3 Bed Terraced House, Single Let, Sunderland, SR2 8JX, £63,000

Mainsforth Terrace West, Hendon, Sunderland, Tyne and Wear, SR2 8JX - 2 months ago

Sold STC
Auction
BTL
ROI: 16%
~106 m²
+13 photos

ValuationUndervalued

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

 

 

Square Metres

~106 m²
Price/m²£594/m²

Value Estimate

£76,230
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,750

Stamp Duty & Legal Fees

£4,350

Total Cash In

£20,100

 

 

Cash Out

 

Rent Range

£595 - £3,500

Rent Estimate

£609

Running Costs/mo

£339

Cashflow/mo

£270

Cashflow/yr

£3,244

ROI

16%

Gross Yield

12%

Local Sold Prices

50 sold prices from £40K to £510K, average is £122.5K. £405/m² to £2.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£65.6K02/230.06 mi11, Tower Street West, Sunderland, Tyne And Wear SR2 8JY3
£68.4K05/210.12 mi24, Guildford Street, Sunderland, Tyne And Wear SR2 8JQ3
£73K01/230.13 mi2, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£45K02/210.13 mi36, Athol Road, Sunderland, Tyne And Wear SR2 8LQ3
£80K04/210.16 mi7, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£88K04/210.16 mi23, Athol Park, Sunderland, Tyne And Wear SR2 8BT3
£80K12/220.17 mi67, Gray Road, Sunderland, Tyne And Wear SR2 8BW3
£40K01/210.19 mi29, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£50K07/210.19 mi44, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£51.5K04/230.19 mi18, Noble Street, Sunderland, Tyne And Wear SR2 8LU3
£86K09/210.24 mi131, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£100K05/210.24 mi121, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£65K01/210.24 mi155, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£95K02/230.24 mi139, Gray Road, Sunderland, Tyne And Wear SR2 8BJ3
£140K08/210.29 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£108K08/230.29 mi5, Crossby Court, Sunderland, Tyne And Wear SR2 8BX3
£135K06/230.3 mi26, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£120K05/230.3 mi13, Cuba Street, Sunderland, Tyne And Wear SR2 8RU3
£46K03/210.34 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£110K02/230.35 mi5, St Vincent Street, Sunderland, Tyne And Wear SR2 8EU3
£190K09/230.38 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£62K06/230.38 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£240K09/210.41 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£102K05/230.49 mi19, Raine Grove, Sunderland, Tyne And Wear SR1 2LH3
£144K12/200.51 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.51 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£260K06/210.51 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£335K02/210.54 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£268K04/230.56 mi3, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£284K11/200.56 mi1, Corby Gate, Sunderland, Tyne And Wear SR2 7JB3
£216.5K11/200.57 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£105K03/230.6 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3
£245K03/210.61 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£510K09/220.62 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£247K03/210.63 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.63 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.63 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.63 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.63 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£115K07/230.63 mi6, St Georges Way, Sunderland, Tyne And Wear SR2 7BW3
£165K03/210.64 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£182.5K08/230.64 mi7, Ashmore Street, Sunderland, Tyne And Wear SR2 7DD3
£140K06/210.66 mi76, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£72K08/210.66 mi35, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£80K03/230.68 mi12, Briery Vale Road, Sunderland, Tyne And Wear SR2 7HE3
£144K07/210.68 mi11, Tunstall Vale, Sunderland, Tyne And Wear SR2 7HP3
£125K04/230.68 mi28, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£160K08/210.68 mi24, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£177.9K05/230.68 mi21, Ennerdale, Sunderland, Tyne And Wear SR2 7HR3
£110K11/210.69 mi4, Briery Vale Close, Sunderland, Tyne And Wear SR2 7HY3

Local Rents

11 rents from £595/mo to £3.5K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£3,50004/250.07 mi-3
£65009/240.14 mi-3
£59501/250.14 mi-3
£65001/250.14 mi-3
£65009/240.14 miSaint Leonard Street, Sunderland, SR23
£73003/250.18 mi-3
£87504/250.18 mi-3
£79501/250.22 mi-3
£82509/240.31 mi-3
£61004/250.37 mi-3
£70012/240.62 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2 miles away

Nearest school

0.50 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £63,000

February 28, 2025

Floor Plans

Description

  • Modern method of auction +
  • 3 bedroom family home +
  • well presented +
  • Excellent investment opportunity +

Offered via Modern Method of Auction

Nestled in the ever-popular Hendon area of Sunderland, this delightful three-bedroom family home is now available for auction through Pattinson estate agents. This charming property boasts a prime location, a spacious layout, and has been recently redecorated, making it an excellent opportunity for all buyer types, including investors seeking high yield potential.

Prime Location

Situated just a short distance from Sunderland city centre, this home is ideally placed to take full advantage of local amenities, shopping, and educational facilities. The area is well-connected with excellent transport links to the wider North East, ensuring easy access for commuters and those looking to explore the region. Families will particularly appreciate the array of nearby play parks, sports facilities, and the beautiful Hendon beach, all just a short walk away.

Property Layout

This property offers a well-thought-out layout, making the most of the available space. It briefly comprises:

Ground Floor
• Entrance Vestibule and Hallway: Welcoming you into the home, the entrance vestibule and hallway lead you to the main living areas.
• Living Room: A spacious and inviting area, perfect for relaxing with family or entertaining guests.
• Second Reception Room: Versatile space that can be used as a dining room, playroom, or home office.
• Kitchen: Well-equipped kitchen offering ample storage and workspace for cooking and meal preparation.
• Family Bathroom: Conveniently located on the ground floor, the family bathroom is easily accessible from all living areas.

First Floor

The upper level of the home features three well-proportioned bedrooms, providing comfortable living space for family members or guests. Each bedroom offers ample natural light and space for storage.

External Features

Externally, the property benefits from a small private garden at the front. To the rear, a spacious yard offers the added convenience of off-street parking via the roller shutter door, ensuring secure and easy access.

Recent Redecoration

This property has recently undergone a full redecoration, including new carpets throughout, giving it a fresh and modern feel. The neutral décor provides a blank canvas for new owners to personalize the space to their taste.

Investment Potential

With its excellent location, recent updates, and versatile layout, this property is an attractive option for a wide range of buyers. Investors will be particularly interested in the potential for excellent rental yields, making it a sound addition to any property portfolio.

Don't miss out on this fantastic opportunity to own a delightful family home in the heart of Hendon, Sunderland. Contact us today to learn more and arrange your viewing!

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 💪