2 Bed Flat, Refurb/BRRR, Sunderland, SR2 0DY, £29,995

Edgmond Court, Sunderland, SR2 0DY - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£37K - £190K
Sold Prices/m²£592/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£440/m²

Value Estimate

£36,594
BMV22%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£7,499

Stamp Duty & Legal Fees

£2,700

Total Cash In

£10,199

 

 

Cash Out

 

Rent Range

£475 - £765

Rent Estimate

£0

Running Costs/mo

£114

Cashflow/mo

£-114

Cashflow/yr

£-1,365

Local Sold Prices

50 sold prices from £37K to £190K, average is £85.3K. £592/m² to £4.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£55.2K01/230.37 mi20, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YZ2
£65K01/230.41 mi16, Padstow Close, Sunderland, Tyne And Wear SR2 0YP2
£87K11/200.53 mi127, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ2
£82K12/200.53 mi39a, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£76K05/230.53 mi39, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£80K11/200.57 mi12, Skipsea View, Sunderland, Tyne And Wear SR2 0BX2
£149.9K08/210.68 mi4, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£153K09/220.68 mi2, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£100K12/220.77 mi85, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£76.5K05/230.78 mi77, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£91K08/230.78 mi60, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85.5K08/210.78 mi57, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85K12/220.78 mi63, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85K12/220.78 mi76, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£78K12/221.05 mi34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80.8K04/231.06 mi27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£88K01/211.06 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80K03/231.06 mi5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£82K06/231.06 mi50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£37K03/231.16 mi42, Blind Lane, Sunderland, Tyne And Wear SR3 1AS2
£53.5K09/231.24 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/201.24 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£155K04/231.27 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/201.27 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£78K05/211.3 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/211.3 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£118K11/201.31 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£94K11/221.32 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£75K02/231.34 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£190K06/231.35 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/211.35 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/231.35 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£92.5K07/231.42 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/211.42 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/231.42 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£120K02/211.44 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/211.44 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£110K12/201.45 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£125K04/221.49 mi11, Cranbrook, Sunderland, Tyne And Wear SR3 1DL2
£185K02/211.51 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£70K10/201.52 mi44, Ravelston Close, Sunderland, Tyne And Wear SR3 2PL2
£120K05/211.53 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£75K06/211.54 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£82K09/231.58 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£65K10/221.59 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£110K06/231.63 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K10/201.63 mi13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£56.7K01/211.67 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£85.5K07/221.76 mi29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£72.5K12/211.76 mi28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2

Local Rents

28 rents from £475/mo to £765/mo, average is £598/mo.

RentDateDistanceAddressBeds 
£47510/230.34 mi-2
£47508/240.34 mi-2
£59509/240.36 miTrevarren Drive, Sunderland2
£52508/230.44 mi-2
£75004/250.5 mi-2
£50003/250.54 mi-2
£65002/250.58 mi-2
£65009/240.6 miOcean Road South, Grangetown2
£58502/250.6 mi-2
£65004/250.63 mi-2
£70009/240.66 miDinsdale Street, Sunderland, Tyne and Wear, SR22
£60007/240.66 mi-2
£59509/240.8 miBeechbrooke, Ryhope, Sunderland2
£59509/240.88 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£67509/230.9 mi-2
£60009/241.02 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£70009/241.04 miOrchard House, Belford Close, SUNDERLAND, SR22
£55003/251.05 mi-2
£65504/251.05 mi-2
£52508/241.08 mi-2
£53504/251.08 mi-2
£75009/241.09 mi-2
£76509/241.09 miSaint Leonard Street, Sunderland, SR22
£57508/231.14 mi-2
£47509/241.19 miVillette Road, Hendon, Sunderland2
£69011/241.19 mi-2
£65009/241.21 miCastlereagh Street, Silksworth2
£55009/241.23 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.55 miles away

Nearest school

0.40 miles away

Nearest train station

1.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £29,995

December 13, 2024

Description

  • REQUIRING MODERNISATION & REFURBISHMENT +
  • 2 BEDROOM SECOND FLOOR APARTMENT +
  • ALSO HAS SEPARATE GARAGE WITHIN BLOCK +
  • EPC RATING +
  • LEASEHOLD +
  • WELL MAINTAINED BLOCK COMMON AREAS +
  • NO CHAIN +

REQUIRING MODERNISATION & REFURBISHMENT - 2 BEDROOM SECOND FLOOR APARTMENT - ALSO HAS SEPARATE GARAGE WITHIN BLOCK - LEASEHOLD - WELL MAINTAINED BLOCK COMMON AREAS
- NO CHAIN …
Good Life Homes are delighted to bring to the market a good opportunity for an experienced DIY person to acquire a 2 bedroom apartment within this small development. Offering well presented common areas, the apartments are popular with tenants and could expect to achieve a monthly rent in the region of £550pm when fully renovated and well presented therefore offering a string yield.
The apartment also benefits from a separate garage located within a block nearby which also offers potential as a separate rental in the region of £80pcm.
Briefly comprising; entrance buzzer, stairs to second floor, private entrance door to flat, 2 bedrooms, bathroom, lounge, kitchen, uPVC double glazing. The flats within the block do not have a gas supply, only electric.
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 - REQUIRING MODERNISATION & REFURBISHMENT - 2 BEDROOM SECOND FLOOR APARTMENT - ALSO HAS SEPARATE GARAGE WITHIN BLOCK - LEASEHOLD - WELL MAINTAINED BLOCK COMMON AREAS
- NO CHAIN …

Entrance Hall - Stairs leading to first floor with door leading to the apartment. Built-in cupboard, 4 doors leading off, 2 to bedrooms, 1 to bathroom and 1 to lounge.

Bedroom 1 - 3.05m x 3.15m (10'0 x 10'4) - Rear facing white uPVC double-glazed window with pleasant views over greenery and built-in double wardrobe space.

Bedroom 2 - 4.11m x 2.36m (13'6 x 7'9) - Rear facing white uPVC double-glazed window with pleasant views over greenery, built-in cupboard providing some storage and also the location of the hot water Ellison tank.

Bathroom - 2.03m x 1.65m (6'8 x 5'5) - White bath, white sink with chrome taps, white toilet with mid-range cistern, electric wall heater.

Lounge - 5.18m x 3.10m (17'0 x 10'2) - Good size lounge.
White uPVC double-glazed window overlooking pleasant greenery, door leading off to kitchen.

Kitchen - 2.44m x 2.31m (8'0 x 7'7) - Rear facing white uPVC double-glazed window, wall mounted electric heater. Part fitted kitchen with a range of wall and floor units, stainless steel sink with chrome tap, electric oven power point.

Externally - Secure entrance into Edgmond Court.
Separate single garage located in the block.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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