2 Bed Flat, Single Let, Sunderland, SR3 1HN, £125,000

Seaham Street, Silksworth, Sunderland, SR3 1HN - a month ago

Leasehold

BTL

~68 m²

+5 photos

ValuationOvervalued

Sold Prices	£33K - £97K
Sold Prices/m²	£592/m² - £1.9K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£76,165£76,165

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£7,450£7,450
Total Cash In	£38,700£38,700

Cash Out
Rent Range	£500 - £800£500 - £800
Rent Estimate	£500
Running Costs/mo	£511£511
Cashflow/mo	£-11£-11
Cashflow/yr	£-127£-127
Gross Yield	5%5%

Local Sold Prices

21 sold prices from £33K to £97K, average is £60K. £592/m² to £1.9K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£37K	03/23	0.17 mi	42, Blind Lane, Sunderland, Tyne And Wear SR3 1AS	£592	63	2	Flat
£70K	10/20	0.64 mi	44, Ravelston Close, Sunderland, Tyne And Wear SR3 2PL	£1,206	58	2	Flat
£55K	05/23	0.67 mi	18, The Strand, Sunderland, Tyne And Wear SR3 3DS	£1,122	49	2	Flat
£52.5K	10/21	0.76 mi	11, Plane Tree Court, Sunderland, Tyne And Wear SR3 2TL	-	-	2	Flat
£52K	02/21	0.78 mi	8, Aspen Court, Sunderland, Tyne And Wear SR3 2TJ	£867	60	2	Flat
£45K	12/22	0.78 mi	62, Aberdare Road, Farringdon, Sunderland, Tyne And Wear SR3 3EG	£633	71	2	Flat
£76K	08/21	0.83 mi	36, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF	-	-	2	Flat
£90K	09/22	0.84 mi	2, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF	-	-	2	Flat
£63.5K	10/22	0.85 mi	10, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF	£1,114	57	2	Flat
£92K	12/20	0.85 mi	12, Priestsfield Close, Sunderland, Tyne And Wear SR3 2SF	£1,878	49	2	Flat
£80K	11/20	0.86 mi	12, Skipsea View, Sunderland, Tyne And Wear SR2 0BX	£1,538	52	2	Flat
£33K	05/21	0.89 mi	107, Allendale Road, Sunderland, Tyne And Wear SR3 3EA	£647	51	2	Flat
£47K	04/21	0.89 mi	9, Carlisle House, Ashford Road, Sunderland, Tyne And Wear SR3 3EB	-	-	2	Flat
£62K	10/23	0.91 mi	35, Padonhill, Sunderland, Tyne And Wear SR3 2RX	£1,069	58	2	Flat
£50K	02/21	0.95 mi	20, Maltby Close, Sunderland, Tyne And Wear SR3 2QR	£909	55	2	Flat
£57K	07/22	0.95 mi	12, Maltby Close, Sunderland, Tyne And Wear SR3 2QR	-	-	2	Flat
£72.5K	08/21	0.97 mi	19, Melvaig Close, Sunderland, Tyne And Wear SR3 2QX	-	-	2	Flat
£97K	12/22	0.97 mi	16, Maree Close, Sunderland, Tyne And Wear SR3 2QZ	£1,644	59	2	Flat
£95K	08/23	0.98 mi	4, Maree Close, Sunderland, Tyne And Wear SR3 2QZ	£1,863	51	2	Flat
£45K	07/21	0.99 mi	19, Marlesford Close, Sunderland, Tyne And Wear SR3 2QW	-	-	2	Flat
£60K	06/22	0.99 mi	18, Merrington Close, Sunderland, Tyne And Wear SR3 2QE	£1,132	53	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£650	09/24	0.14 mi	Castlereagh Street, Silksworth	2	Terraced House
£800	03/25	0.15 mi	-	2	Semi-Detached House
£750	09/24	0.26 mi	Sunnybrow, Silksworth, Sunderland	2	Semi-Detached House
£500	02/24	0.27 mi	-	2	Terraced House
£500	03/24	0.27 mi	-	2	Terraced House
£500	09/24	0.27 mi	Somerset Cottages, Sunderland, SR3	2	Terraced House
£575	08/23	0.33 mi	-	2	Semi-Detached House
£675	09/23	0.4 mi	-	2	Semi-Detached House
£650	09/24	0.41 mi	Dene Street, Sunderland, SR3	2	Terraced House

Local Area Statistics

Population in SR3	38,30638,306
Population in Sunderland	183,740183,740
Town centre distance	2.05 miles away2.05 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.95 miles away1.95 miles away

Rental growth (12m)	+32%+32%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £125,000

February 23, 2025

Description

Apartment +
2 Bedrooms +
Living Room +
Kitchen +
100% Ownership +
No Chain Involved +
Viewing Advised +
EPC Rating: B +

100% OWNERSHIP - Beckwith Mews is an exciting extra care development located in the heart of Silksworth, providing 40 two bedroom apartments which provide spacious accommodation with wheelchair access, a kitchen and level access shower room. There is a full time court manager and 24 hour care and support services available, tailored to individual needs. facilities include a restaurant and a hairdressing salon, communal lounge, gardens with seating areas. This apartment is located on the second floor with lift access and briefly comprises of: Entrance Hall, Living Room, Kitchen, Shower / BathRoom & 2 Bedrooms one of which is currently used as dining room. The property provides modern ready to move into accommodation that should be viewed to be fully appreciated. There is NO ONWARD CHAIN INVOLVED with the sale.

Entrance Hall - A spacious hallway having a storage cupboard and cloak cupboard

Living Room - 4.60 max x 4.00 max (15'1" max x 13'1" max) - The living room has a range of double glazed windows incorporating a double glazed door opening to a Juliet balcony, feature fire with electric fire, opening to:

Kitchen - The kitchen has a range of floor and wall units, tiled splashback, electric hob with electric oven, stainless steel sink and drainer with mixer tap.

Bedroom 1 - 4.30 x 2.90 (14'1" x 9'6") - Double glazed window, range of fitted wardrobes, access to the shower room.

Shower Room - Jack and Jill style shower room accessed from bedroom 1 and the entrance hall. White suite comprising of a wash hand basin sat on a vanity unit, low level WC, walk in disabled shower/ bath.

Bedroom 2 - 4.07 x 2.43 (13'4" x 7'11" ) - Double glazed window.

Council Tax - The Council Tax Band is Band A.

Tenure - We are advised by the Vendors that the property is held on a leasehold basis for a term of 125 years from 1st January 2009. Any prospective purchaser should clarify this with their Solicitor

Agent Details

Michael Hodgson, Sunderland

0191 625 0998

Next Steps?

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

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