2 Bed Terraced House, Refurb/BRRR, Sunderland, SR4 7SD, £110,000

Guisborough Street, Barnes, Sunderland, SR4 7SD - 2 views - a month ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£76K - £245K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£98,726

 

 

End Value (After Refurb)

£113,000

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£26,137

Bridging Loan Interest

£2,888

Total Cash In

£64,974

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£113,000

Mortgage (After Refinance)

£84,750

Mortgage LTV

75%

Cash Released

£2,250

Cash Left In

£62,724

Equity

£28,250

Rent Range

£595 - £995

Rent Estimate

£708

Running Costs/mo

£515

Cashflow/mo

£193

Cashflow/yr

£2,319

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £76K to £245K, average is £113.7K. £1.1K/m² to £2.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£175K06/210.05 mi17, Ettrick Grove, Sunderland, Tyne And Wear SR4 8PZ2
£100K11/200.1 mi23, Dunbar Street, Sunderland, Tyne And Wear SR4 7RZ2
£76K01/230.15 mi1, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£112K09/230.15 mi26, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£100K11/210.15 mi29, Nora Street, Sunderland, Tyne And Wear SR4 7QW2
£150K01/240.17 mi19, Priory Grove, Sunderland, Tyne And Wear SR4 7SX2
£220K08/210.17 mi17, Priory Grove, Sunderland, Tyne And Wear SR4 7SX2
£126K06/230.18 mi35, Barnard Street, Sunderland, Tyne And Wear SR4 7RX2
£126K07/230.18 mi5, Barnard Street, Sunderland, Tyne And Wear SR4 7RX2
£76.5K05/230.18 mi6, Kitchener Street, Sunderland, Tyne And Wear SR4 7QJ2
£146K06/230.2 mi30, Beldene Drive, Sunderland, Tyne And Wear SR4 8QD2
£123K12/200.2 mi35, Abingdon Street, Sunderland, Tyne And Wear SR4 7RU2
£183K01/210.2 mi29, Westfield Grove, Sunderland, Tyne And Wear SR4 8QZ2
£163K04/240.22 mi39, Priory Grove, Sunderland, Tyne And Wear SR4 7SU2
£220K09/210.26 mi8, Wimbourne Avenue, Sunderland, Tyne And Wear SR4 8RA2
£179.9K07/220.27 mi1, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£172K04/210.27 mi6, Ettrick Gardens, Sunderland, Tyne And Wear SR4 8QF2
£170K07/230.28 mi41, Henderson Road, Sunderland, Tyne And Wear SR4 7ST2
£227.5K08/230.28 mi12, Woodville Crescent, Sunderland, Tyne And Wear SR4 8RE2
£112K02/210.31 mi6, Bancroft Terrace, Sunderland, Tyne And Wear SR4 7SS2
£90K06/210.33 mi25, Brookland Road, Sunderland, Tyne And Wear SR4 7TH2
£133K08/230.33 mi23, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£120K05/230.33 mi29, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£130K08/210.33 mi20, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£115K12/200.33 mi2, Brinkburn Street, Sunderland, Tyne And Wear SR4 7RG2
£245K05/230.34 mi1, Melbourne Place, Sunderland, Tyne And Wear SR4 8LN2
£80K01/210.34 mi17, Brookland Road, Sunderland, Tyne And Wear SR4 7TH2
£90K11/230.35 mi7, Erith Terrace, Sunderland, Tyne And Wear SR4 7TJ2
£102K08/230.35 mi20, Erith Terrace, Sunderland, Tyne And Wear SR4 7TJ2
£112.5K05/230.36 mi13, Greta Terrace, Sunderland, Tyne And Wear SR4 7RD2
£174.9K11/200.36 mi21, Woodland Drive, Sunderland, Tyne And Wear SR4 8QR2
£111.5K02/230.37 mi97, Hadleigh Road, Sunderland, Tyne And Wear SR4 8BP2
£78K08/210.37 mi12, Hadleigh Road, Sunderland, Tyne And Wear SR4 8BT2
£96.5K10/210.37 mi27, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NQ2
£115K12/200.37 mi99, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NL2
£112.5K04/230.37 mi89, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NL2
£200K10/210.41 mi70, Barnes Park Road, Sunderland, Tyne And Wear SR4 7PY2
£95K06/210.43 mi36, Fordland Place, Sunderland, Tyne And Wear SR4 6UR2
£215K11/230.44 mi17, Mount Grove, Sunderland, Tyne And Wear SR4 7NW2
£85K06/230.44 mi10, Highfield Place, Sunderland, Tyne And Wear SR4 6LP2
£93K07/230.44 mi51, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£106K09/230.44 mi58, Queens Crescent, Sunderland, Tyne And Wear SR4 7JJ2
£83K08/210.45 mi24, Hexham Road, Sunderland, Tyne And Wear SR4 8BN2
£80K02/210.46 mi17, Helmsdale Road, Sunderland, Tyne And Wear SR4 8BZ2
£95K12/200.47 mi40, Hartford Road, Sunderland, Tyne And Wear SR4 8DE2
£100K12/230.47 mi54, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NJ2
£105K11/200.47 mi75, Hawarden Crescent, Sunderland, Tyne And Wear SR4 7NJ2
£77.5K02/230.49 mi24, Romford Street, Sunderland, Tyne And Wear SR4 6LX2
£225K06/230.49 mi7, Chatsworth Crescent, Sunderland, Tyne And Wear SR4 7NP2
£175.7K11/230.49 mi11, Chatsworth Crescent, Sunderland, Tyne And Wear SR4 7NP2

Local Rents

11 rents from £595/mo to £995/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60009/240.15 miNora Street, High Barnes, Sunderland2
£65002/250.15 mi-2
£95009/240.24 miWimbourne Avenue, High Barnes2
£99509/240.26 miWimbourne Avenue, High Barnes, Sunderland2
£65009/240.44 miHighfield Place, Pallion, Sunderland2
£62509/240.45 mi-2
£67509/240.48 miPallion Road, Sunderland, Tyne And Wear, SR42
£59501/250.57 mi-2
£69509/240.59 mi-2
£70009/240.59 miHolborn Road, Hylton Lane, Sunderland, Tyne and Wear, SR4 8AR2
£65009/240.61 mi-2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £110,000

March 4, 2025

Floor Plans

Description

PLEASE VIEW VIRTUAL TOUR & FLOORPLAN * TERRACED COTTAGE * TWO BEDROOMS * IDEAL LOCATION * NO ONWARD CHAIN * COUNCIL TAX BAND - B *

Nestled on Guisborough Street in the sought-after area of High Barnes, Sunderland, this charming mid-terrace cottage presents a wonderful opportunity for those seeking a spacious and versatile home. The property boasts a delightful double fronted design, featuring two well-proportioned reception rooms and two comfortable bedrooms, making it ideal for a wide range of buyers.

Upon entering, you are welcomed by an inviting entrance vestibule that leads into a generous hall. The lounge, separated by a glass partition door, flows seamlessly into the second reception room, creating a warm and welcoming atmosphere. The spacious kitchen follows on, providing ample room for culinary pursuits, while the conveniently located bathroom caters to the needs of modern living.

Externally, the property boasts a paved courtyard to the rear.

The location is particularly advantageous, with easy access to local amenities, shopping facilities, schools, and Sunderland Royal Hospital. Excellent transport connections further enhance the appeal, making commuting a breeze.

While the property does require some general updating and modernisation, it has been sensibly priced to reflect this, presenting an attractive proposition for buyers eager to add their personal touch. With no upper chain involved and immediate vacant possession available, early viewing is highly recommended.

Entry - .93 x .91 (.305'1" x .298'6") -

Hallway - 0.99 x 4.02 (3'2" x 13'2") -

Living Room - 4.02 x 4.33 (13'2" x 14'2") -

Dining Room - 4.00 x 4.65 (13'1" x 15'3") -

Kitchen - 2.85 x 3.02 (9'4" x 9'10") -

Bathroom - 1.83 x 1.79 (6'0" x 5'10") -

Bedroom 2 - 2.39 x 3.70 (7'10" x 12'1") -

Bedroom 1 - 2.99 x 4.67 (9'9" x 15'3") -

Agent Details

Hunters, Fulwell

0191 625 1028

Next Steps?

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