3 Bed Flat, Refurb/BRRR, Sunderland, SR5 4QR, £129,995

Bristol Avenue, Sunderland, SR5 4QR - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£15.5K - £237K
Sold Prices/m²£183/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£43,718

 

 

End Value (After Refurb)

£119,950

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,499

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£35,600

Bridging Loan Interest

£3,412

Total Cash In

£78,361

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£119,950

Mortgage (After Refinance)

£89,963

Mortgage LTV

75%

Cash Left In

£78,361

Equity

£29,988

Rent Range

£650 - £1,200

Rent Estimate

£831

Running Costs/mo

£561

Cashflow/mo

£270

Cashflow/yr

£3,239

ROI

4%

Gross Yield

8%

Local Sold Prices

22 sold prices from £15.5K to £237K, average is £40.5K. £183/m² to £1.8K/m², average is £432/m².

PriceDateDistanceAddressBeds 
£120K02/231.62 mi28, Redcar Road, Sunderland, Tyne And Wear SR5 5PX3
£123K11/221.99 mi32, Lincoln Way, Jarrow, Tyne And Wear NE32 4UU3
£41K10/202.01 mi29, Kenilworth Court, Washington, Tyne And Wear NE37 3EA3
£35K02/232.01 mi53, Kenilworth Court, Washington, Tyne And Wear NE37 3EA3
£35K08/222.01 mi35, Collingwood Court, Washington, Tyne And Wear NE37 3EB3
£38.8K09/222.01 mi37, Collingwood Court, Washington, Tyne And Wear NE37 3EB3
£25.5K01/232.02 mi74, Kenilworth Court, Washington, Tyne And Wear NE37 3EG3
£32K12/202.03 mi62, Kenilworth Court, Washington, Tyne And Wear NE37 3EG3
£155K06/232.04 mi3, Police Houses, Jarrow, Tyne And Wear NE32 4PH3
£15.5K06/242.04 mi103, Collingwood Court, Washington, Tyne And Wear NE37 3EF3
£35.5K06/232.05 mi161, Waterloo Walk, Washington, Tyne And Wear NE37 3EL3
£17K01/212.05 mi161, Waterloo Walk, Washington, Tyne And Wear NE37 3EL3
£42K11/222.08 mi35, Neville Court, Sulgrave, Washington, Tyne And Wear NE37 3DY3
£35K02/212.09 mi31, Neville Court, Washington, Tyne And Wear NE37 3DY3
£30K09/222.17 mi5, Wellington Court, Washington, Tyne And Wear NE37 3DT3
£82K10/212.35 mi9, Friar Road, Sunderland, Tyne And Wear SR4 0BJ3
£40K12/202.37 mi163, Galsworthy Road, South Shields, Tyne And Wear NE34 9UF3
£237K05/222.38 mi2, Moore Avenue, South Shields, Tyne And Wear NE34 6AA3
£63K02/212.7 mi109, Spout Lane, Washington, Tyne And Wear NE37 2UD3
£160K08/232.72 mi60, The Broadway, Sunderland, Tyne And Wear SR4 8NN3
£80K08/232.8 mi15, Kirkdale Court, South Shields, Tyne And Wear NE34 9EU3
£95K03/232.95 mi1, Glen Terrace, Washington, Tyne And Wear NE38 7AY3

Local Rents

22 rents from £650/mo to £1.2K/mo, average is £758/mo.

RentDateDistanceAddressBeds 
£80010/240.17 mi-3
£75008/230.17 mi-3
£75008/230.17 mi-3
£77511/230.17 mi-3
£72503/250.37 mi-3
£79505/240.62 mi-3
£75009/240.62 miCampbell Road, Hylton Castle3
£65009/240.7 mi-3
£99509/240.77 mi-3
£89509/240.86 mi-3
£1,07509/240.86 miWellington Park, Sunderland, SR53
£75009/240.97 miKenley Road, Downhill, Sunderland3
£75007/241.02 mi-3
£76511/241.12 mi-3
£78009/241.13 miErnwill Avenue, Sunderland, Tyne And Wear, SR53
£1,20007/241.17 miLawson Court, Boldon Colliery3
£1,10012/231.18 mi-3
£80003/251.19 mi-3
£70009/241.21 mi-3
£75001/251.23 mi-3
£75012/241.23 mi-3
£75009/241.23 mi-3

Local Area Statistics

Population in SR5

34,580

Population in Sunderland

183,740

Town centre distance

2.55 miles away

Nearest school

0.20 miles away

Nearest train station

1.84 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £129,995

December 12, 2024

Sold for £89,950

2020

Sold for £59,000

2016

Sold for £70,000

2007

Description

  • EXTENDED 3 BEDROOM HOME +
  • MODERNISED AND WELL PRESENTED +
  • GARAGE & DRIVEWAY TO REAR +
  • EPC RATING D +
  • STYLISH KITCHEN/DINING ROOM +
  • STUNNING BATHROOM WITH SEPARATE SHOWER & BATH +
  • ATTRACTIVELY PRICED +

EXTENDED 3 DOUBLE BEDROOM HOME - MODERNISED AND WELL PRESENTED - GARAGE & DRIVEWAY TO REAR - STYLISH KITCHEN/DINING ROOM - STUNNING BATHROOM WITH SEPARATE SHOWER & BATH - ATTRACTIVELY PRICED …
Good Life Homes are delighted to bring to the market an excellent opportunity to acquire a recently modernised and updated spacious home which benefits from a large extension to the rear enlarging the original kitchen into a kitchen/dining room and creating a generous single garage in addition to a rear driveway and rear patio garden. Positioned to the front within a quiet pedestrian walkway perfect for families, the property has benefitted from considerable renovation in recent years and offers the new owners a modern ready to move into home. Briefly comprising; entrance hall, lounge partly open plan to dining room, extended dining kitchen with large patio doors leading out to the rear where there is a single garage forming part of the extension and a driveway. On the first floor there are 3 bedrooms and a stunning bathroom which has recently been finished and comprises a separate freestanding bath, a separate walk-in shower and stylish fittings.
A really great ready to move into opportunity, 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 - EXTENDED 3 DOUBLE BEDROOM HOME - MODERNISED AND WELL PRESENTED - GARAGE & DRIVEWAY TO REAR - STYLISH KITCHEN DINING ROOM - STUNNING BATHROOM WITH SEPARATE SHOWER & BATH - ATTRACTIVELY PRICED …

Entrance Hall - Entrance via GRP door. Tiled flooring, carpeted stairs to first floor, radiator, partially-glazed door leading to lounge, folding door leading to the kitchen/dining room.

Lounge - 4.11m x 3.61m (13'6 x 11'10) - Measurements taken at widest points
Laminate wood-effect flooring, radiator, large front facing white uPVC double-glazed window allowing lots of light into the space. Feature chimney breast with log burning stove sat upon a granite hearth and LED lights built into the floor just in front of the fireplace providing an extra lovely feature. Open plan doorway approx. 5ft 10" which leads through to the dining room.

Dining Kitchen - 3.23m x 3.20m (10'7 x 10'6) - Continuation of laminate wood-effect flooring from the lounge, radiator, rear facing white uPVC double-glazed window with views over the rear garden. The current owners have a portable sauna positioned in this room which can be seen in the photographs but will not be left with the property. This room has ample space for a dining table and chairs. Open plan serving hatch/frame with direct views into the kitchen.

Kitchen/Dining Room - 5.36m x 2.62m (17'7 x 8'7) - Part of an extension to the original property, the kitchen/dining room is a lovely space with tiled flooring, modern kitchen with a range of wall and floor units in a white finish with complementary work surface, granite style sink with single bowl, single drainer and matching Monobloc tap. Integrated electric oven with 4 ring ceramic hob and feature extractor chimney with matching splash back, space and plumbing for a washing machine, and the current owners also have a freestanding American style fridge/freezer in the dining area. The dining area has a flat panel radiator, white uPVC double-glazed sliding doors leading out to the rear garden.

First Floor Landing - Loft hatch, 4 doors leading off, 3 to bedrooms and 1 to bathroom.

Bathroom - 3.15m x 1.68m (10'4 x 5'6) - A beautiful well-appointed recently modernised bathroom with stylish floor and wall coverings. Freestanding bath with floor mounted chrome tap and separate shower attachment, double walk-in shower with low profile tray and electric shower, bowl style sink placed on top of a drawer unit with chrome tap and toilet with concealed cistern. Chrome towel heater style radiator, rear facing white uPVC double-glazed window with privacy glass, recessed lights to ceiling and extractor fan. This is a lovely bathroom by any standard.

Bedroom 1 - 4.27m x 2.92m (14'0 x 9'7) - Double bedroom.
Carpet flooring, radiator, front facing white uPVC double-glazed window. Extensive fitted wardrobes with sliding doors and additional built-in cupboard. This is a good size double.

Bedroom 2 - 3.25m x 3.05m (10'8 x 10'0) - Carpet flooring, radiator, front facing white uPVC double-glazed window, built-in cupboard providing additional storage. This is also a double bedroom.

Bedroom 3 - 2.74m x 2.69m (9'0 x 8'10) - Carpet flooring, radiator, rear facing white uPVC double-glazed window. This is also a double bedroom.

Garage - 5.79m x 2.67m (19'0 x 8'9) -

Externally - The property has pedestrian only walk way to the front with garden.

Gated access for vehicle parking if required, low maintenance paved area immediately adjacent to the house, garage which is part of an extension to the original house which is currently used for storage. The current owners have blocked off the access to the garage with a timber fence, but this could be taken down for direct access into the garage by the new owners.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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