2 Bed Flat, Single Let, Sunderland, SR6 9RA, £55,000

Sandringham Terrace, Roker, Sunderland, SR6 9RA - 3 months ago

Sold STC
Auction
BTL
ROI: 10%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£55K - £290K
Sold Prices/m²£808/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£67,650
BMV23%

Cashflows

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£26,073

Total Cash In

£45,038

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Rent Range

£600 - £2,000

Rent Estimate

£703

Running Costs/mo

£332

Cashflow/mo

£371

Cashflow/yr

£4,446

ROI

10%

Gross Yield

15%

Local Sold Prices

50 sold prices from £55K to £290K, average is £123.5K. £808/m² to £3.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£69K03/230 mi29, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£70K01/210 mi15, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£83K08/230.02 mi1, Westburn Terrace, Sunderland, Tyne And Wear SR6 9RB2
£101K09/220.04 mi16, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£86K04/210.04 mi19, Goalmouth Close, Sunderland, Tyne And Wear SR6 9TR2
£74K07/210.06 mi43, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£75.5K11/200.06 mi17, Sandringham Terrace, Sunderland, Tyne And Wear SR6 9RA2
£84K04/210.09 mi22, Turnstile Mews, Sunderland, Tyne And Wear SR6 9TP2
£105K09/220.09 mi25, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£100K02/230.09 mi24, Association Road, Sunderland, Tyne And Wear SR6 9QG2
£72K12/230.1 mi10, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£82.5K01/210.1 mi26, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ2
£115K10/230.11 mi12, Ashdale Court, Sunderland, Tyne And Wear SR6 9SZ2
£77K06/230.21 mi102a, Gladstone Street, Sunderland, Tyne And Wear SR6 0JA2
£94K07/210.22 mi71, Bede Street, Sunderland, Tyne And Wear SR6 0NT2
£103K02/210.22 mi69, Bede Street, Sunderland, Tyne And Wear SR6 0NT2
£105K08/210.29 mi9, Park Gate, Sunderland, Tyne And Wear SR6 9PW2
£118K07/220.33 mi13, Park Gate, Sunderland, Tyne And Wear SR6 9PW2
£159.9K03/230.41 mi33, Bloomfield Court, Sunderland, Tyne And Wear SR6 0RA2
£135K06/220.43 mi7, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£191K07/220.43 mi9, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£173K06/210.43 mi24, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£157K06/240.43 mi11, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£148.8K06/240.43 mi27, Hamilton Court, Sunderland, Tyne And Wear SR6 0RD2
£148.5K07/240.43 mi5, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£149K08/230.43 mi10, Beacon Drive, Sunderland, Tyne And Wear SR6 0RJ2
£97.5K03/210.43 mi35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£97.5K03/210.43 mi35, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£240K10/220.43 mi16, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£122K04/230.43 mi37, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£151K01/230.43 mi36, Bromarsh Court, Sunderland, Tyne And Wear SR6 0RN2
£147.5K08/220.48 mi15, Haven Court, Sunderland, Tyne And Wear SR6 0RL2
£175K02/240.48 mi18, Liddell Court, Sunderland, Tyne And Wear SR6 0RH2
£170K11/200.48 mi12, Liddell Court, Sunderland, Tyne And Wear SR6 0RH2
£177K11/230.48 mi15, Liddell Court, Sunderland, Tyne And Wear SR6 0RH2
£163.5K04/240.51 mi8, Wheatsheaf Court, Sunderland, Tyne And Wear SR6 0RF2
£74K07/210.55 mi45, Hampden Road, Sunderland, Tyne And Wear SR6 9QH2
£225K09/210.55 mi14, Hallgarth Court, Sunderland, Tyne And Wear SR6 0RG2
£150.5K01/240.55 mi37, Hallgarth Court, Sunderland, Tyne And Wear SR6 0RG2
£125K08/220.56 mi35, Topcliff, Sunderland, Tyne And Wear SR6 0QD2
£125.3K02/240.56 mi22, Topcliff, Sunderland, Tyne And Wear SR6 0QD2
£257K05/210.58 mi2, Cliffe Court, Sunderland, Tyne And Wear SR6 9NT2
£215K10/200.58 mi3, Cliffe Court, Sunderland, Tyne And Wear SR6 9NT2
£221K11/220.59 mi1, Cliffe Court, Sunderland, Tyne And Wear SR6 9NT2
£290K06/230.59 mi6, Cliffe Court, Sunderland, Tyne And Wear SR6 9NT2
£175K01/240.61 mi8, Orchard Court, Sunderland, Tyne And Wear SR6 8NR2
£130K02/220.68 mi16, Viewforth Terrace, Sunderland, Tyne And Wear SR5 1PZ2
£55K03/230.69 mi84, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£71K06/230.69 mi82, Howick Park, Sunderland, Tyne And Wear SR6 0DE2
£65K11/220.69 mi80, Howick Park, Sunderland, Tyne And Wear SR6 0DE2

Local Rents

26 rents from £600/mo to £2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£2,00011/240.2 mi-2
£1,75003/250.2 mi-2
£2,00011/240.2 mi-2
£2,00011/240.2 mi-2
£75003/250.23 mi-2
£75009/240.25 miHartington Street, Sunderland, Tyne and Wear, SR62
£99509/240.26 miLaburnum Road, Sunderland, SR62
£95009/240.28 miAshberry Grove, Roker2
£75003/250.35 mi-2
£85002/250.36 mi-2
£89002/240.36 mi-2
£70008/240.38 mi-2
£95009/240.41 miRoker Terrace, Roker, Sunderland2
£95009/240.41 mi-2
£85009/240.41 miRoker Terrace, Sunderland, Tyne and Wear, SR62
£85009/240.42 miBeacon Drive, North Haven, Sunderland2
£79509/240.44 miMarina Avenue, Fulwell2
£87509/240.46 miLiddell Court, Sunderland2
£80003/250.53 mi-2
£87509/240.55 miHallgarth Court, North Haven2
£65009/240.55 miSea Road, Fulwell2
£72509/240.56 miTopcliff2
£60010/230.59 mi-2
£65009/240.6 miRoss Street, Sunderland2
£80009/240.61 miLaindon Avenue, Fulwell2
£82509/240.61 miAshmore House2

Local Area Statistics

Population in SR6

30,268

Population in Sunderland

183,740

Town centre distance

2.14 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Price changed to £55,000

February 8, 2025

Listed for £69,950

January 9, 2025

Description

  • Ground Floor Flat +
  • Two Bedrooms +
  • For Sale By Online Auction +
  • Retaining Some Appealing Character Features +
  • Benefitting From Double Glazing +
  • Council Tax A +
  • Private Yard To The Rear +
  • Ideal Location For The Sea Front, Roker Park And Local Amenities +
  • Excellent Transport Connections +
  • No Upper Chain, Viewing Is A Must! +

For Sale by Modern Method of Auction; Starting Bid Price £55,000 plus reservation Fee.
This two bedroom ground floor flat, provides an excellent opportunity for the new owner to upgrade and modernise to their own requirements. Internally the accommodation retains some appealing character features and includes hall, lounge, kitchen, bathroom/wc and two bedrooms. Benefits of the property include double glazed windows and a private yard to the rear. This location is ideal for access to local shops and schools, as well as the sea front, Roker Park and excellent transport connections. With immediate vacant possession and no upper chain involved, early viewing is essential!

Ground Floor - Access via UPVC door with an inner wooden door to

Entrance Hall - With a storage cupboard and doors to bedroom one and to the lounge.

Lounge - 4.09 x 3.34 (13'5" x 10'11") - With a double glazed window to the rear, feature fireplace, 2x storage cupboards and doors leading to bedroom two and to the kitchen.

Kitchen - 3.31 x 2.15 (10'10" x 7'0") - Wall and base units with a single bowl sink and drainer, UPVC door and a double glazed window to the rear, there is a door to the bathroom.

Bathroom - With a low level WC, hand wash basin and a bath.

Bedroom 1 - 4.09 x 3.95 (13'5" x 12'11") - Double glazed window to the front and a feature fireplace.

Bedroom 2 - 2.97 x 2.43 (9'8" x 7'11") - Double glazed window to the rear.

Outside - Low maintenance rear courtyard.

Tenure Freehold - We are advised by the Vendors that the property is Freehold. Any prospective purchaser should clarify this with their Solicitor.

Council Tax Band - The Council Tax Band is Band A.

Important Notice - Peter Heron Ltd for themselves and for the vendors of this property whose agents they are, give notice that:-
The particulars are set out for general guidance only for the intending Purchasers and do not constitute part of an offer or contract. Whilst we endeavour to make our sales particulars accurate and reliable, if there is anything of particular importance which you feel may influence your decision to purchase, please contact the office and we will be pleased to check the information. Do so particularly, if contemplating travelling some distance to view the property.
All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, however any intending purchasers should not rely on them that statements are representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Independent property size verification is recommended.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. No person in the employment of Peter Heron Ltd has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor to enter into any contract on behalf of Peter Heron Ltd, nor into any contract on behalf of the Vendor. The copyright of all details and photographs remain exclusive to Peter Heron Ltd.
Please note that in the event the purchaser uses the services of Peter Heron Conveyancing in the purchase of their home, Peter Heron Ltd will be paid a completion commission of £210.00 by Movewithus Ltd.

Sea Road Viewings - To arrange an appointment to view this property please contact our Sea Road branch on or book viewing online at peterheron.co.uk

Opening Times - Monday to Friday 9.00am - 5.00pm Saturday 9.00am - 12noon

Ombudsman - Peter Heron Estate Agents are members of The Property Ombudsman and subscribe to The Property Ombudsman Code of Practice.

Agent Details

Peter Heron Residential Sales and Lettings, Fulwell

0191 607 1282

Next Steps?

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