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2 Bed Flat, Single Let, Sunderland, SR5 4PW, £62,000

Blackwood Road, Sunderland, SR5 4PW - 2 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 15%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£35K - £254K
Sold Prices/m²£539/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£910/m²

Value Estimate

£74,400
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,500

Stamp Duty & Legal Fees

£3,060

Total Cash In

£18,560

 

 

Cash Out

 

Rent Range

£520 - £750

Rent Estimate

£563

Running Costs/mo

£326

Cashflow/mo

£237

Cashflow/yr

£2,840

ROI

15%

Gross Yield

11%

Local Sold Prices

45 sold prices from £35K to £254K, average is £92K. £539/m² to £2.8K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£60K04/210.3 mi71, Hylton Lane, Sunderland, Tyne And Wear SR5 4EA2
£41K11/220.38 mi47, King Henry Court, Sunderland, Tyne And Wear SR5 4PA2
£35K07/220.39 mi11, King Charles Court, Sunderland, Tyne And Wear SR5 4PD2
£38.8K09/210.42 mi18, King James Court, Sunderland, Tyne And Wear SR5 4PB2
£43K01/240.45 mi4, King James Court, Sunderland, Tyne And Wear SR5 4PB2
£175K10/210.98 mi1, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£135K02/230.98 mi17, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£171K08/230.98 mi25, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£180K10/210.98 mi22, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£169K04/220.98 mi16, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£173K12/210.99 mi24, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£181K09/210.99 mi4, Ascot Court, West Boldon, East Boldon, Tyne And Wear NE36 0DA2
£102.5K10/211.08 mi9, Hamilton Terrace, West Boldon, East Boldon, Tyne And Wear NE36 0PP2
£102.5K10/211.08 mi9, Hamilton Terrace, West Boldon, East Boldon, Tyne And Wear NE36 0PP2
£140K06/221.08 mi91, Addison Road, West Boldon, East Boldon, Tyne And Wear NE36 0QZ2
£254K05/211.15 miElmwood Cottage, Dipe Lane, East Boldon, Tyne And Wear NE36 0PJ2
£42K05/221.37 mi173, Arnold Street, Boldon Colliery, Tyne And Wear NE35 9BA2
£55K01/211.38 mi2, East View, Boldon Colliery, Tyne And Wear NE35 9AY2
£97.5K12/221.48 mi20, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£76K08/231.48 mi18, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£80K07/211.48 mi30, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£70K06/231.48 mi8, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£74K04/231.48 mi23, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£76K10/201.48 mi31, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£70K01/211.48 mi14, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£133K09/211.5 mi19, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£76K07/221.5 mi17, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£80K12/221.5 mi29, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£85K07/221.51 mi1, Ford Lodge, South Hylton, Sunderland, Tyne And Wear SR4 0QF2
£92K07/221.51 mi6, Helmesley Court, Sunderland, Tyne And Wear SR5 5HH2
£127.5K10/201.51 mi17, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£124K11/211.51 mi15, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£124K11/211.51 mi15, Dunelm Grange, Boldon Colliery, Tyne And Wear NE35 9AB2
£160K12/231.55 mi22, Front Street, East Boldon, Tyne And Wear NE36 0SN2
£174.5K06/231.55 mi20, Front Street, East Boldon, Tyne And Wear NE36 0SN2
£52K10/201.58 mi8, Pages Buildings, Boldon Colliery, Tyne And Wear NE35 9AH2
£200K05/211.69 mi11, St Bedes, East Boldon, Tyne And Wear NE36 0LE2
£119.5K08/211.7 mi48, Toppings Street, Boldon Colliery, Tyne And Wear NE35 9HX2
£169.9K03/231.73 mi29, Burnham Grove, East Boldon, Tyne And Wear NE36 0DU2
£92K10/221.83 mi49, Hedworth Lane, Boldon Colliery, Tyne And Wear NE35 9HZ2
£78.6K06/231.86 mi44, Hedworth Lane, Boldon Colliery, Tyne And Wear NE35 9HS2
£39.5K11/201.87 mi27, Lyndhurst Terrace, Sunderland, Tyne And Wear SR4 6SQ2
£69K12/231.87 mi29, Langholm Court, East Boldon, Tyne And Wear NE36 0JZ2
£98K08/241.87 mi30, Langholm Court, East Boldon, Tyne And Wear NE36 0JZ2
£72K02/231.88 mi12, Langholm Court, East Boldon, Tyne And Wear NE36 0JZ2

Local Rents

17 rents from £520/mo to £750/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£57510/230 mi-2
£57510/230 mi-2
£59501/250 mi-2
£65009/240.05 miBingley Street, Town End Farm, Sunderland2
£55006/240.15 mi-2
£60009/240.21 miBaxter Road, Sunderland, Tyne And Wear, SR52
£59503/250.22 mi-2
£69507/240.22 mi-2
£65009/240.25 miBognor Street, Sunderland, SR52
£75012/240.27 mi-2
£52004/240.36 mi-2
£52003/250.37 mi-2
£62502/250.38 mi-2
£62509/240.49 miKildare Square, Sunderland2
£65007/240.56 mi-2
£65010/240.57 mi-2
£69512/240.62 mi-2

Links

Local Area Statistics

Population in SR5

34,580

Population in Sunderland

183,740

Town centre distance

2.23 miles away

Nearest school

0.10 miles away

Nearest train station

1.61 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £62,000

December 20, 2024

Description

  • Perfect Opportunity For Investors +
  • Ground Floor Flat +
  • Possible Tenant In Situ +
  • Communal Gardens +
  • 900+ Years On Lease +
  • Close To Schools +
  • Close To Hospital +

Located on the ever-popular Blackwood Road, this 2-bedroom ground floor flat offers a fantastic opportunity for investors, with the potential for a tenant already in situ. Situated close to Bexhill Academy, Bunny Hill Surgery, and an array of local amenities, this property combines convenience with potential rental income.

The flat boasts a well-proportioned layout, including a spacious living area, a functional kitchen, and two good-sized bedrooms. The bathroom is neatly presented, providing all the essentials for comfortable living.

To the rear, you'll find a communal garden—a perfect shared outdoor space for relaxation or light gardening.

Whether you're looking to expand your property portfolio or seeking a low-maintenance home in a convenient location, this flat ticks all the boxes.

Don’t miss out on this fantastic investment opportunity! Contact us today to arrange a viewing.

3 Mbps Standard

94 Mbps Superfast

1000 Mbps Ultrafast

Agent Details

Browns Estate Agents, South Shields

0191 406 3441

Next Steps?

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

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