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





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£65,940 |
BMV | 20% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £13,738£13,738 |
Stamp Duty & Legal Fees | £2,849£2,849 |
Total Cash In | £16,586£16,586 |
| |
Cash Out | |
Rent Range | £450 - £2,000£450 - £2,000 |
Rent Estimate | £573 |
Running Costs/mo | £306£306 |
Cashflow/mo | £267£267 |
Cashflow/yr | £3,200£3,200 |
ROI | 19%19% |
Gross Yield | 13%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£56.7K | 01/21 | 0.04 mi | Flat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS | - | - | 2 | Flat | |
£65K | 10/22 | 0.11 mi | 33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX | £1,249 | 52 | 2 | Flat | |
£82K | 09/23 | 0.11 mi | 24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU | - | - | 2 | Flat | |
£72.5K | 02/21 | 0.19 mi | Flat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY | - | - | 2 | Flat | |
£120K | 05/21 | 0.19 mi | First Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT | - | - | 2 | Flat | |
£96.5K | 09/22 | 0.21 mi | Flat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | £1,379 | 70 | 2 | Flat | |
£68K | 06/21 | 0.21 mi | Flat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | - | - | 2 | Flat | |
£85K | 03/21 | 0.21 mi | Flat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | - | - | 2 | Flat | |
£110K | 06/23 | 0.21 mi | 18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA | £924 | 119 | 2 | Flat | |
£80K | 10/20 | 0.21 mi | 13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA | £611 | 131 | 2 | Flat | |
£75K | 08/23 | 0.25 mi | Flat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ | - | - | 2 | Flat | |
£71K | 12/20 | 0.25 mi | Flat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ | - | - | 2 | Flat | |
£60K | 02/21 | 0.27 mi | Flat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL | - | - | 2 | Flat | |
£89K | 03/23 | 0.27 mi | Flat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL | - | - | 2 | Flat | |
£110K | 12/20 | 0.29 mi | First Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD | - | - | 2 | Flat | |
£92.5K | 07/23 | 0.3 mi | Flat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£75K | 03/21 | 0.3 mi | Flat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£86K | 05/23 | 0.3 mi | Flat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£120K | 02/21 | 0.31 mi | 10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX | £1,460 | 82 | 2 | Flat | |
£120K | 02/21 | 0.31 mi | 10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX | £857 | 140 | 2 | Flat | |
£75K | 06/21 | 0.34 mi | 20, Park Place West, Sunderland, Tyne And Wear SR2 8HT | - | - | 2 | Flat | |
£185K | 02/21 | 0.38 mi | 2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS | £4,466 | 41 | 2 | Flat | |
£190K | 06/23 | 0.38 mi | 22, Willow Green, Sunderland, Tyne And Wear SR2 7NL | - | - | 2 | Flat | |
£173K | 06/21 | 0.38 mi | 27, Willow Green, Sunderland, Tyne And Wear SR2 7NL | - | - | 2 | Flat | |
£170K | 06/23 | 0.38 mi | 14, Willow Green, Sunderland, Tyne And Wear SR2 7NL | £2,524 | 67 | 2 | Flat | |
£118K | 11/20 | 0.39 mi | 5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL | £1,136 | 104 | 2 | Flat | |
£155K | 04/23 | 0.43 mi | 11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB | - | - | 2 | Flat | |
£140K | 12/20 | 0.43 mi | 22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB | £1,892 | 74 | 2 | Flat | |
£75K | 02/23 | 0.44 mi | Apartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP | - | - | 2 | Flat | |
£78K | 05/21 | 0.47 mi | Apartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT | - | - | 2 | Flat | |
£80K | 10/21 | 0.47 mi | Apartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT | £1,269 | 63 | 2 | Flat | |
£80K | 03/22 | 0.48 mi | 17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | - | - | 2 | Flat | |
£39K | 09/21 | 0.48 mi | 10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY | £609 | 64 | 2 | Flat | |
£39K | 09/21 | 0.48 mi | 10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY | £609 | 64 | 2 | Flat | |
£94K | 11/22 | 0.49 mi | Apartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU | - | - | 2 | Flat | |
£101K | 10/21 | 0.49 mi | 12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB | - | - | 2 | Flat | |
£101K | 10/21 | 0.5 mi | 12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB | - | - | 2 | Flat | |
£80K | 01/22 | 0.5 mi | 22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,568 | 51 | 2 | Flat | |
£71K | 04/22 | 0.5 mi | 21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,203 | 59 | 2 | Flat | |
£72.5K | 12/21 | 0.52 mi | 28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,422 | 51 | 2 | Flat | |
£85.5K | 07/22 | 0.52 mi | 29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,676 | 51 | 2 | Flat | |
£74.3K | 05/24 | 0.52 mi | 36, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | - | - | 2 | Flat | |
£82K | 05/21 | 0.52 mi | 20, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | - | - | 2 | Flat | |
£53.5K | 09/23 | 0.56 mi | 31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ | £787 | 68 | 2 | Flat | |
£121K | 11/20 | 0.56 mi | 4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ | £1,806 | 67 | 2 | Flat | |
£50K | 11/22 | 0.6 mi | Apartment 19, Biscop House, Villiers Street, Sunderland, Tyne And Wear SR1 1ER | - | - | 2 | Flat | |
£35K | 10/23 | 0.63 mi | Apartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD | - | - | 2 | Flat | |
£58.5K | 08/23 | 0.63 mi | Apartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH | - | - | 2 | Flat | |
£65K | 12/21 | 0.63 mi | Apartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD | - | - | 2 | Flat | |
£88K | 01/21 | 0.64 mi | 53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | £1,571 | 56 | 2 | Flat |
Local Rents
51 rents from £450/mo to £2K/mo, average is £700/mo.
Rent | Date | Distance | Address | Beds | Type | |
£700 | 10/24 | 0.01 mi | - | 2 | Flat | |
£700 | 09/24 | 0.01 mi | - | 2 | Flat | |
£675 | 12/24 | 0.05 mi | - | 2 | Flat | |
£700 | 11/24 | 0.05 mi | - | 2 | Flat | |
£700 | 01/25 | 0.05 mi | - | 2 | Flat | |
£700 | 02/25 | 0.05 mi | - | 2 | Flat | |
£750 | 09/24 | 0.05 mi | Argyle Square, Sunderland, SR2 | 2 | Flat | |
£700 | 03/25 | 0.05 mi | - | 2 | Flat | |
£700 | 09/24 | 0.05 mi | - | 2 | Flat | |
£700 | 03/25 | 0.05 mi | - | 2 | Flat | |
£700 | 09/24 | 0.05 mi | Argyle Square, Sunderland, SR2 | 2 | Flat | |
£450 | 09/24 | 0.06 mi | Argyle Street, City Centre, Sunderland | 2 | Flat | |
£700 | 09/24 | 0.07 mi | - | 2 | Flat | |
£700 | 10/24 | 0.07 mi | - | 2 | Flat | |
£700 | 08/24 | 0.07 mi | - | 2 | Flat | |
£1,100 | 02/25 | 0.1 mi | - | 2 | Flat | |
£695 | 09/24 | 0.11 mi | Azalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX | 2 | Flat | |
£695 | 09/24 | 0.12 mi | Grange Crescent, Sunderland, Asbrooke, Stockton Road, SR2 | 2 | Flat | |
£650 | 09/24 | 0.13 mi | Grange Crescent, Nr Park Lane, Sunderland, SR2 | 2 | Flat | |
£650 | 09/24 | 0.13 mi | Grange Crescent, Stockton Road, Sunderland, SR2 | 2 | Flat | |
£775 | 02/25 | 0.14 mi | - | 2 | Flat | |
£700 | 09/24 | 0.15 mi | St Georges House, Ashbrooke, Sunderland, SR2 | 2 | Flat | |
£650 | 09/24 | 0.15 mi | Grange Crescent, Sunderland, Stockton Road, SR2 | 2 | Flat | |
£875 | 12/24 | 0.17 mi | - | 2 | Flat | |
£750 | 08/24 | 0.18 mi | - | 2 | Flat | |
£715 | 01/25 | 0.19 mi | - | 2 | Flat | |
£850 | 02/25 | 0.19 mi | - | 2 | Flat | |
£800 | 10/24 | 0.19 mi | - | 2 | Flat | |
£750 | 02/25 | 0.21 mi | - | 2 | Flat | |
£750 | 01/25 | 0.21 mi | - | 2 | Flat | |
£700 | 09/24 | 0.21 mi | Thornhill Gardens, Ashbrooke, Sunderland, SR2 | 2 | Flat | |
£725 | 09/24 | 0.22 mi | - | 2 | Flat | |
£695 | 09/24 | 0.22 mi | Albert Court, Royal Courts, Sunderland | 2 | Flat | |
£750 | 09/24 | 0.22 mi | The Esplanade, Sunderland, SR2 | 2 | Flat | |
£750 | 09/24 | 0.23 mi | Leopold House, Albert Court, Sunderland, SR2 | 2 | Flat | |
£750 | 01/25 | 0.24 mi | - | 2 | Flat | |
£2,000 | 02/25 | 0.24 mi | - | 2 | Flat | |
£675 | 09/24 | 0.24 mi | 5 Thornhill Gardens, Sunderland, SR2 | 2 | Flat | |
£850 | 09/24 | 0.24 mi | - | 2 | Flat | |
£685 | 11/24 | 0.25 mi | - | 2 | Flat | |
£685 | 11/24 | 0.25 mi | - | 2 | Flat | |
£495 | 09/24 | 0.26 mi | - | 2 | Flat | |
£495 | 11/24 | 0.26 mi | - | 2 | Flat | |
£495 | 11/24 | 0.26 mi | - | 2 | Flat | |
£750 | 09/24 | 0.26 mi | Ennerdale, Ashbrooke | 2 | House | |
£750 | 09/24 | 0.27 mi | - | 2 | Flat | |
£750 | 02/25 | 0.27 mi | - | 2 | Flat | |
£650 | 09/24 | 0.3 mi | Park Hall, Sunderland, Ashbrooke, SR2 | 2 | Flat | |
£750 | 09/24 | 0.3 mi | Summerhill, Thornhill, Sunderland, SR2 | 2 | Flat | |
£750 | 03/25 | 0.32 mi | - | 2 | Flat | |
£650 | 09/24 | 0.33 mi | 1-4 Ashbrooke Terrace, Sunderland | 2 | Flat |
Local Area Statistics
Population in SR2 | 33,44033,440 |
Population in Sunderland | 183,740183,740 |
Town centre distance | 1.26 miles away1.26 miles away |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.06 miles away0.06 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +23%+23% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | -5%-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
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