2 Bed Terraced House, Cash/Bridging Only, Sunderland, SR2 8LA, £38,000

Hendon Burn Avenue, Sunderland, Tyne and Wear, SR2 8LA - 1 views - a month ago

Auction
BTL
ROI: 23%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£30K - £182K
Sold Prices/m²£396/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£558/m²

Value Estimate

£54,326
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£9,500

Stamp Duty & Legal Fees

£2,550

Total Cash In

£12,050

 

 

Cash Out

 

Rent Range

£475 - £2,000

Rent Estimate

£538

Running Costs/mo

£246

Cashflow/mo

£292

Cashflow/yr

£3,500

ROI

29%

Gross Yield

17%

Local Sold Prices

50 sold prices from £30K to £182K, average is £50K. £396/m² to £2.2K/m², average is £798/m².

PriceDateDistanceAddressBeds 
£55K07/230 mi37, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£36K07/210 mi39, Hendon Burn Avenue, Sunderland, Tyne And Wear SR2 8LA2
£35.5K12/200.05 mi64, Tower Street West, Sunderland, Tyne And Wear SR2 8JY2
£47K11/210.07 mi53, Mainsforth Terrace West, Sunderland, Tyne And Wear SR2 8JX2
£64K06/210.12 mi18, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£36K10/200.12 mi25, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ2
£39K05/210.12 mi21, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£46K07/210.12 mi12, Noble Street, Sunderland, Tyne And Wear SR2 8LU2
£43K03/210.23 mi22, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£65K05/230.23 mi23, Clementina Close, Sunderland, Tyne And Wear SR2 8AG2
£54K04/210.25 mi9, Burlington Close, Sunderland, Tyne And Wear SR2 8AW2
£38K01/210.25 mi51, Cairo Street, Sunderland, Tyne And Wear SR2 8QH2
£45K04/230.25 mi7b, Fuller Road, Sunderland, Tyne And Wear SR2 8PQ2
£50K01/230.26 mi30, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QH2
£51K05/230.26 mi18, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£46.8K12/220.27 mi30, Finchale Close, Sunderland, Tyne And Wear SR2 8AR2
£50K01/230.28 mi7, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K07/230.28 mi3, Hastings Street, Sunderland, Tyne And Wear SR2 8SR2
£50K04/210.31 mi8, Coxon Street, Sunderland, Tyne And Wear SR2 8DX2
£40K10/200.32 mi72, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PW2
£45K03/210.33 mi54, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£30K11/200.33 mi52, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£35K05/210.33 mi55, St Leonard Street, Sunderland, Tyne And Wear SR2 8QE2
£33K04/230.34 mi75, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QL2
£83.3K10/220.39 mi15, Raine Grove, Sunderland, Tyne And Wear SR1 2LH2
£49K12/220.41 mi136, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£48K03/210.42 mi110, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£45K12/220.42 mi129, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PR2
£37.5K12/200.44 mi122, Cairo Street, Sunderland, Tyne And Wear SR2 8QN2
£36K04/230.44 mi121, Cairo Street, Hendon, Sunderland, Tyne And Wear SR2 8QN2
£34K04/230.52 mi167, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£33K12/200.52 mi165, St Leonard Street, Sunderland, Tyne And Wear SR2 8PZ2
£156K09/230.54 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£120.7K11/200.58 mi3, Rainford Avenue, Sunderland, Tyne And Wear SR2 7UJ2
£182K01/210.6 mi3, Romney Avenue, Sunderland, Tyne And Wear SR2 7UQ2
£65K06/230.61 mi7, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£110K01/210.64 mi3a, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP2
£48K08/210.72 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£48K08/210.72 mi10, Drury Lane, Sunderland, Tyne And Wear SR1 2AW2
£153K11/200.76 mi56, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PB2
£150K02/210.76 mi4, Winalot Avenue, Sunderland, Tyne And Wear SR2 9PL2
£75K06/210.8 mi18, Regent Terrace, Sunderland, Tyne And Wear SR2 9QN2
£165.8K08/210.86 mi7, Warnham Avenue, Sunderland, Tyne And Wear SR2 9PH2
£85K02/210.86 mi1, Grange Street South, Sunderland, Tyne And Wear SR2 9QS2
£85K12/220.88 mi22, Ocean Road North, Sunderland, Tyne And Wear SR2 9QU2
£75K06/210.9 mi14, Carnegie Street, Sunderland, Tyne And Wear SR2 9RL2
£73.5K01/210.91 mi25, Oxbridge Street, Sunderland, Tyne And Wear SR2 9NQ2
£88K06/230.92 mi52, Sea View Street, Sunderland, Tyne And Wear SR2 9QX2
£115K12/210.93 mi56, Leechmere Road, Sunderland, Tyne And Wear SR2 9NE2
£179.9K11/200.95 mi173, Queen Alexandra Road, Sunderland, Tyne And Wear SR3 1XN2

Local Rents

50 rents from £475/mo to £2K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£55009/240.17 mi-2
£55009/240.17 mi-2
£62511/240.2 mi-2
£60009/240.21 miMoreland Place, Gray Road, Hendon, Sunderland, SR22
£69011/240.21 mi-2
£80009/240.21 mi-2
£80009/240.21 mi-2
£47509/240.22 miVillette Road, Hendon, Sunderland2
£97509/240.22 miMowbray Road, Ashbrooke, Sunderland2
£57502/250.23 mi-2
£84509/240.24 miThe Oaks, Sunderland, SR22
£72503/250.24 mi-2
£69509/240.24 mi-2
£72009/240.24 mi-2
£72502/250.24 mi-2
£65009/240.27 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£65009/240.27 miFinchale Close, Hendon, Sunderland, Tyne and Wear, SR2 8AR2
£65009/240.31 mi(Formerly 1 Kensington House), Sunderland, Gray Road, Ashbrooke, SR22
£75009/240.31 mi-2
£76509/240.31 miSaint Leonard Street, Sunderland, SR22
£59503/250.32 mi-2
£95009/240.33 mi-2
£52508/240.34 mi-2
£75003/250.35 mi-2
£55003/250.35 mi-2
£65502/250.35 mi-2
£60009/240.4 miSt. Leonard Street, Sunderland, Tyne and Wear, SR22
£90002/250.45 mi-2
£65009/240.45 miPark Hall, Sunderland, Ashbrooke, SR22
£70009/240.45 miOrchard House, Belford Close, SUNDERLAND, SR22
£75009/240.46 miThe Esplanade, Sunderland, SR22
£65009/240.46 mi1-4 Ashbrooke Terrace, Sunderland2
£72509/240.47 mi-2
£75001/250.52 mi-2
£2,00002/250.52 mi-2
£65009/240.53 miGrange Crescent, Sunderland, Stockton Road, SR22
£75002/250.53 mi-2
£75001/250.53 mi-2
£70009/240.53 miSt Georges House, Ashbrooke, Sunderland, SR22
£77502/250.54 mi-2
£65009/240.54 miGrange Crescent, Stockton Road, Sunderland, SR22
£65009/240.54 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£69509/240.55 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£80009/240.56 miCity Apartments, Borough Road, Sunderland2
£59509/240.56 miSt. Leonard Street, Hendon, Sunderland, Tyne and Wear, SR2 8PZ2
£72509/240.59 miHawksley House, 26-29 John Street, Sunderland, SR12
£67509/240.59 miHawksley House, 26-29 John Street, Sunderland, SR12
£50009/240.6 mi-2
£50009/240.6 mi-2
£70009/240.61 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.92 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Price changed to £38,000

March 20, 2025

Listed for £45,000

February 24, 2025

Description

This Two/Three bedroom dormer cottage close to local amenities and good transport links. This is an ideal investment property to add to an existing portfolio or for a first adventure but equally be perfect as a family home. Briefly comprising; Entrance Hall, lounge leading to the dining room/ third Bedroom, kitchen, family bathroom with white suite, two spacious upstairs bedrooms and rear yard with the potential for secure parking.
We expect a high level of demand on this property so please call early to avoid disappointment

Entrance Hall
Lounge- 13,10 x 18,0 Max
Kitchen- 14,5 x 6,7
Inner Lobby
Bedroom 1- 13,7 x 12,1
Bedroom 2- 16,1 x 7,11
Bedroom 3- 12,8 x 10,9

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Bridgfords, Washington

0191 625 0984

Next Steps?

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