2 Bed Terraced House, Single Let, Sunderland, SR4 7DX, £112,500

Hylton Street, Millfield, Sunderland, Tyne and Wear, SR4 7DX - 2 views - 2 months ago

Sold STC
BTL
ROI: 3%
~68 m²
+8 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,125

Stamp Duty & Legal Fees

£4,575

Total Cash In

£32,700

 

 

Cash Out

 

Rent Range

£475 - £1,995

Rent Estimate

£551

Running Costs/mo

£482

Cashflow/mo

£69

Cashflow/yr

£831

ROI

3%

Gross Yield

6%













Local Rents

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

RentDateDistanceAddressBeds 
£65004/250.09 mi-2
£77503/250.14 mi-2
£79509/240.16 mi-2
£65009/240.25 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£59501/250.29 mi-2
£52509/240.29 miPickard Street, Millfield, Sunderland2
£60010/230.3 mi-2
£1,99501/250.32 mi-2
£75009/240.33 miSummerhill, Thornhill, Sunderland, SR22
£67509/240.35 mi-2
£75009/240.36 mi-2
£75002/250.36 mi-2
£68511/240.37 mi-2
£68511/240.37 mi-2
£85009/240.38 mi-2
£75009/240.39 miLeopold House, Albert Court, Sunderland, SR22
£69509/240.4 miAlbert Court, Royal Courts, Sunderland2
£75003/250.4 mi-2
£65009/240.41 miKings Terrace, Sunderland, Tyne and Wear, SR42
£65009/240.45 miHighfield Place, Pallion, Sunderland2
£67509/240.45 miPallion Road, Sunderland, Tyne And Wear, SR42
£75008/240.46 mi-2
£65008/240.48 mi-2
£69504/250.5 mi-2
£59509/240.5 mi-2
£75012/240.51 mi-2
£71501/250.51 mi-2
£85003/250.51 mi-2
£80010/240.52 mi-2
£52504/250.52 mi-2
£47509/240.54 mi-2
£49503/250.54 mi-2
£1,10002/250.57 mi-2
£62503/250.57 mi-2
£60009/240.58 miNora Street, High Barnes, Sunderland2
£87512/240.59 mi-2
£70009/240.61 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£59502/250.61 mi-2
£70009/240.62 mi-2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.64 miles away

Nearest school

0.40 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £112,500

February 27, 2025

Description

  • 2 bedroom family home +
  • Desirable location +
  • Immaculate presentation +
  • Air source heat pump and solar panels +

Pattinson estate agents are delighted to present to the market this beautifully maintained 2-bedroom cottage property, located in the highly desirable Millfield area of Sunderland.

Prime Location

Ideally situated for easy access to Sunderland city centre, residents will find amenities, shopping centers, and educational facilities just a short distance away. This convenient location makes this property an excellent choice for both first-time buyers and investors.

Recent Upgrades

This immaculately presented property has recently undergone several upgrades to an exceptional standard, enhancing its overall appeal and functionality. Among the notable improvements is the installation of an Air Source Heat Pump, complemented by the renewal of most radiators to accommodate this advanced heat source. Additionally, the property is equipped with solar panels, further enhancing its energy efficiency and reducing utility costs.

Internal Layout

The property offers a well-thought-out layout comprising:
• Entrance vestibule leading to the hallway
• Master bedroom
• Living room
• Second bedroom
• Sun-room
• Kitchen/diner
• Family bathroom

External Features

Externally, the property boasts a small forecourt at the front. To the rear, there is a well-proportioned yard with potential for off-street parking via a roller shutter door. Additionally, there is potential storage available in a coal shed situated at the rear of the property.

Investment Potential

This property presents an excellent opportunity for first-time buyers and investors alike. Its prime location and yield potential make it a highly attractive investment. Early viewing is highly recommended to avoid disappointment.

For further details or to arrange a viewing, please contact our Sunderland team.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Sunderland

0191 625 0848

Next Steps?

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