2 Bed Flat, Single Let, Sunderland, SR3 2QR, £55,000

211C Maltby Close, Sunderland, SR3 2QR - 1 views - a month ago

Leasehold
Auction
BTL
ROI: 14%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£66,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Total Cash In

£17,700

 

 

Cash Out

 

Rent Range

£500 - £800

Rent Estimate

£500

Running Costs/mo

£292

Cashflow/mo

£208

Cashflow/yr

£2,498

ROI

14%

Gross Yield

11%

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 
£50K02/210 mi20, Maltby Close, Sunderland, Tyne And Wear SR3 2QR2
£57K07/220 mi12, Maltby Close, Sunderland, Tyne And Wear SR3 2QR2
£72.5K08/210.05 mi19, Melvaig Close, Sunderland, Tyne And Wear SR3 2QX2
£60K06/220.06 mi18, Merrington Close, Sunderland, Tyne And Wear SR3 2QE2
£62K10/230.1 mi35, Padonhill, Sunderland, Tyne And Wear SR3 2RX2
£97K12/220.11 mi16, Maree Close, Sunderland, Tyne And Wear SR3 2QZ2
£95K08/230.11 mi4, Maree Close, Sunderland, Tyne And Wear SR3 2QZ2
£70K05/220.17 mi6, Markby Close, Sunderland, Tyne And Wear SR3 2RG2
£45K07/210.17 mi19, Marlesford Close, Sunderland, Tyne And Wear SR3 2QW2
£52.5K10/210.19 mi11, Plane Tree Court, Sunderland, Tyne And Wear SR3 2TL2
£52K02/210.19 mi8, Aspen Court, Sunderland, Tyne And Wear SR3 2TJ2
£67.5K09/230.2 mi7, Milsted Close, Sunderland, Tyne And Wear SR3 2RF2
£49K10/220.2 mi8, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£67.5K05/220.2 mi14, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£51K02/230.2 mi18, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£72K04/230.2 mi4, Milrig Close, Sunderland, Tyne And Wear SR3 2RQ2
£67K06/220.21 mi32, Morval Close, Sunderland, Tyne And Wear SR3 2RS2
£47K11/210.22 mi27, Merrion Close, Sunderland, Tyne And Wear SR3 2QP2
£99K10/220.24 mi17, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£47K01/210.26 mi33, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£47K01/210.26 mi33, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£61K11/200.26 mi21, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£80K05/220.27 mi33, Manston Close, Sunderland, Tyne And Wear SR3 2RR2
£48.5K10/220.29 mi11, Maxton Close, Sunderland, Tyne And Wear SR3 2RP2
£76K08/210.35 mi36, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£63.5K10/220.37 mi10, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£92K12/200.37 mi12, Priestsfield Close, Sunderland, Tyne And Wear SR3 2SF2
£90K09/220.37 mi2, Priestfield Close, Sunderland, Tyne And Wear SR3 2SF2
£47K04/210.55 mi9, Carlisle House, Ashford Road, Sunderland, Tyne And Wear SR3 3EB2
£45K12/220.57 mi62, Aberdare Road, Farringdon, Sunderland, Tyne And Wear SR3 3EG2
£33K05/210.6 mi107, Allendale Road, Sunderland, Tyne And Wear SR3 3EA2
£55K05/230.69 mi18, The Strand, Sunderland, Tyne And Wear SR3 3DS2
£70K10/200.76 mi44, Ravelston Close, Sunderland, Tyne And Wear SR3 2PL2

Local Rents

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

RentDateDistanceAddressBeds 
£54003/240.21 mi-2
£65009/240.22 miMorval Close, Sunderland, Tyne and Wear, SR32
£50003/250.56 mi-2
£52509/240.56 miCarlisle House, Ashford Road, Farringdon, Sunderland2
£59509/240.59 miAllendale Road, Farringdon, Sunderland2
£75009/240.65 miThe Strand, Sunderland, Tyne and Wear, SR32
£59509/240.69 miThe Strand, Lakeside Village, Sunderland2
£52509/240.69 miThe Strand, Sunderland, Tyne and Wear, SR32
£65003/240.7 mi-2
£65012/240.73 mi-2
£65007/240.73 mi-2
£69509/240.81 miArundel Road, Sunderland, Tyne and Wear, SR3 3JW2
£65002/250.84 mi-2
£62509/240.87 miAlnwick Road, Sunderland2
£80003/250.88 mi-2
£75009/240.96 miSunnybrow, Silksworth, Sunderland2
£65009/240.99 miCastlereagh Street, Silksworth2
£57508/231.03 mi-2
£75009/241.05 mi-2
£50009/241.13 miSomerset Cottages, Sunderland, SR32
£50002/241.13 mi-2
£50003/241.13 mi-2
£65009/241.21 miDene Street, Sunderland, SR32

Local Area Statistics

Population in SR3

38,306

Population in Sunderland

183,740

Town centre distance

2.57 miles away

Nearest school

0.10 miles away

Nearest train station

2.71 miles away

 

 

Rental growth (12m)

+32%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £55,000

February 24, 2025

Floor Plans

Description

* FOR SALE BY AUCTION * PLEASE VIEW VIRTUAL TOUR & FLOORPLAN *GROUND FLOOR FLAT * TWO BEDROOM * GARDEN * GARAGE IN BLOCK * IDEAL LOCATION * NO ONWARD CHAIN * COUNCIL TAX BAND - A *

Hunters welcome to the market this charming ground floor flat located in Maltby Close, Sunderland.
Situated just off Doxford Park Way, this well presented property offers a cosy retreat.

Internally boasting an entrance porch, large living room, two inviting bedrooms and a bathroom with white suite and shower.

One of the highlights of this property is the private rear garden, providing an outdoor space to enjoy some fresh air.

This flat is a fantastic opportunity for those looking to settle in a vibrant community with a range of shops, amenities, and easy access to the A19.

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 winning bidder 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

Entry - 1.41 x 0.86 (4'7" x 2'9") -

Living Room - 4.51 x 3.30 (14'9" x 10'9") -

Kitchen - 2.07 x 2.68 (6'9" x 8'9") -

Bathroom - 2.07 x 1.67 (6'9" x 5'5") -

Hallway - 1.65 x 1.64 (5'4" x 5'4") -

Bed 2 / Reception - 2.96 x 2.67 (9'8" x 8'9") -

Bedroom 1 - 3.61 x 2.67 (11'10" x 8'9") -

Agent Details

Hunters, Fulwell

0191 625 1028

Next Steps?

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