2 Bed Flat, Single Let, Sunderland, SR2 0DY, £50,000

59 Edgmond Court, Sunderland, Tyne and Wear SR2 0DY - 2 months ago

Sold STC
Leasehold
BTL
ROI: 16%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£37K - £190K
Sold Prices/m²£592/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£60,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Total Cash In

£15,200

 

 

Cash Out

 

Rent Range

£475 - £765

Rent Estimate

£475

Running Costs/mo

£271

Cashflow/mo

£204

Cashflow/yr

£2,445

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £37K to £190K, average is £85.3K. £592/m² to £4.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£55.2K01/230.37 mi20, Trevarren Drive, Sunderland, Tyne And Wear SR2 0YZ2
£65K01/230.42 mi16, Padstow Close, Sunderland, Tyne And Wear SR2 0YP2
£87K11/200.52 mi127, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HZ2
£82K12/200.52 mi39a, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£76K05/230.52 mi39, Aylesford Mews, Sunderland, Tyne And Wear SR2 9HY2
£80K11/200.57 mi12, Skipsea View, Sunderland, Tyne And Wear SR2 0BX2
£149.9K08/210.67 mi4, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£153K09/220.67 mi2, Moorhill Court, Sunderland, Tyne And Wear SR2 9DE2
£100K12/220.78 mi85, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£76.5K05/230.78 mi77, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£91K08/230.78 mi60, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85.5K08/210.78 mi57, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85K12/220.78 mi63, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£85K12/220.78 mi76, Beechbrooke, Ryhope, Sunderland, Tyne And Wear SR2 0NZ2
£78K12/221.05 mi34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80.8K04/231.05 mi27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£88K01/211.05 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£80K03/231.05 mi5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£82K06/231.05 mi50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2
£37K03/231.16 mi42, Blind Lane, Sunderland, Tyne And Wear SR3 1AS2
£53.5K09/231.23 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/201.23 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£155K04/231.26 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/201.26 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£78K05/211.3 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/211.3 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£118K11/201.31 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£94K11/221.31 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£75K02/231.33 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£190K06/231.35 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/211.35 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/231.35 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£92.5K07/231.41 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/211.41 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/231.41 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£120K02/211.43 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/211.43 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£110K12/201.45 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£125K04/221.49 mi11, Cranbrook, Sunderland, Tyne And Wear SR3 1DL2
£185K02/211.51 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£70K10/201.53 mi44, Ravelston Close, Sunderland, Tyne And Wear SR3 2PL2
£120K05/211.53 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£75K06/211.53 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£82K09/231.58 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£65K10/221.58 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£110K06/231.62 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K10/201.62 mi13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£56.7K01/211.66 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£85.5K07/221.76 mi29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£72.5K12/211.76 mi28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2

Local Rents

26 rents from £475/mo to £765/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£47510/230.34 mi-2
£47508/240.34 mi-2
£59509/240.37 miTrevarren Drive, Sunderland2
£52508/230.44 mi-2
£50003/250.54 mi-2
£65001/250.57 mi-2
£65009/240.6 miOcean Road South, Grangetown2
£58501/250.61 mi-2
£70009/240.66 miDinsdale Street, Sunderland, Tyne and Wear, SR22
£60007/240.67 mi-2
£59509/240.8 miBeechbrooke, Ryhope, Sunderland2
£59509/240.87 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£67509/230.9 mi-2
£60009/241.02 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£70009/241.04 miOrchard House, Belford Close, SUNDERLAND, SR22
£55003/251.04 mi-2
£65503/251.04 mi-2
£52508/241.07 mi-2
£59503/251.08 mi-2
£75009/241.08 mi-2
£76509/241.08 miSaint Leonard Street, Sunderland, SR22
£57508/231.15 mi-2
£47509/241.18 miVillette Road, Hendon, Sunderland2
£69011/241.18 mi-2
£65009/241.21 miCastlereagh Street, Silksworth2
£55009/241.23 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.54 miles away

Nearest school

0.40 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £50,000

February 5, 2025

Description

  • SPACIOUS GROUND FLOOR APARTMENT +
  • Council Tax Band A, Tenure - Leasehold +
  • Excellent Investment +

Spacious ground floor, purpose built, two bedroom apartment with garage in a separate block. Internally the property is a little cosmetically tired but any works considered necessary could be undertaken over a gradual timeframe. The accommodation comprises: communal entrance, hall, living room, separate kitchen, two double bedrooms, bathroom and toilet and externally a separate garage in a battery block. Modern features include electric heating, double glazing, electric shower fitting and kitchen hob/oven. The property is close to local shops and amenities and represents an excellent home or investment.

Agent Details

Hackett Property, Sunderland

0191 625 0972

Next Steps?

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