2 Bed Semi-Detached House, Refurb/BRRR, Sunderland, SR3 4EF, £119,995

Springbank Road, Springwell, Sunderland, SR3 4EF - 3 views - 2 months ago

Refurb/BRRR
ROI: 4%
~68 m²
+9 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£98,582

 

 

End Value (After Refurb)

£112,058

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,999

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£26,073

Bridging Loan Interest

£3,150

Total Cash In

£65,771

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£112,058

Mortgage (After Refinance)

£84,044

Mortgage LTV

75%

Cash Left In

£65,771

Equity

£28,015

Rent Range

£625 - £995

Rent Estimate

£753

Running Costs/mo

£521

Cashflow/mo

£232

Cashflow/yr

£2,787

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £62.5K to £245K, average is £99K. £824/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£105K01/230.06 mi3, Seaton Road, Sunderland, Tyne And Wear SR3 4EQ2
£109K08/210.07 mi1, Seaton Road, Sunderland, Tyne And Wear SR3 4EQ2
£171K05/230.19 mi78, Killingworth Drive, High Barnes, Sunderland, Tyne And Wear SR4 8QX2
£75K03/210.21 mi2, Sunningdale Road, Sunderland, Tyne And Wear SR3 4HE2
£100K10/230.29 mi193, Grindon Lane, Sunderland, Tyne And Wear SR4 8HS2
£174.9K11/200.32 mi21, Woodland Drive, Sunderland, Tyne And Wear SR4 8QR2
£110K12/200.33 mi18, Strathmore Road, Sunderland, Tyne And Wear SR3 4EY2
£119K06/230.33 mi20, Strathmore Road, Sunderland, Tyne And Wear SR3 4EY2
£160K02/230.37 mi111, The Broadway, Sunderland, Tyne And Wear SR4 8PA2
£245K05/230.38 mi1, Melbourne Place, Sunderland, Tyne And Wear SR4 8LN2
£85K11/200.38 mi17, Galsworthy Road, Sunderland, Tyne And Wear SR4 8JQ2
£227.5K08/230.39 mi12, Woodville Crescent, Sunderland, Tyne And Wear SR4 8RE2
£220K09/210.41 mi8, Wimbourne Avenue, Sunderland, Tyne And Wear SR4 8RA2
£135K04/210.43 mi17, Nookside, Sunderland, Tyne And Wear SR4 8PH2
£87.5K12/200.43 mi31, Hollinside Road, Sunderland, Tyne And Wear SR4 8BQ2
£75.5K11/200.44 mi118, Holborn Road, Sunderland, Tyne And Wear SR4 8BJ2
£112K12/220.44 mi116, Holborn Road, Sunderland, Tyne And Wear SR4 8BJ2
£118K11/210.44 mi27, Hampstead Road, Sunderland, Tyne And Wear SR4 8BA2
£102.5K10/210.44 mi19, Hampstead Road, Sunderland, Tyne And Wear SR4 8BA2
£80K03/210.45 mi40, Gairloch Road, Sunderland, Tyne And Wear SR4 8HX2
£68.5K08/210.45 mi31, Shaftesbury Crescent, Sunderland, Tyne And Wear SR3 4AS2
£220K11/230.45 mi5, Glamis Avenue, Sunderland, Tyne And Wear SR4 8PB2
£146K07/230.45 mi8, Glamis Avenue, Sunderland, Tyne And Wear SR4 8PB2
£75K11/200.46 mi3, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£68.5K02/210.46 mi15, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£96K08/230.46 mi15, Purley Square, Sunderland, Tyne And Wear SR3 1RG2
£179.9K07/220.46 mi1, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£183K01/210.46 mi29, Westfield Grove, Sunderland, Tyne And Wear SR4 8QZ2
£172K04/210.46 mi6, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£95K03/230.47 mi8, The Greenway, Sunderland, Tyne And Wear SR4 8PF2
£96K05/230.47 mi51, Hartside Road, Sunderland, Tyne And Wear SR4 8BD2
£86.3K11/200.47 mi17, Hartside Road, Sunderland, Tyne And Wear SR4 8BD2
£146K06/230.48 mi30, Beldene Drive, Sunderland, Tyne And Wear SR4 8QD2
£85K01/210.48 mi87, Gleneagles Road, Sunderland, Tyne And Wear SR4 8JF2
£83K08/210.48 mi24, Hexham Road, Sunderland, Tyne And Wear SR4 8BN2
£93K10/200.51 mi8, Hampstead Square, Sunderland, Tyne And Wear SR4 8AZ2
£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
£95K09/230.52 mi22, Gainsborough Square, Sunderland, Tyne And Wear SR4 8HZ2
£92K11/230.52 mi73, Gillingham Road, Sunderland, Tyne And Wear SR4 8LB2
£95K11/200.52 mi57, Gillingham Road, Sunderland, Tyne And Wear SR4 8LB2
£105K01/240.52 mi57, Gillingham Road, Sunderland, Tyne And Wear SR4 8LB2
£127.4K10/200.52 mi18, Gillingham Road, Sunderland, Tyne And Wear SR4 8LD2
£100K10/210.53 mi48, Hampstead Road, Sunderland, Tyne And Wear SR4 8AX2
£111.5K02/230.53 mi97, Hadleigh Road, Sunderland, Tyne And Wear SR4 8BP2
£85K03/210.54 mi16, Howe Square, Sunderland, Tyne And Wear SR4 8AY2
£94K05/230.54 mi16, Howe Square, Sunderland, Tyne And Wear SR4 8AY2
£98K12/220.54 mi96, Galashiels Road, Sunderland, Tyne And Wear SR4 8JL2
£79.6K07/230.54 mi5, Portree Square, Sunderland, Tyne And Wear SR3 1QU2
£80K02/210.55 mi17, Helmsdale Road, Sunderland, Tyne And Wear SR4 8BZ2

Local Rents

13 rents from £625/mo to £995/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£96011/240.05 mi-2
£65009/240.23 mi-2
£75009/240.24 miNairn Close, The Broadway, SUNDERLAND, SR42
£75010/230.35 mi-2
£69509/240.38 mi-2
£69509/230.4 mi-2
£99509/240.41 miWimbourne Avenue, High Barnes, Sunderland2
£95009/240.42 miWimbourne Avenue, High Barnes2
£70009/240.56 miHolborn Road, Hylton Lane, Sunderland, Tyne and Wear, SR4 8AR2
£65009/240.56 mi-2
£72509/240.57 miHawkesley Road, Sunderland, SR42
£62509/240.58 mi-2
£65002/250.59 mi-2

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

0.90 miles away

Nearest school

0.10 miles away

Nearest train station

1.25 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £119,995

February 14, 2025

Description

  • 2 DOUBLE BED SEMI DETACHED +
  • LARGE GARDEN PLOT WITH SUNNY ASPECT +
  • WELL PRESENTED +
  • EPC RATING D +
  • RECENT BATHROOM RENOVATION WITH WALK-IN SHOWER +
  • SOUGHT AFTER SPRINGWELL LOCATION +

2 DOUBLE BED SEMI DETACHED - LARGE GARDEN PLOT WITH SUNNY ASPECT - WELL PRESENTED - RECENT BATHROOM RENOVATION WITH WALK-IN SHOWER - SOUGHT AFTER SPRINGWELL LOCATION…
Good Life Homes are delighted to bring to the market a 2 double bedroom semi-detached home in a very popular location and benefiting from being on an excellent plot with large well-maintained garden to rear enjoying a sunny aspect. Perfect as a starter home or may be even a downsizer home, the vendors have lived here for a number of years and spoke highly of neighbours and neighbouring properties which is always nice to know for potential buyers. Briefly comprising; front garden and on street parking, entrance hall, lounge, dining room, kitchen, out-house (former wash house and coal house now used as a partial utility with Belfast sink, electric lighting and sockets, beautiful large rear garden plot, 2 first floor double bedrooms and bathroom with walk-in shower.
Viewing arrangements can be made by contacting our local office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £995 on a no sale no fee basis which means you won’t pay us anything unless we sell your home! Call us and find out why so many people across Sunderland now choose Good Life to sell their home.

Introduction - 2 DOUBLE BED SEMI DETACHED - LARGE GARDEN PLOT WITH SUNNY ASPECT - WELL PRESENTED - RECENT BATHROOM RENOVATION WITH WALK-IN SHOWER - SOUGHT AFTER SPRINGWELL LOCATION…

Entrance Hall - Carpet flooring, large double radiator, understairs cupboard, front facing white uPVC double-glazed dinwo with privacy glass. Door leading off to kitchen, door leading off to lounge.

Lounge - 3.73m x 2.82m (12'3 x 9'3) - Measurements taken at widest points.

Carpet flooring, doubler radiator, front facing white uPVC double-glazed bow window, stylish fireplace with quartz surround, matching hearth and back and built in coal effect gas fire. Partially-glazed door leading to separate dining room.

Dining Room - 2.54m x 2.31m (8'4 x 7'7) - Carpet flooring, doubler radiator, rear facing white uPVC double-glazed window with lovely views over the rear garden. Interconnecting doorway which leads into the kitchen.

Kitchen - 3.23m x 3.00m (10'7 x 9'10) - Carpet tile flooring, double radiator, rear facing white uPVC double-glazed window with lovely views over the garden. Modern fitted kitchen with a range of wall and floor units in a cream finish with contrasting laminate work surfaces. Integrated gas oven, 4 ring hob and electric extractor. Stainless steel sink with bowl and a half, single drainer and matching monobloc tap. Space and plumbing for a washing machine, space for tall fridge/freezer, built in larder cupboard providing additional storage, uPVC double-glazed door leads the outside utility space, partially-glazed door leading to entrance hall.

Utility Space - White uPVC double-glazed door to the front providing access to the front and uPVC double-glazed door to the rear providing access to the rear garden. The utility space is really handy and the location of the boiler and provides opportunity for further storage. A former coal house provides opportunity for good levels of storage and the former wash house also benefits from electric sockets, lighting, original Belfast sink and cold water tap. UPVC single-glazed window which faces out on to garden. This is an extremally useful additional space for storage etc.

First Floor Landing - 2 side facing white uPVC double-glazed windows, loft hatch. 3 doors leading off, 2 to bedrooms and 1 to bahtroom,

Bathroom - 2.31m x 1.68m (7'7 x 5'6) - Vinyl slate effect flooring, chrome towel heater style radiator, 2 white uPVC double-glazed windows, side and rear facing, with privacy glass. Double walk in shower cubicle with fixed glass shower screen and shower fed from the main combi boiler system, toilet with low level cistern, sink with single pedestal and chrome tap. UPVC cladding to walls and ceiling. This is a lovely modern bathroom.

Bedroom 1 - 4.01m x 2.64m (13'2 x 8'8) - Measurements taken at widest points but do not include depth of fitted wardrobes.
Carpet flooring, doubler radiator, front facing white uPVC double-glazed window. Professionally installed fitted wardrobes to 1 wall providing a good degree of storage and hanging space. Additional built in cupboard providing additional storage. This is a good size double bedroom.

Bedroom 2 - 3.25m x 2.67m (10'8 x 8'9) - Carpet flooring, doubler radiator, rear facing white uPVC double-glazed window. Built in cupboard providing additional storage. This is also a double bedroom.

Externally - The property has very well maintained front garden with lawn, borders and pathway leading to 3 steps leading into uPVC double-glazed door.

The property benefits from a lovely rear garden plot, where the garden is mostly west facing and is exceptionally well maintained with manicured lawn, borders and permitter fencing to 3 sides. This is a real asset to the property.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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