3 Bed Semi-Detached House, Cash/Bridging Only, Sunderland, SR2 9EA, £220,000

Greystoke Avenue, Sunderland, SR2 9EA - a month ago

Cash
ROI: 1%
~111 m²
+16 photos

ValuationOvervalued

Sold Prices£120K - £350K
Sold Prices/m²£1.5K/m² - £3.5K/m²

 

 

Square Metres

~111.10 m²
Price/m²£2K/m²

Value Estimate

£215,440

 

 

End Value (After Refurb)

£214,099

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£14,100

Refurb Costs

£42,410

Bridging Loan Interest

£5,775

Total Cash In

£119,035

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£214,099

Mortgage (After Refinance)

£160,574

Mortgage LTV

75%

Cash Left In

£119,035

Equity

£53,525

Rent Range

£595 - £3,500

Rent Estimate

£1,034

Running Costs/mo

£896

Cashflow/mo

£138

Cashflow/yr

£1,658

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £120K to £350K, average is £185K. £1.5K/m² to £3.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£152K12/200.05 mi8, Stannington Grove, Sunderland, Tyne And Wear SR2 9EG3
£155K02/210.08 mi7, Larchwood Grove, Sunderland, Tyne And Wear SR2 9EL3
£160K11/200.08 mi14, Larchwood Grove, Sunderland, Tyne And Wear SR2 9EL3
£165K12/200.09 mi16, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£170K02/210.09 mi27, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£187K02/210.09 mi35, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£147.5K04/210.09 mi41, Greetlands Road, Sunderland, Tyne And Wear SR2 9EB3
£194K02/210.12 mi31, Glenesk Road, Sunderland, Tyne And Wear SR2 9BN3
£190K03/210.12 mi5, Glenesk Road, Sunderland, Tyne And Wear SR2 9BN3
£256K04/210.12 mi10, Loughborough Avenue, Sunderland, Tyne And Wear SR2 9AT3
£285K12/220.13 mi39, Heathfield, Sunderland, Tyne And Wear SR2 9EW3
£195K10/210.13 mi18, Cedarwood Grove, Sunderland, Tyne And Wear SR2 9EJ3
£138K06/210.13 mi9, Cedarwood Grove, Sunderland, Tyne And Wear SR2 9EJ3
£160K02/210.13 mi67, Stannington Grove, Sunderland, Tyne And Wear SR2 9EQ3
£182.5K11/200.16 mi131, Tunstall Road, Sunderland, Tyne And Wear SR2 9BB3
£249.9K06/210.16 mi11, Thristley Gardens, Sunderland, Tyne And Wear SR2 9BL3
£228K04/230.16 mi2, Greybourne Gardens, Sunderland, Tyne And Wear SR2 9DT3
£240K09/210.16 mi5, Greybourne Gardens, Sunderland, Tyne And Wear SR2 9DT3
£167.5K01/210.16 mi3, Greybourne Gardens, Sunderland, Tyne And Wear SR2 9DT3
£155K11/200.17 mi44, Laurel Grove, Sunderland, Tyne And Wear SR2 9EE3
£182K04/210.17 mi5, Laurel Grove, Sunderland, Tyne And Wear SR2 9EE3
£174.9K06/210.19 mi104, Tunstall Road, Sunderland, Tyne And Wear SR2 9BD3
£185K12/200.19 mi37, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£177.5K11/200.19 mi2, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£212K03/210.19 mi7, Ringmore Court, Sunderland, Tyne And Wear SR2 9BJ3
£148K06/210.2 mi73, Stannington Grove, Sunderland, Tyne And Wear SR2 9EH3
£245K02/230.2 mi5, Lambourne Road, Sunderland, Tyne And Wear SR2 9BX3
£198K04/210.21 mi173, Leechmere Road, Sunderland, Tyne And Wear SR2 9DL3
£168K10/200.21 mi139, Leechmere Road, Sunderland, Tyne And Wear SR2 9DL3
£185K12/220.22 mi8, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£199.5K02/230.25 mi25, The Precinct, Sunderland, Tyne And Wear SR2 9DN3
£225K05/210.25 mi7, Leighton Road, Sunderland, Tyne And Wear SR2 9HQ3
£247K03/210.26 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.26 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.26 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.26 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.26 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£350K11/220.27 mi46, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LU3
£265K04/230.27 mi51, Crosslea Avenue, Sunderland, Tyne And Wear SR3 1LU3
£205K12/220.28 mi252, Leechmere Road, Sunderland, Tyne And Wear SR2 9DF3
£160K06/210.28 mi314, Leechmere Road, Sunderland, Tyne And Wear SR2 9DF3
£199.9K04/210.28 mi3, Pinesway, Sunderland, Tyne And Wear SR3 1YT3
£160K05/210.29 mi12, Leominster Road, Sunderland, Tyne And Wear SR2 9HG3
£325K03/210.3 mi9, Pemberton Gardens, Sunderland, Tyne And Wear SR3 1YU3
£156K04/210.32 mi5, Satley Gardens, Sunderland, Tyne And Wear SR3 1AL3
£120K04/230.32 mi31, Satley Gardens, Sunderland, Tyne And Wear SR3 1AL3
£160K12/220.32 mi266, Leechmere Road, Sunderland, Tyne And Wear SR2 9DF3
£167K12/200.32 mi29, Myrella Crescent, Sunderland, Tyne And Wear SR2 9DQ3
£150K11/200.32 mi98, Myrella Crescent, Sunderland, Tyne And Wear SR2 9DQ3
£168K04/210.32 mi35, Myrella Crescent, Sunderland, Tyne And Wear SR2 9DQ3

Local Rents

40 rents from £595/mo to £3.5K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£95009/240.2 miLeechmere Road, Tunstall, Sunderland3
£1,35009/240.5 miRidgeway Crescent, Ashbrooke3
£90009/240.62 miThornlea Court, Thornhill, Sunderland, SR23
£70012/240.64 mi-3
£78009/240.76 mi-3
£78004/250.76 mi-3
£65009/240.79 mi-3
£59501/250.79 mi-3
£65001/250.79 mi-3
£65009/240.79 miSaint Leonard Street, Sunderland, SR23
£82509/240.79 mi-3
£3,50004/250.82 mi-3
£95003/250.84 mi-3
£97509/240.84 miCresswell Terrace, Sunderland3
£80009/240.85 miHurstwood Road, High Barnes, Sunderland3
£70009/240.86 miOswald Terrace, Grangetown, Sunderland3
£79501/250.86 mi-3
£3,50004/250.9 mi-3
£85009/240.9 miGrange Street South, Sunderland, Tyne and Wear, SR23
£95009/240.96 miCamberley Close, Tunstall3
£87504/250.96 mi-3
£65009/240.99 miSomerset Street, Sunderland, Tyne and Wear, SR33
£75009/241.01 miPlains Road, Plains Farm, Sunderland , SR33
£87502/251.02 mi-3
£87509/241.04 miGeneral Graham Street, Sunderland3
£87511/241.04 mi-3
£72509/231.06 mi-3
£73004/251.06 mi-3
£72509/241.08 miAttlee Grove, Sunderland3
£61004/251.09 mi-3
£1,00009/241.11 miMount Road, High Barnes, Sunderland3
£85004/251.11 mi-3
£85009/241.13 miTarn Drive, Grangetown, Sunderland3
£85009/241.19 mi-3
£1,95009/241.19 mi-3
£1,95001/251.19 mi-3
£2,30004/251.19 mi-3
£80009/241.21 mi-3
£72509/241.22 mi1 Paisley Square, Sunderland3
£72509/241.23 miSilksworth Terrace, Sunderland3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.59 miles away

Nearest school

0.30 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £220,000

March 4, 2025

Floor Plans

Description

  • Semi Detached House +
  • Three Bedrooms +
  • Great Corner Plot +
  • Wrap Around Gardens +
  • Gated Off Street Parking +
  • Kitchen Diner +
  • Ample Storage +
  • Sought After Location +

Jan Mitchell Properties are delighted to welcome to the market this three-bedroom semi-detached family home, featuring a converted loft room, ideally located in a sought-after area of Sunderland on a large corner plot.

The property which will appeal to a variety of buyers briefly comprises:- A welcoming hallway with cloakroom, leading to a stylish lounge with feature fireplace, a comfortable kitchen diner with fitted wall and floor units as well as space for a utility area under the stairs and patio doors to the rear garden. To the first floor, there are three good sized bedrooms; the main with built in wardrobes, and a convenient three piece shower room WC. Ascend to the second floor to discover a thoughtfully converted loft room, offering versatility and additional space with velux windows and eaves storage.

Externally, is where to property comes in to it's own. There is a large wrap around garden with lawned, patio and planting areas, making it an ideal space for entertaining during those long summer nights. There is also the benefit of a gated driveway to the side providing off street parking.

Location
Tunstall is an area that offers excellent access to Sunderland City Centre, including it's shops, transport links, and banking services. Families will benefit from nearby well-regarded schools, local supermarkets, Sunderland Eye Infirmary, and convenient bus routes, ensuring ease and accessibility for daily needs.

Measurements
Lounge - 3.75 x 4.05
Kitchen/Diner - 7.00 x 3.72
Bedroom One - 3.72 x 4.05
Bedroom Two - 3.72 x 3.72
Bedroom Three - 2.44 x 2.00
Loft Space - 4.14 x 3.37

IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate. However, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification or further information on any points, please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: C (Sunderland Council)
Tenure: Freehold

Agent Details

Jan Mitchell Properties, Covering North East

0191 625 1034

Next Steps?

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