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

Hendon Burn Avenue, Sunderland, Tyne and Wear, SR2 8LA - 2 months ago

Auction
BTL
~93 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£409/m²

Value Estimate

£45,980
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

£595 - £3,500

Rent Estimate

£0

Running Costs/mo

£139

Cashflow/mo

£-139

Cashflow/yr

£-1,665

Gross Yield

14%

Local Sold Prices

50 sold prices from £40K to £510K, average is £118.3K. £405/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£73K01/230.02 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.02 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£65.6K02/230.05 mi11, Tower Street West, Sunderland, Tyne And Wear SR2 8JY3
£80K12/220.06 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£80K04/210.11 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.11 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£68.4K05/210.12 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£40K01/210.12 mi29, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£50K07/210.12 mi44, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£51.5K04/230.12 mi18, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£86K09/210.15 mi131, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£100K05/210.15 mi121, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£65K01/210.15 mi155, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£95K02/230.16 mi139, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£108K08/230.2 mi5, Crossby Court, Sunderland, Tyne And Wear SR2 8BX3
£110K02/230.25 mi5, St Vincent Street, Sunderland, Tyne And Wear SR2 8EU3
£135K06/230.37 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.37 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£140K08/210.38 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£102K05/230.38 mi19, Raine Grove, Sunderland, Tyne And Wear SR1 2LH3
£46K03/210.45 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£190K09/230.46 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£62K06/230.49 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£240K09/210.5 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£268K04/230.54 mi3, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£284K11/200.54 mi1, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£115K07/230.55 mi6, St Georges Way, Sunderland, Tyne And Wear SR2 7BW3
£165K03/210.56 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£182.5K08/230.56 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£260K06/210.6 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£144K12/200.61 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.61 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£80K03/230.62 mi12, Briery Vale Road, Sunderland, Tyne And Wear SR2 7HE3
£110K11/210.63 mi4, Briery Vale Close, Sunderland, Tyne And Wear SR2 7HY3
£335K02/210.64 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£125K04/230.64 mi28, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£160K08/210.64 mi24, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£177.9K05/230.64 mi21, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£144K07/210.64 mi11, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP3
£216.5K11/200.65 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£247K03/210.67 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.67 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.67 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.67 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.67 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£116.5K01/210.67 mi19, Alice Street, Sunderland, Tyne And Wear SR2 7AL3
£82.5K02/210.67 mi2, Alice Street, Sunderland, Tyne And Wear SR2 7AL3
£245K03/210.69 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£510K09/220.71 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£105K03/230.71 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3

Local Rents

11 rents from £595/mo to £3.5K/mo, average is £730/mo.

RentDateDistanceAddressBeds 
£87504/250.07 mi-3
£3,50004/250.15 mi-3
£73004/250.17 mi-3
£82509/240.24 mi-3
£65009/240.24 mi-3
£59501/250.24 mi-3
£65001/250.24 mi-3
£65009/240.24 miSaint Leonard Street, Sunderland, SR23
£61004/250.26 mi-3
£79501/250.33 mi-3
£95003/250.54 mi-3

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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