2 Bed Terraced House, Refurb/BRRR, Sunderland, SR3 4ET, £95,000

Grindon Lane, Thorney Close, Sunderland, SR3 4ET - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£62.5K - £245K
Sold Prices/m²£824/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£97,850
BMV3%

 

 

End Value (After Refurb)

£101,763

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Refurb Costs

£26,073

Bridging Loan Interest

£2,494

Total Cash In

£60,016

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£101,763

Mortgage (After Refinance)

£76,323

Mortgage LTV

75%

Cash Released

£5,073

Cash Left In

£54,944

Equity

£25,441

Rent Range

£575 - £995

Rent Estimate

£767

Running Costs/mo

£491

Cashflow/mo

£276

Cashflow/yr

£3,307

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £62.5K to £245K, average is £98.3K. £824/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£110K12/200.17 mi18, Strathmore Road, Sunderland, Tyne And Wear SR3 4EY2
£119K06/230.17 mi20, Strathmore Road, Sunderland, Tyne And Wear SR3 4EY2
£109K08/210.18 mi1, Seaton Road, Sunderland, Tyne And Wear SR3 4EQ2
£105K01/230.19 mi3, Seaton Road, Sunderland, Tyne And Wear SR3 4EQ2
£75K03/210.2 mi2, Sunningdale Road, Sunderland, Tyne And Wear SR3 4HE2
£75K11/200.3 mi3, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£68.5K02/210.3 mi15, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£96K08/230.3 mi15, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£100K10/230.34 mi193, Grindon Lane, Sunderland, Tyne And Wear SR4 8HS2
£171K05/230.39 mi78, Killingworth Drive, High Barnes, Sunderland, Tyne And Wear SR4 8QX2
£79.6K07/230.4 mi5, Portree Square, Sunderland, Tyne And Wear SR3 1QU2
£74K05/230.41 mi9, Paignton Square, Sunderland, Tyne And Wear SR3 1QT2
£85K11/200.43 mi17, Galsworthy Road, Sunderland, Tyne And Wear SR4 8JQ2
£80K03/210.44 mi40, Gairloch Road, Sunderland, Tyne And Wear SR4 8HX2
£95K09/230.48 mi22, Gainsborough Square, Sunderland, Tyne And Wear SR4 8HZ2
£85K01/210.48 mi87, Gleneagles Road, Sunderland, Tyne And Wear SR4 8JF2
£68.5K08/210.49 mi31, Shaftesbury Crescent, Sunderland, Tyne And Wear SR3 4AS2
£62.5K11/200.51 mi78, Gleneagles Road, Sunderland, Tyne And Wear SR4 8JE2
£62.5K11/200.51 mi78, Gleneagles Road, Sunderland, Tyne And Wear SR4 8JE2
£160K02/230.51 mi111, The Broadway, Sunderland, Tyne And Wear SR4 8PA2
£90.3K05/230.52 mi37, Abercorn Road, Sunderland, Tyne And Wear SR3 3LG2
£85K03/230.52 mi32, Abercorn Road, Sunderland, Tyne And Wear SR3 3LG2
£174.9K11/200.52 mi21, Woodland Drive, Sunderland, Tyne And Wear SR4 8QR2
£92K11/230.53 mi73, Gillingham Road, Sunderland, Tyne And Wear SR4 8LB2
£95K11/200.53 mi57, Gillingham Road, Sunderland, Tyne And Wear SR4 8LB2
£105K01/240.53 mi57, Gillingham Road, Sunderland, Tyne And Wear SR4 8LB2
£127.4K10/200.54 mi18, Gillingham Road, Sunderland, Tyne And Wear SR4 8LD2
£227.5K08/230.57 mi12, Woodville Crescent, Sunderland, Tyne And Wear SR4 8RE2
£245K05/230.58 mi1, Melbourne Place, Sunderland, Tyne And Wear SR4 8LN2
£135K04/210.58 mi17, Nookside, Sunderland, Tyne And Wear SR4 8PH2
£98K12/220.58 mi96, Galashiels Road, Sunderland, Tyne And Wear SR4 8JL2
£220K11/230.59 mi5, Glamis Avenue, Sunderland, Tyne And Wear SR4 8PB2
£146K07/230.59 mi8, Glamis Avenue, Sunderland, Tyne And Wear SR4 8PB2
£95K03/230.59 mi8, The Greenway, Sunderland, Tyne And Wear SR4 8PF2
£172K04/210.6 mi6, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£179.9K07/220.6 mi1, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£220K09/210.6 mi8, Wimbourne Avenue, Sunderland, Tyne And Wear SR4 8RA2
£87.5K12/200.63 mi31, Hollinside Road, Sunderland, Tyne And Wear SR4 8BQ2
£118K11/210.63 mi27, Hampstead Road, Sunderland, Tyne And Wear SR4 8BA2
£102.5K10/210.63 mi19, Hampstead Road, Sunderland, Tyne And Wear SR4 8BA2
£82K06/230.63 mi107, Premier Road, Sunderland, Tyne And Wear SR3 1SY2
£93K01/210.63 mi7, Galway Square, Sunderland, Tyne And Wear SR4 8JY2
£98.6K03/240.63 mi7, Galway Square, Sunderland, Tyne And Wear SR4 8JY2
£95K02/210.64 mi11, Geddes Road, Sunderland, Tyne And Wear SR4 8JW2
£110K11/230.64 mi6, Geddes Road, Sunderland, Tyne And Wear SR4 8JW2
£183K01/210.64 mi29, Westfield Grove, Sunderland, Tyne And Wear SR4 8QZ2
£146K06/230.64 mi30, Beldene Drive, Sunderland, Tyne And Wear SR4 8QD2
£75.5K11/200.64 mi118, Holborn Road, Sunderland, Tyne And Wear SR4 8BJ2
£112K12/220.64 mi116, Holborn Road, Sunderland, Tyne And Wear SR4 8BJ2
£94K12/200.65 mi34, Tudor Grove, Sunderland, Tyne And Wear SR3 1SB2

Local Rents

10 rents from £575/mo to £995/mo, average is £723/mo.

RentDateDistanceAddressBeds 
£96011/240.19 mi-2
£75010/230.39 mi-2
£65009/240.42 mi-2
£69509/230.42 mi-2
£75009/240.43 miNairn Close, The Broadway, SUNDERLAND, SR42
£57509/240.5 miPerth Road, Plains Farm, Sunderland2
£65009/240.56 mi-2
£69509/240.57 mi-2
£99509/240.6 miWimbourne Avenue, High Barnes, Sunderland2
£95009/240.61 miWimbourne Avenue, High Barnes2

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

1.10 miles away

Nearest school

0.10 miles away

Nearest train station

1.42 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £95,000

February 6, 2025

Floor Plans

Description

  • Larger Style Semi Detached Home +
  • In Need of Updating and Modernising +
  • 2 Bedrooms +
  • 2 Reception Rooms +
  • Generous Rear Garden +
  • Driveway +
  • No Upward Chain +
  • Popular and Convenient Location +
  • Easy Access to the City Centre and A19 +
  • Viewing Recommended +

A spacious larger style two bedroom, two reception room semi-detached house with a delightful garden, situated within this popular residential area. Internally comprising of a hall with staircase to the first floor, lounge, dining room and a kitchen. To the first floor there are two double bedrooms and a wet room/wc. Externally there is a garden to the front with a driveway and to the rear a generous garden. Situated in this popular area, the property is close to a range of amenities, shops and schools as well as offering excellent connections to surrounding areas and major road networks. With no upper chain involved, viewing is highly recommended.

Ground Floor - Access via UPVC entrance door to hall.

Entrance Hall - Double radiator, stairs to the first floor and doors to lounge and kitchen.

Lounge - 3.75 x 2.83 (12'3" x 9'3") - Double glazed window to the front, radiator, electric fire and door to dining room.

Dining Room - 2.81 x 2.26 (9'2" x 7'4") - Double glazed window to rear, radiator and door to kitchen.

Kitchen - 3.26 x 3.01 (10'8" x 9'10") - Range of wall and base units with work surfaces over incorporating a 1 1/2 bowl stainless steel sink and drainer unit with mixer tap, space has been provided for the inclusion of a washing machine, cooker and fridge freezer. Radiator, two double glazed windows to rear, storage cupboard and door to outhouse.

Outhouse - Wooden doors to front and rear, storage space and door to utility.

Utility - 2.13 x 1.33 (6'11" x 4'4" ) - Base units incorporating wash hand basin, storage cupboard and single glazed window to rear.

First Floor Landing - Double glazed window to side.

Bedroom 1 - 4.65 x 2.71 (15'3" x 8'10") - Double glazed window to front, radiator and storage cupboard.

Bedroom 2 - 3.20 x 2.79 (10'5" x 9'1") - Double glazed window to rear, radiator and storage cupboard.

Wet Room - Low level WC, wash hand basin, shower, two windows and radiator.

Outside - To the front there is a garden with a driveway and to the rear a generous rear garden.

Tenure - We are advised by the Vendors that the property is Freehold. Any prospective purchaser should clarify this with their Solicitor.

Council Tax - The Council Tax is Band A.

Important Notice - Peter Heron Ltd for themselves and for the vendors of this property whose agents they are, give notice that:-
The particulars are set out for general guidance only for the intending Purchasers and do not constitute part of an offer or contract. Whilst we endeavour to make our sales particulars accurate and reliable, if there is anything of particular importance which you feel may influence your decision to purchase, please contact the office and we will be pleased to check the information. Do so particularly, if contemplating travelling some distance to view the property.
All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, however any intending purchasers should not rely on them that statements are representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Independent property size verification is recommended.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. No person in the employment of Peter Heron Ltd has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor to enter into any contract on behalf of Peter Heron Ltd, nor into any contract on behalf of the Vendor. The copyright of all details and photographs remain exclusive to Peter Heron Ltd.
Please note that in the event the purchaser uses the services of Peter Heron Conveyancing in the purchase of their home, Peter Heron Ltd will be paid a completion commission of £210.00 by Movewithus Ltd.

Viewings - To arrange an appointment to view this property contact our Fawcett Street branch on .

Opening Times - Monday - Friday 9.00am to 5.00pm
Saturday 9.00am to 12noon

Ombudsman - Peter Heron Estate Agents are members of The Property Ombudsman and subscribe to The Property Ombudsman Code of Practice.

Agent Details

Peter Heron Residential Sales and Lettings, Sunderland

0191 625 1058

Next Steps?

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