2 Bed Flat, Single Let, Sunderland, SR2 7NR, £60,000

20 The Croft, Thornholme Road, Sunderland, Tyne and Wear, SR2 7NR - 2 months ago

Leasehold
Auction
BTL
ROI: 16%
80 m²
+3 photos

ValuationUndervalued

Sold Prices£39K - £190K
Sold Prices/m²£609/m² - £4.5K/m²

 

 

Square Metres

80 m²
Price/m²£750/m²

Value Estimate

£73,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£450 - £2,000

Rent Estimate

£553

Running Costs/mo

£318

Cashflow/mo

£235

Cashflow/yr

£2,819

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £39K to £190K, average is £82K. £609/m² to £4.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£110K06/230.03 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K10/200.03 mi13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£120K05/210.15 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£68K06/210.18 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/210.18 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£96.5K09/220.18 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£82K09/230.19 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£72.5K02/210.19 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£65K10/220.2 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£60K02/210.21 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/230.21 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£56.7K01/210.22 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£71K12/200.22 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£120K02/210.22 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/210.22 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£75K08/230.22 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£80K03/220.29 mi17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£190K06/230.31 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/210.31 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/230.31 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£80K01/220.32 mi22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£71K04/220.32 mi21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£72.5K12/210.33 mi28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£85.5K07/220.33 mi29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£39K09/210.33 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£39K09/210.33 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£74.3K05/240.33 mi36, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£82K05/210.33 mi20, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£118K11/200.38 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£92.5K07/230.38 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/210.38 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/230.38 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£110K12/200.38 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£155K04/230.42 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/200.42 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£53.5K09/230.45 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/200.45 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£75K06/210.5 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£185K02/210.53 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£75K02/230.54 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£78K05/210.55 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/210.55 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£94K11/220.59 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£80.8K04/230.63 mi27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£88K01/210.63 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80K03/230.63 mi5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£82K06/230.63 mi50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£78K12/220.63 mi34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£101K10/210.69 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.69 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2

Local Rents

51 rents from £450/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£80010/240 mi-2
£71501/250 mi-2
£85004/250 mi-2
£87512/240.08 mi-2
£70009/240.09 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£67509/240.13 mi5 Thornhill Gardens, Sunderland, SR22
£75009/240.17 miLeopold House, Albert Court, Sunderland, SR22
£69509/240.18 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£85009/240.18 mi-2
£69509/240.19 miAlbert Court, Royal Courts, Sunderland2
£75009/240.19 miArgyle Square, Sunderland, SR22
£70010/240.2 mi-2
£70009/240.2 mi-2
£75008/240.21 mi-2
£75009/240.21 mi-2
£75002/250.21 mi-2
£49509/240.21 mi-2
£49511/240.21 mi-2
£49511/240.21 mi-2
£70001/250.22 mi-2
£70002/250.22 mi-2
£68511/240.22 mi-2
£68511/240.22 mi-2
£70011/240.22 mi-2
£67512/240.23 mi-2
£70008/240.23 mi-2
£75009/240.23 miEnnerdale, Ashbrooke2
£70010/240.23 mi-2
£1,10002/250.24 mi-2
£70003/250.24 mi-2
£70009/240.24 mi-2
£70009/240.25 mi-2
£70003/250.25 mi-2
£70009/240.25 miArgyle Square, Sunderland, SR22
£45009/240.25 miArgyle Street, City Centre, Sunderland2
£1,99501/250.27 mi-2
£75009/240.27 miSummerhill, Thornhill, Sunderland, SR22
£75002/250.28 mi-2
£75001/250.28 mi-2
£69509/240.29 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£65009/240.29 miGrange Crescent, Stockton Road, Sunderland, SR22
£65009/240.29 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£75001/250.3 mi-2
£2,00002/250.3 mi-2
£77502/250.3 mi-2
£70009/240.31 miSt Georges House, Ashbrooke, Sunderland, SR22
£65009/240.31 miGrange Crescent, Sunderland, Stockton Road, SR22
£87509/240.32 miWillow Green, Ashbrooke, Sunderland, SR22
£72509/240.34 mi-2
£75009/240.36 miThe Esplanade, Sunderland, SR22
£79509/240.37 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.12 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £60,000

February 1, 2025

Description

  • Two Bedroom Second Floor Flat +
  • En Suite Shower Room to Master Bedroom +
  • Private Gated Courtyard with allocated car parking space +
  • Vacant possession - no chain +
  • Within walking distance of Sunderland City Centre +

TO BE OFFERED BY ONLINE AUCTION ON 05/03/2025 10:30

As an auction property the details are subject to change. Please check our website for any updates or addendum entries.

Description
* VIDEO TOUR AVAILABLE UPON ON REQUEST * The property comprises a vacant two bedroom second floor flat within a modern purpose built development, benefiting from double glazing, central heating (not tested), en suite shower to the master bedroom and a parking space within a private gated courtyard.

Location
Location
The development is located within walking distance to Sunderland City Centre with ample bus routes, shops and amenities. The property is also well placed for transport links giving easy access to Gateshead and Durham making it perfect for commuters.

Accommodation
Open Plan Lounge/Kitchen, Two Bedrooms, Bathroom/W.C and En Suite Shower Room/W.C (to Master)

Outside
Secure gated car courtyard with allocated car parking space and visitor car parking.

Tenure
The property is held Leasehold for a term of 125 years from January 2004.

EPC
Energy Performance Asset Rating - C

Buyer's Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.

Additional Information
1. Please note the property was inspected and photographed in March 2024.

2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

Agent Details

Landwood Group, Manchester

0161 524 9187

Next Steps?

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