2 Bed Flat, Single Let, Sunderland, SR5 2HD, £59,995

2 Clarence Street, Sunderland, SR5 2HD - 1 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 15%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£31.5K - £175K
Sold Prices/m²£539/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£74,994
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,999

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,199

 

 

Cash Out

 

Rent Range

£475 - £995

Rent Estimate

£550

Running Costs/mo

£317

Cashflow/mo

£233

Cashflow/yr

£2,790

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £31.5K to £175K, average is £75.3K. £539/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£57K08/220.35 mi14, Brackenway, Washington, Tyne And Wear NE37 1AW2
£53K07/230.6 mi11, Edgeware Court, Sunderland, Tyne And Wear SR5 2QY2
£92K07/220.66 mi6, Helmesley Court, Sunderland, Tyne And Wear SR5 5HH2
£31.5K10/200.68 mi6, Earls Court, Sunderland, Tyne And Wear SR5 2QP2
£39.5K11/200.7 mi27, Lyndhurst Terrace, Sunderland, Tyne And Wear SR4 6SQ2
£65K04/220.71 mi73, Earlston Street, Sunderland, Tyne And Wear SR5 2QS2
£52K03/210.85 mi47, John Candlish Road, Sunderland, Tyne And Wear SR4 6HB2
£130K02/220.86 mi16, Viewforth Terrace, Sunderland, Tyne And Wear SR5 1PZ2
£175K01/241.13 mi8, Orchard Court, Sunderland, Tyne And Wear SR6 8NR2
£72K12/231.19 mi10, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£82.5K01/211.19 mi26, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£77K06/231.19 mi102a, Gladstone Street, Sunderland, Tyne And Wear SR6 0JA2
£74K07/211.24 mi43, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£55K03/231.25 mi84, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£71K06/231.25 mi82, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£65K11/221.25 mi80, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£101K09/221.26 mi16, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£86K04/211.26 mi19, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£106K12/201.27 mi7 Bonners Raff, Chandlers Road, Sunderland, Tyne And Wear SR6 0AD2
£83K08/231.27 mi1, Westburn Terrace, Sunderland, Tyne And Wear SR6 9RB2
£69K03/231.29 mi29, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£70K01/211.29 mi15, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£100K02/231.3 mi24, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£105K09/221.3 mi25, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£65K12/211.32 miApartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£35K10/231.33 miApartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£58.5K08/231.33 miApartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH2
£75.5K11/201.35 mi17, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£84K04/211.36 mi22, Turnstile Mews, Sunderland, Tyne And Wear SR6 9TP2
£115K10/231.39 mi12, Ashdale Court, Sunderland, Tyne And Wear SR6 9SZ2
£75K08/231.39 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£71K12/201.4 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£60K02/211.4 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/231.4 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£39K09/211.43 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£39K09/211.43 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£96.5K09/221.44 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£68K06/211.44 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/211.44 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£72.5K02/211.44 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£105K08/211.49 mi9, Park Gate, Sunderland, Tyne And Wear SR6 9PW2
£94K07/211.5 mi71, Bede Street, Sunderland, Tyne And Wear SR6 0NT2
£103K02/211.5 mi69, Bede Street, Sunderland, Tyne And Wear SR6 0NT2
£74K07/211.5 mi45, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£118K07/221.55 mi13, Park Gate, Sunderland, Tyne And Wear SR6 9PW2
£80K03/221.55 mi17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£80K01/221.56 mi22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£71K04/221.56 mi21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£125.3K02/241.56 mi22, Topcliff, Sunderland, Tyne And Wear SR6 0QD2
£125K08/221.56 mi35, Topcliff, Sunderland, Tyne And Wear SR6 0QD2

Local Rents

46 rents from £475/mo to £995/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£75009/240.08 miDarwin Street, Sunderland2
£57509/240.19 miKeats Avenue, Sunderland, Tyne And Wear, SR52
£67503/250.38 mi-2
£59509/240.49 miCarley Road, Sunderland, Tyne and Wear, SR5 2RP2
£59509/240.49 miCarley Road, Sunderland, Tyne and Wear, SR5 2RP2
£59509/240.52 miCarley Road, Southwick2
£85509/240.63 miRawson Close, Sunderland, SR52
£85509/240.63 miRawson Close, Sunderland, SR52
£75008/230.64 mi-2
£75007/240.71 mi-2
£75012/240.71 mi-2
£75002/250.71 mi-2
£65006/230.71 mi-2
£65009/240.71 miRoss Street, Sunderland2
£60010/230.72 mi-2
£75012/240.74 mi-2
£75009/240.76 miSouthwick Road, Sunderland, Tyne and Wear, SR52
£59502/250.8 mi-2
£65008/240.81 mi-2
£47509/240.81 mi-2
£49503/250.81 mi-2
£62503/250.83 mi-2
£65009/240.84 miKings Terrace, Sunderland, Tyne and Wear, SR42
£62503/250.84 mi-2
£59509/240.86 mi-2
£75009/240.86 miEdwin Street, Sunderland, Tyne and Wear, SR42
£75003/250.89 mi-2
£59509/240.9 miRingwood Road, Redhouse, Sunderland2
£62509/240.95 miWarennes Street, Pallion, Sunderland2
£52509/240.95 miPickard Street, Millfield, Sunderland2
£52007/230.97 mi-2
£67509/240.98 mi-2
£59501/251.04 mi-2
£67509/241.07 miPallion Road, Sunderland, Tyne And Wear, SR42
£79509/241.08 miMarina Avenue, Fulwell2
£77503/251.1 mi-2
£99509/241.1 miLaburnum Road, Sunderland, SR62
£65009/241.11 miHighfield Place, Pallion, Sunderland2
£65009/241.11 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£75009/241.11 miRotherfield Square, Redhouse, Sunderland2
£75009/241.12 miRotherfield Square, Redhouse, Sunderland2
£95009/241.14 miAshberry Grove, Roker2
£60010/231.15 mi-2
£75009/241.15 mi-2
£90009/241.2 miBonners Raff, Chandlers Road, SUNDERLAND, SR62
£75003/251.21 mi-2

Local Area Statistics

Population in SR5

34,580

Population in Sunderland

183,740

Town centre distance

1.26 miles away

Nearest school

0.40 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £59,995

December 12, 2024

Description

  • ATTENTION LANDLORDS OR FIRST TIME BUYERS ! +
  • 2 BEDROOM LOW COST UPPER FLOOR FLAT +
  • WELL PRESENTED & LANDLORD COMPLIANT +
  • EPC RATING D +
  • RENTAL ASSESSMENT £550pcm +
  • POTENTIAL YIELD @ 10%pa +
  • NO CHAIN +
  • CLOSE TO ENTERPRISE PARK GREAT COMMUTER LOCATION +

ATTENTION LANDLORDS OR FIRST TIME BUYERS ! - 2 BEDROOM LOW COST FLAT - WELL PRESENTED & LANDLORD COMPLIANT - RENTAL ASSESSMENT £550pcm - POTENTIAL YIELD @ 10%pa - NO CHAIN
- CLOSE TO ENTERPRISE PARK GREAT COMMUTER LOCATION …
Good Life Homes are delighted to bring to the market a terrific opportunity to acquire a well presented high yielding rental/landlord compliant property in a great commuter location which is popular with tenants. Previously managed by ourselves, the property is in good order and briefly comprises; own entrance door at ground floor level providing access to a staircase which leads up to a pleasant first floor landing with all main rooms leading off to 2 bedrooms, lounge, bathroom and kitchen.
The property is vacant and has had a recent decor refresh and is free to install a new tenant which we can help with if required. Alternatively, this would make a great low cost starter home for a first time buyer or DOWNSIZER.
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 - ATTENTION LANDLORDS OR FIRST TIME BUYERS ! - 2 BEDROOM LOW COST FLAT - WELL PRESENTED & LANDLORD COMPLIANT - RENTAL ASSESSMENT £550pcm - POTENTIAL YIELD @ 10%pa - NO CHAIN
- CLOSE TO ENTERPRISE PARK GREAT COMMUTER LOCATION …

Entrance Hall - The property is entered via a uPVC double-glazed door into the entrance hall, wall mounted electric heater, uPVC door leading to small rear yard where refuse bins are stored etc. Carpeted stairs leading to first floor landing.

First Floor Landing - uPVC double glazed windows, single convector radiator, loft hatch and a storage cupboard, wall mounted thermostat for the central heating system. 5 doors leading off, 2 to bedrooms, 1 to bathroom, 1 to kitchen and 1 to lounge.

Lounge - 17' 1" x 11' 2" (5.21m x 3.4m) - Measurements are taken into widest points, into bay window and into alcove. Carpet flooring, electric fire with decorative fire surround and tiled hearth. Single convector radiator, front facing white uPVC double glazed bay window, arched recess into one of the alcoves with a small storage cupboard underneath.

Bedroom 2 - 10' 5" x 7' 11" (3.18m x 2.41m) - Carpet flooring, single convector radiator, front facing white uPVC double-glazed window.

Bedroom 1 - 14' 2" x 10' 1" (4.32m x 3.07m) - Carpet flooring, single convector radiator, front facing white uPVC double-glazed window and a decorative fire surround.

Bathroom - 10' 4" x 9' 1" (3.15m x 2.77m) - Measurements taken at widest points, room is L-shaped.
Vinyl tile-effect flooring, chrome tile heating style radiator, two rear facing white uPVC double-glazed windows with privacy glass. White bathroom suite comprising of; toilet with low level cistern, sink with single pedestal with chrome taps, bath with panel and chrome taps, glass shower screen over and electric shower. Bathroom is partially tiled with a white ceramic tile. Wall mounted mirror.

Kitchen - 10' 5" x 7' 10" (3.18m x 2.39m) - Laminate wood-effect flooring, single convector radiator, white uPVC double-glazed window which is rear facing, range of modern kitchen units comprising of white doors and draw fronts and wood-effect laminate work surfaces. Stainless steel sink with single bowl, single drainer and matching taps. Free standing gas cooker and wall mounted Combi boiler. Space and plumbing for a washing machine and space for a tall fridge freezer if required. Ceiling is finished with uPVC cladding.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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