2 Bed Terraced House, Single Let, Sunderland, SR3 1BX, £50,000

Somerset Cottages, Sunderland, Tyne and Wear, SR3 1BX - 5 months ago

Auction
BTL
ROI: 15%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£37.5K - £195K
Sold Prices/m²£445/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£68,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,850

Total Cash In

£15,350

 

 

Cash Out

 

Rent Range

£500 - £800

Rent Estimate

£500

Running Costs/mo

£276

Cashflow/mo

£224

Cashflow/yr

£2,685

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £37.5K to £195K, average is £89K. £445/m² to £3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£52K06/230.02 mi14, Somerset Cottages, Sunderland, Tyne And Wear SR3 1BX2
£49K08/230.02 mi18, Somerset Cottages, Sunderland, Tyne And Wear SR3 1BX2
£37.5K04/210.06 mi10, York Street, New Silksworth, Sunderland, Tyne And Wear SR3 1BU2
£72.5K11/200.1 mi8, Margate Street, Sunderland, Tyne And Wear SR3 1BQ2
£108K02/210.1 mi3, Margate Street, Sunderland, Tyne And Wear SR3 1BQ2
£107K02/230.12 mi10, Essex Grove, Sunderland, Tyne And Wear SR3 1BG2
£97K02/210.13 mi4, Lincoln Avenue, Sunderland, Tyne And Wear SR3 1BE2
£149.9K12/220.16 mi5, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG2
£65K11/200.16 mi7, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG2
£140K07/210.17 mi3, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG2
£125K02/210.17 mi5, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG2
£115K10/210.2 mi52, Sunnybrow, Sunderland, Tyne And Wear SR3 1DQ2
£107K07/210.2 mi80, Sunnybrow, Sunderland, Tyne And Wear SR3 1DQ2
£75K12/200.23 mi19, Devon Drive, Sunderland, Tyne And Wear SR3 1LB2
£115K02/210.25 mi22, Oxford Close, Sunderland, Tyne And Wear SR3 1JX2
£85K09/210.27 mi33, George Street East, Sunderland, Tyne And Wear SR3 1HG2
£125K05/230.27 mi3, Norfolk Avenue, Sunderland, Tyne And Wear SR3 1JY2
£125K09/210.31 mi18, Courtney Drive, Sunderland, Tyne And Wear SR3 1JS2
£110K02/230.36 mi77, Cavendish Place, Sunderland, Tyne And Wear SR3 1JP2
£105K10/200.37 mi7, Pit Row, Sunderland, Tyne And Wear SR3 1AF2
£150K05/230.38 mi13, Hawthorn Avenue, Sunderland, Tyne And Wear SR3 1DU2
£73.5K03/230.39 mi15, Wynyard Street, Sunderland, Tyne And Wear SR3 1ER2
£43K03/230.39 mi3, Wynyard Street, Sunderland, Tyne And Wear SR3 1ER2
£75K01/210.39 mi47, Castlereagh Street, Sunderland, Tyne And Wear SR3 1HL2
£89K07/230.43 mi20, Tunstall Terrace, New Silksworth, Sunderland, Tyne And Wear SR3 1HH2
£88K03/210.44 mi39, Edward Street, Silksworth, Sunderland, Tyne And Wear SR3 1EW2
£160K06/230.44 mi74, Ski View, Sunderland, Tyne And Wear SR3 1NP2
£67.1K10/230.45 mi36, Windsor Drive, New Silksworth, Sunderland, Tyne And Wear SR3 1JQ2
£74.5K03/210.48 mi24, Silksworth Terrace, Sunderland, Tyne And Wear SR3 2AX2
£83K02/210.48 mi29, Silksworth Terrace, Sunderland, Tyne And Wear SR3 2AX2
£80K04/230.5 mi21, Londonderry Street, Sunderland, Tyne And Wear SR3 2AY2
£110K07/230.52 mi9, Londonderry Terrace, Sunderland, Tyne And Wear SR3 2EE2
£82K06/230.55 mi107, Premier Road, Sunderland, Tyne And Wear SR3 1SY2
£75K10/210.55 mi20, Hill Street, Sunderland, Tyne And Wear SR3 2DW2
£88.5K11/200.55 mi16, Hill Street, Sunderland, Tyne And Wear SR3 2DW2
£58K04/210.55 mi21, Aline Street, Sunderland, Tyne And Wear SR3 2DZ2
£103K01/230.56 mi21, Emmerson Terrace West, Sunderland, Tyne And Wear SR3 2ED2
£90K04/210.56 mi21, Emmerson Terrace West, Sunderland, Tyne And Wear SR3 2ED2
£73K07/210.58 mi17, Park Avenue, New Silksworth, Sunderland, Tyne And Wear SR3 2EF2
£124K03/230.59 mi17, Park Avenue, New Silksworth, Sunderland, Tyne And Wear SR3 2EF2
£74K05/230.6 mi9, Paignton Square, Sunderland, Tyne And Wear SR3 1QT2
£89K10/200.6 mi8, Knightsbridge, Sunderland, Tyne And Wear SR3 3DP2
£79.6K07/230.61 mi5, Portree Square, Sunderland, Tyne And Wear SR3 1QU2
£121K11/200.62 mi22, Piccadilly, Sunderland, Tyne And Wear SR3 3DR2
£175K12/200.64 mi3, Harperley Drive, Sunderland, Tyne And Wear SR3 1AW2
£195K11/200.64 mi14, Harperley Drive, Sunderland, Tyne And Wear SR3 1AW2
£125.3K07/210.67 mi50, Pembroke Avenue, Sunderland, Tyne And Wear SR3 2DH2
£75K11/200.7 mi3, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£68.5K02/210.7 mi15, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£96K08/230.7 mi15, Purley Square, Sunderland, Tyne And Wear SR3 1RG2

Local Rents

11 rents from £500/mo to £800/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£50009/240.07 miSomerset Cottages, Sunderland, SR32
£50002/240.07 mi-2
£50003/240.07 mi-2
£65009/240.1 miDene Street, Sunderland, SR32
£75009/240.16 miSunnybrow, Silksworth, Sunderland2
£80003/250.26 mi-2
£65009/240.43 miCastlereagh Street, Silksworth2
£57509/240.52 miPerth Road, Plains Farm, Sunderland2
£67509/230.53 mi-2
£52509/240.6 miThe Strand, Sunderland, Tyne and Wear, SR32
£57508/230.62 mi-2

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

1.74 miles away

Nearest school

0.40 miles away

Nearest train station

1.65 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £50,000

January 19, 2025

Listed for £55,000

November 8, 2024

Floor Plans

Description

  • Two bedrooms +
  • Mid terrace cottage +
  • Double glazed +
  • Gas central heating +
  • Newly rewired +
  • Front garden +
  • Rear yard +
  • PLEASE DOWNLOAD THE LEGAL PACK ON THE BENJAMIN STEVENS AUCTIONS WEBSITE +

FOR SALE BY PUBLIC AUCTION - Two-Bedroom Mid-Terrace Cottage in Silksworth – Perfect Investment Opportunity

Wonderful opportunity to own this delightful two-bedroom mid-terrace cottage in the sought-after Somerset Cottages, Silksworth. Spacious and peaceful, this home is perfect for a small family, offering comfort and convenience at an attractive price of £70,000 (ONO).

Key Features: Entrance Hall: Enter through a newly fitted welcoming UPVC door into the hallway, where you'll find easy access to both bedrooms and the lounge. A radiator ensures warmth and comfort.

Lounge (4.16m x 3.34m): This cozy lounge features a double-glazed window to the rear, a charming brick fire surround with an electric fire, a radiator, and a convenient storage cupboard.

Kitchen (3.99m x 1.72m): The kitchen includes double-glazed windows to the side, fitted wall and base units, roll-top work surfaces, a standard stainless steel sink with a mixer tap, an electric cooker, and plumbing for a washing machine.

Shower Room: The shower room is equipped with a shower cubicle, part-tiled walls, storage units, a radiator, and a double-glazed window to the side.

Separate WC: Features a low-level WC, a radiator, and laminate flooring.

Bedrooms: Bedroom One (4.31m x 3.98m): Spacious master bedroom offers a double-glazed window to the front, fitted wardrobes, a radiator, and laminate flooring. Bedroom Two (3.12m x 2.05m): Ideal for a guest room or home office, this bedroom includes a double-glazed window to the rear, a radiator, and laminate flooring.

Outdoor Spaces: Front Garden: A charming front garden adds to the cottage's curb appeal. Rear Yard: The private rear yard offers a versatile outdoor space. With no upper chain, and tenant in-situ this property is a fantastic investment for those looking to settle in a popular and convenient location.

Agent Details

Benjamin Stevens, Edgware

020 3907 2994

Next Steps?

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