3 Bed Terraced House, Single Let, Sunderland, SR2 9QG, £79,995

9 Balmoral Terrace, Sunderland, SR2 9QG - 5 months ago

Sold STC
BTL
ROI: 12%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£46K - £510K
Sold Prices/m²£639/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£98,394
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,999

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,199

 

 

Cash Out

 

Rent Range

£595 - £850

Rent Estimate

£650

Running Costs/mo

£400

Cashflow/mo

£250

Cashflow/yr

£3,000

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £46K to £510K, average is £152.5K. £639/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£140K06/210.03 mi76, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£72K08/210.03 mi35, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£105K03/230.08 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3
£110K11/200.08 mi8, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PE3
£96K12/200.11 mi25, Grange Street South, Sunderland, Tyne And Wear SR2 9QS3
£97K12/200.18 mi4, Kitchener Terrace, Sunderland, Tyne And Wear SR2 9RR3
£155K07/230.18 mi26, Woodstock Avenue, Sunderland, Tyne And Wear SR2 9NT3
£144K12/200.19 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.19 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£145K01/210.2 mi22, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PD3
£125K11/200.21 mi43, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£150K06/210.21 mi27, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£97K12/200.22 mi5, Aysgarth Avenue, Sunderland, Tyne And Wear SR2 9RT3
£118K04/230.22 mi15, Westheath Avenue, Sunderland, Tyne And Wear SR2 9NR3
£335K02/210.23 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£73K02/210.24 mi14, Margaret Street, Sunderland, Tyne And Wear SR2 9SB3
£102K10/200.25 mi20, St Aidans Avenue, Sunderland, Tyne And Wear SR2 9SF3
£176K11/210.28 mi27, Askrigg Avenue, Sunderland, Tyne And Wear SR2 9SG3
£164K02/210.28 mi5, Askrigg Avenue, Sunderland, Tyne And Wear SR2 9SG3
£260K06/210.3 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£510K09/220.31 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£175K02/210.32 mi49, Victoria Avenue West, Sunderland, Tyne And Wear SR2 9PQ3
£62K06/230.32 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£216.5K11/200.32 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£46K03/210.34 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£245K03/210.35 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£141K02/210.35 mi333, Ryhope Road, Sunderland, Tyne And Wear SR2 9SS3
£128K06/210.35 mi88, Westheath Avenue, Sunderland, Tyne And Wear SR2 9NS3
£240K09/210.35 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£157.6K02/230.37 mi23, Wetherby Road, Sunderland, Tyne And Wear SR2 9SW3
£139.5K08/210.38 mi7, Wetherby Road, Sunderland, Tyne And Wear SR2 9SW3
£262.5K03/210.42 mi5, Ryhope Grange Court, Sunderland, Tyne And Wear SR2 9HU3
£160K05/210.42 mi53, Acklam Avenue, Sunderland, Tyne And Wear SR2 9SQ3
£190K09/230.42 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£140K08/210.42 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£210K11/210.46 mi8, Millthorp Close, Sunderland, Tyne And Wear SR2 7RE3
£115K07/230.49 mi1, Hereford Court, Sunderland, Tyne And Wear SR2 9LD3
£135K06/230.49 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.49 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£160K05/210.53 mi12, Leominster Road, Sunderland, Tyne And Wear SR2 9HG3
£138.9K07/230.53 mi6, Tarn Drive, Sunderland, Tyne And Wear SR2 9TL3
£170K07/230.54 mi9, Harcourt Road, Sunderland, Tyne And Wear SR2 9JR3
£225K05/210.57 mi7, Leighton Road, Sunderland, Tyne And Wear SR2 9HQ3
£135.3K08/210.58 mi1, Helvellyn Road, Sunderland, Tyne And Wear SR2 9JJ3
£185K12/220.59 mi8, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£247K03/210.62 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.62 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.62 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.62 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.62 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3

Local Rents

9 rents from £595/mo to £850/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£85009/240.09 miGrange Street South, Sunderland, Tyne and Wear, SR23
£70009/240.16 miOswald Terrace, Grangetown, Sunderland3
£70012/240.17 mi-3
£79501/250.47 mi-3
£85009/240.52 miTarn Drive, Grangetown, Sunderland3
£65009/240.55 mi-3
£59501/250.55 mi-3
£65001/250.55 mi-3
£65009/240.55 miSaint Leonard Street, Sunderland, SR23

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.33 miles away

Nearest school

0.10 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £79,995

December 11, 2024

Description

  • FREEHOLD HOUSE SPLIT INTO 2 SELF-CONTAINED FLATS +
  • LONG-STANDING CONVERSION +
  • GROUND FLOOR 1 BEDROOM FLAT +
  • EPC RATING +
  • FIRST FLOOR 2 BEDROOM FLAT +
  • BOTH RENTAL COMPLIANT WITH GAS & ELECTRICAL CERTS +
  • SEPARATE REAR YARDS +
  • SEPARATE GAS & ELECTRIC METERS +
  • £450pm + £525pm = £975pm TOTAL RENTAL ASSESSMENT +
  • YIELD OVER 14% PA +

FREEHOLD HOUSE SPLIT INTO 2 SELF-CONTAINED FLATS - LONG-STANDING CONVERSION - GROUND FLOOR 1 BEDROOM FLAT - FIRST FLOOR 2 BEDROOM FLAT - BOTH RENTAL COMPLIANT WITH GAS & ELECTRICAL CERTS - SEPARATE REAR YARDS - SEPARATE GAS & ELECTRIC METERS - £450pm + £525pm = £975pm TOTAL RENTAL ASSESSMENT - YIELD OVER 14% PA …
Attention Investors looking for a 14% + pa yield ! Good Life Homes are delighted to bring to the market an opportunity to acquire a freehold house on one title which was split into 2 self-contained flats a number of years ago. Each flat has its own entrance and it’s own rear yard and each flat has independent gas and electric meters, each has their own separate gas COMBI boiler and are registered separately for council tax, each at Band A. The ground floor flat comprises; entrance hall, lounge, double bedroom, kitchen, bathroom and rear yard. The first floor flat has 2 bedrooms (1 single and 1 double), kitchen, lounge, bathroom and rear yard. Located in the popular Grangetown suburb of Sunderland where there is good demand from tenants and just a short walk to shops and transport links with easy access into the city centre which is less than 2 miles away.
Viewing arrangements can be made by contacting our local office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £995 on a no sale no fee basis which means you won’t pay us anything unless we sell your home! Call us and find out why so many people across Sunderland now choose Good Life to sell their home.

Introduction - FREEHOLD HOUSE SPLIT INTO 2 SELF-CONTAINED FLATS - LONG-STANDING CONVERSION - GROUND FLOOR 1 BEDROOM FLAT - FIRST FLOOR 2 BEDROOM FLAT - BOTH RENTAL COMPLIANT WITH GAS & ELECTRICAL CERTS - SEPARATE REAR YARDS - SEPARATE GAS & ELECTRIC METERS - £450pm + £525pm = £975pm TOTAL RENTAL ASSESSMENT - YIELD OVER 14% PA …

Entrance Hall - Entrance via white uPVC double-glazed door. Electric fuse box, electric meter, laminate wood-effect flooring, radiator, under stairs cupboard. 2 doors leading off, 1 to bedroom 1 and 1 to lounge.

Bedroom 1 - 3.73m x 3.66m (12'3 x 12'0) - Carpet, radiator, front facing white uPVC double-glazed window. Built-in cupboard housing the gas meter. This is a good size double bedroom.

Lounge - 4.57m x 3.71m (15'0 x 12'2) - A good size lounge.
Carpet flooring, double radiator, rear facing white uPVC double-glazed window. Fire surround in chimney breast with blocked up fire. Door leading off to rear lobby, door leading off to kitchen.

Kitchen - 3.56m x 1.96m (11'8 x 6'5) - Tiled flooring, double radiator, rear facing white uPVC double-glazed window. Fitted kitchen with a range of wall and floor units in a grey finish with contrasting laminate wood-effect work surface. Double electric integrated oven, space and plumbing for a washing machine, space for a tall fridge/freezer, wall mounted Combi boiler.

Rear Lobby - Tile flooring, uPVC external door, door leading off to bathroom.

Bathroom - 2.03m x 1.70m (6'8 x 5'7) - Tile flooring, radiator, rear facing white uPVC double-glazed window with privacy glass. White bath with panel, white toilet with low level cistern, white sink with single pedestal and chrome taps. The walls and ceiling are finished in a uPVC cladding.

Externally - 9 and 10 have individual rear yards with pedestrian gated access allowing access to the back lane for refuse bins etc.

Upstairs Flat -

Entrance Hall - Entrance via white uPVC double-glazed door. The hallway is currently being replastered and there are no floor coverings on the staircase and first floor landing which are we advised will likely be replaced on completion of the works. Stairs to first floor landing.

First Floor Landing - 3 doors leading off, 2 to bedrooms and 1 to lounge.

Bedroom 1 - 3.78m x 3.43m (12'5 x 11'3) - Good size double bedroom.
Carpet flooring, radiator, front facing white uPVC double-glazed window with sea views in near distance. Built-in cupboard housing the gas meter.

Bedroom 2 - 2.44m x 2.31m (8'0 x 7'7) - Carpet flooring, radiator, front facing white uPVC double-glazed window. This is a single bedroom.

Lounge - 4.65m x 3.43m (15'3 x 11'3) - Radiator, rear facing white uPVC double-glazed window. Door leading off to kitchen, door leading off to landing, door leading off to rear lobby.

Kitchen - 3.66m x 2.31m (12'0 x 7'7) - Laminate tile effect flooring, radiator, rear facing white uPVC double-glazed window, combi boiler. Space and plumbing for a washing machine, space for tall fridge/freezer, integrated electric oven with 4 ring electric hob, stainless steel sink with single bowl, single drainer and matching taps.

Rear Lobby - Tiled flooring, uPVC door leading to external staircase providing access to the separate rear yard

Bathroom - 2.01m x 17.37m (6'7 x 57) - Tiled flooring, radiator, white uPVC double-glazed window with privacy glass. White toilet with low level cistern, white sink with single pedestal and chrome tap, white bath with panel and chrome taps. The walls and ceiling are finished in uPVC cladding. Extractor fan.

Externally - Pedestrian gated access tom the back land for refuse bins etc.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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