3 Bed Terraced House, Single Let, Sunderland, SR2 8PR, £69,995

Canon Cockin Street, Hendon, Sunderland, SR2 8PR - 1 views - 5 months ago

Sold STC
BTL
ROI: 11%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£40K - £510K
Sold Prices/m²£405/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£84,694
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,499

Stamp Duty & Legal Fees

£3,300

Total Cash In

£20,799

 

 

Cash Out

 

Rent Range

£595 - £3,500

Rent Estimate

£530

Running Costs/mo

£345

Cashflow/mo

£185

Cashflow/yr

£2,223

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40K to £510K, average is £114K. £405/m² to £2.4K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£62K06/230.05 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£46K03/210.11 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£140K08/210.19 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£144K12/200.25 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.25 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£240K09/210.27 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£105K03/230.3 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3
£190K09/230.3 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£135K06/230.3 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.3 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£335K02/210.32 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£260K06/210.34 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£140K06/210.36 mi76, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£72K08/210.36 mi35, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£65.6K02/230.39 mi11, Tower Street West, Sunderland, Tyne And Wear SR2 8JY3
£68.4K05/210.4 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£216.5K11/200.4 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£110K11/200.42 mi8, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PE3
£96K12/200.42 mi25, Grange Street South, Sunderland, Tyne And Wear SR2 9QS3
£510K09/220.44 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£80K04/210.45 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.45 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£245K03/210.45 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£145K01/210.46 mi22, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PD3
£73K01/230.46 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.46 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£73K02/210.47 mi14, Margaret Street, Sunderland, Tyne And Wear SR2 9SB3
£125K11/200.48 mi43, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£150K06/210.48 mi27, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£80K12/220.5 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£40K01/210.51 mi29, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£50K07/210.51 mi44, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£51.5K04/230.51 mi18, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£155K07/230.51 mi26, Woodstock Avenue, Sunderland, Tyne And Wear SR2 9NT3
£118K04/230.53 mi15, Westheath Avenue, Sunderland, Tyne And Wear SR2 9NR3
£97K12/200.54 mi5, Aysgarth Avenue, Sunderland, Tyne And Wear SR2 9RT3
£97K12/200.55 mi4, Kitchener Terrace, Sunderland, Tyne And Wear SR2 9RR3
£86K09/210.55 mi131, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£100K05/210.55 mi121, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£65K01/210.55 mi155, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£175K02/210.55 mi49, Victoria Avenue West, Sunderland, Tyne And Wear SR2 9PQ3
£95K02/230.56 mi139, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£102K10/200.57 mi20, St Aidans Avenue, Sunderland, Tyne And Wear SR2 9SF3
£108K08/230.6 mi5, Crossby Court, Sunderland, Tyne And Wear SR2 8BX3
£176K11/210.6 mi27, Askrigg Avenue, Sunderland, Tyne And Wear SR2 9SG3
£164K02/210.6 mi5, Askrigg Avenue, Sunderland, Tyne And Wear SR2 9SG3
£247K03/210.62 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.62 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.62 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.62 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3

Local Rents

12 rents from £595/mo to £3.5K/mo, average is £715/mo.

RentDateDistanceAddressBeds 
£79501/250.11 mi-3
£65009/240.23 mi-3
£59501/250.23 mi-3
£65001/250.23 mi-3
£65009/240.23 miSaint Leonard Street, Sunderland, SR23
£3,50004/250.31 mi-3
£70012/240.37 mi-3
£85009/240.41 miGrange Street South, Sunderland, Tyne and Wear, SR23
£73004/250.45 mi-3
£87504/250.51 mi-3
£70009/240.53 miOswald Terrace, Grangetown, Sunderland3
£82509/240.61 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.21 miles away

Nearest school

0.20 miles away

Nearest train station

1 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £69,995

November 16, 2024

Sold for £34,000

2002

Sold for £31,500

1997

Description

  • LANDLORD BUY TO LET OPPORTUNITY +
  • WELL PRESENTED 3 BEDROOM MID TERRACED HOUSE +
  • LARGE DOUBLE GARAGE WITH REMOTE DOORS TO REAR +
  • EPC RATING F +
  • 2 RECEPTION ROOMS +
  • MODERN BATHROOM +
  • FTB/FAMILY OR BUY TO LET OPPORTUNITY +
  • CURRENTLY TENANTED FOR 14 YEARS AT £530pm WITH NICE TENANT +
  • TENANT WOULD PREFER TO STAY IF POSSIBLE +
  • STRONG YIELD OVER 8%pa +

LANDLORD BUY TO LET OPPORTUNITY - WELL PRESENTED 3 BEDROOM MID TERRACED HOUSE - LARGE DOUBLE GARAGE WITH REMOTE DOORS TO REAR - 2 RECEPTION ROOMS -MODERN BATHROOM - FTB/FAMILY OR BUY TO LET OPPORTUNITY - CURRENTLY TENANTED FOR 14 YEARS AT £530pm WITH NICE TENANT
- TENANT WOULD PREFER TO STAY IF POSSIBLE - STRONG YIELD OVER 8%pa …
Good Life Homes are delighted to bring to the market a well presented 3 bedroom mid terraced home with large double garage to the rear operated via remote shutter. He property has been let to the same tenant for 14 years and whom currently pays £530pm rent and would, ideally like to stay if possible. It is therefore attractive to a potential buy to let landlord although the property could be available with vacant possession if required.
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 - LANDLORD BUY TO LET OPPORTUNITY - WELL PRESENTED 3 BEDROOM MID TERRACED HOUSE - LARGE DOUBLE GARAGE WITH REMOTE DOORS TO REAR - 2 RECEPTION ROOMS -MODERN BATHROOM - FTB/FAMILY OR BUY TO LET OPPORTUNITY - CURRENTLY TENANTED FOR 14 YEARS AT £530pm WITH NICE TENANT
- TENANT WOULD PREFER TO STAY IF POSSIBLE - STRONG YIELD OVER 8%pa …

Entrance Vestibule - Entrance via white uPVC double-glazed door. Built in cupboards with consumer unit and meter. Partially-glazed door leading to entrance hall.

Entrance Hall - Laminate wood-effect flooring, carpeted stairs to first floor landing, radiator, partially-glazed door leading to lounge, door leading off to bathroom.

Bathroom - 9' 0'' x 6' 0'' (2.74m x 1.83m) - A lovely size bathroom.
White toilet with low level cistern, white bath with panel, glass shower screen over and chrome taps with shower fed from the main hot water system, bowl style basin on mosaic shelf. Chrome towel heater style radiator, ceramic tiles to wall with decorative border, tiled flooring, rear facing white uPVC double-glazed window with privacy glass. Recessed lights to ceiling.

Lounge - 15' 3'' x 11' 7'' (4.64m x 3.53m) - Laminate wood-effect flooring, front facing white uPVC double-glazed bay window, built in electric fire, radiator. The lounge is mostly open plan to the dining room.

Dining Room - 12' 10'' x 10' 10'' (3.91m x 3.30m) - Continuation of the laminate wood-effect flooring, radiator, rear facing white uPVC double-glazed window. The dining room is partially open plan to the lounge, door leading off to the kitchen.

Kitchen - 10' 3'' x 7' 2'' (3.12m x 2.18m) - Laminate tile effect flooring, white uPVC double-glazed window, white uPVC double-glazed door, fitted kitchen with a range of wall and floor units in a light wood-effect finish with contrasting laminate wood-effect work surfaces, integrated electric oven, 4 ring induction hob, integrated extractor. Stainless steel sink with single bowl, single drainer and matching Monobloc tap, space and plumbing for a washing machine, space for tall fridge/freezer, built in cupboard housing the Combi boiler.

First Floor Landing - 3 doors leading off to bedrooms.

Bedroom 1 - 13' 0'' x 9' 3'' (3.96m x 2.82m) - Carpet flooring, double radiator, front facing white uPVC double-glazed window. Fitted wardrobes to one wall providing a good degree of storage and hanging space.

Please note, the room measurements do not include depth of fitted wardrobes. This is a double bedroom.

Bedroom 2 - 11' 2'' x 9' 10'' (3.40m x 2.99m) - Laminate wood-effect flooring, radiator, rear facing white uPVC double-glazed window. Currently used as a store room by the current tenant. This is a good size double room.

Bedroom 3 - 8' 2'' x 5' 11'' (2.49m x 1.80m) - Bedroom 3 is approx. 48 square feet with carpet flooring, radiator and double-glazed wooden framed roof window. Sliding door leading into from the first floor landing. This could be used as a nursery or study.

Garage - 19' 2'' x 17' 0'' (5.84m x 5.18m) - The property has a detached double garage to the rear with an electric roller shutter access of approx. 15ft in width, electric roller at the rear directly into the back yard. Belfast sink with water supply, electric sockets and lighting. This is a terrific facility for someone who wants secure car parking or a lock up.

Externally - Raised decked patio to the rear of the kitchen which does appear to require some attention.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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