2 Bed Terraced House, Single Let, Sunderland, SR4 6EN, £65,000

Close Street, Sunderland, SR4 6EN - a month ago

Auction
BTL
ROI: 10%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£35K - £113K
Sold Prices/m²£534/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£76,217
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£475 - £850

Rent Estimate

£488

Running Costs/mo

£321

Cashflow/mo

£167

Cashflow/yr

£2,007

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £35K to £113K, average is £71.6K. £534/m² to £2.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£75K02/210 mi30, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£65K06/230 mi33, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£62.5K12/200 mi28, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£60.5K02/230 mi31, Close Street, Sunderland, Tyne And Wear SR4 6EN2
£95K08/210.07 mi115, Flint Road, Sunderland, Tyne And Wear SR4 6EG2
£45.5K03/210.08 mi14, Ailesbury Street, Sunderland, Tyne And Wear SR4 6EW2
£74K01/240.09 mi11, Dryborough Street, Sunderland, Tyne And Wear SR4 6BL2
£35K03/240.13 mi20, Cirencester Street, Sunderland, Tyne And Wear SR4 6BP2
£64.6K01/210.13 mi34, Milburn Street, Sunderland, Tyne And Wear SR4 6AX2
£90K01/210.15 mi11, Enderby Road, Sunderland, Tyne And Wear SR4 6BA2
£80K08/210.15 mi8, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£113K10/210.17 mi17, Corning Road, Sunderland, Tyne And Wear SR4 6EE2
£75K12/210.2 mi28, Franklin Street, Sunderland, Tyne And Wear SR4 6EX2
£46K01/230.21 mi2, Kings Terrace, Sunderland, Tyne And Wear SR4 6HW2
£60K05/210.22 mi12, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£59.5K10/200.22 mi32, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£55K01/240.22 mi22, Rainton Street, Sunderland, Tyne And Wear SR4 7DE2
£68K06/210.23 mi27, Lily Street, Sunderland, Tyne And Wear SR4 6AQ2
£76K11/230.23 mi10, Violet Street, Sunderland, Tyne And Wear SR4 6AE2
£90K04/240.23 mi23, Harlow Street, Sunderland, Tyne And Wear SR4 7AR2
£65K05/210.24 mi32, Chester Terrace North, Sunderland, Tyne And Wear SR4 7AP2
£74K01/240.25 mi1, Rokeby Street, Sunderland, Tyne And Wear SR4 7EQ2
£110K07/220.26 mi15, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£68K02/210.26 mi69, Hylton Street, Sunderland, Tyne And Wear SR4 7DG2
£97K05/230.26 mi12, Hume Street, Sunderland, Tyne And Wear SR4 6HU2
£105K09/230.27 mi12, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£105K09/230.27 mi11, The Leazes, Sunderland, Tyne And Wear SR1 3SW2
£53K02/210.27 mi4, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£66K01/210.27 mi1, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£63K02/240.27 mi27, Houghton Street, Sunderland, Tyne And Wear SR4 7DY2
£65K10/210.28 mi75, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£47K11/200.28 mi63, Neville Road, Sunderland, Tyne And Wear SR4 6PU2
£90K10/230.28 mi23, Howarth Street, Sunderland, Tyne And Wear SR4 7UT2
£86K03/220.28 mi8, Chester Crescent, Sunderland, Tyne And Wear SR1 3SH2
£53K02/210.32 mi5, Offerton Street, Sunderland, Tyne And Wear SR4 7EA2
£80K02/210.34 mi7, Walpole Court, Sunderland, Tyne And Wear SR4 6JH2
£69K05/220.34 mi25, Gillhurst Grange, Sunderland, Tyne And Wear SR1 3QN2
£105K11/210.34 mi20, Magdelene Place, Sunderland, Tyne And Wear SR4 6LW2
£70K10/220.36 mi10, Wharncliffe Street, Sunderland, Tyne And Wear SR1 3RG2
£86.5K11/200.42 mi17, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£72.5K01/240.42 mi19, Wilber Court, Sunderland, Tyne And Wear SR4 6LJ2
£71.5K10/210.43 mi39, Chester Mews, Sunderland, Tyne And Wear SR4 7HX2
£60K01/210.44 mi19, Dene Street, Sunderland, Tyne And Wear SR4 6JB2
£40K04/240.44 mi3, Garnet Street, Sunderland, Tyne And Wear SR4 6QS2
£64K09/230.45 mi29, Well Street, Sunderland, Tyne And Wear SR4 6JE2
£86K09/230.48 mi13, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£93.6K09/210.48 mi10, Wolseley Terrace, Sunderland, Tyne And Wear SR4 7HU2
£85K11/200.48 mi23, Pallion Park, Sunderland, Tyne And Wear SR4 6QE2
£92K08/230.5 mi3, Vale Street, Sunderland, Tyne And Wear SR4 7NB2
£71.8K05/230.5 mi4, Martin Terrace, Sunderland, Tyne And Wear SR4 6JD2

Local Rents

30 rents from £475/mo to £850/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£75003/250.08 mi-2
£67509/240.12 mi-2
£65008/240.13 mi-2
£52509/240.21 miPickard Street, Millfield, Sunderland2
£65009/240.22 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£65009/240.24 miKings Terrace, Sunderland, Tyne and Wear, SR42
£77503/250.27 mi-2
£60010/230.27 mi-2
£65004/250.29 mi-2
£75012/240.29 mi-2
£59501/250.34 mi-2
£52504/250.4 mi-2
£59509/240.41 mi-2
£47509/240.42 mi-2
£49503/250.42 mi-2
£75009/240.45 miSummerhill, Thornhill, Sunderland, SR22
£79509/240.47 mi-2
£62503/250.48 mi-2
£59502/250.5 mi-2
£68511/240.51 mi-2
£68511/240.51 mi-2
£75009/240.51 mi-2
£75002/250.51 mi-2
£67509/240.52 miPallion Road, Sunderland, Tyne And Wear, SR42
£69504/250.52 mi-2
£65009/240.54 miHighfield Place, Pallion, Sunderland2
£85009/240.54 mi-2
£69509/240.55 miAlbert Court, Royal Courts, Sunderland2
£75009/240.55 miLeopold House, Albert Court, Sunderland, SR22
£75008/240.57 mi-2

Local Area Statistics

Population in SR4

41,794

Population in Sunderland

183,740

Town centre distance

0.77 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+36%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £65,000

March 13, 2025

Floor Plans

Description

  • Being sold via Secure Sale +
  • 2-bed bungalow +
  • Good size rooms +
  • Well presented +
  • Quiet street +
  • Large rear courtyard +
  • Gas combi boiler +
  • Lovely family home +
  • Close to city centre +
  • Great local amenities +

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties. Situated in a very quiet street near Hylton Road, the property is located within very close proximity of Sunderland Royal Hospital, the City Centre and all major transport links and local amenities. This 2-bed property is available on an un-tenanted basis and presents an excellent investment opportunity. The property is in good standing and in a highly sought after area. Viewings are available from Thursday 20th March onwards.   The accommodation comprises: Entry and Hallway: Secure entry to the property is available via a well maintained upvc front door. The hallway benefits from quality flooring throughout and a porch area which provides additional storage. Living Room: Benefitting from carpeting throughout with high quality upvc double glazing, the living area is a generous size and has been well maintained and retains its stunning original features. Kitchen: Leading on from the living room, the well-proportioned kitchen is well maintained with an abundance of cupboard space as well as ample room for all modern white goods and appliances. Master Bedroom: The large master bedroom is carpeted throughout and benefits from well maintained original features and a large bay window.    Bedroom 2: The second bedroom is a good size and is well maintained, carpeted throughout.   Rear Courtyard: Accessible via the kitchen, the large, enclosed rear courtyard provides ample space for off-street parking.     Auctioneer Comments: Pattinson Auction are working in Partnership with the the Marketing Agent (Good Estate Agent Sunderland) on this online auction sale and are referred to below as ‘The Auctioneer’. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Council Tax Band The council tax band for this property is A.

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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