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

Chandlers Road, Roker, Sunderland, SR6 0AD - 2 views - 5 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+17 photos

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

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,000

Stamp Duty & Legal Fees

£5,040

Total Cash In

£37,040

 

 

Cash Out

 

Rent Range

£650 - £1,240

Rent Estimate

£725

Running Costs/mo

£565

Cashflow/mo

£160

Cashflow/yr

£1,920

ROI

5%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£106K12/200.01 mi7 Bonners Raff, Chandlers Road, Sunderland, Tyne And Wear SR6 0AD2
£55K03/230.1 mi84, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£71K06/230.1 mi82, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£65K11/220.1 mi80, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£65K12/210.14 miApartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£35K10/230.14 miApartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£58.5K08/230.14 miApartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH2
£50K11/220.37 miApartment 19, Biscop House, Villiers Street, Sunderland, Tyne And Wear SR1 1ER2
£101K10/210.41 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.43 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£74K07/210.44 mi45, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£125.3K02/240.5 mi22, Topcliff, Sunderland, Tyne And Wear SR6 0QD2
£125K08/220.5 mi35, Topcliff, Sunderland, Tyne And Wear SR6 0QD2
£77K06/230.58 mi102a, Gladstone Street, Sunderland, Tyne And Wear SR6 0JA2
£148.5K07/240.64 mi5, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£149K08/230.64 mi10, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£135K06/220.65 mi7, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£147.5K08/220.65 mi15, Haven Court, Sunderland, Tyne And Wear SR6 0RL2
£100K02/230.71 mi24, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£105K09/220.72 mi25, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£97.5K03/210.72 mi35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£97.5K03/210.72 mi35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£240K10/220.72 mi16, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£122K04/230.72 mi37, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£151K01/230.72 mi36, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£72K12/230.74 mi10, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£82.5K01/210.74 mi26, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£74K07/210.75 mi43, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£101K09/220.76 mi16, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£86K04/210.76 mi19, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£56.7K01/210.77 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£72.5K02/210.78 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£84K04/210.78 mi22, Turnstile Mews, Sunderland, Tyne And Wear SR6 9TP2
£75K08/230.78 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£163.5K04/240.79 mi8, Wheatsheaf Court, Sunderland, Tyne And Wear SR6 0RF2
£75K06/210.79 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£71K12/200.8 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£69K03/230.8 mi29, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£70K01/210.8 mi15, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£96.5K09/220.8 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£68K06/210.8 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/210.8 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£83K08/230.8 mi1, Westburn Terrace, Sunderland, Tyne And Wear SR6 9RB2
£185K02/210.82 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£75.5K11/200.82 mi17, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£115K10/230.82 mi12, Ashdale Court, Sunderland, Tyne And Wear SR6 9SZ2
£60K02/210.82 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/230.82 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£94K07/210.84 mi71, Bede Street, Sunderland, Tyne And Wear SR6 0NT2
£103K02/210.84 mi69, Bede Street, Sunderland, Tyne And Wear SR6 0NT2

Local Rents

49 rents from £650/mo to £1.2K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£80009/240 mi-2
£80009/240 miBonners Raff, Sunderland, SR62
£90008/240.04 mi-2
£90009/240.11 miBonners Raff, Chandlers Road, SUNDERLAND, SR62
£75009/240.13 miEcho Building, West Wear Street, Sunderland, SR12
£80009/240.13 miEcho Building, City Centre, Sunderland, SR12
£1,05001/250.13 mi-2
£95007/240.13 mi-2
£95007/240.13 mi-2
£1,10009/240.13 miEcho Building, West Wear Street, Sunderland, SR12
£80909/240.13 miWest Wear Street, Sunderland, SR12
£83009/240.13 miEcho Building, West Wear Street, Sunderland, SR12
£89509/240.13 miEcho Building, West Wear Street, Sunderland, SR12
£87509/240.13 miWest Wear Street, Sunderland2
£77509/240.13 miWest Wear Street, Sunderland2
£80009/240.13 miWest Wear Street, Sunderland2
£80009/240.13 miWest Wear Street, Sunderland2
£80009/240.13 miWest Wear Street, Sunderland2
£85009/240.13 miWest Wear Street, Sunderland2
£85009/240.14 miEcho Building, City Centre, SUNDERLAND, SR12
£85009/240.14 mi-2
£95009/240.15 miWest Wear Street, City Centre, Sunderland, Tyne and Wear, SR1 1XH2
£80009/240.15 miEcho Building, City Centre, Sunderkand, SR12
£89509/240.15 miEcho Building, West Wear Street, Sunderland, SR12
£80009/240.15 miEcho Building, Tyne & Wear, City Centre, Sunderland, SR12
£80009/240.15 miWest Wear Street, Sunderland, Tyne and Wear, SR12
£1,00009/240.21 miRiver Quarter, William Street, Sunderland, SR12
£97509/240.23 miJohn Street, City Centre, Sunderland, SR12
£97509/240.23 miJohn Street, City Centre, Sunderland, SR12
£97509/240.23 miJohn Street, City Centre, Sunderland, SR12
£85003/250.24 mi-2
£1,00009/240.28 miNorfolk Street Student Accommodation, City Centre, Sunderland, SR12
£75009/240.28 miNorfolk Street, Sunniside, Sunderland, SR12
£75009/240.28 miNorfolk Street, Sunniside, Sunderland, SR12
£97509/240.3 miJohn Street, Sunderland, SR12
£65009/240.3 miRiverview, City Centre, Sunderland South, SR1 2
£72509/240.3 miMaritime Building, Sunderland, St Thomas Street, St Thomas Street, SR12
£72509/240.3 miMaritime Building, Sunderland, Sunniside, City Centre, SR12
£1,04010/230.31 mi-2
£1,04009/240.31 mi-2
£1,13009/240.31 mi-2
£1,20009/240.31 mi-2
£1,10009/240.31 mi-2
£1,20009/240.31 mi-2
£1,11511/240.31 mi-2
£1,24003/250.31 mi-2
£1,11503/250.31 mi-2
£1,10009/240.31 miQuarterbank Apartments, Sunderland, SR12
£1,20009/240.31 miQuarterbank Apartments, Sunderland, SR12

Local Area Statistics

Population in SR6

30,268

Population in Sunderland

183,740

Town centre distance

1.60 miles away

Nearest school

0.40 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+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.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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