3 Bed Terraced House, Single Let, Sunderland, SR2 8PF, £79,950

Corporation Road, Hendon, SR2 8PF - 3 months ago

Leasehold
BTL
ROI: 6%
~93 m²

ValuationUndervalued

Sold Prices£40K - £510K
Sold Prices/m²£405/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£860/m²

Value Estimate

£96,740
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£3,599

Total Cash In

£23,586

 

 

Cash Out

 

Rent Range

£595 - £3,500

Rent Estimate

£475

Running Costs/mo

£365

Cashflow/mo

£110

Cashflow/yr

£1,322

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £40K to £510K, average is £114K. £405/m² to £2.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£62K06/230.09 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£46K03/210.13 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£140K08/210.2 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£144K12/200.28 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.28 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£240K09/210.29 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£135K06/230.3 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.3 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£190K09/230.31 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£105K03/230.34 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3
£335K02/210.35 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£260K06/210.36 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£65.6K02/230.36 mi11, Tower Street West, Sunderland, Tyne And Wear SR2 8JY3
£68.4K05/210.37 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£140K06/210.4 mi76, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£72K08/210.4 mi35, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£80K04/210.42 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.42 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£216.5K11/200.43 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£73K01/230.43 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.43 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£110K11/200.46 mi8, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PE3
£96K12/200.46 mi25, Grange Street South, Sunderland, Tyne And Wear SR2 9QS3
£510K09/220.47 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£80K12/220.47 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£40K01/210.47 mi29, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£50K07/210.47 mi44, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£51.5K04/230.47 mi18, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£245K03/210.47 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£145K01/210.49 mi22, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PD3
£73K02/210.5 mi14, Margaret Street, Sunderland, Tyne And Wear SR2 9SB3
£125K11/200.52 mi43, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£150K06/210.52 mi27, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£86K09/210.52 mi131, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£100K05/210.52 mi121, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£65K01/210.52 mi155, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£95K02/230.52 mi139, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£155K07/230.54 mi26, Woodstock Avenue, Sunderland, Tyne And Wear SR2 9NT3
£108K08/230.56 mi5, Crossby Court, Sunderland, Tyne And Wear SR2 8BX3
£118K04/230.57 mi15, Westheath Avenue, Sunderland, Tyne And Wear SR2 9NR3
£97K12/200.57 mi5, Aysgarth Avenue, Sunderland, Tyne And Wear SR2 9RT3
£175K02/210.58 mi49, Victoria Avenue West, Sunderland, Tyne And Wear SR2 9PQ3
£97K12/200.59 mi4, Kitchener Terrace, Sunderland, Tyne And Wear SR2 9RR3
£102K10/200.6 mi20, St Aidans Avenue, Sunderland, Tyne And Wear SR2 9SF3
£247K03/210.63 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.63 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.63 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.63 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.63 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£164K02/210.63 mi5, Askrigg Avenue, Sunderland, Tyne And Wear SR2 9SG3

Local Rents

12 rents from £595/mo to £3.5K/mo, average is £715/mo.

RentDateDistanceAddressBeds 
£79501/250.08 mi-3
£65009/240.2 mi-3
£59501/250.2 mi-3
£65001/250.2 mi-3
£65009/240.2 miSaint Leonard Street, Sunderland, SR23
£3,50004/250.28 mi-3
£70012/240.4 mi-3
£73004/250.41 mi-3
£85009/240.45 miGrange Street South, Sunderland, Tyne and Wear, SR23
£87504/250.48 mi-3
£70009/240.57 miOswald Terrace, Grangetown, Sunderland3
£82509/240.58 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.20 miles away

Nearest school

0.30 miles away

Nearest train station

0.98 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £79,950

February 3, 2025

Floor Plans

Description

  • Ideal Investment With Tenant In Place +
  • Spacious Mid Terraced House +
  • Well Placed For Sunderland City Centre Amenities +
  • Gardens To The Front And Rear +
  • Gas Central Heating And Double Glazing +
  • Reference: 460844 +

Ideal Investment Opportunity - Tenanted Property!

Located on Corporation Road, Hendon, this three-bedroom mid-terraced home is perfect for investors seeking an immediate rental income. Conveniently positioned within easy reach of local shops, schools, and excellent transport links, the property also offers easy access to Sunderland City Centre amenities.

The ground floor features a spacious lounge with a bow window, a fitted kitchen and a family bathroom. Upstairs, three well-proportioned bedrooms provide ample living space. Externally, the property benefits from front and rear gardens. Additional features include double glazing and gas central heating.

With a tenant already in place, this is a hassle-free investment opportunity. Early viewing is highly recommended to secure this fantastic buy-to-let property!
ENTRANCE
Double glazed entrance door to the hallway.
LOUNGE 4.85m (15'11) x 4.42m (14'6)
Double glazed bow window, radiator, wood flooring.
KITCHEN 2.7m (8'10) x 4.01m (13'2)
Fitted with wall and floor units, stainless steel sink with mixer tap, plumbed for an automatic washing machine, electric oven, electric hob, extractor hood, combi boiler, double glazed window, double glazed door to the rear, radiator.
BATHROOM
White suite comprising of bath with shower over and shower screen, sink with vanity unit, low flush toilet. Double glazed window, tiled walls.
FIRST FLOOR LANDING
Loft hatch.
FRONT MASTER BEDROOM 4.82m (15'10) x 3.51m (11'6)
Double glazed window, radiator, laminate flooring, storage cupboard.
REAR DOUBLE BEDROOM 3.77m (12'4) x 3.17m (10'5)
Double glazed window, radiator, laminate flooring, storage cupboard.
REAR BEDROOM 4.21m (13'10) x 2.78m (9'1)
Double glazed window, laminate flooring, radiator, storage cupboard.
EXTERIOR
Front garden. The rear garden has paved patio, lawns.
AGENTS NOTES
We have been advised that the current tenant is paying £475pcm, we have not had written confirmation of this so any potential purchaser is advised to raise any enquiries prior to exchange of contracts taking place.
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.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 6 Mbps and a maximum download speed of 10000 Mbps at this postcode: SR2 8PF and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
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
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
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: TBC

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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