2 Bed Terraced House, Single Let, Sunderland, SR2 8QB, £55,000

St. Leonard Street, Sunderland, SR2 8QB - 4 months ago

Sold STC
BTL
ROI: 15%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£30K - £182K
Sold Prices/m²£396/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£55,610

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£475 - £975

Rent Estimate

£525

Running Costs/mo

£297

Cashflow/mo

£228

Cashflow/yr

£2,738

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £30K to £182K, average is £52.5K. £396/m² to £2.2K/m², average is £836/m².

PriceDateDistanceAddressBeds 
£37.5K12/200.05 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.05 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£48K03/210.05 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.05 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£49K12/220.05 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K03/210.07 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.07 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.07 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£33K04/230.07 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£45K04/230.14 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£34K04/230.14 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.14 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£50K01/230.17 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£38K01/210.18 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£50K01/230.19 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K07/230.19 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£120.7K11/200.24 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£182K01/210.25 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£47K11/210.32 mi53, Mainsforth Terrace West, Sunderland, Tyne And Wear SR2 8JX2
£64K06/210.33 mi18, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£35.5K12/200.35 mi64, Tower Street West, Sunderland, Tyne And Wear SR2 8JY2
£55K07/230.39 mi37, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£36K07/210.39 mi39, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£75K06/210.41 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£150K02/210.44 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£153K11/200.46 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£85K02/210.47 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£46K07/210.47 mi12, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£39K05/210.47 mi21, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£85K12/220.49 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£75K06/210.51 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£73.5K01/210.53 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£88K06/230.53 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£165.8K08/210.54 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£115K12/210.57 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2
£43K03/210.62 mi22, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£65K05/230.62 mi23, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£54K04/210.62 mi9, Burlington Close, Sunderland, Tyne And Wear SR2 8AW2
£156K09/230.63 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£51K05/230.64 mi18, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£46.8K12/220.65 mi30, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£132.5K06/230.68 mi7, Ayton Avenue, Sunderland, Tyne And Wear SR2 9SN2
£50K04/210.69 mi8, Coxon Street, Sunderland, Tyne And Wear SR2 8DX2
£115K07/230.74 mi11, Hereford Court, Sunderland, Tyne And Wear SR2 9LD2
£110K07/230.75 mi45, Helvellyn Road, Sunderland, Tyne And Wear SR2 9JJ2
£83.3K10/220.77 mi15, Raine Grove, Sunderland, Tyne And Wear SR1 2LH2
£110K01/210.79 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£95K03/230.83 mi148, Leechmere Road, Sunderland, Tyne And Wear SR2 9JE2
£120K02/210.84 mi24, Irene Avenue, Sunderland, Tyne And Wear SR2 9SZ2
£65K06/230.85 mi7, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2

Local Rents

29 rents from £475/mo to £975/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60009/240.01 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£55003/250.04 mi-2
£65504/250.04 mi-2
£52508/240.05 mi-2
£53504/250.07 mi-2
£76509/240.09 miSaint Leonard Street, Sunderland, SR22
£75009/240.09 mi-2
£59509/240.17 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£69011/240.18 mi-2
£47509/240.24 miVillette Road, Hendon, Sunderland2
£55009/240.28 mi-2
£58004/250.34 mi-2
£70009/240.37 miOrchard House, Belford Close, SUNDERLAND, SR22
£60009/240.46 miMoreland Place, Gray Road, Hendon, Sunderland, SR22
£65002/250.47 mi-2
£65009/240.49 mi(Formerly 1 Kensington House), Sunderland, Gray Road, Ashbrooke, SR22
£55009/240.5 mi-2
£65009/240.5 miOcean Road South, Grangetown2
£69509/240.54 mi-2
£72009/240.54 mi-2
£72504/250.54 mi-2
£72504/250.54 mi-2
£84509/240.54 miThe Oaks, Sunderland, SR22
£97509/240.55 miMowbray Road, Ashbrooke, Sunderland2
£80009/240.57 mi-2
£80009/240.57 mi-2
£62511/240.59 mi-2
£95009/240.59 mi-2
£57502/250.62 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £55,000

December 18, 2024

Description

  • 2 BEDROOM MID TERRACE ONE LEVEL HOME +
  • NICE SITTING TENANT PAYING £525pcm +
  • TENANT BEEN IN 5 YEARS & WOULD LIKE TO STAY IF POSSIBLE +
  • EPC RATING E +
  • GAS & ELECTRICAL CERTS LANDLORD COMPLIANT +
  • NEW ROOF IN RECENT YEARS +
  • ELECTRIC REAR ROLLER SHUTTER FOR VEHICLE ACCESS +

READY TO GO BUY TO LET WITH 11%pa + YIELD - 2 BEDROOM MID TERRACE ONE LEVEL HOME - NICE SITTING TENANT PAYING £525pcm - TENANT BEEN IN 5 YEARS & WOULD LIKE TO STAY IF POSSIBLE - GAS & ELECTRICAL CERTS LANDLORD COMPLIANT - NEW ROOF IN RECENT YEARS - ELECTRIC REAR ROLLER SHUTTER FOR VEHICLE ACCESS…
Attention Landlords! Great opportunity to acquire a tenanted home occupied by a nice tenant who has lived here for 5 years and would ideally like to stay. The current rent is £525pcm providing a yield of more than 11%pa and the property is well maintained and landlord compliant with gas and electrical certs and even a new roof in recent years. Briefly comprising; entrance hall, lounge, 2 bedrooms, dining kitchen, bathroom, rear courtyard with roller shutter vehicle access.
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 - READY TO GO BUY TO LET WITH 11%pa + YIELD - 2 BEDROOM MID TERRACE ONE LEVEL HOME - NICE SITTING TENANT PAYING £525pcm - TENANT BEEN IN 5 YEARS & WOULD LIKE TO STAY IF POSSIBLE - GAS & ELECTRICAL CERTS LANDLORD COMPLIANT
- NEW ROOF IN RECENT YEARS - ELECTRIC REAR ROLLER SHUTTER FOR VEHICLE ACCESS…

Entrance Hall - Entrance via double-glazed door. Carpet flooring, modern electric consumer unit, electric meter, gas meter, double radiator. Doors leading off to bedroom 1, bedroom 2 and lounge.

Bedroom 1 - 4.47m x 4.27m (14'8 x 14'0) - Measurements taken at widest points and into bay.
Carpet flooring, double radiator, double-glazed bay window.

Bedroom 2 - 3.48m x 2.06m (11'5 x 6'9) - Carpet flooring, radiator, rear facing white uPVC double-glazed window with views over rear courtyard.

Lounge - 4.65m x 3.40m (15'3 x 11'2) - Carpet flooring, double radiator, feature fire with coal-effect gas style fire, rear facing white uPVC double-glazed window. Door leading off to dining kitchen.

Dining Kitchen - 5.69m x 2.13m (18'8 x 7'0) - Vinyl flooring, radiator, 2 white uPVC double-glazed windows facing out onto the rear courtyard. Fitted kitchen with a range of wall and floor units in a painted finish with contrasting laminate work surface. Sink with bowl and a half, single drainer and Monobloc tap, space and plumbing for a washing machine, space for dishwasher, integrated electric oven, 4 ring gas hob, space for under bench fridge, space for table and chairs, wall mounted modern condensing Combi boiler. Door leading off to rear lobby.

Rear Lobby - Tiled flooring, double-glazed door leading to the rear courtyard, built-in cupboard housing storage, door leading off to bathroom.

Bathroom - 2.21m x 2.13m (7'3 x 7'0) - Toilet with low level cistern, bath with panel and chrome taps, sink with single pedestal and chrome taps. Radiator, white uPVC double-glazed window with privacy glass facing out to the rear courtyard. The walls are completely finished in a ceramic tile.

Externally - The rear courtyard has electric roller shutter garage door.

General - We have been advised that the property is rental compliant for buy to let landlords with modern consumer unit, recent central heating boiler, double-glazing and new roof in recent years. The current tenant would ideally like to stay, the current tenant has been there for 5 years and pays £525pcm, and maintains the property in good order.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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