2 Bed Bungalow, Single Let, Sunderland, SR2 8SR, £55,000

Hastings Street, Sunderland, SR2 8SR - 2 months ago

Sold STC
BTL
ROI: 18%
~68 m²

ValuationUndervalued

Sold Prices£30K - £325K
Sold Prices/m²£396/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£56,759
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£550

Running Costs/mo

£302

Cashflow/mo

£248

Cashflow/yr

£2,978

ROI

18%

Gross Yield

12%

Local Sold Prices

50 sold prices from £30K to £325K, average is £52.5K. £396/m² to £3.5K/m², average is £857/m².

PriceDateDistanceAddressBeds 
£50K01/230 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K07/230 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K01/230.03 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£38K01/210.04 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£33K04/230.11 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£45K04/230.12 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£45K03/210.13 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.13 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.13 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£64K06/210.18 mi18, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£37.5K12/200.21 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.21 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£47K11/210.24 mi53, Mainsforth Terrace West, Sunderland, Tyne And Wear SR2 8JX2
£48K03/210.24 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.24 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£49K12/220.24 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£35.5K12/200.25 mi64, Tower Street West, Sunderland, Tyne And Wear SR2 8JY2
£55K07/230.28 mi37, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£36K07/210.28 mi39, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£120.7K11/200.32 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£34K04/230.32 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.32 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£182K01/210.34 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£39K05/210.38 mi21, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£46K07/210.39 mi12, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£156K09/230.45 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£153K11/200.48 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£150K02/210.48 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£43K03/210.49 mi22, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£65K05/230.49 mi23, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£54K04/210.52 mi9, Burlington Close, Sunderland, Tyne And Wear SR2 8AW2
£51K05/230.54 mi18, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£50K04/210.54 mi8, Coxon Street, Sunderland, Tyne And Wear SR2 8DX2
£46.8K12/220.54 mi30, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£75K06/210.56 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£165.8K08/210.58 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£110K01/210.61 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£85K02/210.62 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£75K06/210.64 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£85K12/220.64 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£73.5K01/210.65 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£115K12/210.65 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2
£65K06/230.66 mi7, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£83.3K10/220.66 mi15, Raine Grove, Sunderland, Tyne And Wear SR1 2LH2
£88K06/230.69 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£110K07/230.74 mi45, Helvellyn Road, Sunderland, Tyne And Wear SR2 9JJ2
£115K07/230.76 mi11, Hereford Court, Sunderland, Tyne And Wear SR2 9LD2
£179.9K11/200.83 mi173, Queen Alexandra Road, Sunderland, Tyne And Wear SR3 1XN2
£132.5K06/230.84 mi7, Ayton Avenue, Sunderland, Tyne And Wear SR2 9SN2
£325K03/230.85 mi10, Thristley Gardens, Sunderland, Tyne And Wear SR2 9BL2

Local Rents

41 rents from £475/mo to £2K/mo, average is £690/mo.

RentDateDistanceAddressBeds 
£47509/240.07 miVillette Road, Hendon, Sunderland2
£75009/240.1 mi-2
£76509/240.1 miSaint Leonard Street, Sunderland, SR22
£69011/240.11 mi-2
£55009/240.12 mi-2
£53504/250.13 mi-2
£55003/250.15 mi-2
£65504/250.15 mi-2
£52508/240.16 mi-2
£60009/240.2 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£70009/240.23 miOrchard House, Belford Close, SUNDERLAND, SR22
£58004/250.25 mi-2
£60009/240.28 miMoreland Place, Gray Road, Hendon, Sunderland, SR22
£65009/240.3 mi(Formerly 1 Kensington House), Sunderland, Gray Road, Ashbrooke, SR22
£59509/240.34 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£69509/240.36 mi-2
£72009/240.36 mi-2
£72504/250.36 mi-2
£72504/250.36 mi-2
£84509/240.36 miThe Oaks, Sunderland, SR22
£97509/240.38 miMowbray Road, Ashbrooke, Sunderland2
£95009/240.41 mi-2
£80009/240.41 mi-2
£80009/240.41 mi-2
£55009/240.43 mi-2
£65009/240.45 mi1-4 Ashbrooke Terrace, Sunderland2
£65009/240.47 miPark Hall, Sunderland, Ashbrooke, SR22
£62511/240.48 mi-2
£75004/250.48 mi-2
£57502/250.49 mi-2
£72509/240.54 mi-2
£65009/240.54 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£65009/240.54 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£75001/250.54 mi-2
£2,00002/250.54 mi-2
£75009/240.55 miThe Esplanade, Sunderland, SR22
£75002/250.57 mi-2
£75001/250.57 mi-2
£65002/250.61 mi-2
£75009/240.62 miEnnerdale, Ashbrooke2
£65009/240.62 miGrange Crescent, Sunderland, Stockton Road, SR22

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.74 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

February 4, 2025

Description

This two bedroom mid cottage offers excellent potential situated in the residential area of Hendon ideally located for all local amenities, the property boasts transport links to Sunderland City Centre and local road networks.

This property is arranged over one level and comprises of an entrance porch, entrance hall, two bedrooms, lounge, inner hall, dining room, kitchen and bathroom all benefiting from solid fuel central heating and partial double glazing. Externally there is an enclosed yard to the rear.

The property is to be sold as an investment opportunity with the existing tenants in situ. Further details available upon request.

Ground Floor
Entrance Vestibule
Timber/glazed door to
Entrance Hall
Bedroom 1
13'10 x 12'7 (4.22m x 3.84m)
Bedroom 2
11'4 x 5'10 (3.45m x 1.78m)
Lounge
14'7 x 9'10 (4.45m x 3.00m)
Inner Hall
Loft access.
Dining Room
10'11 x 7'10 (3.33m x 2.39m)
Kitchen
7'6 x 8'1 (2.29m x 2.46m)
Bathroom
8'3 x 5'5 (2.51m x 1.65m)

Agent's Notes
Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating: Gas Central Heating
Broadband: Ultrafast 1000 Mbps, Superfast 1000 Mbps
Tenure: Freehold
Council Tax: Sunderland County Council, Band A
Energy Rating: C

Call Bradley Hall Sunderland on for more information or to arrange a viewing.

Agent Details

Bradley Hall, Sunderland

0191 563 4242

Next Steps?

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