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





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£76,500 |
| |
End Value (After Refurb) | £133,983£133,983 |
Uplift in Value | +79%+79% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £18,750£18,750 |
Stamp Duty & Legal Fees | £3,450£3,450 |
Refurb Costs | £35,501£35,501 |
Bridging Loan Interest | £1,969£1,969 |
Total Cash In | £61,420£61,420 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentFlip |
Estimated Sale Price | £133,983£133,983 |
Agent Fees (1%) | £1,340£1,340 |
Bridging Loan | £56,250£56,250 |
Bridging Loan Interest | £1,969£1,969 |
Flip Profit | £14,974£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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£80K | 02/21 | 0.02 mi | 21, Smith Street, Ryhope, Sunderland, Tyne And Wear SR2 0RG | £851 | 94 | 3 | Terraced House | |
£82.5K | 01/21 | 0.02 mi | 8, Smith Street, Ryhope, Sunderland, Tyne And Wear SR2 0RG | £842 | 98 | 3 | Terraced House | |
£80K | 12/22 | 0.05 mi | 4, Smith Street, Ryhope, Sunderland, Tyne And Wear SR2 0RG | - | - | 3 | Terraced House | |
£134K | 01/23 | 0.08 mi | 4, Colin Terrace, Sunderland, Tyne And Wear SR2 0RE | £1,942 | 69 | 3 | Semi-Detached House | |
£118.4K | 09/21 | 0.1 mi | 40, Smith Street South, Ryhope, Sunderland, Tyne And Wear SR2 0LL | £940 | 126 | 3 | Terraced House | |
£115K | 10/21 | 0.1 mi | 23, Huntley Terrace, Sunderland, Tyne And Wear SR2 0RJ | £1,662 | 69 | 3 | Terraced House | |
£155.2K | 03/23 | 0.11 mi | 11, Halifax Place, Ryhope, Sunderland, Tyne And Wear SR2 0RD | - | - | 3 | Detached House | |
£90.3K | 11/21 | 0.11 mi | 12, Ryhope Street South, Sunderland, Tyne And Wear SR2 0RN | - | - | 3 | Terraced House | |
£120K | 01/23 | 0.12 mi | 3, North View, Ryhope, Sunderland, Tyne And Wear SR2 0PE | - | - | 3 | Semi-Detached House | |
£130K | 11/20 | 0.14 mi | 16, Trotter Terrace, Sunderland, Tyne And Wear SR2 0LA | £1,878 | 69 | 3 | Semi-Detached House | |
£100K | 02/23 | 0.15 mi | 3, Grey Terrace, Sunderland, Tyne And Wear SR2 0QT | - | - | 3 | Terraced House | |
£170K | 05/23 | 0.17 mi | Llanviddy, Burdon Lane, Sunderland, Tyne And Wear SR2 0HR | - | - | 3 | Semi-Detached House | |
£81K | 01/21 | 0.17 mi | 27, Grey Terrace, Sunderland, Tyne And Wear SR2 0QS | £634 | 128 | 3 | Terraced House | |
£95K | 01/23 | 0.17 mi | 27, Grey Terrace, Sunderland, Tyne And Wear SR2 0QS | £744 | 128 | 3 | Terraced House | |
£225K | 06/22 | 0.18 mi | 8, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ | £2,848 | 79 | 3 | Detached House | |
£185K | 03/21 | 0.18 mi | 41, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ | £2,151 | 86 | 3 | Detached House | |
£92K | 11/21 | 0.33 mi | 25, Ridley Avenue, Sunderland, Tyne And Wear SR2 0SF | - | - | 3 | Semi-Detached House | |
£156.9K | 06/21 | 0.33 mi | 35, Ridley Avenue, Sunderland, Tyne And Wear SR2 0SF | £1,635 | 96 | 3 | Semi-Detached House | |
£168.2K | 09/21 | 0.35 mi | 77, Esdale, Sunderland, Tyne And Wear SR2 0JF | - | - | 3 | Semi-Detached House | |
£168K | 03/21 | 0.35 mi | 23, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YW | - | - | 3 | Detached House | |
£185K | 09/23 | 0.35 mi | 15, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YW | £2,357 | 78 | 3 | Detached House | |
£185K | 11/22 | 0.37 mi | 49, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YW | £2,126 | 87 | 3 | Semi-Detached House | |
£200K | 05/23 | 0.38 mi | 6, Polperro Close, Ryhope, Sunderland, Tyne And Wear SR2 0YN | - | - | 3 | Detached House | |
£152.5K | 11/20 | 0.39 mi | 32, Blyton Avenue, Sunderland, Tyne And Wear SR2 0JT | £1,556 | 98 | 3 | Semi-Detached House | |
£95K | 03/23 | 0.4 mi | 7, Ocean View, Sunderland, Tyne And Wear SR2 0SQ | £1,044 | 91 | 3 | Semi-Detached House | |
£140K | 05/23 | 0.41 mi | 5, Leechmere View, Sunderland, Tyne And Wear SR2 0SH | - | - | 3 | Semi-Detached House | |
£190K | 04/21 | 0.41 mi | 11, Blyton Avenue, Sunderland, Tyne And Wear SR2 0JP | - | - | 3 | Semi-Detached House | |
£205K | 12/22 | 0.43 mi | 13, Regent Road, Ryhope, Sunderland, Tyne And Wear SR2 0PP | - | - | 3 | Detached House | |
£119K | 12/20 | 0.43 mi | 7, Stewart Avenue, Sunderland, Tyne And Wear SR2 0JR | £1,280 | 93 | 3 | Semi-Detached House | |
£150K | 01/21 | 0.45 mi | 10, Lynthorpe, Sunderland, Tyne And Wear SR2 0ET | £838 | 179 | 3 | Semi-Detached House | |
£150K | 08/21 | 0.46 mi | 14, Kineton Way, Ryhope, Sunderland, Tyne And Wear SR2 0LJ | £1,653 | 91 | 3 | Semi-Detached House | |
£185K | 06/21 | 0.47 mi | 30, Bankside Close, Ryhope, Sunderland, Tyne And Wear SR2 0AN | - | - | 3 | Detached House | |
£135K | 02/23 | 0.48 mi | 34, Lynthorpe, Sunderland, Tyne And Wear SR2 0ES | - | - | 3 | Semi-Detached House | |
£171.1K | 08/23 | 0.52 mi | 5, Marine Drive, Leechmere, Sunderland, Tyne And Wear SR2 0DU | £2,139 | 80 | 3 | Semi-Detached House | |
£200K | 09/22 | 0.52 mi | 15, Marine Drive, Leechmere, Sunderland, Tyne And Wear SR2 0DU | - | - | 3 | Detached House | |
£189.9K | 05/21 | 0.58 mi | 19, Barton Park, Ryhope, Sunderland, Tyne And Wear SR2 0AW | £2,235 | 85 | 3 | Detached House | |
£130K | 05/23 | 0.59 mi | 34, Edgmond Court, Sunderland, Tyne And Wear SR2 0DX | - | - | 3 | Semi-Detached House | |
£125K | 08/21 | 0.62 mi | 76, Langhurst, Sunderland, Tyne And Wear SR2 0DZ | £1,689 | 74 | 3 | Semi-Detached House | |
£124.8K | 03/21 | 0.62 mi | 19, Langhurst, Sunderland, Tyne And Wear SR2 0DZ | £1,114 | 112 | 3 | Semi-Detached House | |
£190K | 06/23 | 0.62 mi | 1, Langhurst, Sunderland, Tyne And Wear SR2 0DZ | - | - | 3 | Semi-Detached House | |
£186K | 06/21 | 0.63 mi | 27, Bowood Close, Sunderland, Tyne And Wear SR2 0BY | £2,104 | 88 | 3 | Detached House | |
£138.9K | 07/23 | 0.67 mi | 6, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL | - | - | 3 | Semi-Detached House | |
£100K | 11/20 | 0.71 mi | 73, Hollycarrside Road, Sunderland, Tyne And Wear SR2 0ED | £1,265 | 79 | 3 | Terraced House | |
£110K | 11/20 | 0.73 mi | 8, Ramilies, Sunderland, Tyne And Wear SR2 0BB | £1,183 | 93 | 3 | Semi-Detached House | |
£130K | 08/23 | 0.74 mi | 28, Ravensworth, Sunderland, Tyne And Wear SR2 0AZ | £1,250 | 104 | 3 | Semi-Detached House | |
£110K | 07/21 | 0.74 mi | 59, Ravensworth, Sunderland, Tyne And Wear SR2 0AZ | £1,122 | 98 | 3 | Semi-Detached House | |
£97K | 04/21 | 0.75 mi | 19, Runnymede, Sunderland, Tyne And Wear SR2 0BJ | - | - | 3 | Semi-Detached House | |
£115K | 07/21 | 0.76 mi | 45, Rothbury, Sunderland, Tyne And Wear SR2 0BE | - | - | 3 | Semi-Detached House | |
£262.5K | 03/21 | 0.79 mi | 5, Ryhope Grange Court, Sunderland, Tyne And Wear SR2 9HU | - | - | 3 | Detached House | |
£210K | 11/21 | 0.8 mi | 8, Millthorp Close, Sunderland, Tyne And Wear SR2 7RE | - | - | 3 | Detached House |
Local Rents
15 rents from £700/mo to £1.6K/mo, average is £825/mo.
Rent | Date | Distance | Address | Beds | Type | |
£795 | 09/24 | 0.01 mi | Thomas Street, Sunderland, Tyne And Wear, SR2 | 3 | Terraced House | |
£875 | 09/24 | 0.04 mi | St. Pauls Terrace, Sunderland, Tyne and Wear, SR2 | 3 | Terraced House | |
£730 | 07/24 | 0.04 mi | - | 3 | Terraced House | |
£825 | 01/25 | 0.34 mi | - | 3 | Semi-Detached House | |
£795 | 11/24 | 0.4 mi | - | 3 | Terraced House | |
£750 | 06/24 | 0.42 mi | - | 3 | Semi-Detached House | |
£725 | 09/24 | 0.52 mi | Attlee Grove, Sunderland | 3 | Terraced House | |
£800 | 09/24 | 0.67 mi | - | 3 | Semi-Detached House | |
£850 | 09/24 | 0.67 mi | Tarn Drive, Grangetown, Sunderland | 3 | Flat | |
£1,250 | 09/24 | 0.73 mi | Cherry Brooks Way, Ryhope, Sunderland | 3 | Detached House | |
£700 | 09/24 | 1.02 mi | Oswald Terrace, Grangetown, Sunderland | 3 | Terraced House | |
£950 | 09/24 | 1.13 mi | Camberley Close, Tunstall | 3 | Bungalow | |
£850 | 09/24 | 1.14 mi | Grange Street South, Sunderland, Tyne and Wear, SR2 | 3 | Terraced House | |
£1,300 | 09/24 | 1.15 mi | West Cherry Knowle Farm | 3 | Flat | |
£1,550 | 05/24 | 1.19 mi | - | 3 | Semi-Detached House |
Local Area Statistics
Population in SR2 | 33,44033,440 |
Population in Sunderland | 183,740183,740 |
Town centre distance | 3.14 miles away3.14 miles away |
Nearest school | 1 miles away1 miles away |
Nearest train station | 2.33 miles away2.33 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +23%+23% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | -5%-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.
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