2 Bed Terraced House, Public Notice, Sunderland, SR2 9QT, £50,000

5 Ocean Road South, Grangetown, SR2 9QT - 2 views - 5 months ago

BTL
ROI: 20%
91 m²
+6 photos

ValuationUndervalued

Sold Prices£30K - £182K
Sold Prices/m²£407/m² - £2.8K/m²

 

 

Square Metres

91 m²
Price/m²£549/m²

Value Estimate

£62,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£525 - £765

Rent Estimate

£556

Running Costs/mo

£287

Cashflow/mo

£269

Cashflow/yr

£3,223

ROI

20%

Gross Yield

13%

Local Sold Prices

50 sold prices from £30K to £182K, average is £100.5K. £407/m² to £2.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£85K12/220.02 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£88K06/230.03 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£85K02/210.04 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£75K06/210.1 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£75K06/210.1 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£73.5K01/210.15 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£132.5K06/230.18 mi7, Ayton Avenue, Sunderland, Tyne And Wear SR2 9SN2
£115K12/210.28 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2
£120K02/210.35 mi24, Irene Avenue, Sunderland, Tyne And Wear SR2 9SZ2
£182K01/210.35 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£34K04/230.37 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.37 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£120.7K11/200.37 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£137.5K08/230.38 mi40, Joan Avenue, Sunderland, Tyne And Wear SR2 9TA2
£150K02/210.39 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£165.8K08/210.4 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£128K06/230.42 mi3, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£128K02/210.42 mi22, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£113.4K05/210.42 mi3, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£141.5K02/210.42 mi24, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£128K02/210.42 mi22, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL2
£153K11/200.44 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£37.5K12/200.46 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.46 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£48K03/210.48 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.48 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£49K12/220.49 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£115K07/230.56 mi11, Hereford Court, Sunderland, Tyne And Wear SR2 9LD2
£33K04/230.56 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£45K03/210.57 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.57 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.57 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£108K07/210.57 mi69, Lynthorpe, Sunderland, Tyne And Wear SR2 0EU2
£95K03/230.58 mi148, Leechmere Road, Sunderland, Tyne And Wear SR2 9JE2
£118.5K04/210.6 mi25, Lyngrove, Sunderland, Tyne And Wear SR2 0EX2
£95K03/230.6 mi15, Lyngrove, Sunderland, Tyne And Wear SR2 0EX2
£106K04/210.63 mi160, Leechmere Road, Sunderland, Tyne And Wear SR2 9JE2
£45K04/230.64 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£50K01/230.66 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£50K01/230.66 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K07/230.66 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£38K01/210.66 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£110K07/230.67 mi45, Helvellyn Road, Sunderland, Tyne And Wear SR2 9JJ2
£108.5K10/200.69 mi37, Hollycarrside Road, Sunderland, Tyne And Wear SR2 0ED2
£139.9K02/230.73 mi4, Westray Close, Ryhope, Sunderland, Tyne And Wear SR2 0TD2
£135K03/210.74 mi9, Ronaldsay Close, Ryhope, Sunderland, Tyne And Wear SR2 0TF2
£112K02/230.79 mi24, Linskell, Sunderland, Tyne And Wear SR2 0EP2
£130K01/230.8 mi7, Larkhill, Sunderland, Tyne And Wear SR2 0DF2
£112.3K09/210.8 mi7, Larkhill, Sunderland, Tyne And Wear SR2 0DF2
£47K11/210.83 mi53, Mainsforth Terrace West, Sunderland, Tyne And Wear SR2 8JX2

Local Rents

10 rents from £525/mo to £765/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£65009/240 miOcean Road South, Grangetown2
£65001/250.1 mi-2
£59509/240.33 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£60009/240.5 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£55003/250.54 mi-2
£65503/250.54 mi-2
£52508/240.56 mi-2
£53504/250.57 mi-2
£76509/240.59 miSaint Leonard Street, Sunderland, SR22
£75009/240.59 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.46 miles away

Nearest school

0.20 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £50,000

December 2, 2024

Description

PUBLIC NOTICE
5 Ocean Road South SR2 9QT
We are acting in the sale of the above property and have received an offer of £50,000
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place
EPC Rating: D

We are delighted to bring to the market a fantastic opportunity to acquire a two bedroom mid terraced home in central Grangetown close to shopping and all amenities. Requiring some updating, this property would be suitable for any experienced DIY enthusiasts or investors. Property comprises of entrance hall, dining room, lounge, kitchen, bathroom, first floor has a further two bedrooms plus shower room. Rear yard with pedestrian gated access.

Entrance Hall
Lounge- 13,0 X 11,5
Dining Room- 15,6 x 12,5
Kitchen- 13,2 x 7,7
Inner Lobby
Bathroom
Landing
Bedroom 1- 15,7 x 12,11
Bedroom 2- 12,5 x 8,4
Shower Room
Rear Yard

Agent Details

Bridgfords, Washington

0191 625 0984

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪