2 Bed Terraced House, Single Let, Sunderland, SR4 6BQ, £55,000

Lime Street, Millfield, SR4 6BQ - 2 views - 4 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 18%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£35K - £121K
Sold Prices/m²£534/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£73,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,000

Total Cash In

£16,750

 

 

Cash Out

 

Rent Range

£475 - £1,995

Rent Estimate

£595

Running Costs/mo

£311

Cashflow/mo

£284

Cashflow/yr

£3,410

ROI

20%

Gross Yield

13%

Local Sold Prices

50 sold prices from £35K to £121K, average is £74.5K. £534/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£64.6K01/210.09 mi34, Milburn Street, Sunderland, Tyne And Wear SR4 6AX2
£75K02/210.1 mi30, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£65K06/230.1 mi33, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£62.5K12/200.1 mi28, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£60.5K02/230.1 mi31, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£74K01/240.13 mi11, Dryborough Street, Sunderland, Tyne And Wear SR4 6BL2
£76K11/230.15 mi10, Violet Street, Sunderland, Tyne And Wear SR4 6AE2
£90K04/240.15 mi23, Harlow Street, Sunderland, Tyne And Wear SR4 7AR2
£65K05/210.16 mi32, Chester Terrace North, Sunderland, Tyne And Wear SR4 7AP2
£45.5K03/210.17 mi14, Ailesbury Street, Sunderland, Tyne And Wear SR4 6EW2
£110K07/220.17 mi15, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£95K08/210.17 mi115, Flint Road, Sunderland, Tyne And Wear SR4 6EG2
£68K06/210.17 mi27, Lily Street, Sunderland, Tyne And Wear SR4 6AQ2
£90K01/210.17 mi11, Enderby Road, Sunderland, Tyne And Wear SR4 6BA2
£105K09/230.18 mi12, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£105K09/230.18 mi11, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£35K03/240.18 mi20, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP2
£74K01/240.2 mi1, Rokeby Street, Sunderland, Tyne And Wear SR4 7EQ2
£86K03/220.2 mi8, Chester Crescent, Sunderland, Tyne And Wear SR1 3SH2
£60K05/210.21 mi12, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£59.5K10/200.21 mi32, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£55K01/240.21 mi22, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£80K08/210.23 mi8, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£69K05/220.24 mi25, Gillhurst Grange, Sunderland, Tyne And Wear SR1 3QN2
£53K02/210.25 mi4, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£66K01/210.25 mi1, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£63K02/240.25 mi27, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£113K10/210.25 mi17, Corning Road, Sunderland, Tyne And Wear SR4 6EE2
£70K10/220.27 mi10, Wharncliffe Street, Sunderland, Tyne And Wear SR1 3RG2
£68K02/210.27 mi69, Hylton Street, Sunderland, Tyne And Wear SR4 7DG2
£75K12/210.27 mi28, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£53K02/210.29 mi5, Offerton Street, Sunderland, Tyne And Wear SR4 7EA2
£46K01/230.31 mi2, Kings Terrace, Sunderland, Tyne And Wear SR4 6HW2
£90K10/230.33 mi23, Howarth Street, Sunderland, Tyne And Wear SR4 7UT2
£97K05/230.34 mi12, Hume Street, Sunderland, Tyne And Wear SR4 6HU2
£65K10/210.38 mi75, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£47K11/200.38 mi63, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£71.5K10/210.4 mi39, Chester Mews, Sunderland, Tyne And Wear SR4 7HX2
£80K02/210.41 mi7, Walpole Court, Sunderland, Tyne And Wear SR4 6JH2
£105K11/210.44 mi20, Magdelene Place, Sunderland, Tyne And Wear SR4 6LW2
£92K08/230.46 mi3, Vale Street, Sunderland, Tyne And Wear SR4 7NB2
£86K09/230.46 mi13, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£93.6K09/210.46 mi10, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£92K08/230.48 mi28, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£121K06/230.48 mi23, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£80K02/210.49 mi3, Beachville Street, Sunderland, Tyne And Wear SR4 7NA2
£86.5K11/200.5 mi17, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£72.5K01/240.5 mi19, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£96K05/210.5 mi22, Ingleby Terrace, Sunderland, Tyne And Wear SR4 7NF2
£78K12/200.51 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2

Local Rents

31 rents from £475/mo to £2K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£67509/240.03 mi-2
£75003/250.08 mi-2
£65009/240.14 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£65008/240.17 mi-2
£60010/230.18 mi-2
£52509/240.29 miPickard Street, Millfield, Sunderland2
£77503/250.3 mi-2
£65009/240.34 miKings Terrace, Sunderland, Tyne and Wear, SR42
£75009/240.37 miSummerhill, Thornhill, Sunderland, SR22
£75012/240.39 mi-2
£59501/250.41 mi-2
£68511/240.42 mi-2
£68511/240.42 mi-2
£79509/240.43 mi-2
£75009/240.43 mi-2
£75002/250.43 mi-2
£85009/240.46 mi-2
£69509/240.46 miAlbert Court, Royal Courts, Sunderland2
£75009/240.47 miLeopold House, Albert Court, Sunderland, SR22
£75008/240.48 mi-2
£57503/250.5 mi-2
£59509/240.51 mi-2
£47509/240.52 mi-2
£49503/250.52 mi-2
£1,10002/250.56 mi-2
£1,99501/250.57 mi-2
£62503/250.57 mi-2
£67509/240.59 miPallion Road, Sunderland, Tyne And Wear, SR42
£59502/250.59 mi-2
£65009/240.61 miRiverview, City Centre, Sunderland South, SR1 2
£65009/240.61 miHighfield Place, Pallion, Sunderland2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.84 miles away

Nearest school

0.40 miles away

Nearest train station

0.32 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

January 31, 2025

Listed for £60,000

December 9, 2024

Sold for £32,500

2000

Description

  • No Chain Involved +
  • Will Appeal To A Variety Of Buyers +
  • A Prime Location For Excellent Amenities +
  • Decorated In Modern Neutral Tones +
  • Well Placed For Millfield Metro And Bus Links +
  • Reference: 455112 +

FOR SALE BY WAY OF ONLINE AUCTION - ON 30TH JANUARY 2025, OPTION 1 - Terms and Conditions apply. See Agents Property Auctions Website for full details.

No onward chain! This end-terraced property is an excellent opportunity for a variety of buyers, including first-time buyers, young families, and buy-to-let investors. Ideally situated close to numerous amenities such as the local Metro station, Sunderland City Centre, the University, Sunderland Royal Hospital, and the shops and bus routes on Hylton Road. The property features an entrance hall leading to the first floor, a lounge, dining room, ground-floor kitchen, and bathroom, with two bedrooms located upstairs. Outside, there are two yards. The property also benefits from UPVC double glazing and combi gas central heating. Early viewing is highly recommended!
ENTRANCE
Double glazed entrance door to hallway with stairs.
LOUNGE 4.04m (13'3) x 4.37m (14'4)
Double glazed window and radiator.
DINING ROOM 3.18m (10'5) x 4.29m (14'1)
Double glazed window and radiator.
REAR HALLWAY
Double glazed door to yard and storage cupboard.
KITCHEN 3.48m (11'5) x 2.06m (6'9)
Wall and floor units, electric oven, gas hob and extractor fan, combi boiler, stainless steel sink with mixer tap, double glazed window, laminate flooring and radiator.
BATHROOM
Panelled bath with shower over, low level wc, washbasin, two double glazed windows, tiled floor and radiator. Double glazed door to second yard area.
FIRST FLOOR LANDING
Double glazed window.
BEDROOM ONE 2.9m (9'6) x 5.51m (18'1)
Double glazed window and radiator.
BEDROOM TWO 2.72m (8'11) x 2.39m (7'10)
Double glazed window and radiator.
EXTERIOR
Two small rear yards

Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel:
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 15 Mbps and a maximum download speed of 1139 Mbps at this postcode: SR4 6BQ and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: D

Agent Details

Andrew Craig, Auction

01661 525163

Next Steps?

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