2 Bed Terraced House, Potential PLO/LOA, Sunderland, SR4 6HW, £55,000

Kings Terrace, Sunderland, Tyne and Wear, SR4 6HW - 36 views - 5 months ago

Negative Equity
ROI: 15%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£33.5K - £120K
Sold Prices/m²£534/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£71,759
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,150

Total Cash In

£16,900

 

 

Cash Out

 

Rent Range

£475 - £795

Rent Estimate

£586

Running Costs/mo

£309

Cashflow/mo

£277

Cashflow/yr

£3,323

ROI

20%

Gross Yield

13%

Local Sold Prices

50 sold prices from £33.5K to £120K, average is £65.5K. £534/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£46K01/230.04 mi2, Kings Terrace, Sunderland, Tyne And Wear SR4 6HW2
£65K10/210.09 mi75, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£47K11/200.09 mi63, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£105K11/210.1 mi20, Magdelene Place, Sunderland, Tyne And Wear SR4 6LW2
£80K08/210.13 mi8, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£97K05/230.13 mi12, Hume Street, Sunderland, Tyne And Wear SR4 6HU2
£75K12/210.13 mi28, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£80K02/210.17 mi7, Walpole Court, Sunderland, Tyne And Wear SR4 6JH2
£45.5K03/210.18 mi14, Ailesbury Street, Sunderland, Tyne And Wear SR4 6EW2
£40K04/240.19 mi3, Garnet Street, Sunderland, Tyne And Wear SR4 6QS2
£60K01/210.2 mi19, Dene Street, Sunderland, Tyne And Wear SR4 6JB2
£95K08/210.2 mi115, Flint Road, Sunderland, Tyne And Wear SR4 6EG2
£86.5K11/200.2 mi17, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£72.5K01/240.2 mi19, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£64K09/230.22 mi29, Well Street, Sunderland, Tyne And Wear SR4 6JE2
£113K10/210.23 mi17, Corning Road, Sunderland, Tyne And Wear SR4 6EE2
£90K10/230.24 mi23, Howarth Street, Sunderland, Tyne And Wear SR4 7UT2
£75K02/210.25 mi30, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£65K06/230.25 mi33, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£62.5K12/200.25 mi28, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£60.5K02/230.25 mi31, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£85K11/200.25 mi23, Pallion Park, Sunderland, Tyne And Wear SR4 6QE2
£61K08/230.26 mi1, Martin Terrace, Sunderland, Tyne And Wear SR4 6JD2
£71.8K05/230.26 mi4, Martin Terrace, Sunderland, Tyne And Wear SR4 6JD2
£70K08/230.28 mi63, Ancona Street, Sunderland, Tyne And Wear SR4 6TW2
£48K01/210.29 mi3, Enfield Street, Sunderland, Tyne And Wear SR4 6SE2
£35K03/240.29 mi20, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP2
£74K01/240.29 mi11, Dryborough Street, Sunderland, Tyne And Wear SR4 6BL2
£60K05/210.3 mi15, Midmoor Road, Sunderland, Tyne And Wear SR4 6NP2
£68K02/210.31 mi69, Hylton Street, Sunderland, Tyne And Wear SR4 7DG2
£65K05/210.31 mi7, Mafeking Street, Sunderland, Tyne And Wear SR4 6NE2
£33.5K12/200.32 mi46, Ancona Street, Sunderland, Tyne And Wear SR4 6TL2
£60K05/210.32 mi12, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£59.5K10/200.32 mi32, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£55K01/240.32 mi22, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£72K07/230.32 mi11, Kimberley Street, Sunderland, Tyne And Wear SR4 6NB2
£63K06/210.33 mi4, Sheridan Street, Sunderland, Tyne And Wear SR4 6NN2
£70K10/200.33 mi11, Hazledene Terrace, Sunderland, Tyne And Wear SR4 6NA2
£90K01/210.33 mi11, Enderby Road, Sunderland, Tyne And Wear SR4 6BA2
£77.5K02/230.35 mi24, Romford Street, Sunderland, Tyne And Wear SR4 6LX2
£85K06/230.35 mi10, Highfield Place, Sunderland, Tyne And Wear SR4 6LP2
£65K01/230.37 mi5, Stratfield Street, Sunderland, Tyne And Wear SR4 6RB2
£64.6K01/210.37 mi34, Milburn Street, Sunderland, Tyne And Wear SR4 6AX2
£60K05/230.37 mi4, Stratfield Street, Sunderland, Tyne And Wear SR4 6RB2
£53K02/210.38 mi4, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£66K01/210.38 mi1, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£63K02/240.38 mi27, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£95K06/210.38 mi36, Fordland Place, Sunderland, Tyne And Wear SR4 6UR2
£85K02/210.4 mi46, Fordfield Road, Sunderland, Tyne And Wear SR4 6UU2
£120K03/240.41 mi37, Fordfield Road, Sunderland, Tyne And Wear SR4 6UZ2

Local Rents

22 rents from £475/mo to £795/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65009/240.01 miKings Terrace, Sunderland, Tyne and Wear, SR42
£75012/240.1 mi-2
£52509/240.12 miPickard Street, Millfield, Sunderland2
£52504/250.15 mi-2
£59509/240.17 mi-2
£47509/240.18 mi-2
£49503/250.18 mi-2
£59501/250.2 mi-2
£62503/250.23 mi-2
£59502/250.25 mi-2
£77503/250.27 mi-2
£69504/250.3 mi-2
£67509/240.31 miPallion Road, Sunderland, Tyne And Wear, SR42
£65008/240.32 mi-2
£75003/250.32 mi-2
£65009/240.35 miHighfield Place, Pallion, Sunderland2
£67509/240.37 mi-2
£75009/240.41 miEdwin Street, Sunderland, Tyne and Wear, SR42
£65009/240.42 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£62509/240.47 miWarennes Street, Pallion, Sunderland2
£60010/230.48 mi-2
£79509/240.56 mi-2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.57 miles away

Nearest school

0.80 miles away

Nearest train station

0.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £55,000

February 4, 2025

Listed for £65,000

-69%

November 20, 2024

Sold for £110,000

2008

Sold for £59,450

2004

Sold for £27,000

2000

Floor Plans

Description

  • Two Bedroom +
  • Two Reception Rooms +
  • No Onward Chain +
  • EPC Grade E +
  • Council Tax Band A, Sunderland City Council +
  • 86 sq m/ 925 sq ft Floor Area +

Terraced cottage located on Kings Terrace in the popular Millfield area. Offered with no onward chain.

The accommodation to the ground floor has two reception rooms, kitchen and family bathroom.

To the first floor there are two bedrooms.

Externally there is a small yard to the rear with a roller shutter door.

Located in Millfield situated on Hylton Road, which is one of your main road links through Sunderland and with Millfield Metro Station within walking distance, appealing to your travelling needs. A central location near to Sunderland University, access to an array of local amenities to include Aldi and yet also being within an easy commute to Sunderland City Centre.

Freehold

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

SUN240541/2

Agent Details

YOUR MOVE Chris Stonock, Sunderland

0191 625 0175

Next Steps?

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