3 Bed Terraced House, Single Let, Sunderland, SR2 7BU, £140,000

Lorne Terrace, Sunderland, SR2 7BU - 2 months ago

Auction
BTL
ROI: 5%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£33.5K - £289K
Sold Prices/m²£284/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£106,590

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£590 - £3,500

Rent Estimate

£803

Running Costs/mo

£618

Cashflow/mo

£185

Cashflow/yr

£2,219

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £33.5K to £289K, average is £122.1K. £284/m² to £2.6K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£165K03/210.04 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£182.5K08/230.04 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£110K11/210.07 mi4, Briery Vale Close, Sunderland, Tyne And Wear SR2 7HY3
£80K03/230.1 mi12, Briery Vale Road, Sunderland, Tyne And Wear SR2 7HE3
£115K07/230.12 mi6, St Georges Way, Sunderland, Tyne And Wear SR2 7BW3
£125K04/230.16 mi28, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£160K08/210.16 mi24, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£177.9K05/230.16 mi21, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£116.5K01/210.19 mi19, Alice Street, Sunderland, Tyne And Wear SR2 7AL3
£82.5K02/210.19 mi2, Alice Street, Sunderland, Tyne And Wear SR2 7AL3
£144K07/210.19 mi11, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP3
£199.9K12/200.3 miHolmlands House, Tunstall Road, Sunderland, Tyne And Wear SR2 7RR3
£268K04/230.3 mi3, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£284K11/200.3 mi1, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£195K12/200.35 mi24, Beechwood Terrace, Sunderland, Tyne And Wear SR2 7LY3
£230K12/200.35 mi15, Beechwood Terrace, Sunderland, Tyne And Wear SR2 7LY3
£189K12/220.35 mi68, Belle Vue Park West, Sunderland, Tyne And Wear SR2 7SB3
£110K02/230.37 mi5, St Vincent Street, Sunderland, Tyne And Wear SR2 8EU3
£197.5K10/200.37 mi12, Belle Vue Road, Sunderland, Tyne And Wear SR2 7SQ3
£220K03/210.39 mi40, Ashwood Terrace, Sunderland, Tyne And Wear SR2 7NB3
£180K06/230.44 mi20, Otto Terrace, Sunderland, Tyne And Wear SR2 7LW3
£239.9K08/230.46 mi24, Tunstall Park, Sunderland, Tyne And Wear SR2 7SJ3
£71K04/210.49 mi6, The Knoll, Sunderland, Tyne And Wear SR2 7PL3
£80K04/210.5 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.5 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£289K08/210.5 mi1, Alexandra Park, Sunderland, Tyne And Wear SR3 1XJ3
£130K01/230.52 mi2, Ivanhoe Crescent, Sunderland, Tyne And Wear SR2 7QE3
£75K06/210.53 mi26, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£64K06/210.53 mi1, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£64K06/210.53 mi1, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£75K06/210.53 mi26, Rosedale Street, Sunderland, Tyne And Wear SR1 3RW3
£80K12/220.53 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£68.4K05/210.54 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£110K05/230.54 mi12, Cedric Crescent, Sunderland, Tyne And Wear SR2 7QP3
£133K07/230.54 mi6, Cedric Crescent, Sunderland, Tyne And Wear SR2 7QP3
£245K02/230.54 mi5, Lambourne Road, Sunderland, Tyne And Wear SR2 9BX3
£75K10/200.55 mi16, Thelma Street, Sunderland, Tyne And Wear SR4 7HA3
£33.5K07/230.55 mi36, Thelma Street, Sunderland, Tyne And Wear SR4 7HA3
£181K04/230.56 mi4, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP3
£73K01/230.56 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.56 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£155K12/230.56 mi66, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LW3
£140K02/210.56 mi71, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LW3
£82.5K07/230.57 mi25, Hutton Street, Sunderland, Tyne And Wear SR4 7HB3
£90K06/230.57 mi12, Vale Street, Sunderland, Tyne And Wear SR4 7NB3
£123.2K02/240.58 mi36, Hurstwood Road, Sunderland, Tyne And Wear SR4 7LE3
£110K07/210.58 mi27, Hurstwood Road, Sunderland, Tyne And Wear SR4 7LE3
£111K04/240.58 mi12, Fernville Street, Sunderland, Tyne And Wear SR4 7LX3
£125K03/220.6 mi41, The Leazes, Sunderland, Tyne And Wear SR1 3SW3
£121K06/230.6 mi18, The Leazes, Sunderland, Tyne And Wear SR1 3SW3

Local Rents

13 rents from £590/mo to £3.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£78009/240.09 mi-3
£78003/250.09 mi-3
£95003/250.12 mi-3
£97509/240.16 miCresswell Terrace, Sunderland3
£3,50003/250.18 mi-3
£90009/240.27 miThornlea Court, Thornhill, Sunderland, SR23
£82509/240.35 mi-3
£1,40009/240.54 miFawcett Street Student Accommodation, City Centre, SUNDERLAND, SR13
£59003/250.57 mi-3
£90003/250.57 mi-3
£1,40009/240.58 miFawcett Street, City Centre, Sunderland, SR13
£1,40009/240.58 miStudent Accommodation @ Fawcett Street, City Centre, Sunderland, SR13
£80009/240.58 miHurstwood Road, High Barnes, Sunderland3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.34 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £140,000

February 16, 2025

Floor Plans

Description

  • Immediate 'exchange fo contracts' available +
  • Sold via 'secure sale' +
  • 3-Bed +
  • 2-Bath +
  • Great location +
  • SR2 +
  • Close to city centre +
  • Great opportunity +
  • Large rooms +
  • Well maintained +

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties. Situated in the ever-popular Ashbrooke area of Sunderland, this well presented 3-Bed, 2-Bathroom property is available untenanted. Within close, walking distance proximity to the City Centre, the University’s City Campus, Park Lane interchange and all major transport links, this property will appeal a wide range of buyers. The accommodation comprises: Entry and Hallway: A well-presented front aspect of the property leads to a large hallway which benefits from quality carpeting throughout and leads to the living areas and beautifully presented staircase to the first floor. Living Room: The significantly proportioned living room benefits from original features, a fireplace with hearth and surround, as well as a large bay window. Carpeted throughout to a high standard and very well presented. Dining Room: The large dining room overlooks the rear courtyard and is carpeted throughout and well presented. With a large fireplace with surround and hearth, the room benefits from a large storage cupboard. Kitchen/Diner: The kitchen provides an impressively large footprint and is located at the rear of the property. Accessible by the main hallway, the kitchen also provides convenient access to the rear courtyard. With an integrated oven and hob and extractor, as well as significant storage space throughout, there is ample room for large appliances and furniture. Rear Courtyard: The large rear courtyard is secure by electric roller-shutter access from the rear and is low maintenance. First Floor: Bathroom 1: With a large floor area, large shower unit with accompanying toilet and wash basin. The room benefits from a large but private upvc double-glazed window.   Bathroom 2: This large second bathroom contains a large shower unit, wash basin and toilet. With quality flooring throughout, the room is fully functional and low maintenance. Bedroom 1: Located at the front of the property, the master bedroom is large and carpeted throughout. With a separate cupboard area inbuilt in the alcove area providing additional storage.   Bedroom 2: With similar dimensions to Bedroom 1 and located overlooking the rear courtyard. This bedroom is carpeted throughout with an abundance of space and a separate inbuilt cupboard area for additional storage. Bedroom 3: Located at the front of the property, the 3rd bedroom is well proportioned and provides ample space for a large bed and additional furniture. Heating System: Gas combi central heating. Auctioneer Comments:

Pattinson Auction are working in Partnership with the the Marketing Agent (Good Estate Agent Sunderland) on this online auction sale and are referred to below as ‘The Auctioneer’. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax Band The council tax band for this property is B.

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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