3 Bed Semi-Detached House, Refurb/BRRR, Sunderland, SR3 2TF, £130,000

6 Monkswood Square, Sunderland, SR3 2TF - 4 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~72 m²
+4 photos

ValuationOvervalued

Sold Prices£65K - £250K
Sold Prices/m²£707/m² - £3.3K/m²

 

 

Square Metres

~71.81 m²
Price/m²£1.8K/m²

Value Estimate

£106,250

 

 

End Value (After Refurb)

£124,919

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£27,489

Bridging Loan Interest

£3,413

Total Cash In

£72,851

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£124,919

Mortgage (After Refinance)

£93,690

Mortgage LTV

75%

Cash Left In

£72,851

Equity

£31,230

Rent Range

£650 - £1,550

Rent Estimate

£970

Running Costs/mo

£604

Cashflow/mo

£366

Cashflow/yr

£4,388

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £250K, average is £127.5K. £707/m² to £3.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£132K02/210.02 mi9, Lawnhead Square, Sunderland, Tyne And Wear SR3 2TG3
£195K01/230.13 mi1, Aspley Close, Sunderland, Tyne And Wear SR3 2ES3
£181.5K05/210.21 mi4, Berryfield Close, Sunderland, Tyne And Wear SR3 2XU3
£177K02/210.21 mi10, Berryfield Close, Sunderland, Tyne And Wear SR3 2XU3
£125K07/230.29 mi42, Orr Avenue, Sunderland, Tyne And Wear SR3 2EN3
£189.9K12/200.3 mi10, Yardley Close, Sunderland, Tyne And Wear SR3 2XY3
£180K12/210.3 mi75, Cambridge Road, Sunderland, Tyne And Wear SR3 2DG3
£130K06/230.31 mi7, Davison Avenue, Sunderland, Tyne And Wear SR3 2EJ3
£115K09/210.33 mi25, Honeysuckle Close, Sunderland, Tyne And Wear SR3 2UZ3
£93K06/210.35 mi22, Hill Street, Sunderland, Tyne And Wear SR3 2DW3
£135K02/210.35 mi45, Cambridge Road, Sunderland, Tyne And Wear SR3 2DQ3
£94K08/210.36 mi15, Quarry Street, Sunderland, Tyne And Wear SR3 2DR3
£66K11/200.36 mi2, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£66K11/200.36 mi2, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£70K02/210.36 mi8, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£155K04/230.37 mi31, Ladybank, Sunderland, Tyne And Wear SR3 2WJ3
£65K01/210.37 mi27, Lord Street, Sunderland, Tyne And Wear SR3 2DY3
£130K11/220.38 mi39, Treecone Close, Sunderland, Tyne And Wear SR3 2XG3
£75K03/210.38 mi46, Lord Street, Sunderland, Tyne And Wear SR3 2DY3
£149.9K02/230.38 mi9, Goathland Drive, Sunderland, Tyne And Wear SR3 2BZ3
£120K11/210.39 mi40, Treecone Close, Sunderland, Tyne And Wear SR3 2XG3
£160K10/220.4 mi32, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£145K10/220.4 mi29, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£125K12/220.4 mi53, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£155K06/230.4 mi18, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£125K04/210.41 mi20, Park Avenue, New Silksworth, Sunderland, Tyne And Wear SR3 2EF3
£105K11/220.41 mi10, Silksworth Terrace, Silksworth, Sunderland, Tyne And Wear SR3 2AT3
£205K11/220.42 mi15, Goathland Drive, Sunderland, Tyne And Wear SR3 2BZ3
£101K02/210.43 mi14, Silksworth Terrace, Sunderland, Tyne And Wear SR3 2AX3
£220K03/210.45 mi16, Hoyle Fold, Sunderland, Tyne And Wear SR3 2TT3
£120K07/210.45 mi11, High Tree Close, Sunderland, Tyne And Wear SR3 2UB3
£110K12/200.45 mi39, High Tree Close, Sunderland, Tyne And Wear SR3 2UB3
£133.2K04/230.45 mi2, High Tree Close, Sunderland, Tyne And Wear SR3 2UB3
£115K11/200.47 mi38, Plough Road, Sunderland, Tyne And Wear SR3 2UH3
£82K05/210.48 mi18, Castlereagh Street, Sunderland, Tyne And Wear SR3 1HJ3
£112.5K03/230.48 mi5, Edward Street, Silksworth, Sunderland, Tyne And Wear SR3 1EW3
£90K03/210.49 mi9, Tunstall Terrace, New Silksworth, Sunderland, Tyne And Wear SR3 1HH3
£210K06/230.52 mi4, Perrycrofts, Sunderland, Tyne And Wear SR3 2TP3
£90K03/230.52 mi14, Wynyard Street, Sunderland, Tyne And Wear SR3 1ER3
£186.1K10/200.54 mi17, Craigwell Drive, Sunderland, Tyne And Wear SR3 2TR3
£162.5K02/210.54 mi16, Craigwell Drive, Sunderland, Tyne And Wear SR3 2TR3
£150K02/230.56 mi5, Athol Grove, Sunderland, Tyne And Wear SR3 1ES3
£250K12/200.57 mi5, Lawn Cottages, Silksworth, Sunderland, Tyne And Wear SR3 2PQ3
£122K04/230.57 mi21, Rodney Close, Sunderland, Tyne And Wear SR2 0AL3
£104.5K09/210.57 mi30, Rodney Close, Sunderland, Tyne And Wear SR2 0AL3
£157.5K08/230.57 mi21, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF3
£116K12/200.58 mi123, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£130K11/200.58 mi112, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£125K04/210.58 mi102, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£215K06/210.59 mi5, Runswick Close, Sunderland, Tyne And Wear SR3 2YG3

Local Rents

17 rents from £650/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,55005/240.3 mi-3
£70004/240.36 mi-3
£75009/240.37 miLord Street, Sunderland, Tyne And Wear, SR33
£75002/250.41 mi-3
£75007/240.42 mi-3
£72509/240.43 miSilksworth Terrace, Sunderland3
£75009/240.48 miEdward Street, Sunderland, Tyne And Wear, SR33
£1,15010/240.55 mi-3
£95009/240.69 miCamberley Close, Tunstall3
£1,50002/240.82 mi-3
£1,50011/240.82 mi-3
£80009/240.84 mi-3
£65009/240.87 miSomerset Street, Sunderland, Tyne and Wear, SR33
£72509/230.89 mi-3
£69509/241.14 miArden Square, Farringdon, Sunderland South, SR3 3
£1,25009/241.17 miCherry Brooks Way, Ryhope, Sunderland3
£1,30009/241.2 miWest Cherry Knowle Farm3

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

2.63 miles away

Nearest school

0.10 miles away

Nearest train station

2.46 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £130,000

December 7, 2024

Listed for £135,000

November 27, 2024

Floor Plans

Description

  • Calling all buyers in a position to proceed quickly +
  • Three bedroom semi detached house +
  • Council Tax - B +
  • EPC - pending +

Goodmove present this 3 bedroom semi-detached house for QUICK sale on Monkswood Square, Sunderland, SR3. In need of modernisation this property is the ideal investment.

The property is in a sought after area and is close to local amenities, Doxford Shopping Centre, Doxford International Business Park and road links to the A19 and Sunderland City Centre.
The property has been attractively priced to promote a quick sale and would invite all buyers in a position to proceed to view. Please call for more information.

Disclaimer - 1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER GOODMOVE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Good Move, Leeds

0113 519 5462

Next Steps?

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