
£55.2K | 01/23 | 0.98 mi | 20, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YZ | £1,004 | 55 | 2 | Flat | |
£56.7K | 01/21 | 0.99 mi | Flat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS | - | - | 2 | Flat |
Local Rents
14 rents from £475/mo to £765/mo, average is £625/mo.
Rent | Date | Distance | Address | Beds | Type | |
£700 | 09/24 | 0.37 mi | Orchard House, Belford Close, SUNDERLAND, SR2 | 2 | Flat | |
£650 | 02/25 | 0.41 mi | - | 2 | Terraced House | |
£595 | 09/24 | 0.47 mi | St. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ | 2 | Terraced House | |
£650 | 09/24 | 0.51 mi | Ocean Road South, Grangetown | 2 | Terraced House | |
£550 | 03/25 | 0.52 mi | - | 2 | Bungalow | |
£655 | 04/25 | 0.52 mi | - | 2 | Bungalow | |
£600 | 09/24 | 0.52 mi | St. Leonard Street, Sunderland, Tyne and Wear, SR2 | 2 | Flat | |
£750 | 09/24 | 0.53 mi | - | 2 | Terraced House | |
£765 | 09/24 | 0.53 mi | Saint Leonard Street, Sunderland, SR2 | 2 | Terraced House | |
£535 | 04/25 | 0.54 mi | - | 2 | Bungalow | |
£525 | 08/24 | 0.55 mi | - | 2 | Bungalow | |
£475 | 09/24 | 0.57 mi | Villette Road, Hendon, Sunderland | 2 | Flat | |
£550 | 09/24 | 0.61 mi | - | 2 | Flat | |
£690 | 11/24 | 0.61 mi | - | 2 | Terraced House |
Local Area Statistics
Population in SR2 | 33,44033,440 |
Population in Sunderland | 183,740183,740 |
Town centre distance | 1.98 miles away1.98 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 1.02 miles away1.02 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +23%+23% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | -5%-5% |
Property History
Listed for £125,000
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.