2 Bed Flat, Public Notice, Sunderland, SR2 7ET, £85,000

Woodside, Ashbrooke, SR2 7ET - 4 months ago

Leasehold
BTL
ROI: 8%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£39K - £190K
Sold Prices/m²£609/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£93,892
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Total Cash In

£26,700

 

 

Cash Out

 

Rent Range

£450 - £2,000

Rent Estimate

£592

Running Costs/mo

£404

Cashflow/mo

£188

Cashflow/yr

£2,256

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £39K to £190K, average is £82K. £609/m² to £4.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£82K09/230.03 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£65K10/220.05 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£120K05/210.08 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£56.7K01/210.11 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£110K06/230.16 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K10/200.16 mi13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£120K02/210.18 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/210.18 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£110K12/200.23 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£92.5K07/230.23 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/210.23 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/230.23 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£190K06/230.26 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/210.26 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/230.26 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£72.5K02/210.27 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£118K11/200.27 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£68K06/210.28 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/210.28 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£96.5K09/220.28 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£155K04/230.32 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/200.32 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£75K08/230.32 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£71K12/200.32 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£60K02/210.33 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/230.33 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£75K06/210.34 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£185K02/210.37 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£75K02/230.38 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£78K05/210.4 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/210.4 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£94K11/220.43 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£53.5K09/230.44 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/200.44 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£80K03/220.45 mi17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£80K01/220.48 mi22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£71K04/220.48 mi21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£72.5K12/210.49 mi28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£85.5K07/220.49 mi29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£74.3K05/240.49 mi36, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£82K05/210.49 mi20, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£39K09/210.49 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£39K09/210.49 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£80.8K04/230.53 mi27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£88K01/210.53 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80K03/230.53 mi5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£82K06/230.53 mi50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£78K12/220.53 mi34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£101K10/210.58 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.59 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2

Local Rents

50 rents from £450/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£69509/240.03 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£75009/240.08 miArgyle Square, Sunderland, SR22
£87512/240.09 mi-2
£70008/240.1 mi-2
£70010/240.1 mi-2
£70001/250.12 mi-2
£70002/250.12 mi-2
£70011/240.12 mi-2
£67512/240.12 mi-2
£70009/240.12 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£75002/250.12 mi-2
£75001/250.12 mi-2
£70009/240.12 mi-2
£67509/240.13 mi5 Thornhill Gardens, Sunderland, SR22
£49509/240.13 mi-2
£49511/240.13 mi-2
£49511/240.13 mi-2
£70010/240.13 mi-2
£75009/240.14 miEnnerdale, Ashbrooke2
£70009/240.14 mi-2
£75001/250.14 mi-2
£2,00003/250.14 mi-2
£69509/240.15 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£65009/240.15 miGrange Crescent, Stockton Road, Sunderland, SR22
£65009/240.15 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£70003/250.16 mi-2
£65009/240.16 miGrange Crescent, Sunderland, Stockton Road, SR22
£70009/240.16 miSt Georges House, Ashbrooke, Sunderland, SR22
£77502/250.16 mi-2
£70009/240.16 mi-2
£70003/250.16 mi-2
£70009/240.16 miArgyle Square, Sunderland, SR22
£80010/240.16 mi-2
£71501/250.16 mi-2
£85003/250.16 mi-2
£45009/240.17 miArgyle Street, City Centre, Sunderland2
£72509/240.18 mi-2
£75009/240.2 miThe Esplanade, Sunderland, SR22
£1,10002/250.22 mi-2
£65009/240.22 miPark Hall, Sunderland, Ashbrooke, SR22
£65009/240.24 mi1-4 Ashbrooke Terrace, Sunderland2
£75008/240.26 mi-2
£69509/240.29 miAlbert Court, Royal Courts, Sunderland2
£75009/240.29 miLeopold House, Albert Court, Sunderland, SR22
£87509/240.29 miWillow Green, Ashbrooke, Sunderland, SR22
£85009/240.3 mi-2
£75003/250.31 mi-2
£95009/240.32 mi-2
£68511/240.33 mi-2
£68511/240.33 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.28 miles away

Nearest school

0.10 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Price changed to £85,000

January 11, 2025

Listed for £90,000

December 12, 2024

Description

  • First Floor Apartment +
  • For Sale with No Chain Involved +
  • Set within Private Grounds & Communal Parking +
  • Excellent Transport Links - Great for Commuters +
  • Situated in a Prime Location +
  • Early Viewing Advised +
  • Reference: 457897 +

PUBLIC NOTICE Andrew Craig Estate Agents are now in receipt of an offer for the sum of £76,000 for Flat 4, 8 Woodside, Sunderland, SR2 7ET. Anyone wishing to place an offer on this property should contact Andrew Craig at 9 Frederick Street, Sunderland, SR1 1NA on before exchange of contracts.
Woodside, Ashbrooke - No Chain Involved. Discover this charming first-floor apartment situated in the prestigious Ashbrooke Conservation Area, perfect for those seeking convenience and tranquility. Set within private grounds with communal parking, the property boasts two well-proportioned bedrooms and offers easy access to Sunderland City Centre, where an array of shops, amenities, and banking facilities await. Enjoy excellent transport links via Park Lane Interchange and Sunderland Rail Station, making it ideal for commuters. This no-chain property is ready for occupation, offering an excellent opportunity for first-time buyers or investors. With its prime location on the city's outskirts and proximity to green spaces, early viewing is highly recommended. Don't miss this chance to secure your place in this sought-after area!
COMMUNAL ENTRANCE
Hardwood entrance door into communal Hallway.
COMMUNAL HALLWAY
Stairs to all floors.
APARTMENT ENTRANCE
Hardwood door into Hallway.
HALLWAY
Radiator.
FRONT BEDROOM 4.02m (13'2) x 2.97m (9'9)
Views of the communal grounds, radiator and window.
LOUNGE 5m (16'5) x 4.61m (15'1)
Bay window and two radiators.
REAR BEDROOM 5.76m (18'11) x 2.55m (8'4)
Radiator and window.
BATHROOM
Panelled bath with mixer taps and shower screen, low level W.C., hand wash basin, radiator and extractor.
KITCHEN 5.76m (18'11) x 2.21m (7'3)
Wall and floor units, window, radiator, COMBI boiler, gas oven point, plumbing for washing machine.
EXTERNALLY
Communal gardens with lawn, trees, shrubs and bushes.
PARKING
Allocated parking.
Tenure
The property is Leasehold with a term of 999 years from 4th July 2007 subject to an annual ground rent of £25.
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 1000 Mbps at this postcode: SR2 7ET and mobile coverage is provided by Three, 02 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: C

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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