2 Bed Flat, Single Let, Sunderland, SR3 2QZ, £93,000

Maree Close, Sunderland, SR3 2QZ - 5 months ago

Sold STC

Leasehold

BTL

ROI: 4%

~68 m²

+2 photos

ValuationOvervalued

Sold Prices	£33K - £99K
Sold Prices/m²	£633/m² - £2.9K/m²

Square Metres	~68.11 m²
Price/m²	£1.4K/m²
Value Estimate	£76,451£76,451

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,250£23,250
Stamp Duty & Legal Fees	£5,850£5,850
Total Cash In	£29,100£29,100

Cash Out
Rent Range	£500 - £800£500 - £800
Rent Estimate	£500
Running Costs/mo	£411£411
Cashflow/mo	£89£89
Cashflow/yr	£1,073£1,073
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

33 sold prices from £33K to £99K, average is £61K. £633/m² to £2.9K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£97K	12/22	0 mi	16, Maree Close, Sunderland, Tyne And Wear SR3 2QZ	£1,644	59	2	Flat
£95K	08/23	0 mi	4, Maree Close, Sunderland, Tyne And Wear SR3 2QZ	£1,863	51	2	Flat
£72.5K	08/21	0.06 mi	19, Melvaig Close, Sunderland, Tyne And Wear SR3 2QX	-	-	2	Flat
£62K	10/23	0.07 mi	35, Padonhill, Sunderland, Tyne And Wear SR3 2RX	£1,069	58	2	Flat
£70K	05/22	0.07 mi	6, Markby Close, Sunderland, Tyne And Wear SR3 2RG	£1,429	49	2	Flat
£50K	02/21	0.11 mi	20, Maltby Close, Sunderland, Tyne And Wear SR3 2QR	£909	55	2	Flat
£57K	07/22	0.11 mi	12, Maltby Close, Sunderland, Tyne And Wear SR3 2QR	-	-	2	Flat
£49K	10/22	0.12 mi	8, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ	£907	54	2	Flat
£67.5K	05/22	0.12 mi	14, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ	£1,350	50	2	Flat
£51K	02/23	0.12 mi	18, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ	£929	55	2	Flat
£72K	04/23	0.12 mi	4, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ	£2,880	25	2	Flat
£60K	06/22	0.14 mi	18, Merrington Close, Sunderland, Tyne And Wear SR3 2QE	£1,132	53	2	Flat
£67.5K	09/23	0.16 mi	7, Milsted Close, Sunderland, Tyne And Wear SR3 2RF	£1,250	54	2	Flat
£52K	02/21	0.2 mi	8, Aspen Court, Sunderland, Tyne And Wear SR3 2TJ	£867	60	2	Flat
£52.5K	10/21	0.21 mi	11, Plane Tree Court, Sunderland, Tyne And Wear SR3 2TL	-	-	2	Flat
£48.5K	10/22	0.23 mi	11, Maxton Close, Sunderland, Tyne And Wear SR3 2RP	£915	53	2	Flat
£67K	06/22	0.25 mi	32, Morval Close, Sunderland, Tyne And Wear SR3 2RS	-	-	2	Flat
£76K	08/21	0.28 mi	36, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF	-	-	2	Flat
£45K	07/21	0.28 mi	19, Marlesford Close, Sunderland, Tyne And Wear SR3 2QW	-	-	2	Flat
£63.5K	10/22	0.29 mi	10, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF	£1,114	57	2	Flat
£92K	12/20	0.29 mi	12, Priestsfield Close, Sunderland, Tyne And Wear SR3 2SF	£1,878	49	2	Flat
£90K	09/22	0.3 mi	2, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF	-	-	2	Flat
£47K	11/21	0.32 mi	27, Merrion Close, Sunderland, Tyne And Wear SR3 2QP	£922	51	2	Flat
£99K	10/22	0.32 mi	17, Manston Close, Sunderland, Tyne And Wear SR3 2RR	£1,839	54	2	Flat
£47K	01/21	0.33 mi	33, Manston Close, Sunderland, Tyne And Wear SR3 2RR	£870	54	2	Flat
£47K	01/21	0.33 mi	33, Manston Close, Sunderland, Tyne And Wear SR3 2RR	£870	54	2	Flat
£61K	11/20	0.33 mi	21, Manston Close, Sunderland, Tyne And Wear SR3 2RR	£1,130	54	2	Flat
£80K	05/22	0.34 mi	33, Manston Close, Sunderland, Tyne And Wear SR3 2RR	£1,481	54	2	Flat
£47K	04/21	0.66 mi	9, Carlisle House, Ashford Road, Sunderland, Tyne And Wear SR3 3EB	-	-	2	Flat
£45K	12/22	0.67 mi	62, Aberdare Road, Farringdon, Sunderland, Tyne And Wear SR3 3EG	£633	71	2	Flat
£33K	05/21	0.7 mi	107, Allendale Road, Sunderland, Tyne And Wear SR3 3EA	£647	51	2	Flat
£70K	10/20	0.71 mi	44, Ravelston Close, Sunderland, Tyne And Wear SR3 2PL	£1,206	58	2	Flat
£55K	05/23	0.79 mi	18, The Strand, Sunderland, Tyne And Wear SR3 3DS	£1,122	49	2	Flat

Local Rents

22 rents from £500/mo to £800/mo, average is £638/mo.

Rent	Date	Distance	Address	Beds	Type
£540	03/24	0.25 mi	-	2	Flat
£650	09/24	0.27 mi	Morval Close, Sunderland, Tyne and Wear, SR3	2	Flat
£525	09/24	0.67 mi	Carlisle House, Ashford Road, Farringdon, Sunderland	2	Flat
£500	04/25	0.67 mi	-	2	Flat
£595	09/24	0.7 mi	Allendale Road, Farringdon, Sunderland	2	Semi-Detached House
£750	09/24	0.75 mi	The Strand, Sunderland, Tyne and Wear, SR3	2	Terraced House
£595	09/24	0.79 mi	The Strand, Lakeside Village, Sunderland	2	Flat
£525	09/24	0.79 mi	The Strand, Sunderland, Tyne and Wear, SR3	2	Flat
£650	03/24	0.81 mi	-	2	Semi-Detached House
£650	07/24	0.84 mi	-	2	Semi-Detached House
£650	12/24	0.84 mi	-	2	Terraced House
£695	09/24	0.92 mi	Arundel Road, Sunderland, Tyne and Wear, SR3 3JW	2	Terraced House
£800	04/25	0.93 mi	-	2	Semi-Detached House
£650	02/25	0.95 mi	-	2	Semi-Detached House
£625	09/24	0.97 mi	Alnwick Road, Sunderland	2	Terraced House
£650	09/24	1.01 mi	Castlereagh Street, Silksworth	2	Terraced House
£750	09/24	1.02 mi	Sunnybrow, Silksworth, Sunderland	2	Semi-Detached House
£575	08/23	1.03 mi	-	2	Semi-Detached House
£750	09/24	1.16 mi	-	2	Semi-Detached House
£500	09/24	1.18 mi	Somerset Cottages, Sunderland, SR3	2	Terraced House
£500	02/24	1.18 mi	-	2	Terraced House
£500	03/24	1.18 mi	-	2	Terraced House

Local Area Statistics

Population in SR3	38,30638,306
Population in Sunderland	183,740183,740
Town centre distance	2.66 miles away2.66 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.79 miles away2.79 miles away

Rental growth (12m)	+32%+32%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £93,000

November 20, 2024

Floor Plans

Description

Council Tax Band A +
2 Bed Flat +

The Property
First floor purpose built flat. Own front door.

Quiet cul-de-sac

Two good sized bedrooms with excellent storage.

Large living room.

Brand new combi boiler (October 2024)

Garage

Ideal investment opportunity.

EPC - C rating

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 01/03/2159

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Sunderland

020 3910 0894

Next Steps?

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