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

Tower Street, Hendon, SR2 8NF - 3 months ago

Sold STC
Leasehold
BTL
ROI: 15%
~68 m²
+4 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

£54,326

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

£509

Running Costs/mo

£294

Cashflow/mo

£215

Cashflow/yr

£2,584

ROI

15%

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 
£46K07/210.05 mi12, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£39K05/210.06 mi21, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£35.5K12/200.12 mi64, Tower Street West, Sunderland, Tyne And Wear SR2 8JY2
£55K07/230.13 mi37, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£36K07/210.13 mi39, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£47K11/210.13 mi53, Mainsforth Terrace West, Sunderland, Tyne And Wear SR2 8JX2
£54K04/210.19 mi9, Burlington Close, Sunderland, Tyne And Wear SR2 8AW2
£51K05/230.23 mi18, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£46.8K12/220.23 mi30, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£64K06/210.24 mi18, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£43K03/210.24 mi22, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£65K05/230.24 mi23, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£45K04/230.3 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£38K01/210.33 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£50K01/230.34 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£50K04/210.35 mi8, Coxon Street, Sunderland, Tyne And Wear SR2 8DX2
£83.3K10/220.36 mi15, Raine Grove, Sunderland, Tyne And Wear SR1 2LH2
£50K01/230.37 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K07/230.37 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£45K03/210.38 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.38 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.38 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£33K04/230.4 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£49K12/220.44 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£48K03/210.44 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.44 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£37.5K12/200.48 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.48 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£34K04/230.55 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.55 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£120.7K11/200.65 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£156K09/230.67 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£182K01/210.67 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£48K08/210.69 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£48K08/210.7 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£65K06/230.72 mi7, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£110K01/210.76 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£75K06/210.84 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£150K02/210.84 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£153K11/200.84 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£85K02/210.89 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£85K12/220.91 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£75K06/210.94 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£165.8K08/210.94 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£88K06/230.95 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£73.5K01/210.96 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£115K12/210.99 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2

Local Rents

40 rents from £475/mo to £975/mo, average is £665/mo.

RentDateDistanceAddressBeds 
£55009/240.07 mi-2
£58004/250.12 mi-2
£62511/240.19 mi-2
£65009/240.23 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£65009/240.23 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£57502/250.24 mi-2
£69011/240.27 mi-2
£55009/240.28 mi-2
£80009/240.3 mi-2
£80009/240.3 mi-2
£47509/240.32 miVillette Road, Hendon, Sunderland2
£97509/240.33 miMowbray Road, Ashbrooke, Sunderland2
£60009/240.33 miMoreland Place, Gray Road, Hendon, Sunderland, SR22
£72504/250.35 mi-2
£84509/240.35 miThe Oaks, Sunderland, SR22
£69509/240.35 mi-2
£72009/240.35 mi-2
£72504/250.35 mi-2
£76509/240.37 miSaint Leonard Street, Sunderland, SR22
£75009/240.37 mi-2
£53504/250.37 mi-2
£52508/240.38 mi-2
£55003/250.4 mi-2
£65504/250.4 mi-2
£65009/240.43 mi(Formerly 1 Kensington House), Sunderland, Gray Road, Ashbrooke, SR22
£60009/240.43 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£95009/240.44 mi-2
£75004/250.45 mi-2
£90004/250.48 mi-2
£75009/240.56 miThe Esplanade, Sunderland, SR22
£80009/240.56 miCity Apartments, Borough Road, Sunderland2
£70009/240.56 miOrchard House, Belford Close, SUNDERLAND, SR22
£65009/240.57 miPark Hall, Sunderland, Ashbrooke, SR22
£72509/240.58 mi-2
£65009/240.58 mi1-4 Ashbrooke Terrace, Sunderland2
£59509/240.59 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£50009/240.61 mi-2
£50009/240.61 mi-2
£72509/240.62 miHawksley House, 26-29 John Street, Sunderland, SR12
£67509/240.62 miHawksley House, 26-29 John Street, Sunderland, SR12

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.73 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

January 10, 2025

Description

  • Available With No Chain Involved +
  • Presented To A Good Standard +
  • Useful Loft Space For Storage +
  • Stylish Kitchen And Attractive Bathroom +
  • Good Sized Yard To The Rear +
  • Reference: 442595 +

Tower Street, Hendon - Dormer Cottage for Sale With No Chain!

Discover this dormer cottage on Tower Street, Hendon, offered with no onward chain. Presented to a good standard, the property boasts modern, neutral decor throughout. The stylish fitted kitchen and stunning contemporary bathroom enhance its appeal. There is useful loft space for storage purposes. Double glazing and combi gas central heating provide comfort year-round. Externally, a generous rear yard offers versatile outdoor space. Situated with convenient access to Sunderland City Centre, local schools, shops, and excellent bus links, this home is ideal for first-time buyers, small families, or investors. Ready to move into! Don't miss this fantastic opportunity.
ENTRANCE
Double glazed entrance door to the hallway which has stairs to the first floor, radiator, storage cupboard.
FRONT MASTER BEDROOM 3.62m (11'11) x 4.37m (14'4)
Double glazed window, radiator.
REAR BEDROOM 3.19m (10'6) x 2.05m (6'9)
Double glazed window, radiator.
LOUNGE 4.2m (13'9) x 3.52m (11'7)
Double glazed window, radiator.
KITCHEN 2.15m (7'1) x 4.23m (13'11)
Fitted with a range of wall and floor units, electric oven, electric hob, extractor hood, radiator, stainless steel sink with mixer tap, combi boiler, two double glazed windows, plumbed for an automatic washing machine, tiled splashback.
REAR LOBBY
Double glazed door to the yard.
BATHROOM
Panelled bath with shower over and shower screen, sink with vanity unit, low flush toilet, chrome radiator, double glazed window, part tiled walls.
FIRST FLOOR LANDING
Storage cupboard.
LOFT SPACE 4.86m (15'11) x 3.87m (12'8)
Double glazed window, carpet, radiator, lights and power.
EXTERIOR
Yard to the rear.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: E
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 14 Mbps and a maximum download speed of 1000 Mbps at this postcode: SR2 8NF and mobile coverage is provided by Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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