3 Bed Bungalow, Refurb/BRRR, Sunderland, SR4 8QW, £325,000

1 Norway Avenue, High Barnes, Sunderland, SR4 8QW - 3 views - a month ago

Refurb/BRRR
ROI: 2%
~93 m²
+20 photos

ValuationOvervalued

Sold Prices£80K - £306K
Sold Prices/m²£946/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£137,778

 

 

End Value (After Refurb)

£224,688

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£35,688

Bridging Loan Interest

£8,531

Total Cash In

£141,919

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£224,688

Mortgage (After Refinance)

£168,516

Mortgage LTV

75%

Cash Left In

£141,919

Equity

£56,172

Rent Range

£725 - £2,350

Rent Estimate

£1,202

Running Costs/mo

£963

Cashflow/mo

£239

Cashflow/yr

£2,873

ROI

2%

Gross Yield

4%

Local Sold Prices

50 sold prices from £80K to £306K, average is £143K. £946/m² to £3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£185K01/230.03 mi15, Norway Avenue, Sunderland, Tyne And Wear SR4 8QW3
£223.8K07/230.09 mi54, Killingworth Drive, High Barnes, Sunderland, Tyne And Wear SR4 8QS3
£210K01/230.11 mi5, Winston Crescent, Sunderland, Tyne And Wear SR4 8RH3
£155K02/210.15 mi8, Southmayne Road, Sunderland, Tyne And Wear SR4 8NF3
£192K12/220.16 mi80, Killingworth Drive, High Barnes, Sunderland, Tyne And Wear SR4 8QX3
£167.3K12/200.18 mi40, Westfield Grove, Sunderland, Tyne And Wear SR4 8QZ3
£218K07/230.18 mi11, Westfield Grove, Sunderland, Tyne And Wear SR4 8QZ3
£299.9K03/240.19 mi2, Woodville Crescent, Sunderland, Tyne And Wear SR4 8RD3
£130K04/230.19 mi25, Shoreham Square, Sunderland, Tyne And Wear SR3 4DP3
£108K06/210.23 mi30, Springwell Road, Sunderland, Tyne And Wear SR3 4DX3
£118K12/200.23 mi32, Springwell Road, Sunderland, Tyne And Wear SR3 4DX3
£200K10/230.23 mi12, The Broadway, Sunderland, Tyne And Wear SR4 8LS3
£204K09/230.23 mi18, The Broadway, Sunderland, Tyne And Wear SR4 8LS3
£139K06/230.24 mi85, Springwell Road, Sunderland, Tyne And Wear SR3 4DZ3
£120K06/230.26 mi69, Hexham Road, Sunderland, Tyne And Wear SR4 8BW3
£180K10/230.28 mi11, Broadmayne Avenue, Sunderland, Tyne And Wear SR4 8LY3
£185K08/210.28 mi18, Broadmayne Avenue, Sunderland, Tyne And Wear SR4 8LY3
£140K08/230.28 mi32, Broadmayne Avenue, Sunderland, Tyne And Wear SR4 8LY3
£235K04/230.3 mi119, Mount Road, Sunderland, Tyne And Wear SR4 7QB3
£120K05/230.3 mi82, Kitchener Street, Sunderland, Tyne And Wear SR4 7QL3
£199.9K04/210.31 mi11, Nairn Close, Sunderland, Tyne And Wear SR4 8RN3
£145K01/210.32 mi30, Nookside, Sunderland, Tyne And Wear SR4 8ND3
£170K05/210.32 mi39, Broadmayne Avenue, Sunderland, Tyne And Wear SR4 8LU3
£209.9K04/240.32 mi33, Broadmayne Avenue, Sunderland, Tyne And Wear SR4 8LU3
£80K08/210.33 mi18, Shaftesbury Crescent, Sunderland, Tyne And Wear SR3 4AS3
£91.5K08/210.34 mi72, Hadleigh Road, Sunderland, Tyne And Wear SR4 8BP3
£105K11/230.35 mi236, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£141K08/210.35 mi255, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£139K11/200.35 mi237, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£155K08/210.35 mi232, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£150K04/240.35 mi247, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£131K04/240.35 mi226, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£136.8K04/210.35 mi241, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£140K06/210.35 mi261, Cleveland Road, Sunderland, Tyne And Wear SR4 7QS3
£91K04/210.35 mi4, Hexham Road, Sunderland, Tyne And Wear SR4 8BN3
£130K06/210.36 mi18, Stamford Avenue, Sunderland, Tyne And Wear SR3 4AT3
£120.5K07/210.36 mi7, Stamford Avenue, Sunderland, Tyne And Wear SR3 4AT3
£105K02/210.37 mi18, Simonside Road, Sunderland, Tyne And Wear SR3 4EP3
£115K04/210.38 mi37, Southend Road, Sunderland, Tyne And Wear SR3 4AX3
£145K07/230.38 mi49, Southend Road, Sunderland, Tyne And Wear SR3 4AX3
£145K08/210.39 mi31, Farnham Terrace, Sunderland, Tyne And Wear SR4 7SB3
£162K06/230.39 mi33, Farnham Terrace, Sunderland, Tyne And Wear SR4 7SB3
£118K12/200.39 mi84, Sunningdale Road, Sunderland, Tyne And Wear SR3 4ES3
£188K10/230.39 mi158, Mount Road, Sunderland, Tyne And Wear SR4 7QD3
£150K01/210.39 mi117, Mount Road, Sunderland, Tyne And Wear SR4 7QD3
£115K06/230.4 mi8, Kitchener Street, Sunderland, Tyne And Wear SR4 7QJ3
£113K12/230.4 mi41, Nora Street, Sunderland, Tyne And Wear SR4 7QW3
£306K06/210.4 mi17, Sutherland Drive, Sunderland, Tyne And Wear SR4 8RJ3
£122K02/210.41 mi8, Eastfield Street, Sunderland, Tyne And Wear SR4 7SA3
£140K02/210.41 mi24, Helmsdale Road, Sunderland, Tyne And Wear SR4 8BZ3

Local Rents

16 rents from £725/mo to £2.4K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£2,35003/250.12 mi-3
£1,35002/250.12 mi-3
£89503/250.26 mi-3
£1,95009/240.35 mi-3
£1,95001/250.35 mi-3
£2,30003/250.35 mi-3
£1,00009/240.4 miMount Road, High Barnes, Sunderland3
£78511/240.44 mi-3
£82502/250.44 mi-3
£85003/250.5 mi-3
£72509/240.54 mi1 Paisley Square, Sunderland3
£87509/240.54 miHevingham Close, Havelock Park, Sunderland, Tyne and Wear, SR43
£75009/240.54 miPlains Road, Plains Farm, Sunderland , SR33
£77509/240.56 miHaydon Square3
£85009/240.58 mi-3
£85009/240.58 miGoole Road, Sunderland, SR43

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.65 miles away

Nearest school

0.30 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £325,000

February 20, 2025

Description

  • GREATLY EXTENDED 3 DOUBLE BED BUNGALOW +
  • FULL & COMPREHENSIVE RENOVATION AT SIGNIFICANT COST +
  • GARAGE & DRIVEWAY +
  • EPC RATING (to follow) +
  • SIMPLY STUNNING LOUNGE/KITCHEN +
  • PRINCIPAL BEDROOM SUITE WITH DRESSING AREA, DUAL SINKS & BATH +
  • ADDITIONAL BEDROOM WITH EN SUITE & DRESSING ROOM +
  • UTILITY/OFFICE AREA +
  • QUALITY KITCHEN WITH QUARTZ WORKTOPS & ISLAND +
  • PART ENCLOSED LEISURE AREA WITH GARDEN ROOM & HOT TUB +

GREATLY EXTENDED 3 DOUBLE BED BUNGALOW - FULL & COMPREHENSIVE RENOVATION AT SIGNIFICANT COST - GARAGE & DRIVEWAY - SIMPLY STUNNING LOUNGE/KITCHEN - PRINCIPAL BEDROOM SUITE WITH DRESSING AREA, DUAL SINKS & BATH - ADDITIONAL BEDROOM WITH EN SUITE & DRESSING ROOM - UTILITY/OFFICE AREA - QUALITY KITCHEN WITH QUARTZ WORKTOPS & ISLAND - PART ENCLOSED LEISURE AREA WITH GARDEN ROOM & HOT TUB … Good Life Homes are delighted to bring to the market a 3 double bedroom one-level bungalow which has been considerably extended to create significantly more living space than the standard living space and actually looks like 2 bungalows joined together! Occupying a prominent position and a prime spot on the corner of Killingworth Drive and Norway Avenue and just opposite Barnes Park, the current owners embarked on a huge renovation project but have recently decided to emigrate overseas and as a consequence, the home they expected to stay in for a number of years is now available for sale. The bungalow will suit someone who would like one-level living without compromising on space. Even the hot tub can stay which allows you to jet-wash away your aches at 40 degrees or use it to entice your family and friends to come and visit more often! An unbelievable unique home. When it’s sold it’s sold so don’t wait! 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 - GREATLY EXTENDED 3 DOUBLE BED BUNGALOW - FULL & COMPREHENSIVE RENOVATION AT SIGNIFICANT COST - GARAGE & DRIVEWAY - SIMPLY STUNNING LOUNGE/KITCHEN - PRINCIPAL BEDROOM SUITE WITH DRESSING AREA, DUAL SINKS & BATH - ADDITIONAL BEDROOM WITH EN SUITE & DRESSING ROOM - UTILITY/OFFICE AREA - QUALITY KITCHEN WITH QUARTZ WORKTOPS & ISLAND - PART ENCLOSED LEISURE AREA WITH GARDEN ROOM & HOT TUB …

Entrance Hall - Porcelain tile flooring, designer style vertical radiator. Doors leading off to utility space or office, bedroom 1, bedroom 2 and bathroom. Large built-in storage cupboard.

Bathroom - 2.08m x 2.01m (6'10 x 6'7) - Measurements taken at widest points. A very stylish well appointed quality bathroom renovated including porcelain tile flooring, gold style towel heater radiator, toilet with concealed cistern and push button flush, sink with drawer unit beneath and gold-effect tap, bath with style panel, gold-effect tap with matching showerhead attachment. The walls are finished in a stylish Metro tile, front facing white uPVC double-glazed window with privacy glass.

Bedroom 3 - 4.45m x 3.35m (14'7 x 11'0) - Measurements are approx. and taken into bay. Laminate slate-effect tiles, vertical radiator, front facing white uPVC double-glazed bay window with built-in storage. This is a good size double bedroom.

Master Bedroom - 8.43m x 3.61m (27'8 x 11'10) - One of the most stunning master bedrooms we have seen in recent times. The design of the bedroom was based on a hotel theme suite with porcelain tile flooring, vertical radiators, concealed dressing area with bespoke built-in units including drawer and hanging space. Space for a large king size plus bed, built-in drawer unit with dual sinks and chrome taps, impressive Jacuzzi style bath with chrome taps, showerhead attachment, jets and LED lights. This impressive bedroom is accessed via the main entrance hall, uPVC double-glazed patio doors with built-in blinds which lead out to the internal rear garden and leisure area.

Utility And Or Study - 3.05m x 3.05m (10'0 x 10'0) - A versatile space which leads from the entrance hall to the lounge/kitchen and could be used as a snug, home office or separate utility area. Although, it should be noted that all the necessary appliances are included in the kitchen area which frees up this particular space to be used as the owners wish. Porcelain tile flooring, vertical radiator, professionally installed built-in cupboards which match the kitchen units in a shaker style which include washing machine and dryer, open doorway which leads through to an impressive kitchen/dining room.

Kitchen/Dining/Lounge - 6.86m x 5.05m (22'6 x 16'7) - An absolutely stunning open plan space which has had huge expenditure in recent years by the current vendors and includes a quality Howdens shaker style fitted kitchen with extensive quality quartz work surfaces, including a beautiful and impressive island with not only a quartz work top but matching upstands as well allowing ample cupboard space beneath but also a seated area for informal or formal dining. The units are cleverly arranged to maximise the space and include double electric oven, American style “smart” fridge/freezer, Belfast style dual bowl sink with permeant hot water tap. Vertical designer style radiator and bi-fold doors extending over 12ft and opening up fully to provide access to the leisure area. This amazing room has also ample space for a family lounge and vertical sound proof slated boards provide a stylish backdrop to 95 inch flat screen TV which the clients intend leaving. A hidden door in the panelling leads through into bedroom 3. 2 sets of uPVC double-glazed windows, front and side facing views. Bio-ethanol Henley fire, which the vendors had installed at a cost of several thousand pounds, recessed lights to ceiling.

Bedroom 3 - 3.43m x 3.18m (11'3 x 10'5) - Slate-effect vinyl flooring, vertical designer style radiator, front facing uPVC double-glazed window with electric blinds, electric shutters. Door leading to walk-in wardrobe, door leading to en suite. This Is a good size double.

En Suite - 1.83m x 1.68m (6'0 x 5'6) - Tiled flooring, sink built into vanity unit with black tap and matching waste, toilet with low level cistern, white bath with black taps and matching sperate shower fed from hot water system. Towel heater style radiator, rear facing white uPVC double-glazed window with privacy glass. The walls are finished in a white Metro tile.

Garage - Single garage and driveway with roller shutter door. Electric sockets and lighting, cold water tap, some loft space for additional storage.

Leisure Area - Formally the rear garden to the house but has a semi permanent roof (which buyers could remove if they so wish) creating a year round area for family enjoyment which includes; a resin flooring, log fired stove, outdoor kitchen containing fridge and cooking facilities, uPVC double-glazed doors leading back into the master bed with built-in blinds, pool table (which the vendors can leave if required) seated/dining area, uPVC doors leading into a substantial garden room which contains a hot tub and protector screen, which again, the vendors intend leaving with the property. if you are looking for 1 level bungalow living without comprise on space and are not particularly keen on gardening but would make full use a leisure area when family come around or indeed for your own family, then this is the perfect space.

Externally - The property occupies a prominent corner site and has been considerably extended to almost double the size of the original bungalow. Low maintenance front and side gardens with external tiles and gravel chippings. Attractive contemporary style fencing and double-glazed door leading to entrance hall.

Agent Details

Good Life Homes Sales and Lettings, Sunderland

0191 625 0192

Next Steps?

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