2 Bed House, Motivated Seller, Sunderland, SR2 0FJ, £115,000

Burcombe Close, Cherry Tree Park, Sunderland, SR2 0FJ - 1 views - 2 months ago

Sold STC
Motivated
BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£50K - £250K
Sold Prices/m²£786/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£98,169

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Total Cash In

£33,400

 

 

Cash Out

 

Rent Range

£475 - £700

Rent Estimate

£481

Running Costs/mo

£476

Cashflow/mo

£5

Cashflow/yr

£65

ROI

0%

Gross Yield

5%

Local Sold Prices

29 sold prices from £50K to £250K, average is £103K. £786/m² to £2.8K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£105K04/210.35 mi84, Esdale, Sunderland, Tyne And Wear SR2 0JF2
£80K01/230.44 mi65, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£140K09/230.44 mi73, Bevan Avenue, Sunderland, Tyne And Wear SR2 0JH2
£50K04/210.57 mi41, Thomas Street South, Ryhope, Sunderland, Tyne And Wear SR2 0PD2
£50K03/210.57 mi11, Thomas Street South, Ryhope, Sunderland, Tyne And Wear SR2 0PD2
£101K01/210.58 mi2, Stewart Avenue, Sunderland, Tyne And Wear SR2 0JR2
£175K01/230.58 mi28, Regent Road, Ryhope, Sunderland, Tyne And Wear SR2 0PP2
£90K09/210.6 mi31, Smith Street, Ryhope, Sunderland, Tyne And Wear SR2 0RG2
£55K09/210.61 mi8, Thomas Street, Ryhope, Sunderland, Tyne And Wear SR2 0RF2
£73.5K11/200.61 mi47, Thomas Street, Ryhope, Sunderland, Tyne And Wear SR2 0RF2
£250K12/230.64 miSunnydale, Stockton Road, Seaham, County Durham SR7 0PB2
£83.5K02/230.65 mi4, John Street, Ryhope, Sunderland, Tyne And Wear SR2 0PR2
£117K07/230.69 mi29, Rushford, Sunderland, Tyne And Wear SR2 0BA2
£75K10/200.72 mi12, Scotland Street, Sunderland, Tyne And Wear SR2 0PY2
£92K08/230.72 mi6, Scotland Street, Sunderland, Tyne And Wear SR2 0PY2
£103K06/230.72 mi18, Western Hill, Ryhope, Sunderland, Tyne And Wear SR2 0AR2
£115K02/230.75 mi68, Shaftesbury Avenue, Sunderland, Tyne And Wear SR2 0AQ2
£150K05/230.78 mi15, Ravensworth, Sunderland, Tyne And Wear SR2 0AY2
£135K03/230.8 mi22, Runnymede, Sunderland, Tyne And Wear SR2 0BJ2
£118K03/210.83 mi5, Runnymede, Sunderland, Tyne And Wear SR2 0BL2
£126.8K06/210.84 mi45, Richmond, Sunderland, Tyne And Wear SR2 0BN2
£80.5K01/210.86 mi36, Skipsea View, Sunderland, Tyne And Wear SR2 0BX2
£80.5K01/210.86 mi36, Skipsea View, Sunderland, Tyne And Wear SR2 0BX2
£112.3K09/210.87 mi7, Larkhill, Sunderland, Tyne And Wear SR2 0DF2
£130K01/230.87 mi7, Larkhill, Sunderland, Tyne And Wear SR2 0DF2
£75K12/200.88 mi1, Richmond, Ryhope, Sunderland, Tyne And Wear SR2 0BW2
£106K07/230.89 mi21, Runcorn, Sunderland, Tyne And Wear SR2 0BP2
£97.5K01/210.89 mi50, Runcorn, Sunderland, Tyne And Wear SR2 0BP2
£110K03/230.91 mi3, Richmond, Ryhope, Sunderland, Tyne And Wear SR2 0BW2

Local Rents

11 rents from £475/mo to £700/mo, average is £585/mo.

RentDateDistanceAddressBeds 
£59509/240.44 miBeechbrooke, Ryhope, Sunderland2
£70009/240.55 miDinsdale Street, Sunderland, Tyne and Wear, SR22
£60007/240.61 mi-2
£58501/250.63 mi-2
£50003/250.85 mi-2
£47510/230.92 mi-2
£47508/240.92 mi-2
£59509/241 miTrevarren Drive, Sunderland2
£52508/231.09 mi-2
£65009/241.22 miByron Terrace, Seaham, SR72
£57508/231.24 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

3.41 miles away

Nearest school

0.40 miles away

Nearest train station

2.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £115,000

January 29, 2025

Description

  • 30% BELOW MARKET/RICS VALUE WITH £50,000 DISCOUNT +
  • BEAUTIFUL 2 DOUBLE BEDROOM MID LINK +
  • LOVELY POSITION WITHIN SOUGHT AFTER DEVELOPMENT +
  • EPC RATING B +
  • SOUTH FACING LANDSCAPED REAR GARDEN +
  • DRIVEWAY TO FRONT +
  • STYLISH KITCHEN WITH INTEGRATED APPLIANCES +
  • LOVELY BATHROOM +
  • RARE OPPORTUNITY ACT QUICKLY TO AVOID DISAPPOINTMENT +

30% BELOW MARKET/RICS VALUE - BEAUTIFUL 2 DOUBLE BEDROOM MID LINK - LOVELY POSITION WITHIN SOUGHT AFTER DEVELOPMENT - SOUTH FACING LANDSCAPED REAR GARDEN - DRIVEWAY TO FRONT - STYLISH KITCHEN WITH INTEGRATED APPLIANCES - LOVELY BATHROOM - RARE OPPORTUNITY ACT QUICKLY TO AVOID DISAPPOINTMENT…
Good Life Homes are delighted to bring to the market one of only a few “Discount of 30% to Market Value” homes on sought after Cherry Tree Park. This scheme allows first time buyers to acquire an affordable home which must always be 30% below market value verified by a member of RICS for peace of mind. Buyers can also benefit from future price increases but the property will always be 30% below market value when sold which also means that it’s likely to always sell fast should you wish to move in the future as borne out when we’ve sold a few others benefitting from this scheme. The purchase is just a regular purchase with a fixed price of £115,000 (a £50,000 discount from the RICS market value of £165,000). Briefly comprising; entrance hall, lounge, dining kitchen, 2 double bedrooms, bathroom, front driveway, rear garden. 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 that you’ll pay nothing 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 - 30% BELOW MARKET/RICS VALUE - BEAUTIFUL 2 DOUBLE BEDROOM MID LINK - LOVELY POSITION WITHIN SOUGHT AFTER DEVELOPMENT - SOUTH FACING LANDSCAPED REAR GARDEN - DRIVEWAY TO FRONT - STYLISH KITCHEN WITH INTEGRATED APPLIANCES - LOVELY BATHROOM - RARE OPPORTUNITY ACT QUICKLY TO AVOID DISAPPOINTMENT…

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

Lounge - 3.96m x 3.53m (13'0 x 11'7) - Measurements taken at widest points.
Carpet flooring, radiator, front facing white uPVC double-glazed window. This is a nice size lounge as can be seen from the photographs. Door leading off to internal hallway.

Internal Hallway - Carpet flooring, door leading off to WC, door leading off to dining kitchen.

Wc - 1.75m x 0.84m (5'9 x 2'9) - Vinyl tile-effect flooring, white sink with single pedestal and chrome tap, white toilet with low level cistern. Extractor fan.

Dining Kitchen - 4.47m x 2.79m (14'8 x 9'2) - Measurements taken at widest points.
Vinyl tile-effect flooring, large double radiator, built-in cupboard providing lots of additional storage, lovely white uPVC double-glazed patio doors with windows either side leading out to and with views over the garden, these provide lots of light into the kitchen. Modern fitted kitchen with a range of wall and floor units in a taupe coloured high gloss finish with contrasting laminate work surfaces. Stainless steel sink with single bowl, single drainer and matching Monobloc tap, integrated electric oven, 4 ring ceramic hob and feature extractor chimney in stainless steel finish and matching splash back. Integrated appliances including double fridge/freezer, dishwasher, washing machine and central heating boiler also hidden away within a cupboard, as can be seen from the photographs there is sufficient space for a small dining table and chairs.

First Floor Landing - Radiator, loft hatch, 3 doors leading off, 2 to bedrooms and 1 to bathroom.

Bedroom 1 - 3.56m x 3.35m (11'8 x 11'0) - Carpet flooring, radiator, front facing white uPVC double-glazed window, built-in cupboards providing a good degree of storage and hanging space. This is a double bedroom.

Bedroom 2 - 3.40m x 2.49m (11'2 x 8'2) - Carpet flooring, radiator, rear facing white uPVC double-glazed window. This is also a good size double bedroom.

Bathroom - 2.01m x 1.88m (6'7 x 6'2) - Vinyl tile-effect flooring, radiator, rear facing white uPVC double-glazed window with privacy glass. White bathroom suite comprising of, toilet with low level cistern, sink with single pedestal and chrome tap, bath with panel, chrome taps, separate shower fed from the main hot water system and glass shower screen over. Extractor fan and stylish tiling around the bath area.

Externally - Large single potentially double block paved driveway to the front.

The property benefits from a south facing rear garden with paved patio extending down the side and bottom of the garden with lovely, seated area, centrally placed lawn. Perimeter fencing to 3 sides and small garden shed for additional storage. This is a lovely sunny garden for enjoying outdoor space in the fine weather.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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