3 Bed Semi-Detached House, Refurb/BRRR, Sunderland, SR3 1JT, £110,000

Crossways, Sunderland, Tyne and Wear, SR3 1JT - 2 views - 2 months ago

Auction
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£50K - £295K
Sold Prices/m²£588/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£112,200

 

 

End Value (After Refurb)

£144,339

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£35,600

Bridging Loan Interest

£2,888

Total Cash In

£72,238

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,339

Mortgage (After Refinance)

£108,254

Mortgage LTV

75%

Cash Released

£25,754

Cash Left In

£46,484

Equity

£36,085

Rent Range

£595 - £1,550

Rent Estimate

£833

Running Costs/mo

£638

Cashflow/mo

£195

Cashflow/yr

£2,344

ROI

3%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £295K, average is £125.8K. £588/m² to £3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£155K11/210.04 mi43, Cavendish Place, Sunderland, Tyne And Wear SR3 1JW3
£175K08/230.1 mi33, Vicarage Close, Sunderland, Tyne And Wear SR3 1JF3
£150K02/230.12 mi5, Athol Grove, Sunderland, Tyne And Wear SR3 1ES3
£107K06/210.13 mi45, Scarborough Road, Sunderland, Tyne And Wear SR3 1LD3
£185K02/230.14 mi19, Devon Drive, Sunderland, Tyne And Wear SR3 1LB3
£116K12/200.15 mi123, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£130K11/200.15 mi112, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£125K04/210.15 mi102, Vicarage Close, Sunderland, Tyne And Wear SR3 1JE3
£90K03/230.16 mi14, Wynyard Street, Sunderland, Tyne And Wear SR3 1ER3
£153K07/230.17 mi61, Scarborough Road, Sunderland, Tyne And Wear SR3 1LD3
£112.5K03/230.18 mi5, Edward Street, Silksworth, Sunderland, Tyne And Wear SR3 1EW3
£133K12/200.19 mi12, Southwold Gardens, Sunderland, Tyne And Wear SR3 1LG3
£122.5K02/210.19 mi2, Southwold Gardens, Sunderland, Tyne And Wear SR3 1LG3
£142.5K06/210.2 mi67, Sunnybrow, Sunderland, Tyne And Wear SR3 1DQ3
£130K03/210.2 mi54, Sunnybrow, Sunderland, Tyne And Wear SR3 1DQ3
£50K11/210.2 mi16, Seaham Street, Sunderland, Tyne And Wear SR3 1EX3
£255K01/230.21 mi57, Ski View, Sunderland, Tyne And Wear SR3 1NP3
£224.9K08/230.23 mi8, Essex Grove, Sunderland, Tyne And Wear SR3 1BG3
£166K12/200.23 mi20, Essex Grove, Sunderland, Tyne And Wear SR3 1BG3
£134.9K03/210.23 mi42, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG3
£147K04/230.23 mi4, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG3
£126.5K07/210.23 mi17, Sunnybrow, Sunderland, Tyne And Wear SR3 1DG3
£127K04/230.26 mi54, Mary Street, New Silksworth, Sunderland, Tyne And Wear SR3 1HD3
£185K07/210.26 mi4, Ski View, Sunderland, Tyne And Wear SR3 1NW3
£105K11/220.28 mi10, Silksworth Terrace, Silksworth, Sunderland, Tyne And Wear SR3 2AT3
£145K08/230.28 mi22, Westgate Avenue, Sunderland, Tyne And Wear SR3 1BD3
£295K01/230.29 miHalcyon, Silksworth Lane, New Silksworth, Sunderland, Tyne And Wear SR3 1AQ3
£105K06/210.29 mi14, Chelmsford Street, Sunderland, Tyne And Wear SR3 1BJ3
£61K10/200.31 mi7, George Street East, Sunderland, Tyne And Wear SR3 1HG3
£135K02/210.31 mi45, Cambridge Road, Sunderland, Tyne And Wear SR3 2DQ3
£70K01/230.32 mi71, Warwick Terrace, Sunderland, Tyne And Wear SR3 1BP3
£93K06/210.32 mi22, Hill Street, Sunderland, Tyne And Wear SR3 2DW3
£82K05/210.33 mi18, Castlereagh Street, Sunderland, Tyne And Wear SR3 1HJ3
£80K09/230.34 mi17, Somerset Street, Sunderland, Tyne And Wear SR3 1BS3
£68.5K08/230.35 mi3, Wilson Terrace, Sunderland, Tyne And Wear SR3 1EA3
£90K03/210.35 mi9, Tunstall Terrace, New Silksworth, Sunderland, Tyne And Wear SR3 1HH3
£101K02/210.35 mi14, Silksworth Terrace, Sunderland, Tyne And Wear SR3 2AX3
£94K08/210.36 mi15, Quarry Street, Sunderland, Tyne And Wear SR3 2DR3
£115K04/210.38 mi7, Byers Court, Sunderland, Tyne And Wear SR3 1AX3
£180K12/210.39 mi75, Cambridge Road, Sunderland, Tyne And Wear SR3 2DG3
£250K12/200.4 mi5, Lawn Cottages, Silksworth, Sunderland, Tyne And Wear SR3 2PQ3
£66K11/200.41 mi2, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£66K11/200.41 mi2, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£70K02/210.41 mi8, Lord Street, Sunderland, Tyne And Wear SR3 2DX3
£65K01/210.42 mi27, Lord Street, Sunderland, Tyne And Wear SR3 2DY3
£142K04/210.46 mi51, The Strand, Sunderland, Tyne And Wear SR3 3DS3
£125K08/210.46 mi42, The Strand, Sunderland, Tyne And Wear SR3 3DS3
£132K04/210.48 mi5, Piccadilly, Sunderland, Tyne And Wear SR3 3DR3
£180K03/210.48 mi6, Hawthorn Avenue, Sunderland, Tyne And Wear SR3 1DU3
£75K03/210.49 mi46, Lord Street, Sunderland, Tyne And Wear SR3 2DY3

Local Rents

25 rents from £595/mo to £1.6K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75009/240.18 miEdward Street, Sunderland, Tyne And Wear, SR33
£72509/230.31 mi-3
£65009/240.34 miSomerset Street, Sunderland, Tyne and Wear, SR33
£72509/240.35 miSilksworth Terrace, Sunderland3
£75002/250.37 mi-3
£70004/240.42 mi-3
£75009/240.42 miLord Street, Sunderland, Tyne And Wear, SR33
£69509/240.59 miArden Square, Farringdon, Sunderland South, SR3 3
£1,55005/240.68 mi-3
£95009/240.7 miCamberley Close, Tunstall3
£59510/240.78 mi-3
£82504/250.79 mi-3
£75007/240.87 mi-3
£72509/240.88 mi1 Paisley Square, Sunderland3
£65009/230.92 mi-3
£75009/240.92 miPlains Road, Plains Farm, Sunderland , SR33
£85004/250.92 mi-3
£1,15010/241.05 mi-3
£95009/241.13 miLeechmere Road, Tunstall, Sunderland3
£80009/241.13 mi-3
£78511/241.15 mi-3
£82503/251.15 mi-3
£89504/251.16 mi-3
£1,35009/241.2 miRidgeway Crescent, Ashbrooke3
£75008/241.23 mi-3

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

2.01 miles away

Nearest school

0.40 miles away

Nearest train station

2 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £110,000

February 13, 2025

Floor Plans

Description

  • Three Bedrooms +
  • Modern Method of Auction +
  • Modernisation Required +
  • Gardens to The Rear +
  • EPC Grade Awaited +
  • Council Tax Band A, Sunderland City Council +

Offered for sale via the modern method of auction. Three-bedroom semi-detached home located on Crossways, a highly desirable area of Silksworth. This property offers fantastic potential to become your forever home!

The ground floor features an entrance hall leading to a spacious lounge and a second reception room with a coal fire that powers the back boiler. The kitchen is fitted with a range of wall and base units and provides access to the outhouse and rear garden. There is also a small conservatory at the rear.

On the first floor, there are two double bedrooms and a third smaller room, currently used as a walk-in dressing area. The bathroom includes a three-piece suite.

The rear garden is landscaped for low maintenance and includes a shed for storage. The front garden has been paved and complemented with mature shrubs.

The property is all electric.

Freehold

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SUN240698/2

Agent Details

YOUR MOVE Chris Stonock, Sunderland

0191 625 0175

Next Steps?

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

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