4 Bed Detached House, Refurb/BRRR, Sunderland, SR3 2DD, £475,000

3 Leighfield Drive, Burdon Rise, Sunderland, SR3 2DD - 3 views - 2 months ago

Refurb/BRRR
ROI: 1%
~129 m²
+30 photos

ValuationOvervalued

Sold Prices£140K - £476K
Sold Prices/m²£1.4K/m² - £2.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.7K/m²

Value Estimate

£238,319

 

 

End Value (After Refurb)

£249,840

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Refurb Costs

£49,479

Bridging Loan Interest

£12,469

Total Cash In

£209,148

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£249,840

Mortgage (After Refinance)

£187,380

Mortgage LTV

75%

Cash Left In

£209,148

Equity

£62,460

Rent Range

£700 - £2,650

Rent Estimate

£1,207

Running Costs/mo

£1,042

Cashflow/mo

£165

Cashflow/yr

£1,978

ROI

1%

Gross Yield

3%

Local Sold Prices

23 sold prices from £140K to £476K, average is £239K. £1.4K/m² to £2.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£140K05/210.18 mi119, Hall Farm Road, Sunderland, Tyne And Wear SR3 2UY4
£375K08/230.2 mi5, Leyfield Close, Sunderland, Tyne And Wear SR3 2XX4
£338.3K09/220.22 mi22, Lodgeside Meadow, Sunderland, Tyne And Wear SR3 2PN4
£475K12/220.3 mi10, The Fold, Sunderland, Tyne And Wear SR3 2PW4
£140K03/210.32 mi44, Cornbank Close, Sunderland, Tyne And Wear SR3 2UL4
£190.2K06/210.47 mi6, Westerwood, Sunderland, Tyne And Wear SR3 2WD4
£249.9K03/210.59 mi52, Bishops Way, Sunderland, Tyne And Wear SR3 2SH4
£193K09/210.59 mi59, Bishops Way, Sunderland, Tyne And Wear SR3 2SH4
£211K07/210.6 mi14, Abbotsfield Close, Sunderland, Tyne And Wear SR3 2SD4
£251K03/230.67 mi4, Friarsfield Close, Sunderland, Tyne And Wear SR3 2RZ4
£212K06/210.68 mi1, Deansfield Close, Sunderland, Tyne And Wear SR3 2SA4
£245K10/200.68 mi9, Vicarsholme Close, Sunderland, Tyne And Wear SR3 2RY4
£230K03/210.7 mi9, Chantry Close, Sunderland, Tyne And Wear SR3 2SL4
£185K06/230.8 mi8, St Matthews View, Sunderland, Tyne And Wear SR3 2ET4
£381K11/200.81 mi27, Silksworth Hall Drive, Sunderland, Tyne And Wear SR3 2PG4
£476K02/230.81 miCedar Cottage, Silksworth Hall Drive, Sunderland, Tyne And Wear SR3 2PG4
£220K04/210.84 mi47, Ainthorpe Close, Sunderland, Tyne And Wear SR3 2DA4
£256K06/230.85 mi2, Manningford Drive, Sunderland, Tyne And Wear SR3 2RA4
£259K12/210.91 mi15, Merryweather Rise, Sunderland, Tyne And Wear SR3 2NN4
£170K12/200.94 mi29, Vicarage Road, Sunderland, Tyne And Wear SR3 1JL4
£239K11/200.94 mi16, Runswick Close, Sunderland, Tyne And Wear SR3 2YG4
£300K10/220.98 mi69, Bowood Close, Sunderland, Tyne And Wear SR2 0BY4
£216.5K04/231 mi15, Marlow Drive, Sunderland, Tyne And Wear SR3 2RW4

Local Rents

17 rents from £700/mo to £2.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,15010/240.19 mi-3
£75007/240.25 mi-3
£1,50002/240.43 mi-3
£2,65001/250.43 mi-5
£1,50012/240.43 mi-3
£2,30001/250.65 mi-4
£1,55005/240.69 mi-3
£70004/240.8 mi-3
£75009/240.81 miLord Street, Sunderland, Tyne And Wear, SR33
£75002/250.84 mi-3
£72509/240.87 miSilksworth Terrace, Sunderland3
£75009/240.88 miEdward Street, Sunderland, Tyne And Wear, SR33
£85008/240.88 mi-4
£1,30009/241.01 miWest Cherry Knowle Farm3
£95009/241.1 miCamberley Close, Tunstall3
£80009/241.14 mi-3
£1,25009/241.14 miCherry Brooks Way, Ryhope, Sunderland3

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

3.04 miles away

Nearest school

0.40 miles away

Nearest train station

2.92 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £475,000

February 10, 2025

Floor Plans

Description

  • STUNNING 4 BEDROOM DETACHED HOME +
  • 2 EN SUITE BATHROOMS +
  • OPEN PLAN REAR FAMILY/DINING/KITCHEN +
  • EPC RATING B +
  • PRIME CUL DE SAC POSITION WITHIN EXCLUSIVE DEVELOPMENT +
  • ADDITIONAL EXPENDITURE/UPGRADES IN REGION OF £80k ! +
  • FABULOUS LANDSCAPED GARDEN AND IMPRESSIVE GARDEN ROOM +
  • QUALITY FITTED WARDROBES IN 3 BEDROOMS +
  • £15k + SOLAR PV PANELS WITH BATTERY STORAGE +
  • TWO STUNNING MEDIA WALLS +

ABSOLUTELY STUNNING 4 BEDROOM DETACHED HOME - 2 EN SUITE BATHROOMS - OPEN PLAN REAR FAMILY/DINING/SUPERB KITCHEN WITH EXCLUSIVE QUARTZ - PRIME CUL DE SAC POSITION WITHIN EXCLUSIVE DEVELOPMENT - ADDITIONAL EXPENDITURE/UPGRADES IN REGION OF £80k ! - FABULOUS LANDSCAPED GARDEN AND IMPRESSIVE GARDEN ROOM WITH BI-FOLD DOORS & MINI KITCHEN - QUALITY FITTED WARDROBES IN 3 BEDROOMS - £15k + SOLAR PV PANELS WITH BATTERY STORAGE - TWO STUNNING MEDIA WALLS & MORE …
Good Life Homes are delighted to bring to the market what must be the finest property of its type within this exclusive executive development. Located within a prime cul de sac position, we’re advised the current owners have invested around £80,000 from new in builder upgrades and personalised renovations over and above the standard build-spec (incl a £15k + Solar PV Battery System) and have created a beautiful show-house standard home in every respect. This particular home benefits from a single garage with remote door and multi-vehicle parking on and around the driveway. Internally, a stylish entrance hall welcomes you with a formal dining room, WC and formal lounge with stunning feature media wall leading off. The rear of the property is open plan across the full width with space designated to a separate utility, stunning kitchen with quartz worktops, side stands and up stands; a natural dining area is situated in front of patio doors and a family zone with fabulous media wall, plasma fire and built-in top-lit shelving offers a luxurious space for the family or guests to relax. Through the patio doors you’ll meet a beautifully designed garden with seating area and hot tub, impressive 16ftx10ft professionally constructed garden room with bi-fold doors, kitchen and seating area, perfect for entertaining. With 4 double bedrooms, fitted wardrobes in 3 and stunning en suites to 2 bedrooms, this is an impressive home of undoubted quality. Viewing arrangements can be made by contacting our local office.

Introduction - ABSOLUTELY STUNNING 4 BEDROOM DETACHED HOME - 2 EN SUITE BATHROOMS - OPEN PLAN REAR FAMILY/DINING/SUPERB KITCHEN WITH EXCLUSIVE QUARTZ - PRIME CUL DE SAC POSITION WITHIN EXCLUSIVE DEVELOPMENT - ADDITIONAL EXPENDITURE/UPGRADES IN REGION OF £80k ! - FABULOUS LANDSCAPED GARDEN AND IMPRESSIVE GARDEN ROOM WITH BI-FOLD DOORS & MINI KITCHEN - QUALITY FITTED WARDROBES IN 3 BEDROOMS - £15k + SOLAR PV PANELS WITH BATTERY STORAGE - TWO STUNNING MEDIA WALLS & MORE …

Entrance Hall - Entrance via GRP door. Quality LVT flooring, radiator, carpeted stairs to first floor landing, under stairs cupboard providing additional storage. Doors leading off to lounge, WC, dining room and dining/kitchen/family room.

Dining Room - 3.96m x 2.79m (13'0 x 9'2) - Quality LTV flooring, double radiator, front facing white uPVC double-glazed window. This is a lovely formal dining room suitable for social gatherings.

Lounge - 4.75m x 3.56m (15'7 x 11'8) - Carpet flooring, radiator, front facing white uPVC double-glazed window. Superior bespoke media wall providing a stunning centre piece for this magnific room.

Downstairs Wc - 1.57m x 1.37m (5'2 x 4'6) - Quality LVT flooring, radiator, wall mounted hand basin with chrome taps, toilet with concealed cistern and push button flush. Quality tile choices and built-in mirror to back wall. Extractor fan.

Dining, Kitchen, Family Room - 8.61m x 4.27m (28'3 x 14'0) - Measurements taken at widest points. A stunning rear space with kitchen/dining area and partially separate but open plan family room all of which stretches the full width of the property to the rear. 2 white uPVC double-glazed window and white uPVC double-glazed doors leading out to and with views of the garden, quality LVT flooring throughout this area and also stretches to the separate utility, 2 double radiators providing heat to the space. The kitchen area comprises a stylish range of shaker style wall and floor units in a soft taupe finish with upgraded quality work surfaces which extends to the side of the returns and also the upstands where built-in mirrors provide an additional touch of luxury. Integrated double fridge/freezer, integrated double oven, integrated 4 ring gas hob with integrated extractor chimney, integrated dishwasher, inset stainless steel sink with bowl and a half and flexible tap. The appliances are all AEG. A natural dining area positioned in front of the patio doors flows seamlessly into a family room area where the current owners have created a stunning media wall with quality plasma fire and recess for flat screen TV. Either side is built-in shelving with concealed lighting again providing a touch of quality.

Utility Room - 2.31m x 1.60m (7'7 x 5'3) - Quality LVT flooring, double-glazed external door leading to the side of the property. matching double unit to the main kitchen with matching quartz work surfaces and up stands. Wall mounted central heating system, electric consumer unit and radiator.

First Floor Landing - Built-in mirror with glass shelving providing a stylish display point with recessed lights, 2 large built-in cupboards providing additional storage, radiator. 5 doors leading off, 4 to bedrooms and 1 to bathroom.

Master Bedroom - 5.11m x 3.56m (16'9 x 11'8) - Carpet flooring, radiator, front facing white uPVC double-glazed window. Recessed lights to ceiling. Quality fitted wardrobes to 1 wall providing a good degree of storage and hanging space. Door leading off to en suite.

En Suite - 2.13m x 2.01m (7'0 x 6'7) - Quality tile choices to wall and floor throughout with upgraded built-in mirrors. Wall mounted sink with chrome tap, toilet with concealed cistern and push button flush, double shower cubicle with sliding glass doors and shower comprising fixed overhead waterfall overhead style shower and separate hand held shower. Designer style radiator towel heater, front facing white uPVC double-glazed window with privacy glass. This is a beautiful en suite

Bedroom 2 - 3.56m x 3.15m (11'8 x 10'4) - Carpet flooring, radiator, rear facing white uPVC double-glazed window. Quality fitted wardrobes to 1 wall with matching drawers and space for flat screen TV. Door leading off to en suite.

En Suite - 2.74m x 1.40m (9'0 x 4'7) - Quality tiles to wall and floor, designer style towel heater style radiator, side facing white uPVC double-glazed window. Double walk-in shower cubicle with sliding glass doors and shower fed from the main hot water system, wall mounted sink with chrome tap, toilet with concealed cistern and push button flush. Recessed lights to ceiling and extractor fan. Built-in mirror.

Bathroom - 2.08m x 1.91m (6'10 x 6'3) - Quality tile choices to wall and floor, rear facing white uPVC double-glazed window with privacy glass, designer style towel heater style radiator. White toilet with concealed cistern and push button flush, wall mounted sink with chrome tap, bath with panel and chrome tap. Built-in mirror 1 wall, recessed lights to ceiling.

Bedroom 3 - 4.42m x 2.87m (14'6 x 9'5) - Carpet flooring, radiator, front facing white uPVC double-glazed window. This is also a large double bedroom.

Bedroom 4 - 3.18m x 2.74m (10'5 x 9'0) - This is also a double bedroom but is equipped as a dressing room
Quality flooring, radiator, rear facing white uPVC double-glazed window. Built-in wardrobes to 2 sides including dressing table with built-in mirror and built-in shelving either side. This is a lovely room which could equally be an office, bedroom or a stylish dressing room.

Garage - Electric sockets and lighting, benefits from additional solar panels as per the main roof of the house - further details will follow.

Externally - Benefiting from an excellent position within the development into a small private block paved road with only 3 houses in the cul de sac. The property has a block paved driveway suitable for parking at least 2 vehicles leading to attached single garage which has electric up and over garage door.

The property benefits from a superb rear garden which has been completely landscaped at considerable expense to the current owners and comprises quality paved patio with well maintained lawn either side, built-in lighting and steps leading down to 2 decked patios at the rear of the garden providing a seating and hot tub area with external sockets. The owners have also built a quality garden room.

Garden Room - 4.65m 2.84m (15'3 9'4) - Quality LVT flooring, bi-fold doors opening out completely onto the garden, recessed lights to the ceiling and mood lights to the wall, electric sockets and a small fitted kitchen with a range of floor units in shaker style with stylish work surface returning to provide a breakfast bar; electric sockets also in the kitchen area, space for American style fridge/freezer. The bi-fold doors are double glazed and have built-in blinds. This is a terrific man cave or entertainment room to take full advantage of the beautiful, landscaped garden or entertaining.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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