2 Bed Flat, Single Let, Sunderland, SR6 0AD, £128,000





ValuationOvervalued
Sold Prices | £35K - £240K |
Sold Prices/m² | £808/m² - £4.5K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.9K/m² |
Value Estimate | £93,896£93,896 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £32,000£32,000 |
Stamp Duty & Legal Fees | £5,040£5,040 |
Total Cash In | £37,040£37,040 |
| |
Cash Out | |
Rent Range | £650 - £1,240£650 - £1,240 |
Rent Estimate | £725 |
Running Costs/mo | £565£565 |
Cashflow/mo | £160£160 |
Cashflow/yr | £1,920£1,920 |
ROI | 5%5% |
Gross Yield | 7%7% |
Local Sold Prices
50 sold prices from £35K to £240K, average is £85.5K. £808/m² to £4.5K/m², average is £1.3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£106K | 12/20 | 0.01 mi | 7 Bonners Raff, Chandlers Road, Sunderland, Tyne And Wear SR6 0AD | £1,309 | 81 | 2 | Flat | |
£55K | 03/23 | 0.1 mi | 84, Howick Park, Sunderland, Tyne And Wear SR6 0DE | £808 | 68 | 2 | Flat | |
£71K | 06/23 | 0.1 mi | 82, Howick Park, Sunderland, Tyne And Wear SR6 0DE | £1,044 | 68 | 2 | Flat | |
£65K | 11/22 | 0.1 mi | 80, Howick Park, Sunderland, Tyne And Wear SR6 0DE | £1,000 | 65 | 2 | Flat | |
£65K | 12/21 | 0.14 mi | Apartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD | - | - | 2 | Flat | |
£35K | 10/23 | 0.14 mi | Apartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD | - | - | 2 | Flat | |
£58.5K | 08/23 | 0.14 mi | Apartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH | - | - | 2 | Flat | |
£50K | 11/22 | 0.37 mi | Apartment 19, Biscop House, Villiers Street, Sunderland, Tyne And Wear SR1 1ER | - | - | 2 | Flat | |
£101K | 10/21 | 0.41 mi | 12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB | - | - | 2 | Flat | |
£101K | 10/21 | 0.43 mi | 12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB | - | - | 2 | Flat | |
£74K | 07/21 | 0.44 mi | 45, Hampden Road, Sunderland, Tyne And Wear SR6 9QH | £1,042 | 71 | 2 | Flat | |
£125.3K | 02/24 | 0.5 mi | 22, Topcliff, Sunderland, Tyne And Wear SR6 0QD | - | - | 2 | Flat | |
£125K | 08/22 | 0.5 mi | 35, Topcliff, Sunderland, Tyne And Wear SR6 0QD | - | - | 2 | Flat | |
£77K | 06/23 | 0.58 mi | 102a, Gladstone Street, Sunderland, Tyne And Wear SR6 0JA | £1,203 | 64 | 2 | Flat | |
£148.5K | 07/24 | 0.64 mi | 5, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ | - | - | 2 | Flat | |
£149K | 08/23 | 0.64 mi | 10, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ | £2,153 | 69 | 2 | Flat | |
£135K | 06/22 | 0.65 mi | 7, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ | £2,250 | 60 | 2 | Flat | |
£147.5K | 08/22 | 0.65 mi | 15, Haven Court, Sunderland, Tyne And Wear SR6 0RL | £2,305 | 64 | 2 | Flat | |
£100K | 02/23 | 0.71 mi | 24, Association Road, Sunderland, Tyne And Wear SR6 9QG | £1,908 | 52 | 2 | Flat | |
£105K | 09/22 | 0.72 mi | 25, Association Road, Sunderland, Tyne And Wear SR6 9QG | £1,842 | 57 | 2 | Flat | |
£97.5K | 03/21 | 0.72 mi | 35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN | £1,773 | 55 | 2 | Flat | |
£97.5K | 03/21 | 0.72 mi | 35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN | £1,773 | 55 | 2 | Flat | |
£240K | 10/22 | 0.72 mi | 16, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN | - | - | 2 | Flat | |
£122K | 04/23 | 0.72 mi | 37, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN | £2,076 | 59 | 2 | Flat | |
£151K | 01/23 | 0.72 mi | 36, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN | £2,475 | 61 | 2 | Flat | |
£72K | 12/23 | 0.74 mi | 10, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ | £1,220 | 59 | 2 | Flat | |
£82.5K | 01/21 | 0.74 mi | 26, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ | £1,100 | 75 | 2 | Flat | |
£74K | 07/21 | 0.75 mi | 43, Hampden Road, Sunderland, Tyne And Wear SR6 9QH | £949 | 78 | 2 | Flat | |
£101K | 09/22 | 0.76 mi | 16, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR | £1,697 | 60 | 2 | Flat | |
£86K | 04/21 | 0.76 mi | 19, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR | £1,682 | 51 | 2 | Flat | |
£56.7K | 01/21 | 0.77 mi | Flat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS | - | - | 2 | Flat | |
£72.5K | 02/21 | 0.78 mi | Flat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY | - | - | 2 | Flat | |
£84K | 04/21 | 0.78 mi | 22, Turnstile Mews, Sunderland, Tyne And Wear SR6 9TP | £1,585 | 53 | 2 | Flat | |
£75K | 08/23 | 0.78 mi | Flat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ | - | - | 2 | Flat | |
£163.5K | 04/24 | 0.79 mi | 8, Wheatsheaf Court, Sunderland, Tyne And Wear SR6 0RF | - | - | 2 | Flat | |
£75K | 06/21 | 0.79 mi | 20, Park Place West, Sunderland, Tyne And Wear SR2 8HT | - | - | 2 | Flat | |
£71K | 12/20 | 0.8 mi | Flat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ | - | - | 2 | Flat | |
£69K | 03/23 | 0.8 mi | 29, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA | £1,131 | 61 | 2 | Flat | |
£70K | 01/21 | 0.8 mi | 15, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA | £1,000 | 70 | 2 | Flat | |
£96.5K | 09/22 | 0.8 mi | Flat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | £1,379 | 70 | 2 | Flat | |
£68K | 06/21 | 0.8 mi | Flat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | - | - | 2 | Flat | |
£85K | 03/21 | 0.8 mi | Flat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | - | - | 2 | Flat | |
£83K | 08/23 | 0.8 mi | 1, Westburn Terrace, Sunderland, Tyne And Wear SR6 9RB | £1,153 | 72 | 2 | Flat | |
£185K | 02/21 | 0.82 mi | 2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS | £4,466 | 41 | 2 | Flat | |
£75.5K | 11/20 | 0.82 mi | 17, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA | £1,094 | 69 | 2 | Flat | |
£115K | 10/23 | 0.82 mi | 12, Ashdale Court, Sunderland, Tyne And Wear SR6 9SZ | - | - | 2 | Flat | |
£60K | 02/21 | 0.82 mi | Flat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL | - | - | 2 | Flat | |
£89K | 03/23 | 0.82 mi | Flat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL | - | - | 2 | Flat | |
£94K | 07/21 | 0.84 mi | 71, Bede Street, Sunderland, Tyne And Wear SR6 0NT | £839 | 112 | 2 | Flat | |
£103K | 02/21 | 0.84 mi | 69, Bede Street, Sunderland, Tyne And Wear SR6 0NT | £1,304 | 79 | 2 | Flat |
Local Rents
49 rents from £650/mo to £1.2K/mo, average is £895/mo.
Rent | Date | Distance | Address | Beds | Type | |
£800 | 09/24 | 0 mi | - | 2 | Flat | |
£800 | 09/24 | 0 mi | Bonners Raff, Sunderland, SR6 | 2 | Flat | |
£900 | 08/24 | 0.04 mi | - | 2 | Flat | |
£900 | 09/24 | 0.11 mi | Bonners Raff, Chandlers Road, SUNDERLAND, SR6 | 2 | Flat | |
£750 | 09/24 | 0.13 mi | Echo Building, West Wear Street, Sunderland, SR1 | 2 | Flat | |
£800 | 09/24 | 0.13 mi | Echo Building, City Centre, Sunderland, SR1 | 2 | Flat | |
£1,050 | 01/25 | 0.13 mi | - | 2 | Flat | |
£950 | 07/24 | 0.13 mi | - | 2 | Flat | |
£950 | 07/24 | 0.13 mi | - | 2 | Flat | |
£1,100 | 09/24 | 0.13 mi | Echo Building, West Wear Street, Sunderland, SR1 | 2 | Flat | |
£809 | 09/24 | 0.13 mi | West Wear Street, Sunderland, SR1 | 2 | Flat | |
£830 | 09/24 | 0.13 mi | Echo Building, West Wear Street, Sunderland, SR1 | 2 | Flat | |
£895 | 09/24 | 0.13 mi | Echo Building, West Wear Street, Sunderland, SR1 | 2 | Flat | |
£875 | 09/24 | 0.13 mi | West Wear Street, Sunderland | 2 | Flat | |
£775 | 09/24 | 0.13 mi | West Wear Street, Sunderland | 2 | Flat | |
£800 | 09/24 | 0.13 mi | West Wear Street, Sunderland | 2 | Flat | |
£800 | 09/24 | 0.13 mi | West Wear Street, Sunderland | 2 | Flat | |
£800 | 09/24 | 0.13 mi | West Wear Street, Sunderland | 2 | Flat | |
£850 | 09/24 | 0.13 mi | West Wear Street, Sunderland | 2 | Flat | |
£850 | 09/24 | 0.14 mi | Echo Building, City Centre, SUNDERLAND, SR1 | 2 | Flat | |
£850 | 09/24 | 0.14 mi | - | 2 | Flat | |
£950 | 09/24 | 0.15 mi | West Wear Street, City Centre, Sunderland, Tyne and Wear, SR1 1XH | 2 | Flat | |
£800 | 09/24 | 0.15 mi | Echo Building, City Centre, Sunderkand, SR1 | 2 | Flat | |
£895 | 09/24 | 0.15 mi | Echo Building, West Wear Street, Sunderland, SR1 | 2 | Flat | |
£800 | 09/24 | 0.15 mi | Echo Building, Tyne & Wear, City Centre, Sunderland, SR1 | 2 | Flat | |
£800 | 09/24 | 0.15 mi | West Wear Street, Sunderland, Tyne and Wear, SR1 | 2 | Flat | |
£1,000 | 09/24 | 0.21 mi | River Quarter, William Street, Sunderland, SR1 | 2 | Flat | |
£975 | 09/24 | 0.23 mi | John Street, City Centre, Sunderland, SR1 | 2 | Flat | |
£975 | 09/24 | 0.23 mi | John Street, City Centre, Sunderland, SR1 | 2 | Flat | |
£975 | 09/24 | 0.23 mi | John Street, City Centre, Sunderland, SR1 | 2 | Flat | |
£850 | 03/25 | 0.24 mi | - | 2 | Flat | |
£1,000 | 09/24 | 0.28 mi | Norfolk Street Student Accommodation, City Centre, Sunderland, SR1 | 2 | Flat | |
£750 | 09/24 | 0.28 mi | Norfolk Street, Sunniside, Sunderland, SR1 | 2 | Flat | |
£750 | 09/24 | 0.28 mi | Norfolk Street, Sunniside, Sunderland, SR1 | 2 | Flat | |
£975 | 09/24 | 0.3 mi | John Street, Sunderland, SR1 | 2 | Flat | |
£650 | 09/24 | 0.3 mi | Riverview, City Centre, Sunderland South, SR1 | 2 | Flat | |
£725 | 09/24 | 0.3 mi | Maritime Building, Sunderland, St Thomas Street, St Thomas Street, SR1 | 2 | Flat | |
£725 | 09/24 | 0.3 mi | Maritime Building, Sunderland, Sunniside, City Centre, SR1 | 2 | Flat | |
£1,040 | 10/23 | 0.31 mi | - | 2 | Flat | |
£1,040 | 09/24 | 0.31 mi | - | 2 | Flat | |
£1,130 | 09/24 | 0.31 mi | - | 2 | Flat | |
£1,200 | 09/24 | 0.31 mi | - | 2 | Flat | |
£1,100 | 09/24 | 0.31 mi | - | 2 | Flat | |
£1,200 | 09/24 | 0.31 mi | - | 2 | Flat | |
£1,115 | 11/24 | 0.31 mi | - | 2 | Flat | |
£1,240 | 03/25 | 0.31 mi | - | 2 | Flat | |
£1,115 | 03/25 | 0.31 mi | - | 2 | Flat | |
£1,100 | 09/24 | 0.31 mi | Quarterbank Apartments, Sunderland, SR1 | 2 | Flat | |
£1,200 | 09/24 | 0.31 mi | Quarterbank Apartments, Sunderland, SR1 | 2 | Flat |
Local Area Statistics
Population in SR6 | 30,26830,268 |
Population in Sunderland | 183,740183,740 |
Town centre distance | 1.60 miles away1.60 miles away |
Nearest school | 0.40 miles away0.40 miles away |
Nearest train station | 0.25 miles away0.25 miles away |
| |
Rental demand | Tenant's marketTenant's market |
Rental growth (12m) | +29%+29% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +19%+19% |
Property History
Listed for £128,000
November 14, 2024
Description
- LOVELY SECOND FLOOR APARTMENT OVERLOOKING RIVER & WEARMOUTH BRIDGE +
- IMPRESSIVE STYLISH WAREHOUSE CONVERSION WITH FEATURE EXPOSED BRICK WALLS & COLUMNS +
- CONCIERGE SERVICE +
- EPC RATING C +
- 2 DOUBLE BEDROOMS +
- UNDERGROUND SECURE PARKING WITH REMOTE ACCESS +
- SECURE ACCESS & LIFT ACCESS +
- GREAT LOCATION FOR RIVERSIDE WALKS ALONG TO MARINA, GLASS CENTRE AND ROKER +
- LEASEHOLD 125 YEARS FROM 2003 +
LOVELY SECOND FLOOR APARTMENT OVERLOOKING RIVER & WEARMOUTH BRIDGE - IMPRESSIVE STYLISH WAREHOUSE CONVERSION WITH FEATURE EXPOSED BRICK WALLS & COLUMNS
- CONCIERGE SERVICE - 2 DOUBLE BEDROOMS - UNDERGROUND SECURE PARKING WITH REMOTE ACCESS - SECURE ACCESS & LIFT ACCESS - GREAT LOCATION FOR RIVERSIDE WALKS ALONG TO MARINA, GLASS CENTRE AND ROKER - LEASEHOLD 125 YEARS FROM 2003 …
Good Life Homes are delighted to bring to the market a stylish 2 double bedroom warehouse apartment in Bonners Raff located on the north bank of the River Wear with direct views over the river and bridge. Converted around 20 years ago, the apartment offers a unique and stylish design for Sunderland with exposed brick and columns retained for great effect. Bonners Raff also benefits from a concierge service who look after the general presentation of the building and also take in parcels etc etc which is a really great facility. This means common areas are always well presented maintaining the general high standards of the development.
Briefly comprising; secure parking with remote electric door access plus outside visitor parking, stairs and lifts to all floors with remote entry door controls, apartment entrance hall, bathroom with walk-in shower, 2 double bedrooms, open plan kitchen to lounge with natural dining area, feature brick walls and windows overlooking river/bridge.
Viewing arrangements can be made by contacting our local office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £995 on a no sale no fee basis which means that you’ll pay nothing unless we sell your home! Call us and find out why so many people across Sunderland now choose Good Life to sell their home.
Introduction - LOVELY SECOND FLOOR APARTMENT OVERLOOKING RIVER & WEARMOUTH BRIDGE - IMPRESSIVE STYLISH WAREHOUSE CONVERSION WITH FEATURE EXPOSED BRICK WALLS & COLUMNS - CONCIERGE SERVICE - 2 DOUBLE BEDROOMS - UNDERGROUND SECURE PARKING WITH REMOTE ACCESS - SECURE ACCESS & LIFT ACCESS - GREAT LOCATION FOR RIVERSIDE WALKS ALONG TO MARINA, GLASS CENTRE AND ROKER - LEASEHOLD 125 YEARS FROM 2003
Entrance Hall - Carpet flooring, door leading into open plan lounge/kitchen, door leading off to bathroom, door leading off to bedroom 2.
Bathroom - 10' 3'' x 7' 2'' (3.12m x 2.18m) - Measurements are approx.
Beautiful well appointed bathroom. Polished stone tiles to floor, double walk-in shower cubicle with shower fed from the main hot water system and fixed glass shower screen, toilet with low level cistern, wall mounted sink with chrome taps. Electric towel heater style radiator. The walls are finished in a stone-effect tile with built-in electric shaving point and extractor fan. The area around the shower is finished in stylish uPVC cladding.
Bedroom 2 - 12' 9'' x 10' 5'' (3.88m x 3.17m) - A good size double bedroom. Carpet flooring, white uPVC double-glazed window with pleasant views, large airing cupboard with central heating boiler and some potential additional storage. The current owner has a drop down Murphy bed which drops down into a working desk to make greater use of the space, but this could be a terrific permanent working office or a generous double bedroom. Stylish window seat, exposed brick feature wall around the window and door leading off to entrance hall, door leading off to adjoining bedroom 1.
Kitchen - 11' 4'' x 7' 10'' (3.45m x 2.39m) - Measurements are approx.
Open plan to the lounge, the kitchen has a natural separation by virtue of laminate wood-effect flooring, radiator, quality fitted kitchen with a range of wall and floor units in a cream high gloss finish with contrasting laminate work surface. Integrated electric oven, 4 ring ceramic hob and feature extractor chimney, space and plumbing for a washing machine, integrated fridge/freezer, integrated dishwasher, stainless steel sink with single bowl, single drainer and Monobloc tap.
Lounge - 24' 0'' x 15' 9'' (7.31m x 4.80m) - Measurements are approx.
A fabulous open plan lounge with feature exposed brick walls to 2 sides, double radiator, 3 white uPVC double-glazed windows which provide superb views of the river even along to St Peters campus and must arguably be one of the finest apartments in the block in terms of aspect. The open plan lounge is very generous and sufficiently proportioned to accommodate a variety of furniture arrangements and the current owner comfortably has a 2 seater sofa, armchair and separate dining table plus occasional furniture. The lounge is open plan to the kitchen area, door leading off to principal bedroom.
Principal Bedroom - 12' 2'' x 11' 5'' (3.71m x 3.48m) - Measurements are approx.
Carpet flooring, double radiator, 2 white uPVC double-glazed windows with pleasant elevated views. Feature brick wall. Door leading off to bedroom 2, door leading off to lounge.
External Entrance - Main security entrance which allows access onto the second floor from the front of the building, which leads to the loft. Because the building is spilt level, the access corridor to this apartment is on the ground floor level from the front of the building, therefore, there is no flight or stairs to negotiate as such.
General - 125 years lease from 2003.
A Funding Grant has been obtained from the government building safety fund of £382,608 to upgrade the exterior of the building and preparation for this is underway. More details can be provided by the owner.
Allocated parking accessed by remote roller shutter door for 1 vehicle.
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