2 Bed Bungalow, Refurb/BRRR, Sunderland, SR3 1YH, £220,000

St. Nicholas Avenue, Barnes, Sunderland, SR3 1YH - 2 months ago

Sold STC
Leasehold
Refurb/BRRR
~126 m²
+7 photos

ValuationOvervalued

Sold Prices£68.5K - £325K
Sold Prices/m²£941/m² - £3.5K/m²

 

 

Square Metres

~126.26 m²
Price/m²£1.7K/m²

Value Estimate

£188,488

 

 

End Value (After Refurb)

£247,569

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Refurb Costs

£48,332

Bridging Loan Interest

£5,775

Total Cash In

£123,057

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£247,569

Mortgage (After Refinance)

£185,676

Mortgage LTV

75%

Cash Released

£20,676

Cash Left In

£102,380

Equity

£61,892

Rent Range

£495 - £2,000

Rent Estimate

£745

Running Costs/mo

£943

Cashflow/mo

£-198

Cashflow/yr

£-2,372

Gross Yield

4%

Local Sold Prices

50 sold prices from £68.5K to £325K, average is £120.5K. £941/m² to £3.5K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£195K12/200.02 mi23, St Nicholas Avenue, Sunderland, Tyne And Wear SR3 1YH2
£167.5K01/210.08 mi3, Heatherlea Gardens, Sunderland, Tyne And Wear SR3 1YQ2
£305K06/210.1 mi5, Granby Close, Sunderland, Tyne And Wear SR3 1XG2
£249.9K06/230.13 mi24, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LS2
£115K02/210.13 mi4, Cranbrook, Sunderland, Tyne And Wear SR3 1DL2
£133K09/230.15 mi4, Frinton Park, Sunderland, Tyne And Wear SR3 1DN2
£197.5K09/230.15 mi53, Hipsburn Drive, Sunderland, Tyne And Wear SR3 1TY2
£230K12/200.22 mi38, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LU2
£245K11/200.25 mi8, Burford Gardens, Sunderland, Tyne And Wear SR3 1LX2
£179.9K11/200.27 mi173, Queen Alexandra Road, Sunderland, Tyne And Wear SR3 1XN2
£190K08/210.32 mi26, Barnes Park Road, Sunderland, Tyne And Wear SR4 7PE2
£325K03/230.33 mi10, Thristley Gardens, Sunderland, Tyne And Wear SR2 9BL2
£176.3K07/210.33 mi9, Dunbreck Grove, Sunderland, Tyne And Wear SR4 7LL2
£175K12/200.37 mi3, Harperley Drive, Sunderland, Tyne And Wear SR3 1AW2
£195K11/200.37 mi14, Harperley Drive, Sunderland, Tyne And Wear SR3 1AW2
£207.5K12/220.38 mi120, Hurstwood Road, Sunderland, Tyne And Wear SR4 7LJ2
£94K12/200.44 mi34, Tudor Grove, Sunderland, Tyne And Wear SR3 1SB2
£100K03/210.45 mi82, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LW2
£225K06/230.45 mi7, Chatsworth Crescent, Sunderland, Tyne And Wear SR4 7NP2
£175.7K11/230.45 mi11, Chatsworth Crescent, Sunderland, Tyne And Wear SR4 7NP2
£215K11/230.47 mi17, Mount Grove, Sunderland, Tyne And Wear SR4 7NW2
£200K10/210.49 mi70, Barnes Park Road, Sunderland, Tyne And Wear SR4 7PY2
£82K06/230.53 mi107, Premier Road, Sunderland, Tyne And Wear SR3 1SY2
£100K12/230.57 mi54, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NJ2
£105K11/200.57 mi75, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NJ2
£96.5K10/210.58 mi27, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ2
£115K12/200.58 mi99, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NL2
£112.5K04/230.58 mi89, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NL2
£93K07/230.6 mi51, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£106K09/230.6 mi58, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£129.5K08/210.6 mi9, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ2
£120K11/230.62 mi28, Queens Crescent, Sunderland, Tyne And Wear SR4 7JN2
£68.5K08/210.63 mi31, Shaftesbury Crescent, Sunderland, Tyne And Wear SR3 4AS2
£110K01/210.63 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£123K06/230.65 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£78K12/200.65 mi20, Fernville Street, Sunderland, Tyne And Wear SR4 7LX2
£76.5K05/230.66 mi6, Kitchener Street, Sunderland, Tyne And Wear SR4 7QJ2
£80K02/210.66 mi3, Beachville Street, Sunderland, Tyne And Wear SR4 7NA2
£96K05/210.67 mi22, Ingleby Terrace, Sunderland, Tyne And Wear SR4 7NF2
£156K09/230.69 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£112K09/230.69 mi26, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£100K11/210.69 mi29, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£76K01/230.69 mi1, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£92K08/230.7 mi3, Vale Street, Sunderland, Tyne And Wear SR4 7NB2
£92K08/230.7 mi28, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£121K06/230.7 mi23, General Graham Street, Sunderland, Tyne And Wear SR4 7HL2
£172K04/210.73 mi6, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£179.9K07/220.73 mi1, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£112.5K05/230.74 mi13, Greta Terrace, Sunderland, Tyne And Wear SR4 7RD2
£115K12/200.74 mi2, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2

Local Rents

50 rents from £495/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£70009/240.4 miBelle Vue Crescent, Sunderland, SR22
£87509/240.51 miWillow Green, Ashbrooke, Sunderland, SR22
£1,99501/250.58 mi-2
£67509/240.61 mi5 Thornhill Gardens, Sunderland, SR22
£70009/240.63 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£49509/240.64 mi-2
£49511/240.64 mi-2
£49511/240.64 mi-2
£75009/240.65 miEnnerdale, Ashbrooke2
£80010/240.66 mi-2
£71501/250.66 mi-2
£85004/250.66 mi-2
£87512/240.67 mi-2
£60009/240.69 miNora Street, High Barnes, Sunderland2
£65002/250.72 mi-2
£79509/240.73 mi-2
£65009/240.75 miDene Street, Sunderland, SR32
£57509/240.75 miPerth Road, Plains Farm, Sunderland2
£69509/240.77 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£75001/250.78 mi-2
£2,00002/250.78 mi-2
£75009/240.78 miLeopold House, Albert Court, Sunderland, SR22
£85009/240.79 mi-2
£75002/250.79 mi-2
£75001/250.79 mi-2
£65009/240.79 mi1-4 Ashbrooke Terrace, Sunderland2
£75009/240.81 mi-2
£75002/250.81 mi-2
£69509/240.81 miAlbert Court, Royal Courts, Sunderland2
£75009/240.82 miArgyle Square, Sunderland, SR22
£65009/240.82 miPark Hall, Sunderland, Ashbrooke, SR22
£68511/240.83 mi-2
£68511/240.83 mi-2
£70008/240.84 mi-2
£70010/240.84 mi-2
£70010/240.85 mi-2
£70009/240.85 mi-2
£75008/240.85 mi-2
£70001/250.85 mi-2
£70002/250.85 mi-2
£70011/240.85 mi-2
£75009/240.86 miSummerhill, Thornhill, Sunderland, SR22
£67512/240.86 mi-2
£50002/240.86 mi-2
£50003/240.86 mi-2
£50009/240.86 miSomerset Cottages, Sunderland, SR32
£70009/240.87 mi-2
£70009/240.87 miOrchard House, Belford Close, SUNDERLAND, SR22
£72509/240.87 mi-2
£70003/250.89 mi-2

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

1.16 miles away

Nearest school

0.30 miles away

Nearest train station

0.82 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £220,000

February 5, 2025

Floor Plans

Description

  • Semi Detached Bungalow +
  • 2 Bedrooms +
  • Living Room +
  • Sitting Room +
  • Conservatory +
  • Kitchen +
  • No Chain Involved +
  • EPC Rating: TBC +

This 2 bed semi detached bungalow is situated in St Nicholas Avenue which is located just off Crosslea Avenue and Queen Alexandra Road offering a superb location providing easy access to local shops, schools and amenities we well as both Sunderland City Centre and the A19 within driving distance. The property internally is in need of some modernisation and briefly comprises of: Entrance Hall, Living Room, Sitting Room, Conservatory, Kitchen, 2 Bedrooms and a Bathroom. Externally there is a front garden, side driveway leading to the garage and to the rear is a lawned garden. There is NO ONWARD CHAIN INVOLVED with the sale. Viewing is highly recommended.

Entrance Hall - the entrance hall has a Delft rack, radiator, loft access.

Living Room - 3.99 x 4.96 to the bay (13'1" x 16'3" to the bay) - The double glazed bay window to the front elevation, feature fireplace with gas fire double radiator.

Dining Room/Sitting Room - 5.75 to the bay x 3.98 (18'10" to the bay x 13 - Rear facing, bay window, radiator under bay, feature fire with gas fire.

Conservatory - 5.15 x 2.03 (16'10" x 6'7") - Range of double glazed windows, double glazed door to the garden, tiled floor.

Bedroom 1 - 4.07 x 3.65 (13'4" x 11'11" ) - Front facing, double glazed window, radiator

Bedroom 2 - 4.26 to the bay x 2.95 (13'11" to the bay x 9'8" - Rear facing, double glazed bay window, range of mirrored fitted wardrobes, radiator in the bay.

Kitchen - The kitchen has a range of floor and wall units, stainless steel sink and drainer with mixer tap, radiator, gas hob, double glazed window, integrated fridge and freezer, tiled floor

Bathroom - Suite comprising of a low level WC, pedestal basin, shower cubicle, double glazed window, bath with mixer tap and shower attachment.

Externally - Externally there is a front garden, side driveway leading to the garage and to the rear is a lawned garden.

Garage - Single Garage

Tenure - We are advised by the Vendors that the property is held on a long leasehold for a term of 999 years from 23/11/1937 with a ground rent of £5.5s.0d. Any prospective purchaser should clarify this with their Solicitor

Council Tax - The Council Tax Band is Band C

Agent Details

Michael Hodgson, Sunderland

0191 625 0998

Next Steps?

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