3 Bed Terraced House, Single Let, Sunderland, SR2 8QL, £60,000

Cairo Street, Sunderland, SR2 8QL - 2 months ago

Under Offer
BTL
ROI: 12%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£40K - £510K
Sold Prices/m²£405/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£645/m²

Value Estimate

£72,600
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£595 - £3,500

Rent Estimate

£502

Running Costs/mo

£308

Cashflow/mo

£194

Cashflow/yr

£2,329

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £40K to £510K, average is £130K. £405/m² to £2.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£140K08/210.07 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£46K03/210.11 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£135K06/230.16 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.16 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£62K06/230.19 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£190K09/230.19 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£240K09/210.2 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£68.4K05/210.27 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£144K12/200.27 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.27 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£260K06/210.29 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£65.6K02/230.3 mi11, Tower Street West, Sunderland, Tyne And Wear SR2 8JY3
£335K02/210.31 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£80K04/210.32 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.32 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£73K01/230.35 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.35 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£216.5K11/200.35 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£105K03/230.37 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3
£80K12/220.39 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£245K03/210.4 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£510K09/220.41 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£40K01/210.43 mi29, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£50K07/210.43 mi44, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£51.5K04/230.43 mi18, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£140K06/210.43 mi76, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£72K08/210.43 mi35, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£145K01/210.47 mi22, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PD3
£86K09/210.47 mi131, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£100K05/210.47 mi121, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£65K01/210.47 mi155, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£110K11/200.47 mi8, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PE3
£95K02/230.48 mi139, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£125K11/200.5 mi43, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£150K06/210.5 mi27, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£247K03/210.5 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.5 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.5 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.5 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.5 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£108K08/230.52 mi5, Crossby Court, Sunderland, Tyne And Wear SR2 8BX3
£96K12/200.53 mi25, Grange Street South, Sunderland, Tyne And Wear SR2 9QS3
£110K02/230.53 mi5, St Vincent Street, Sunderland, Tyne And Wear SR2 8EU3
£175K02/210.54 mi49, Victoria Avenue West, Sunderland, Tyne And Wear SR2 9PQ3
£155K07/230.54 mi26, Woodstock Avenue, Sunderland, Tyne And Wear SR2 9NT3
£118K04/230.55 mi15, Westheath Avenue, Sunderland, Tyne And Wear SR2 9NR3
£268K04/230.56 mi3, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£284K11/200.56 mi1, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£160K05/210.57 mi12, Leominster Road, Sunderland, Tyne And Wear SR2 9HG3
£185K12/220.59 mi8, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3

Local Rents

13 rents from £595/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£65009/240.1 mi-3
£59501/250.1 mi-3
£65001/250.1 mi-3
£65009/240.1 miSaint Leonard Street, Sunderland, SR23
£79501/250.1 mi-3
£3,50004/250.19 mi-3
£70012/240.38 mi-3
£73004/250.4 mi-3
£87504/250.41 mi-3
£82509/240.47 mi-3
£85009/240.51 miGrange Street South, Sunderland, Tyne and Wear, SR23
£61004/250.6 mi-3
£70009/240.61 miOswald Terrace, Grangetown, Sunderland3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £60,000

February 17, 2025

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Garden Ground Space +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 3 bedroom mid-terraced house located in Sunderland. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 3 bedrooms, lounge, kitchen, bathroom and back garden space.

Investment details

It currently produces an annual gross income of £6,024 which could be increased by the new owner to a market rate of £8,844 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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