3 Bed House, Refurb/BRRR, Sunderland, SR3 2TB, £134,995

Gayhurst Crescent, Sunderland, SR3 2TB - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£65K - £250K
Sold Prices/m²£707/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£137,898
BMV2%

 

 

End Value (After Refurb)

£169,086

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,749

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£35,600

Bridging Loan Interest

£3,544

Total Cash In

£79,892

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£169,086

Mortgage (After Refinance)

£126,814

Mortgage LTV

75%

Cash Released

£25,568

Cash Left In

£54,324

Equity

£42,271

Rent Range

£650 - £1,550

Rent Estimate

£973

Running Costs/mo

£743

Cashflow/mo

£230

Cashflow/yr

£2,760

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £250K, average is £130K. £707/m² to £3.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£132K02/210.04 mi9, Lawnhead Square, Sunderland, Tyne And Wear SR3 2TG3
£181.5K05/210.18 mi4, Berryfield Close, Sunderland, Tyne And Wear SR3 2XU3
£177K02/210.18 mi10, Berryfield Close, Sunderland, Tyne And Wear SR3 2XU3
£195K01/230.18 mi1, Aspley Close, Sunderland, Tyne And Wear SR3 2ES3
£189.9K12/200.26 mi10, Yardley Close, Sunderland, Tyne And Wear SR3 2XY3
£125K07/230.32 mi42, Orr Avenue, Sunderland, Tyne And Wear SR3 2EN3
£115K09/210.32 mi25, Honeysuckle Close, Sunderland, Tyne And Wear SR3 2UZ3
£130K06/230.35 mi7, Davison Avenue, Sunderland, Tyne And Wear SR3 2EJ3
£180K12/210.35 mi75, Cambridge Road, Sunderland, Tyne And Wear SR3 2DG3
£130K11/220.37 mi39, Treecone Close, Sunderland, Tyne And Wear SR3 2XG3
£120K11/210.38 mi40, Treecone Close, Sunderland, Tyne And Wear SR3 2XG3
£155K04/230.4 mi31, Ladybank, Sunderland, Tyne And Wear SR3 2WJ3
£93K06/210.4 mi22, Hill Street, Sunderland, Tyne And Wear SR3 2DW3
£149.9K02/230.4 mi9, Goathland Drive, Sunderland, Tyne And Wear SR3 2BZ3
£94K08/210.4 mi15, Quarry Street, Sunderland, Tyne And Wear SR3 2DR3
£135K02/210.4 mi45, Cambridge Road, Sunderland, Tyne And Wear SR3 2DQ3
£66K11/200.41 mi2, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£66K11/200.41 mi2, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£70K02/210.41 mi8, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£160K10/220.41 mi32, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£145K10/220.41 mi29, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£125K12/220.41 mi53, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£65K01/210.41 mi27, Lord Street, Sunderland, Tyne And Wear SR3 2DY3
£155K06/230.41 mi18, Fairgreen Close, Sunderland, Tyne And Wear SR3 2UA3
£220K03/210.42 mi16, Hoyle Fold, Sunderland, Tyne And Wear SR3 2TT3
£75K03/210.42 mi46, Lord Street, Sunderland, Tyne And Wear SR3 2DY3
£205K11/220.43 mi15, Goathland Drive, Sunderland, Tyne And Wear SR3 2BZ3
£125K04/210.45 mi20, Park Avenue, New Silksworth, Sunderland, Tyne And Wear SR3 2EF3
£105K11/220.47 mi10, Silksworth Terrace, Silksworth, Sunderland, Tyne And Wear SR3 2AT3
£120K07/210.47 mi11, High Tree Close, Sunderland, Tyne And Wear SR3 2UB3
£110K12/200.47 mi39, High Tree Close, Sunderland, Tyne And Wear SR3 2UB3
£133.2K04/230.47 mi2, High Tree Close, Sunderland, Tyne And Wear SR3 2UB3
£101K02/210.47 mi14, Silksworth Terrace, Sunderland, Tyne And Wear SR3 2AX3
£115K11/200.48 mi38, Plough Road, Sunderland, Tyne And Wear SR3 2UH3
£210K06/230.49 mi4, Perrycrofts, Sunderland, Tyne And Wear SR3 2TP3
£186.1K10/200.51 mi17, Craigwell Drive, Sunderland, Tyne And Wear SR3 2TR3
£162.5K02/210.51 mi16, Craigwell Drive, Sunderland, Tyne And Wear SR3 2TR3
£82K05/210.52 mi18, Castlereagh Street, Sunderland, Tyne And Wear SR3 1HJ3
£112.5K03/230.53 mi5, Edward Street, Silksworth, Sunderland, Tyne And Wear SR3 1EW3
£90K03/210.53 mi9, Tunstall Terrace, New Silksworth, Sunderland, Tyne And Wear SR3 1HH3
£122K04/230.56 mi21, Rodney Close, Sunderland, Tyne And Wear SR2 0AL3
£104.5K09/210.56 mi30, Rodney Close, Sunderland, Tyne And Wear SR2 0AL3
£90K03/230.58 mi14, Wynyard Street, Sunderland, Tyne And Wear SR3 1ER3
£157.5K08/230.59 mi21, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF3
£215K06/210.6 mi5, Runswick Close, Sunderland, Tyne And Wear SR3 2YG3
£250K12/200.61 mi5, Lawn Cottages, Silksworth, Sunderland, Tyne And Wear SR3 2PQ3
£150K02/230.61 mi5, Athol Grove, Sunderland, Tyne And Wear SR3 1ES3
£159.9K07/230.62 mi4, Deaconsfield Close, Sunderland, Tyne And Wear SR3 2SG3
£116K12/200.64 mi123, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£130K11/200.64 mi112, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3

Local Rents

17 rents from £650/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£1,55005/240.31 mi-3
£75007/240.4 mi-3
£70004/240.41 mi-3
£75009/240.41 miLord Street, Sunderland, Tyne And Wear, SR33
£75002/250.45 mi-3
£72509/240.48 miSilksworth Terrace, Sunderland3
£1,15010/240.52 mi-3
£75009/240.53 miEdward Street, Sunderland, Tyne And Wear, SR33
£95009/240.71 miCamberley Close, Tunstall3
£1,50002/240.77 mi-3
£1,50012/240.77 mi-3
£80009/240.83 mi-3
£65009/240.92 miSomerset Street, Sunderland, Tyne and Wear, SR33
£72509/230.95 mi-3
£1,25009/241.12 miCherry Brooks Way, Ryhope, Sunderland3
£1,30009/241.14 miWest Cherry Knowle Farm3
£69509/241.19 miArden Square, Farringdon, Sunderland South, SR3 3

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

2.68 miles away

Nearest school

0.10 miles away

Nearest train station

2.50 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £134,995

December 20, 2024

Description

  • 3 BEDROOM RENOVATION OPPORTUNITY +
  • NO CHAIN +
  • GARAGE & DRIVE +
  • EPC RATING D +
  • LOVELY SOUTH WEST FACING SUNNY REAR GARDEN NOT OVERLOOKED +
  • CLOSE TO GREAT SCHOOLS, AMENITIES & COMMUTING +
  • SOUGHT AFTER LOCATION +
  • SOLAR PANELS (more information on request) +

3 BEDROOM RENOVATION OPPORTUNITY - NO CHAIN - GARAGE & DRIVE - LOVELY SOUTH WEST FACING SUNNY REAR GARDEN NOT OVERLOOKED - CLOSE TO GREAT SCHOOLS, AMENITIES & COMMUTING - SOUGHT AFTER LOCATION …
Good Life Homes are delighted to bring to the market an excellent opportunity to acquire a 3 bedroom home at entry level price for this very popular and sought after location. Requiring updating (although the property does benefit from uPVC double-glazing in more recent years). The property also has gas central heating and a garage with internal door leading directly into the kitchen area. The rear garden is generous and benefits from an excellent aspect and isn’t overlooked by other properties and faces towards Burdon Road. Internally the accommodation briefly comprises; entrance hall, lounge, dining kitchen, 3 first floor bedrooms, bathroom, separate WC.
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 - 3 BEDROOM RENOVATION OPPORTUNITY - NO CHAIN - GARAGE & DRIVE - LOVELY SOUTH WEST FACING SUNNY REAR GARDEN NOT OVERLOOKED - CLOSE TO GREAT SCHOOLS, AMENITIES & COMMUTING - SOUGHT AFTER LOCATION …

Entrance Hall - Entrance via GRP double-glazed door. Carpet flooring, carpeted stairs to first floor, radiator, under stairs cupboard, door leading off to lounge.

Lounge - 4.34m x 3.48m (14'3 x 11'5) - Carpet flooring, gas fire, front facing white uPVC double-glazed window. Door leading off to dining kitchen.

Dining Kitchen - 5.41m x 2.67m (17'9 x 8'9) - Partially open plan to each other, there is a natural dining area with carpet flooring, double radiator, white uPVC double-glazed window with views over the garden, the kitchen area has carpet floor tiles, fitted kitchen with a range of wall and floor units in a medium oak-effect finish with laminate work surface. Double radiator, rear facing white uPVC double-glazed window, stainless steel sink, space for gas cooker, space and plumbing for a washing machine, space for a tall fridge/freezer, built-in cupboard providing some shelving and storage, uPVC double-glazed door leading out to garage.

First Floor Landing - Side facing white uPVC double-glazed window, loft hatch, built-in cupboard with shelving, 5 doors leading off, 1 to WC, 1 to bathroom and 3 to bedrooms.

Wc - 1.45m x 0.81m (4'9 x 2'8) - Carpet flooring, toilet with mid level cistern, side facing white uPVC double-glazed window.

Bathroom - 1.73m x 1.47m (5'8 x 4'10) - Laminate wood-effect flooring, radiator, wall mounted hand basin with chrome taps, bath with panel and chrome taps, shower electric over. The walls around the bath and sink area are finished in a ceramic tile, rear facing white uPVC double-glazed window with privacy glass. The bathroom and WC share a wall which has the potential to knock through into 1 room.

Bedroom 1 - 4.47m x 2.95m (14'8 x 9'8) - Carpet flooring, radiator, front facing white uPVC double-glazed window. Large double bedroom.

Bedroom 2 - 2.59m x 2.26m (8'6 x 7'5) - Measurements do not include depth of wardrobes, which add another 2ft approx. onto the size of the room.
Carpet flooring, radiator, rear facing white uPVC double-glazed window with pleasant views.

Bedroom 3 - 2.97m x 2.26m (9'9 x 7'5) - Large enough to accommodate a double bed.
Laminate wood-effect flooring, radiator, front facing white uPVC double-glazed window. Built-in cupboard providing some storage.

Single Garage - 5.21m x 2.74m (17'1 x 9'0) - Manual up and over garage door, corrugated roof, built-in additional storage cupboard, external door leading to rear garden.

Externally - There is a driveway leading to attached garage with manual up and over garage door. Low maintenance front garden with gravel.

The property benefits from a south and west facing aspect and overlooks greenery toward Burdon Road with a pleasant outlook.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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