2 Bed Flat, Single Let, Sunderland, SR3 2QZ, £59,950

Maree Close, Moorside, Sunderland, SR3 2QZ - 2 months ago

Leasehold
BTL
ROI: 12%
~55 m²
+8 photos

ValuationUndervalued

Sold Prices£33K - £99K
Sold Prices/m²£633/m² - £2.9K/m²

 

 

Square Metres

~54.80 m²
Price/m²£1.1K/m²

Value Estimate

£61,510
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,988

Stamp Duty & Legal Fees

£4,198

Total Cash In

£19,185

 

 

Cash Out

 

Rent Range

£500 - £800

Rent Estimate

£500

Running Costs/mo

£307

Cashflow/mo

£193

Cashflow/yr

£2,312

ROI

12%

Gross Yield

10%

Local Sold Prices

33 sold prices from £33K to £99K, average is £61K. £633/m² to £2.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£97K12/220.03 mi16, Maree Close, Sunderland, Tyne And Wear SR3 2QZ2
£95K08/230.03 mi4, Maree Close, Sunderland, Tyne And Wear SR3 2QZ2
£62K10/230.04 mi35, Padonhill, Sunderland, Tyne And Wear SR3 2RX2
£72.5K08/210.05 mi19, Melvaig Close, Sunderland, Tyne And Wear SR3 2QX2
£50K02/210.09 mi20, Maltby Close, Sunderland, Tyne And Wear SR3 2QR2
£57K07/220.09 mi12, Maltby Close, Sunderland, Tyne And Wear SR3 2QR2
£70K05/220.1 mi6, Markby Close, Sunderland, Tyne And Wear SR3 2RG2
£60K06/220.13 mi18, Merrington Close, Sunderland, Tyne And Wear SR3 2QE2
£49K10/220.14 mi8, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£67.5K05/220.14 mi14, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£51K02/230.14 mi18, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£72K04/230.14 mi4, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£52K02/210.18 mi8, Aspen Court, Sunderland, Tyne And Wear SR3 2TJ2
£67.5K09/230.18 mi7, Milsted Close, Sunderland, Tyne And Wear SR3 2RF2
£52.5K10/210.19 mi11, Plane Tree Court, Sunderland, Tyne And Wear SR3 2TL2
£48.5K10/220.25 mi11, Maxton Close, Sunderland, Tyne And Wear SR3 2RP2
£67K06/220.26 mi32, Morval Close, Sunderland, Tyne And Wear SR3 2RS2
£45K07/210.27 mi19, Marlesford Close, Sunderland, Tyne And Wear SR3 2QW2
£76K08/210.27 mi36, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£63.5K10/220.29 mi10, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£92K12/200.29 mi12, Priestsfield Close, Sunderland, Tyne And Wear SR3 2SF2
£90K09/220.3 mi2, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£47K11/210.31 mi27, Merrion Close, Sunderland, Tyne And Wear SR3 2QP2
£99K10/220.32 mi17, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£47K01/210.33 mi33, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£47K01/210.33 mi33, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£61K11/200.33 mi21, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£80K05/220.34 mi33, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£47K04/210.64 mi9, Carlisle House, Ashford Road, Sunderland, Tyne And Wear SR3 3EB2
£45K12/220.65 mi62, Aberdare Road, Farringdon, Sunderland, Tyne And Wear SR3 3EG2
£33K05/210.68 mi107, Allendale Road, Sunderland, Tyne And Wear SR3 3EA2
£70K10/200.7 mi44, Ravelston Close, Sunderland, Tyne And Wear SR3 2PL2
£55K05/230.76 mi18, The Strand, Sunderland, Tyne And Wear SR3 3DS2

Local Rents

23 rents from £500/mo to £800/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£54003/240.26 mi-2
£65009/240.27 miMorval Close, Sunderland, Tyne and Wear, SR32
£52509/240.65 miCarlisle House, Ashford Road, Farringdon, Sunderland2
£50003/250.65 mi-2
£59509/240.68 miAllendale Road, Farringdon, Sunderland2
£75009/240.73 miThe Strand, Sunderland, Tyne and Wear, SR32
£59509/240.76 miThe Strand, Lakeside Village, Sunderland2
£52509/240.76 miThe Strand, Sunderland, Tyne and Wear, SR32
£65003/240.8 mi-2
£65012/240.83 mi-2
£65007/240.83 mi-2
£80004/250.9 mi-2
£69509/240.91 miArundel Road, Sunderland, Tyne and Wear, SR3 3JW2
£65002/250.94 mi-2
£62509/240.95 miAlnwick Road, Sunderland2
£65009/240.98 miCastlereagh Street, Silksworth2
£75009/241 miSunnybrow, Silksworth, Sunderland2
£57508/231.01 mi-2
£75009/241.14 mi-2
£50009/241.15 miSomerset Cottages, Sunderland, SR32
£50002/241.15 mi-2
£50003/241.15 mi-2
£65009/241.24 miDene Street, Sunderland, SR32

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

2.64 miles away

Nearest school

0.20 miles away

Nearest train station

2.76 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £59,950

February 20, 2025

Floor Plans

Description

  • Attractive First Floor Apartment +
  • Neatly Presented Throughout +
  • 2 Bedrooms +
  • Modern Kitchen +
  • Garage in Nearby Block +
  • Popular and Convenient Location +
  • Close to Many Local Amenities +
  • Easy Access to A19 and City Centre +
  • No Upward Chain +
  • Viewing Highly Recommended +

A delightful two bedroom first floor flat within this popular area of Moorside, available with immediate vacant possession and no upper chain involved.  Internally the accommodation is accessed via its own private entrance and includes an entrance lobby with staircase to the first floor, lounge, kitchen, two bedrooms and a contemporary shower room/wc.  The flat benefits from double glazing, electric storage heaters, garden to the front and a single garage located in a nearby block.  Situated within this popular area of Moorside, the property is well served by local amenities and provides easy access to Doxford International Business Park and to major road connections including the A19.  Early viewing is highly recommended.

All On First Floor - Access via entrance door and stairs to first floor.

Landing Area - Double doors connecting through to lounge.

Lounge - 4.60 x 3.46 (15'1" x 11'4") - Large double glazed window, electric storage heater and door to kitchen.

Kitchen - 2.73 x 2.05 (8'11" x 6'8") - Fitted with a range of modern wall and base units with work surfaces over incorporating sink and drainer unit, integrated appliances include electric oven and electric hob, space for fridge freezer and washing machine, double glazed window to rear.

Bedroom 1 - 3.71 x 2.56 (12'2" x 8'4") - Measurements include fitted furniture but not sliding wardrobes. Double glazed window to front, fitted mirror fronted sliding door wardrobes and electric storage heater.

Bedroom 2 - 2.95 x 2.68 (9'8" x 8'9") - Including fitted units, double glazed window to rear and electric storage heater. Built in wardrobe.

Shower Room - Low level WC, washbasin set into vanity unit and walk in shower, tiled floor, part tiled walls, double glazed window.

Outside - Garden to the front and a garage in a nearby block.

Council Tax Band - The Council Tax Band is Band A.

Tenure Leasehold - We are advised by the Vendors that the property is Leasehold. We have been advised by the vendor the Lease Term is 99 years from 1/3/1970 and the Ground Rent is £15.00 per annum.

Ground rent review period (year/month) - to be confirmed
Annual Ground rent increase % - to be confirmed

Any prospective purchaser should clarify this with their Solicitor.

Important Notice - Particulars - Peter Heron Ltd for themselves and for the vendors of this property whose agents they are, give notice that:-
The particulars are set out for general guidance only for the intending Purchasers and do not constitute part of an offer or contract. Whilst we endeavour to make our sales particulars accurate and reliable, if there is anything of particular importance which you feel may influence your decision to purchase, please contact the office and we will be pleased to check the information. Do so particularly, if contemplating travelling some distance to view the property.
All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, however any intending purchasers should not rely on them that statements are representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Independent property size verification is recommended.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. No person in the employment of Peter Heron Ltd has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor to enter into any contract on behalf of Peter Heron Ltd, nor into any contract on behalf of the Vendor. The copyright of all details and photographs remain exclusive to Peter Heron Ltd.
Please note that in the event the purchaser uses the services of Peter Heron Conveyancing in the purchase of their home, Peter Heron Ltd will be paid a completion commission of £300.00 by Movewithus Ltd.

Fawcett Street Viewings - To arrange an appointment to view this property please contact our Fawcett Street branch on or book viewing online at peterheron.co.uk

Opening Times - Monday to Friday 9.00am - 5.00pm Saturday 9.00am - 12noon

Ombudsman - Peter Heron Estate Agents are members of The Property Ombudsman and subscribe to The Property Ombudsman Code of Practice.

Agent Details

Peter Heron Residential Sales and Lettings, Sunderland

0191 625 1058

Next Steps?

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