2 Bed Flat, Single Let, Sunderland, SR2 8HW, £59,950

7 Kensington House, 12-14 Gray Road, Sunderland SR2 8HW - 1 views - 3 months ago

Leasehold
BTL
ROI: 14%
67 m²
+2 photos

ValuationUndervalued

Sold Prices£35K - £190K
Sold Prices/m²£611/m² - £4.5K/m²

 

 

Square Metres

67 m²
Price/m²£895/m²

Value Estimate

£74,938
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,988

Stamp Duty & Legal Fees

£4,198

Total Cash In

£19,185

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£534

Running Costs/mo

£314

Cashflow/mo

£220

Cashflow/yr

£2,638

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £35K to £190K, average is £83.5K. £611/m² to £4.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£94K11/220.07 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£75K02/230.1 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£78K05/210.12 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/210.12 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£185K02/210.16 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£75K06/210.2 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£110K12/200.23 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£92.5K07/230.24 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/210.24 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/230.24 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£155K04/230.35 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/200.35 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£118K11/200.35 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£78K12/220.41 mi34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80.8K04/230.41 mi27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£88K01/210.41 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80K03/230.41 mi5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£82K06/230.41 mi50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£65K10/220.42 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£82K09/230.44 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£56.7K01/210.46 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£120K05/210.49 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£190K06/230.49 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/210.49 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/230.49 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£120K02/210.5 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/210.5 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£101K10/210.55 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.56 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£110K06/230.61 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K10/200.61 mi13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£53.5K09/230.62 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/200.62 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£50K11/220.63 miApartment 19, Biscop House, Villiers Street, Sunderland, Tyne And Wear SR1 1ER2
£72.5K02/210.7 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£149.9K08/210.71 mi4, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£153K09/220.71 mi2, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£96.5K09/220.71 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£68K06/210.71 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/210.71 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£75K08/230.75 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£71K12/200.76 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£60K02/210.77 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/230.77 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£35K10/230.84 miApartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£58.5K08/230.84 miApartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH2
£65K12/210.84 miApartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£82K12/200.85 mi39a, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£76K05/230.85 mi39, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£87K11/200.87 mi127, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ2

Local Rents

49 rents from £475/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£60009/240.01 miMoreland Place, Gray Road, Hendon, Sunderland, SR22
£69509/240.08 mi-2
£72009/240.08 mi-2
£72504/250.08 mi-2
£72504/250.08 mi-2
£84509/240.08 miThe Oaks, Sunderland, SR22
£97509/240.1 miMowbray Road, Ashbrooke, Sunderland2
£65009/240.11 mi(Formerly 1 Kensington House), Sunderland, Gray Road, Ashbrooke, SR22
£95009/240.14 mi-2
£80009/240.16 mi-2
£80009/240.16 mi-2
£55009/240.18 mi-2
£75004/250.2 mi-2
£47509/240.22 miVillette Road, Hendon, Sunderland2
£65009/240.25 miPark Hall, Sunderland, Ashbrooke, SR22
£58004/250.25 mi-2
£65009/240.26 mi1-4 Ashbrooke Terrace, Sunderland2
£75009/240.29 miThe Esplanade, Sunderland, SR22
£72509/240.29 mi-2
£57502/250.29 mi-2
£69011/240.3 mi-2
£62511/240.3 mi-2
£75001/250.32 mi-2
£2,00002/250.32 mi-2
£75002/250.34 mi-2
£75001/250.34 mi-2
£70009/240.34 miOrchard House, Belford Close, SUNDERLAND, SR22
£55009/240.35 mi-2
£65009/240.36 miGrange Crescent, Sunderland, Stockton Road, SR22
£70009/240.36 miSt Georges House, Ashbrooke, Sunderland, SR22
£75009/240.37 mi-2
£76509/240.37 miSaint Leonard Street, Sunderland, SR22
£65009/240.37 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£65009/240.37 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£77502/250.37 mi-2
£65009/240.37 miGrange Crescent, Stockton Road, Sunderland, SR22
£65009/240.37 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£69509/240.39 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£53504/250.39 mi-2
£90004/250.41 mi-2
£52508/240.42 mi-2
£55003/250.42 mi-2
£65504/250.42 mi-2
£70008/240.44 mi-2
£70010/240.44 mi-2
£75009/240.44 miEnnerdale, Ashbrooke2
£70009/240.44 mi-2
£69509/240.45 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£49509/240.45 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.74 miles away

Nearest school

0.30 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £59,950

January 24, 2025

Description

  • BUY TO LET INVESTMENT +
  • Council Tax Band B, Tenure - Leasehold +
  • Spacious First Floor Apartment +

A spacious, first floor, two double bedroom modern apartment presently tenanted and to be sold with the tenant in situ - therefore an excellent buy to let proposition. The development is located with easy access to the city centre with good bus services immediately outside the building. Modern features include gas central heating, double glazing, kitchen appliances , lift access and shower. Externally there is a large front courtyard with resident parking for one car.

Agent Details

Hackett Property, Sunderland

0191 625 0972

Next Steps?

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