3 Bed Terraced House, Refurb/BRRR, Sunderland, SR2 0RF, £75,000

75 Thomas Street, Ryhope, Sunderland, SR2 0RF - 14 views - 5 months ago

Refurb/BRRR
ROI: 5%
~93 m²
+15 photos

ValuationFair Value

Sold Prices£80K - £262.5K
Sold Prices/m²£634/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£76,500

 

 

End Value (After Refurb)

£133,983

Uplift in Value

+79%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£35,501

Bridging Loan Interest

£1,969

Total Cash In

£61,420

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£133,983

Agent Fees (1%)

£1,340

Bridging Loan

£56,250

Bridging Loan Interest

£1,969

Flip Profit

£14,974

Local Sold Prices

50 sold prices from £80K to £262.5K, average is £137K. £634/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£80K02/210.02 mi21, Smith Street, Ryhope, Sunderland, Tyne And Wear SR2 0RG3
£82.5K01/210.02 mi8, Smith Street, Ryhope, Sunderland, Tyne And Wear SR2 0RG3
£80K12/220.05 mi4, Smith Street, Ryhope, Sunderland, Tyne And Wear SR2 0RG3
£134K01/230.08 mi4, Colin Terrace, Sunderland, Tyne And Wear SR2 0RE3
£118.4K09/210.1 mi40, Smith Street South, Ryhope, Sunderland, Tyne And Wear SR2 0LL3
£115K10/210.1 mi23, Huntley Terrace, Sunderland, Tyne And Wear SR2 0RJ3
£155.2K03/230.11 mi11, Halifax Place, Ryhope, Sunderland, Tyne And Wear SR2 0RD3
£90.3K11/210.11 mi12, Ryhope Street South, Sunderland, Tyne And Wear SR2 0RN3
£120K01/230.12 mi3, North View, Ryhope, Sunderland, Tyne And Wear SR2 0PE3
£130K11/200.14 mi16, Trotter Terrace, Sunderland, Tyne And Wear SR2 0LA3
£100K02/230.15 mi3, Grey Terrace, Sunderland, Tyne And Wear SR2 0QT3
£170K05/230.17 miLlanviddy, Burdon Lane, Sunderland, Tyne And Wear SR2 0HR3
£81K01/210.17 mi27, Grey Terrace, Sunderland, Tyne And Wear SR2 0QS3
£95K01/230.17 mi27, Grey Terrace, Sunderland, Tyne And Wear SR2 0QS3
£225K06/220.18 mi8, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ3
£185K03/210.18 mi41, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ3
£92K11/210.33 mi25, Ridley Avenue, Sunderland, Tyne And Wear SR2 0SF3
£156.9K06/210.33 mi35, Ridley Avenue, Sunderland, Tyne And Wear SR2 0SF3
£168.2K09/210.35 mi77, Esdale, Sunderland, Tyne And Wear SR2 0JF3
£168K03/210.35 mi23, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YW3
£185K09/230.35 mi15, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YW3
£185K11/220.37 mi49, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YW3
£200K05/230.38 mi6, Polperro Close, Ryhope, Sunderland, Tyne And Wear SR2 0YN3
£152.5K11/200.39 mi32, Blyton Avenue, Sunderland, Tyne And Wear SR2 0JT3
£95K03/230.4 mi7, Ocean View, Sunderland, Tyne And Wear SR2 0SQ3
£140K05/230.41 mi5, Leechmere View, Sunderland, Tyne And Wear SR2 0SH3
£190K04/210.41 mi11, Blyton Avenue, Sunderland, Tyne And Wear SR2 0JP3
£205K12/220.43 mi13, Regent Road, Ryhope, Sunderland, Tyne And Wear SR2 0PP3
£119K12/200.43 mi7, Stewart Avenue, Sunderland, Tyne And Wear SR2 0JR3
£150K01/210.45 mi10, Lynthorpe, Sunderland, Tyne And Wear SR2 0ET3
£150K08/210.46 mi14, Kineton Way, Ryhope, Sunderland, Tyne And Wear SR2 0LJ3
£185K06/210.47 mi30, Bankside Close, Ryhope, Sunderland, Tyne And Wear SR2 0AN3
£135K02/230.48 mi34, Lynthorpe, Sunderland, Tyne And Wear SR2 0ES3
£171.1K08/230.52 mi5, Marine Drive, Leechmere, Sunderland, Tyne And Wear SR2 0DU3
£200K09/220.52 mi15, Marine Drive, Leechmere, Sunderland, Tyne And Wear SR2 0DU3
£189.9K05/210.58 mi19, Barton Park, Ryhope, Sunderland, Tyne And Wear SR2 0AW3
£130K05/230.59 mi34, Edgmond Court, Sunderland, Tyne And Wear SR2 0DX3
£125K08/210.62 mi76, Langhurst, Sunderland, Tyne And Wear SR2 0DZ3
£124.8K03/210.62 mi19, Langhurst, Sunderland, Tyne And Wear SR2 0DZ3
£190K06/230.62 mi1, Langhurst, Sunderland, Tyne And Wear SR2 0DZ3
£186K06/210.63 mi27, Bowood Close, Sunderland, Tyne And Wear SR2 0BY3
£138.9K07/230.67 mi6, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL3
£100K11/200.71 mi73, Hollycarrside Road, Sunderland, Tyne And Wear SR2 0ED3
£110K11/200.73 mi8, Ramilies, Sunderland, Tyne And Wear SR2 0BB3
£130K08/230.74 mi28, Ravensworth, Sunderland, Tyne And Wear SR2 0AZ3
£110K07/210.74 mi59, Ravensworth, Sunderland, Tyne And Wear SR2 0AZ3
£97K04/210.75 mi19, Runnymede, Sunderland, Tyne And Wear SR2 0BJ3
£115K07/210.76 mi45, Rothbury, Sunderland, Tyne And Wear SR2 0BE3
£262.5K03/210.79 mi5, Ryhope Grange Court, Sunderland, Tyne And Wear SR2 9HU3
£210K11/210.8 mi8, Millthorp Close, Sunderland, Tyne And Wear SR2 7RE3

Local Rents

15 rents from £700/mo to £1.6K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£79509/240.01 miThomas Street, Sunderland, Tyne And Wear, SR23
£87509/240.04 miSt. Pauls Terrace, Sunderland, Tyne and Wear, SR23
£73007/240.04 mi-3
£82501/250.34 mi-3
£79511/240.4 mi-3
£75006/240.42 mi-3
£72509/240.52 miAttlee Grove, Sunderland3
£80009/240.67 mi-3
£85009/240.67 miTarn Drive, Grangetown, Sunderland3
£1,25009/240.73 miCherry Brooks Way, Ryhope, Sunderland3
£70009/241.02 miOswald Terrace, Grangetown, Sunderland3
£95009/241.13 miCamberley Close, Tunstall3
£85009/241.14 miGrange Street South, Sunderland, Tyne and Wear, SR23
£1,30009/241.15 miWest Cherry Knowle Farm3
£1,55005/241.19 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

3.14 miles away

Nearest school

1 miles away

Nearest train station

2.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £75,000

November 14, 2024

Description

  • INVESTOR OR RENOVATION OPPORTUNITY +
  • 3 BEDROOMS COULD BE 4 +
  • POPULAR RYHOPE LOCATION NEAR VILLAGE CENTRE +
  • EPC RATING E +
  • CLOSE TO GOOD SCHOOLS & AMENITIES +
  • NO CHAIN +

INVESTOR OR RENOVATION OPPORTUNITY - 3 BEDROOMS COULD BE 4 - POPULAR RYHOPE LOCATION NEAR VILLAGE CENTRE - CLOSE TO GOOD SCHOOLS & AMENITIES - NO CHAIN …
Good Life Homes are delighted to bring to the market a very spacious family home located within the village close to good schools, transport and village amenities. The property offers an opportunity for renovation and is priced accordingly. Briefly comprising; entrance hall, main living room, front bedroom leading off (or second reception), kitchen, bathroom with shower leading to separate WC. On the first floor there are two double bedrooms - the front double was original two singles and has separate windows and radiators and could be returned to that layout with a stud wall thus creating 3 first floor bedrooms and a ground floor bedroom.
Externally to the rear is a courtyard with potential for vehicle parking plus a storage cellar under the elevated kitchen/bathroom which houses the COMBI-boiler. This would make a terrific cost-effective 4 bedroom family home for either a family or investor - currently, a renovated well, presented 4 bedroom home in Thomas Street would achieve around £850pcm as a guide.
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 - INVESTOR OR RENOVATION OPPORTUNITY - 3 BEDROOMS COULD BE 4 - POPULAR RYHOPE LOCATION NEAR VILLAGE CENTRE - CLOSE TO GOOD SCHOOLS & AMENITIES - NO CHAIN...

Entrance Hall - The property has a relativity recent GRP double-glazed front door leading to entrance hall. Laminate wood-effect flooring, radiator concealed behind cover, built in cupboard housing the electric meter and electric fuse box (see photo) partially-glazed door leading to reception room 2.

Reception Room 2 - 14' 3'' x 14' 0'' (4.34m x 4.26m) - Large reception room.
Parquet flooring, 2 double radiators, open plan to first floor, rear facing double-glazed window, partially-glazed door leading to the back yard, door leading off to kitchen, door leading off to reception room 1 or bedroom 3 depending on the needs of the new owner.

Reception Room 1 Or Bedroom 3 - 13' 1'' x 11' 7'' (3.98m x 3.53m) - In this particular style of property, these front rooms are traditionally used as bedrooms or could equally be used as a reception room. Laminate wood-effect flooring, radiator, gas fire, front facing double-glazed window. Partially-glazed door connecting this room with reception room 2. Originally there would have a door leading from this room directly into the hallway but it must have been blocked up at some point.

Kitchen - 12' 0'' x 5' 10'' (3.65m x 1.78m) - Laminate wood-effect flooring, radiator, double-glazed window. Fitted kitchen with a range of wall and floor units in a white finish with laminate wood-effect work surface. Space and plumbing for a washing machine, space and plumbing for a gas cooker, door leading off to bathroom.

Bathroom - 7' 10'' x 6' 0'' (2.39m x 1.83m) - Laminate wood-effect flooring, chrome towel heater style radiator, double-glazed window with privacy glass. Quadrant corner shower with electric shower, hand basin with chrome tap. The walls are finished in a uPVC cladding, door leading off to separate WC.

Seperate Wc - 6' 0'' x 3' 0'' (1.83m x 0.91m) - Laminate wood-effect flooring, white toilet with low level cistern, chrome towel heater style radiator, double-glazed window with privacy glass. The walls are finished in cladding.

First Floor Landing - 2 doors leading off to bedroom 1 and bedroom 2.

Bedroom 1 - 15' 9'' x 13' 2'' (4.80m x 4.01m) - Measurements taken at widest points.
This is a very large bedroom which was previously 2 bedrooms and could be reverted back to 2 bedrooms with the addition of a partition wall and separate access, it would be relatively straight forward. 2 front facing double-glazed windows, 2 radiators and electric sockets in each part of the room. The ceilings are full height by virtue of the front dormer.

Bedroom 2 - 11' 4'' x 10' 2'' (3.45m x 3.10m) - Carpet flooring, radiator, rear facing single-glazed window with views of the village church. This is also a double bedroom.

Externally - Rear yard with manual up and over garage door providing vehicle access for one vehicle. The rear extension (underneath the kitchen and bathroom) also has cellar access which provides additional storage, and which is also the location of the central heating boiler. This is accessible by a separate door In the rear yard.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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