2 Bed Terraced House, Single Let, Sunderland, SR4 6EN, £71,500

Close Street, Sunderland, SR4 6EN - 1 views - 5 months ago

BTL
ROI: 10%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£35K - £113K
Sold Prices/m²£534/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£76,217
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,875

Stamp Duty & Legal Fees

£4,775

Total Cash In

£22,650

 

 

Cash Out

 

Rent Range

£475 - £850

Rent Estimate

£550

Running Costs/mo

£353

Cashflow/mo

£197

Cashflow/yr

£2,359

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £35K to £113K, average is £71.6K. £534/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£75K02/210 mi30, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£65K06/230 mi33, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£62.5K12/200 mi28, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£60.5K02/230 mi31, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£95K08/210.07 mi115, Flint Road, Sunderland, Tyne And Wear SR4 6EG2
£45.5K03/210.08 mi14, Ailesbury Street, Sunderland, Tyne And Wear SR4 6EW2
£74K01/240.09 mi11, Dryborough Street, Sunderland, Tyne And Wear SR4 6BL2
£35K03/240.13 mi20, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP2
£64.6K01/210.13 mi34, Milburn Street, Sunderland, Tyne And Wear SR4 6AX2
£90K01/210.15 mi11, Enderby Road, Sunderland, Tyne And Wear SR4 6BA2
£80K08/210.15 mi8, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£113K10/210.17 mi17, Corning Road, Sunderland, Tyne And Wear SR4 6EE2
£75K12/210.2 mi28, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£46K01/230.21 mi2, Kings Terrace, Sunderland, Tyne And Wear SR4 6HW2
£60K05/210.22 mi12, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£59.5K10/200.22 mi32, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£55K01/240.22 mi22, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£68K06/210.23 mi27, Lily Street, Sunderland, Tyne And Wear SR4 6AQ2
£76K11/230.23 mi10, Violet Street, Sunderland, Tyne And Wear SR4 6AE2
£90K04/240.23 mi23, Harlow Street, Sunderland, Tyne And Wear SR4 7AR2
£65K05/210.24 mi32, Chester Terrace North, Sunderland, Tyne And Wear SR4 7AP2
£74K01/240.25 mi1, Rokeby Street, Sunderland, Tyne And Wear SR4 7EQ2
£110K07/220.26 mi15, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£68K02/210.26 mi69, Hylton Street, Sunderland, Tyne And Wear SR4 7DG2
£97K05/230.26 mi12, Hume Street, Sunderland, Tyne And Wear SR4 6HU2
£105K09/230.27 mi12, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£105K09/230.27 mi11, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£53K02/210.27 mi4, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£66K01/210.27 mi1, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£63K02/240.27 mi27, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£65K10/210.28 mi75, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£47K11/200.28 mi63, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£90K10/230.28 mi23, Howarth Street, Sunderland, Tyne And Wear SR4 7UT2
£86K03/220.28 mi8, Chester Crescent, Sunderland, Tyne And Wear SR1 3SH2
£53K02/210.32 mi5, Offerton Street, Sunderland, Tyne And Wear SR4 7EA2
£80K02/210.34 mi7, Walpole Court, Sunderland, Tyne And Wear SR4 6JH2
£69K05/220.34 mi25, Gillhurst Grange, Sunderland, Tyne And Wear SR1 3QN2
£105K11/210.34 mi20, Magdelene Place, Sunderland, Tyne And Wear SR4 6LW2
£70K10/220.36 mi10, Wharncliffe Street, Sunderland, Tyne And Wear SR1 3RG2
£86.5K11/200.42 mi17, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£72.5K01/240.42 mi19, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£71.5K10/210.43 mi39, Chester Mews, Sunderland, Tyne And Wear SR4 7HX2
£60K01/210.44 mi19, Dene Street, Sunderland, Tyne And Wear SR4 6JB2
£40K04/240.44 mi3, Garnet Street, Sunderland, Tyne And Wear SR4 6QS2
£64K09/230.45 mi29, Well Street, Sunderland, Tyne And Wear SR4 6JE2
£86K09/230.48 mi13, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£93.6K09/210.48 mi10, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£85K11/200.48 mi23, Pallion Park, Sunderland, Tyne And Wear SR4 6QE2
£92K08/230.5 mi3, Vale Street, Sunderland, Tyne And Wear SR4 7NB2
£71.8K05/230.5 mi4, Martin Terrace, Sunderland, Tyne And Wear SR4 6JD2

Local Rents

29 rents from £475/mo to £850/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£75003/250.08 mi-2
£67509/240.12 mi-2
£65008/240.13 mi-2
£52509/240.21 miPickard Street, Millfield, Sunderland2
£65009/240.22 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£65009/240.24 miKings Terrace, Sunderland, Tyne and Wear, SR42
£77503/250.27 mi-2
£60010/230.27 mi-2
£75012/240.29 mi-2
£59501/250.34 mi-2
£52503/250.4 mi-2
£59509/240.41 mi-2
£47509/240.42 mi-2
£49503/250.42 mi-2
£75009/240.45 miSummerhill, Thornhill, Sunderland, SR22
£79509/240.47 mi-2
£62503/250.48 mi-2
£59502/250.5 mi-2
£68511/240.51 mi-2
£68511/240.51 mi-2
£75009/240.51 mi-2
£75002/250.51 mi-2
£67509/240.52 miPallion Road, Sunderland, Tyne And Wear, SR42
£69504/250.52 mi-2
£65009/240.54 miHighfield Place, Pallion, Sunderland2
£85009/240.54 mi-2
£69509/240.55 miAlbert Court, Royal Courts, Sunderland2
£75009/240.55 miLeopold House, Albert Court, Sunderland, SR22
£75008/240.57 mi-2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.77 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 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 £71,500

March 28, 2025

Price changed to £73,500

March 20, 2025

Price changed to £75,500

March 12, 2025

Price changed to £77,500

February 28, 2025

Price changed to £71,500

January 31, 2025

Price changed to £73,500

January 19, 2025

Price changed to £75,500

January 11, 2025

Price changed to £77,500

January 1, 2025

Price changed to £71,500

December 20, 2024

Price changed to £73,500

December 13, 2024

Listed for £75,500

November 13, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developer +
  • Good Condition +
  • Spacious Lounge +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedrooms Mid-Terraced located in Sunderland. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedroom, lounge, kitchen, and bathroom

Investment details

It currently produces an annual gross income of £6,600 which could be increased by the new owner to a market rate of £7,488 with long term tenants currently situated.
Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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