2 Bed Flat, Single Let, Sunderland, SR2 7EU, £54,950

Azalea Terrace South, Sunderland, SR2 7EU - a month ago

Sold STC
Leasehold
BTL
ROI: 19%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£35K - £190K
Sold Prices/m²£609/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£807/m²

Value Estimate

£65,940
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,738

Stamp Duty & Legal Fees

£2,849

Total Cash In

£16,586

 

 

Cash Out

 

Rent Range

£450 - £2,000

Rent Estimate

£573

Running Costs/mo

£306

Cashflow/mo

£267

Cashflow/yr

£3,200

ROI

19%

Gross Yield

13%

Local Sold Prices

50 sold prices from £35K to £190K, average is £81K. £609/m² to £4.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£56.7K01/210.04 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£65K10/220.11 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£82K09/230.11 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£72.5K02/210.19 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£120K05/210.19 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£96.5K09/220.21 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£68K06/210.21 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/210.21 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£110K06/230.21 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K10/200.21 mi13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£75K08/230.25 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£71K12/200.25 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£60K02/210.27 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/230.27 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£110K12/200.29 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£92.5K07/230.3 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/210.3 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/230.3 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£120K02/210.31 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/210.31 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£75K06/210.34 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£185K02/210.38 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£190K06/230.38 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/210.38 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/230.38 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£118K11/200.39 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£155K04/230.43 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/200.43 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£75K02/230.44 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£78K05/210.47 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/210.47 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K03/220.48 mi17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£39K09/210.48 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£39K09/210.48 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£94K11/220.49 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£101K10/210.49 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.5 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£80K01/220.5 mi22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£71K04/220.5 mi21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£72.5K12/210.52 mi28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£85.5K07/220.52 mi29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£74.3K05/240.52 mi36, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£82K05/210.52 mi20, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£53.5K09/230.56 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/200.56 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£50K11/220.6 miApartment 19, Biscop House, Villiers Street, Sunderland, Tyne And Wear SR1 1ER2
£35K10/230.63 miApartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£58.5K08/230.63 miApartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH2
£65K12/210.63 miApartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£88K01/210.64 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2

Local Rents

51 rents from £450/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£70010/240.01 mi-2
£70009/240.01 mi-2
£67512/240.05 mi-2
£70011/240.05 mi-2
£70001/250.05 mi-2
£70002/250.05 mi-2
£75009/240.05 miArgyle Square, Sunderland, SR22
£70003/250.05 mi-2
£70009/240.05 mi-2
£70003/250.05 mi-2
£70009/240.05 miArgyle Square, Sunderland, SR22
£45009/240.06 miArgyle Street, City Centre, Sunderland2
£70009/240.07 mi-2
£70010/240.07 mi-2
£70008/240.07 mi-2
£1,10002/250.1 mi-2
£69509/240.11 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£69509/240.12 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£65009/240.13 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£65009/240.13 miGrange Crescent, Stockton Road, Sunderland, SR22
£77502/250.14 mi-2
£70009/240.15 miSt Georges House, Ashbrooke, Sunderland, SR22
£65009/240.15 miGrange Crescent, Sunderland, Stockton Road, SR22
£87512/240.17 mi-2
£75008/240.18 mi-2
£71501/250.19 mi-2
£85002/250.19 mi-2
£80010/240.19 mi-2
£75002/250.21 mi-2
£75001/250.21 mi-2
£70009/240.21 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£72509/240.22 mi-2
£69509/240.22 miAlbert Court, Royal Courts, Sunderland2
£75009/240.22 miThe Esplanade, Sunderland, SR22
£75009/240.23 miLeopold House, Albert Court, Sunderland, SR22
£75001/250.24 mi-2
£2,00002/250.24 mi-2
£67509/240.24 mi5 Thornhill Gardens, Sunderland, SR22
£85009/240.24 mi-2
£68511/240.25 mi-2
£68511/240.25 mi-2
£49509/240.26 mi-2
£49511/240.26 mi-2
£49511/240.26 mi-2
£75009/240.26 miEnnerdale, Ashbrooke2
£75009/240.27 mi-2
£75002/250.27 mi-2
£65009/240.3 miPark Hall, Sunderland, Ashbrooke, SR22
£75009/240.3 miSummerhill, Thornhill, Sunderland, SR22
£75003/250.32 mi-2
£65009/240.33 mi1-4 Ashbrooke Terrace, Sunderland2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.26 miles away

Nearest school

0.20 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £54,950

February 25, 2025

Description

  • Offered For Sale With No Chain Involved +
  • Two Bedroom Second Floor Flat +
  • Well Placed Flor City Centre Amenities +
  • Excellent Transport Links +
  • Allocated Brick Store To The Rear Exterior +
  • Reference: 462598 +

Offered with no onward chain, this second-floor apartment on Azalea Terrace South presents an excellent opportunity for first-time buyers, couples, and investors alike. Conveniently situated on the outskirts of Sunderland City Centre, the property enjoys easy access to a fantastic range of shops, amenities, and public transport links, with Park Lane Metro Station and Sunderland Rail Station just a short distance away.

Well-placed for Sunderland University and Sunderland Royal Hospital, the apartment benefits from communal grounds to the rear and an allocated brick store for additional storage.

Early viewing is highly recommended to fully appreciate the potential and convenience of this city-based home.
ENTRANCE
Secure communal entrance door to the communal hallway, stairs to the second floor, hardwood entrance door to the hallway which has a radiator.
FRONT MASTER BEDROOM 3.5m (11'6) x 3.5m (11'6)
Two sash windows, two radiators, storage cupboard.
LOUNGE 4.5m (14'9) x 3.5m (11'6)
Two radiators, two sash windows.
REAR BEDROOM 2.96m (9'9) x 2.46m (8'1)
Single glazed window, radiator.
BATHROOM
White suite comprising of panelled bath with shower over, low flush toilet, wash basin. Single glazed window, tiled walls, tiled floor, radiator.
KITCHEN 3.62m (11'11) x 1.85m (6'1)
Fitted with a range of wall and floor units, stainless steel sink with mixer tap, electric oven, gas hob, extractor hood, two single glazed windows, combi boiler, plumbed for an automatic washing machine.
EXTERIOR
To the rear are communal grounds and allocated brick storage shed.
Tenure
The property is Leasehold with a term of 125 years from 19th March 1984 subject to an annual ground rent of £10.
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 15 Mbps and a maximum download speed of 1000 Mbps at this postcode: SR2 7EU and mobile coverage is provided by EE, Three, O2 and Vodafone. The checker results are predictions and should not be regarded as guaranteed.
Council Tax
The GOV.UK website states the property is Council Tax Band: A
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on
Money Laundering Regulations
Please note that any offers will require you to be financially verified, meaning you'll need to provide us sight of a mortgage in principle, proof of deposit funds, and proof of cash. You'll also need to provide us with full chain details including agents and solicitors down the chain. To comply with Money Laundering Regulations all buyers will be required to provide us with proof of identification before we can issue acceptance letters and solicitors are instructed.
Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: D

Agent Details

Andrew Craig, Sunderland

0191 625 0130

Next Steps?

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