4 Bed Terraced House, Refurb/BRRR, Sunderland, SR2 7BT, £135,000

7 Belvedere Road, Sunderland SR2 7BT - 3 views - 4 months ago

Leasehold
Refurb/BRRR
ROI: 5%
~129 m²
+8 photos

ValuationFair Value

Sold Prices£67.5K - £545K
Sold Prices/m²£486/m² - £2.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1K/m²

Value Estimate

£135,000

 

 

End Value (After Refurb)

£160,089

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£8,150

Refurb Costs

£49,341

Bridging Loan Interest

£3,544

Total Cash In

£96,535

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,089

Mortgage (After Refinance)

£120,067

Mortgage LTV

75%

Cash Released

£18,817

Cash Left In

£77,718

Equity

£40,022

Rent Range

£477 - £3,680

Rent Estimate

£1,117

Running Costs/mo

£744

Cashflow/mo

£373

Cashflow/yr

£4,480

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £67.5K to £545K, average is £187.5K. £486/m² to £2.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£165K05/230.07 mi1, Carlyon Street, Sunderland, Tyne And Wear SR2 7DB4
£175K06/210.11 mi12, Cresswell Terrace, Sunderland, Tyne And Wear SR2 7ER4
£230K09/210.18 mi1, Valebrooke Avenue, Sunderland, Tyne And Wear SR2 7HS4
£220K09/210.18 mi11, Valebrooke Avenue, Sunderland, Tyne And Wear SR2 7HS4
£255K02/230.24 mi3, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS4
£175K03/210.25 mi31, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP4
£230.1K11/200.25 mi21, Thornhill Gardens, Sunderland, Tyne And Wear SR2 7LE4
£285K01/210.28 mi5, Brookside Gardens, Sunderland, Tyne And Wear SR2 7RJ4
£489.9K05/210.29 mi10, West Lawn, Sunderland, Tyne And Wear SR2 7HW4
£185K05/210.35 mi5, Beechwood Terrace, Sunderland, Tyne And Wear SR2 7LY4
£230K06/210.36 mi8, Beechwood Terrace, Sunderland, Tyne And Wear SR2 7LX4
£304K04/210.36 mi9, Ashbrooke Mount, Sunderland, Tyne And Wear SR2 7SD4
£225K10/200.36 mi7, Holmlands Park North, Sunderland, Tyne And Wear SR2 7SE4
£308K03/210.36 mi3, Holmlands Park North, Sunderland, Tyne And Wear SR2 7SE4
£190K06/230.36 mi3, Elmwood Street, Sunderland, Tyne And Wear SR2 7JJ4
£171K09/210.36 mi26, Elmwood Street, Sunderland, Tyne And Wear SR2 7JJ4
£165K12/200.38 mi31, Beechwood Street, Sunderland, Tyne And Wear SR2 7LU4
£190K02/210.39 mi31, Ashwood Terrace, Sunderland, Tyne And Wear SR2 7NB4
£215K06/210.39 mi5, Ashwood Terrace, Sunderland, Tyne And Wear SR2 7NB4
£250K07/210.39 mi45, Ashwood Terrace, Sunderland, Tyne And Wear SR2 7NB4
£360K01/230.39 mi7, Brookfield Gardens, Sunderland, Tyne And Wear SR2 7GA4
£305K04/210.4 mi7, Holmlands Park South, Sunderland, Tyne And Wear SR2 7SG4
£285K03/210.4 mi10, Corby Hall Drive, Sunderland, Tyne And Wear SR2 7HZ4
£227.5K05/210.42 mi9, Oakwood Street, Sunderland, Tyne And Wear SR2 7LT4
£72K05/230.43 mi28, Otto Terrace, Sunderland, Tyne And Wear SR2 7LP4
£180K09/210.44 mi37, Otto Terrace, Sunderland, Tyne And Wear SR2 7LW4
£120K08/210.46 mi2, Fox Street, Sunderland, Tyne And Wear SR2 7NF4
£160.5K04/230.46 mi10, Fox Street, Sunderland, Tyne And Wear SR2 7NF4
£190K03/210.47 mi15, Birchfield Road, Sunderland, Tyne And Wear SR2 7QQ4
£150.5K03/230.48 mi2, Riversdale Terrace, Sunderland, Tyne And Wear SR2 7NQ4
£88K03/210.48 mi26, Riversdale Terrace, Sunderland, Tyne And Wear SR2 7NQ4
£122.5K12/220.49 mi31, Riversdale Terrace, Sunderland, Tyne And Wear SR2 7NQ4
£120K12/220.5 mi8, Westbourne Road, Sunderland, Tyne And Wear SR1 3SQ4
£210K06/230.52 mi29, Ryhope Road, Sunderland, Tyne And Wear SR2 7ST4
£135K07/230.53 mi5, Ivanhoe Crescent, Sunderland, Tyne And Wear SR2 7QE4
£125K05/210.53 mi3, Ivanhoe Crescent, Sunderland, Tyne And Wear SR2 7QE4
£250K12/220.53 mi2, Wayside, Sunderland, Tyne And Wear SR2 7QJ4
£112.5K01/240.54 mi37, Thelma Street, Sunderland, Tyne And Wear SR4 7HA4
£80K06/210.57 mi11, Leamington Street, Sunderland, Tyne And Wear SR4 7HD4
£410K11/200.58 miPark House, Glen Path, Sunderland, Tyne And Wear SR2 7TU4
£160K09/210.6 mi23, Manila Street, Sunderland, Tyne And Wear SR2 8RS4
£128K03/230.6 mi22, Manila Street, Sunderland, Tyne And Wear SR2 8RS4
£84K04/240.62 mi16, Queensberry Street, Sunderland, Tyne And Wear SR4 7AG4
£210K11/200.63 mi9, Hillside, Sunderland, Tyne And Wear SR3 1YN4
£310K10/200.64 mi1, Bainbridge Holme Close, Sunderland, Tyne And Wear SR3 1YX4
£67.5K02/240.65 mi7, St Marks Crescent, Sunderland, Tyne And Wear SR4 7BW4
£145K05/210.65 mi12, Hunter Terrace, Sunderland, Tyne And Wear SR2 8SD4
£100K08/210.65 mi16, General Graham Street, Sunderland, Tyne And Wear SR4 7HL4
£545K06/220.66 miPool Cottage, Linden Road, Sunderland, Tyne And Wear SR2 9AU4
£145.5K11/200.66 mi34, Percy Terrace, Sunderland, Tyne And Wear SR2 8SE4

Local Rents

46 rents from £477/mo to £3.7K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£78009/240.08 mi-3
£78004/250.08 mi-3
£95003/250.09 mi-3
£1,73309/240.09 miArgyle Street, Close to City Campus, Sunderland, SR24
£97509/240.11 miCresswell Terrace, Sunderland3
£1,75009/240.12 miCresswell Terrace, Thornhill, Sunderland, SR25
£1,40009/240.12 miCresswell Terrace, Thornhill, Sunderland, SR24
£1,12609/240.12 miAlice Street, Thornhill, Sunderland, SR24
£1,64709/240.12 mi-4
£3,50003/250.12 mi-3
£1,30009/240.18 mi-4
£1,40009/240.18 mi-4
£49009/240.19 miThornhill Crescent, Sunderland, Tyne And Wear, SR26
£47709/240.19 miCity View, 1-4 Thornhill Crescent, Sunderland, Tyne And Wear, SR24
£47709/240.19 miThornhill Crescent, Sunderland, Tyne And Wear, SR24
£1,30009/240.2 miBriery Vale Road, Sunderland4
£90009/240.29 miThornlea Court, Thornhill, Sunderland, SR23
£55009/240.31 miMowbray Close, Sunderland7
£1,20009/240.33 miHavelock Terrace, Sunderland, SR24
£82509/240.36 mi-3
£1,30009/240.39 miAshwood Terrace, Thornhill5
£2,08009/240.42 miOakwood Street, Thornhill, Sunderland, SR25
£1,00008/240.45 mi-4
£1,41009/240.49 miRosedale Street, Sunderland, SR15
£1,40009/240.49 miFawcett Street Student Accommodation, City Centre, SUNDERLAND, SR13
£49409/240.5 miPhoenix House, Union Street, Sunderland, Tyne And Wear, SR14
£49809/240.5 miCity View @Phoenix House, Union Street, Sunderland, Tyne And Wear, SR16
£49409/240.5 miPhoenix House, Union Street, Sunderland, Tyne And Wear, SR15
£48509/240.5 miCity View @ Phoenix House, Union Street, Sunderland, Tyne And Wear, SR14
£49409/240.5 miCity View @Phoenix House, Union Street, Sunderland, Tyne And Wear, SR15
£49809/240.5 miCity View@Phoenix House, Union Street, Sunderland, Tyne And Wear, SR16
£57509/240.51 miJohn Street, Sunderland, Tyne & Wear, SR14
£57509/240.51 miJohn Street, Sunderland, Tyne & Wear, SR14
£57509/240.51 miJohn Street, Sunderland, Tyne & Wear, SR14
£90009/240.51 miBeachville Street, Sunderland, SR44
£80009/240.51 mi-4
£90010/240.51 mi-4
£1,40009/240.52 miFawcett Street, City Centre, Sunderland, SR13
£1,87209/240.53 miFawcett Street, Sunderland, SR14
£1,40009/240.53 miStudent Accommodation @ Fawcett Street, City Centre, Sunderland, SR13
£3,68009/240.53 miTyro Student Luxury Accommodation, 1-6 Fawcett Street, Sunderland, SR15
£89502/240.55 mi-4
£61004/250.56 mi-3
£87504/250.58 mi-3
£80009/240.59 miHurstwood Road, High Barnes, Sunderland3
£1,82009/240.6 miNorfolk Street, Sunderland, SR14

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.33 miles away

Nearest school

0.20 miles away

Nearest train station

0.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £135,000

December 12, 2024

Description

  • Charming Period Mid Terraced Property +
  • For Sale with No Onward Chain +
  • Ideal Location for Transport Links +
  • Close to Local Amenities +
  • Offering Great Potential +
  • Reference : 458225 +

7 Belvedere Road, Sunderland SR2 7BT

We are acting in the sale of the above property and have received an offer of £135,000 on the above property. Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place

Located on the outskirts of Sunderland city centre, this charming period mid terrace property offers spacious living throughout and is sold with No Onward Chain ! With convenient access to Park Lane's main bus and metro stations, it's an ideal location for those looking to stay well connected. The home requires renovation and modernisation, presenting an excellent opportunity for buyers or investors eager to add personal touches and increase value.

The spacious layout includes three reception rooms - the lounge, dining room, and breakfast room, alongside a kitchen on the ground floor. A half landing leads to a separate W.C., shower room, and the rear bedroom, with three additional well proportioned bedrooms accessible from the main landing. A spacious rear yard adds outdoor space, perfect for creating a private retreat. This property has significant potential for those looking to invest or make it their own, so call now to book a viewing.
ENTRANCE
Via original hardwood door into Lobby.
LOBBY
Original glazed door into Hallway.
HALLWAY
Decorative ceiling coving, electric storage heater and stairs to first floor landing.
LOUNGE 5.29m (17'4) x 4.81m (15'9)
Double glazed bay window and gas fire with surround.
DINING ROOM 4.29m (14'1) x 4.34m (14'3)
Double glazed bay window, electric storage heater and gas fire with surround.
BREAKFAST ROOM 3.24m (10'8) x 4.77m (15'8)
Double glazed window, feature chimney breast wall with log burner and two storage cupboards.
KITCHEN 3.15m (10'4) x 1.7m (5'7)
Wall and floor units, gas oven point, double glazed window and double glazed door to rear Yard.
FIRST FLOOR HALF LANDING
Double glazed window.
SEPARATE TOILET
Low level W.C. and double glazed window.
SHOWER ROOM
Double glazed window, shower cubicle and wash basin.
REAR BEDROOM 3.1m (10'2) x 3.25m (10'8)
Double glazed window and storage cupboard.
FIRST FLOOR MAIN LANDING
Storage cupboard.
REAR BEDROOM 4.29m (14'1) x 4.32m (14'2)
Feature fireplace, original storage cupboard and double glazed window.
MASTER BEDROOM 4.94m (16'2) x 4.58m (15'0)
Electric storage heater, double glazed bay window, feature fireplace and original storage.
FRONT BEDROOM 3.34m (10'11) x 2.28m (7'6)
Double glazed window.
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 14 Mbps and a maximum download speed of 1000 Mbps at this postcode: SR2 7BT and mobile coverage is provided by EE, 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: C
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: E

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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