2 Bed Bungalow, Refurb/BRRR, Sunderland, SR3 1YL, £275,000

Ridgeway Crescent, Sunderland, SR3 1YL - 1 views - 5 months ago

Leasehold
Refurb/BRRR
~68 m²
+15 photos

ValuationOvervalued

Sold Prices£68.5K - £325K
Sold Prices/m²£941/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£101,680

 

 

End Value (After Refurb)

£262,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£26,073

Bridging Loan Interest

£7,219

Total Cash In

£114,491

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£262,500

Mortgage (After Refinance)

£196,875

Mortgage LTV

75%

Cash Left In

£114,491

Equity

£65,625

Rent Range

£495 - £2,000

Rent Estimate

£714

Running Costs/mo

£983

Cashflow/mo

£-269

Cashflow/yr

£-3,229

Gross Yield

3%

Local Sold Prices

50 sold prices from £68.5K to £325K, average is £120.5K. £941/m² to £3.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£195K12/200.04 mi23, St Nicholas Avenue, Sunderland, Tyne And Wear SR3 1YH2
£305K06/210.07 mi5, Granby Close, Sunderland, Tyne And Wear SR3 1XG2
£167.5K01/210.08 mi3, Heatherlea Gardens, Sunderland, Tyne And Wear SR3 1YQ2
£115K02/210.12 mi4, Cranbrook, Sunderland, Tyne And Wear SR3 1DL2
£133K09/230.13 mi4, Frinton Park, Sunderland, Tyne And Wear SR3 1DN2
£197.5K09/230.13 mi53, Hipsburn Drive, Sunderland, Tyne And Wear SR3 1TY2
£249.9K06/230.15 mi24, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LS2
£230K12/200.25 mi38, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LU2
£245K11/200.28 mi8, Burford Gardens, Sunderland, Tyne And Wear SR3 1LX2
£179.9K11/200.28 mi173, Queen Alexandra Road, Sunderland, Tyne And Wear SR3 1XN2
£190K08/210.29 mi26, Barnes Park Road, Sunderland, Tyne And Wear SR4 7PE2
£176.3K07/210.31 mi9, Dunbreck Grove, Sunderland, Tyne And Wear SR4 7LL2
£325K03/230.35 mi10, Thristley Gardens, Sunderland, Tyne And Wear SR2 9BL2
£207.5K12/220.36 mi120, Hurstwood Road, Sunderland, Tyne And Wear SR4 7LJ2
£175K12/200.39 mi3, Harperley Drive, Sunderland, Tyne And Wear SR3 1AW2
£195K11/200.39 mi14, Harperley Drive, Sunderland, Tyne And Wear SR3 1AW2
£225K06/230.42 mi7, Chatsworth Crescent, Sunderland, Tyne And Wear SR4 7NP2
£175.7K11/230.42 mi11, Chatsworth Crescent, Sunderland, Tyne And Wear SR4 7NP2
£94K12/200.43 mi34, Tudor Grove, Sunderland, Tyne And Wear SR3 1SB2
£100K03/210.43 mi82, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LW2
£215K11/230.45 mi17, Mount Grove, Sunderland, Tyne And Wear SR4 7NW2
£200K10/210.46 mi70, Barnes Park Road, Sunderland, Tyne And Wear SR4 7PY2
£82K06/230.53 mi107, Premier Road, Sunderland, Tyne And Wear SR3 1SY2
£100K12/230.54 mi54, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NJ2
£105K11/200.54 mi75, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NJ2
£96.5K10/210.55 mi27, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ2
£115K12/200.55 mi99, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NL2
£112.5K04/230.55 mi89, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NL2
£93K07/230.58 mi51, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£106K09/230.58 mi58, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£129.5K08/210.58 mi9, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ2
£120K11/230.6 mi28, Queens Crescent, Sunderland, Tyne And Wear SR4 7JN2
£68.5K08/210.61 mi31, Shaftesbury Crescent, Sunderland, Tyne And Wear SR3 4AS2
£123K06/230.63 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£78K12/200.63 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£110K01/210.63 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£76.5K05/230.63 mi6, Kitchener Street, Sunderland, Tyne And Wear SR4 7QJ2
£80K02/210.65 mi3, Beachville Street, Sunderland, Tyne And Wear SR4 7NA2
£96K05/210.65 mi22, Ingleby Terrace, Sunderland, Tyne And Wear SR4 7NF2
£112K09/230.66 mi26, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£100K11/210.66 mi29, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£76K01/230.66 mi1, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£92K08/230.68 mi3, Vale Street, Sunderland, Tyne And Wear SR4 7NB2
£92K08/230.68 mi28, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£121K06/230.68 mi23, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£156K09/230.69 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£172K04/210.7 mi6, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£179.9K07/220.71 mi1, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£112.5K05/230.71 mi13, Greta Terrace, Sunderland, Tyne And Wear SR4 7RD2
£115K12/200.71 mi2, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2

Local Rents

50 rents from £495/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£70009/240.41 miBelle Vue Crescent, Sunderland, SR22
£87509/240.51 miWillow Green, Ashbrooke, Sunderland, SR22
£1,99501/250.57 mi-2
£67509/240.61 mi5 Thornhill Gardens, Sunderland, SR22
£70009/240.63 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£49509/240.64 mi-2
£49511/240.64 mi-2
£49511/240.64 mi-2
£75009/240.65 miEnnerdale, Ashbrooke2
£80010/240.66 mi-2
£71501/250.66 mi-2
£85004/250.66 mi-2
£60009/240.67 miNora Street, High Barnes, Sunderland2
£87512/240.67 mi-2
£65002/250.69 mi-2
£79509/240.71 mi-2
£57509/240.75 miPerth Road, Plains Farm, Sunderland2
£65009/240.76 miDene Street, Sunderland, SR32
£69509/240.77 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£75009/240.77 miLeopold House, Albert Court, Sunderland, SR22
£85009/240.77 mi-2
£75001/250.78 mi-2
£2,00002/250.78 mi-2
£75002/250.79 mi-2
£75001/250.79 mi-2
£75009/240.79 mi-2
£75002/250.79 mi-2
£69509/240.79 miAlbert Court, Royal Courts, Sunderland2
£65009/240.8 mi1-4 Ashbrooke Terrace, Sunderland2
£75009/240.81 miArgyle Square, Sunderland, SR22
£68511/240.82 mi-2
£68511/240.82 mi-2
£65009/240.82 miPark Hall, Sunderland, Ashbrooke, SR22
£70008/240.84 mi-2
£70010/240.84 mi-2
£75009/240.84 miSummerhill, Thornhill, Sunderland, SR22
£75008/240.84 mi-2
£70010/240.85 mi-2
£70009/240.85 mi-2
£70001/250.85 mi-2
£70002/250.85 mi-2
£70011/240.85 mi-2
£67512/240.85 mi-2
£70009/240.86 mi-2
£72509/240.87 mi-2
£50002/240.87 mi-2
£50003/240.87 mi-2
£50009/240.87 miSomerset Cottages, Sunderland, SR32
£70003/250.88 mi-2
£70009/240.88 miOrchard House, Belford Close, SUNDERLAND, SR22

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

1.13 miles away

Nearest school

0.30 miles away

Nearest train station

0.80 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £275,000

November 15, 2024

Sold for £176,000

2019

Description

  • LARGER STYLE SEMI-DETACHED BUNGALOW +
  • 2 DOUBLE BEDROOMS WITH FITTED ROBES +
  • BEAUTIFUL BATHROOM WITH LARGE WALK-IN DOUBLE SHOWER +
  • EPC RATING D +
  • SUPERB KITCHEN DINING ROOM WITH STYLISH KITCHEN +
  • LONG DRIVEWAY LEADING TO DETACHED GARAGE +
  • WELL-MAINTAINED GENEROUS GARDEN PLOT TO REAR +
  • NEW ROOF +
  • COMPREHENSIVE RECENT REFURBISHMENT READY TO MOVE INTO +

LARGER STYLE SEMI-DETACHED BUNGALOW - 2 DOUBLE BEDROOMS WITH FITTED ROBES - BEAUTIFUL BATHROOM WITH LARGE WALK-IN DOUBLE SHOWER - SUPERB KITCHEN DINING ROOM WITH STYLISH KITCHEN - LONG DRIVEWAY LEADING TO DETACHED GARAGE - WELL-MAINTAINED GENEROUS GARDEN PLOT TO REAR - NEW ROOF - COMPREHENSIVE RECENT REFURBISHMENT READY TO MOVE INTO … Good Life Homes are delighted to bring to the market a gorgeous larger-style 2 double bedroom semi-detached bungalow in a sought-after location just off Crosslea Avenue. The subject of a significant renovation in recent years by the current owner, including a complete new roof, this beautiful spacious bungalow now offers a modern, up to date, ready to move into opportunity perfect for buyers looking for one-level living without the need to compromise too much on space and without having to carry out renovation works prior to moving in. Briefly comprising on the outside; long driveway leading to detached garage, never need to cut your front garden again with a time-saving artificial lawn, traditional rear lawn with borders and nice aspect. Internally, the property comprises 2 double front facing bedrooms with fitted robes, generous lounge, lovely bathroom with walk-in double shower and convenient stylish controls, fabulous dining kitchen with stylish units and large enough to ensure you probably wont have to compromise on space if you’re downsizing from a traditional house. A lovely bungalow by any standard, 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 you won’t pay us anything 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 - LARGER STYLE SEMI-DETACHED BUNGALOW - 2 DOUBLE BEDROOMS WITH FITTED ROBES - BEAUTIFUL BATHROOM WITH LARGE WALK-IN DOUBLE SHOWER - SUPERB KITCHEN DINING ROOM WITH STYLISH KITCHEN - LONG DRIVEWAY LEADING TO DETACHED GARAGE - WELL-MAINTAINED GENEROUS GARDEN PLOT TO REAR - NEW ROOF
- COMPREHENSIVE RECENT REFURBISHMENT READY TO MOVE INTO …

Entrance Hall - Laminate wood-effect flooring, vertical radiator, loft hatch with pull down ladders, doors leading off dining kitchen, lounge, 2 bedroom and bathroom. Large vertical radiator, built-in cupboard housing modern electric consumer unit and electric meter.

Bedroom 1 - 5.05m x 4.01m (16'7 x 13'2) - Measurements taken at widest points and into bay
Large double bedroom.
Carpet flooring, vertical radiator, white uPVC double-glazed bay window. Stylish fitted wardrobes to 1 wall with sliding doors providing a good degree of storage and hanging space.

Bedroom 2 - 3.66m x 3.53m (12'0 x 11'7) - This is also a good size double bedroom.
Carpet flooring, radiator, front facing white uPVC double-glazed bay window. Fitted wardrobes to 1 wall with sliding mirrored doors providing a good degree of storage and hanging space.

Bathroom - 2.67m x 1.96m (8'9 x 6'5) - A beautiful stylish bathroom with texture wall and floor tiles in a natural stone-effect finish, side facing white uPVC double-glazed window with privacy glass. Toilet and sink built into stylish vanity unit with concealed cistern and push button flush and chrome tap, gorgeous walk-in low profile shower with fixed glass shower and shower fed from the main hot water system comprising fixed overhead shower and separate hand held shower. Clever recess built into the shower area with small shelf positioned at a convenient height to house, shampoo soaps and shower gel etc. vertical radiator. Recessed lights to ceiling.

Lounge - 5.00m x 4.01m (16'5 x 13'2) - A lovely size.
Carpet flooring, vertical radiator, rear facing lovely white uPVC double-glazed bay window with views over the garden. Plasma style fire built into the chimney breast.

Kitchen - 7.82m x 3.66m (25'8 x 12'0) - Fabulous open plan space to the rear of the property continuing stylish one level living comprising laminate wood-effect flooring, vertical radiators, under window radiator, white uPVC double-glazed bay window over garden and beyond. Stylish fitted kitchen with a range of wall and floor units in a light grey-effect finish with complementary laminate wood-effect work surface which returns to create an informal breakfast bar facility suitable for at least 2 bar stools. The kitchen enjoys a quartz style sink with bowl and a half and Monobloc tap. Integrated electric oven and integrated combination microwave, space and plumbing for washing machine, space tall fridge/freezer, 2 side facing white uPVC double-glazed windows. Central to the kitchen is a 4 ring ceramic induction hob with matching splash back and feature extractor chimney. We note, plenty of double sockets within the kitchen area to cover portable appliances.

Garage - Single manual door access, electric sockets and lighting.

Externally - Multi car driveway leading to a detached garage at the rear. Artificial lawn with gravel borders. White uPVC double-glazed door to the side leading into enclosed porch, internal door leading into entrance hall.

The property has been made completely low maintenance with large area laid to lawn, borders and gravel chippings, access to the garage from the side. The property enjoys a sunny aspect particularly in the afternoon and evening as the sun comes around to the west facing aspect.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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