2 Bed Bungalow, Single Let, Sunderland, SR2 8ND, £48,000

Ridley Terrace, Sunderland, SR2 8ND - 4 months ago

Under Offer
BTL
ROI: 13%
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£705/m²

Value Estimate

£54,326
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£15,600

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£425

Running Costs/mo

£255

Cashflow/mo

£170

Cashflow/yr

£2,040

ROI

13%

Gross Yield

11%

Local Sold Prices

47 sold prices from £30K to £182K, average is £50K. £396/m² to £2.2K/m², average is £807/m².

PriceDateDistanceAddressBeds 
£46K07/210.03 mi12, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£39K05/210.03 mi21, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£55K07/230.11 mi37, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£36K07/210.11 mi39, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£35.5K12/200.12 mi64, Tower Street West, Sunderland, Tyne And Wear SR2 8JY2
£47K11/210.13 mi53, Mainsforth Terrace West, Sunderland, Tyne And Wear SR2 8JX2
£54K04/210.18 mi9, Burlington Close, Sunderland, Tyne And Wear SR2 8AW2
£51K05/230.2 mi18, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£46.8K12/220.21 mi30, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£43K03/210.21 mi22, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£65K05/230.21 mi23, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£64K06/210.22 mi18, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£45K04/230.31 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£50K04/210.32 mi8, Coxon Street, Sunderland, Tyne And Wear SR2 8DX2
£38K01/210.33 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£83.3K10/220.34 mi15, Raine Grove, Sunderland, Tyne And Wear SR1 2LH2
£50K01/230.34 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£50K01/230.36 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K07/230.37 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£45K03/210.39 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.39 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.39 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£33K04/230.4 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£49K12/220.45 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£48K03/210.46 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.46 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£37.5K12/200.49 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.49 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£34K04/230.57 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.57 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£156K09/230.65 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£120.7K11/200.66 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£48K08/210.67 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£182K01/210.67 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£48K08/210.68 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£65K06/230.69 mi7, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£110K01/210.74 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£150K02/210.84 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£153K11/200.85 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£75K06/210.85 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£85K02/210.9 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£85K12/220.92 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£165.8K08/210.94 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£75K06/210.95 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£88K06/230.97 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£73.5K01/210.97 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£115K12/211 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2

Local Rents

49 rents from £475/mo to £2K/mo, average is £690/mo.

RentDateDistanceAddressBeds 
£55009/240.06 mi-2
£58004/250.12 mi-2
£62511/240.17 mi-2
£65009/240.21 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£65009/240.21 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£57502/250.21 mi-2
£80009/240.27 mi-2
£80009/240.27 mi-2
£55009/240.27 mi-2
£69011/240.27 mi-2
£97509/240.3 miMowbray Road, Ashbrooke, Sunderland2
£47509/240.31 miVillette Road, Hendon, Sunderland2
£60009/240.31 miMoreland Place, Gray Road, Hendon, Sunderland, SR22
£72504/250.32 mi-2
£84509/240.32 miThe Oaks, Sunderland, SR22
£72009/240.32 mi-2
£72504/250.32 mi-2
£69509/240.32 mi-2
£76509/240.37 miSaint Leonard Street, Sunderland, SR22
£75009/240.37 mi-2
£53504/250.38 mi-2
£52508/240.39 mi-2
£65009/240.41 mi(Formerly 1 Kensington House), Sunderland, Gray Road, Ashbrooke, SR22
£55003/250.41 mi-2
£65504/250.41 mi-2
£95009/240.41 mi-2
£75004/250.43 mi-2
£60009/240.45 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£90004/250.46 mi-2
£75009/240.53 miThe Esplanade, Sunderland, SR22
£80009/240.54 miCity Apartments, Borough Road, Sunderland2
£65009/240.54 miPark Hall, Sunderland, Ashbrooke, SR22
£72509/240.55 mi-2
£65009/240.56 mi1-4 Ashbrooke Terrace, Sunderland2
£70009/240.56 miOrchard House, Belford Close, SUNDERLAND, SR22
£50009/240.58 mi-2
£50009/240.58 mi-2
£72509/240.59 miHawksley House, 26-29 John Street, Sunderland, SR12
£67509/240.59 miHawksley House, 26-29 John Street, Sunderland, SR12
£65009/240.6 miGrange Crescent, Sunderland, Stockton Road, SR22
£70009/240.6 miSt Georges House, Ashbrooke, Sunderland, SR22
£59509/240.61 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£77502/250.61 mi-2
£75001/250.61 mi-2
£2,00002/250.61 mi-2
£65009/240.61 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£65009/240.61 miGrange Crescent, Stockton Road, Sunderland, SR22
£75002/250.62 mi-2
£75001/250.62 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £48,000

December 19, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 Bedroom Mid Terrace located in Sunderland. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a spacious lounge and a modern kitchen.

Investment details

It currently produces an annual gross income of £5100 which could be increased by the new owner to a market rate of £7224 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪