3 Bed Flat, Single Let, Sunderland, SR2 7LB, £46,000

Claremont Terrace, SUNDERLAND, SR2 7LB - 1 views - 19 days ago

Leasehold
Auction
BTL
ROI: 29%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£75K - £335K
Sold Prices/m²£1K/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£495/m²

Value Estimate

£56,120
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,500

Stamp Duty & Legal Fees

£3,500

Total Cash In

£15,000

 

 

Cash Out

 

Rent Range

£780 - £3,500

Rent Estimate

£657

Running Costs/mo

£295

Cashflow/mo

£362

Cashflow/yr

£4,342

ROI

29%

Gross Yield

17%

Local Sold Prices

15 sold prices from £75K to £335K, average is £120K. £1K/m² to £2.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£105K02/230.21 miFlat 11, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH3
£200K04/230.23 mi1b, The Esplanade, Sunderland, Tyne And Wear SR2 7BQ3
£107K02/210.25 miFlat 17, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ3
£82K05/210.49 miApartment 26, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU3
£75K06/210.49 miApartment 27, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU3
£153.5K11/210.8 mi78, Ormonde Street, Sunderland, Tyne And Wear SR4 7PN3
£120K12/220.93 mi176, Cleveland Road, Sunderland, Tyne And Wear SR4 7PU3
£237K05/221.34 mi2, Moore Avenue, South Shields, Tyne And Wear NE34 6AA3
£82K10/211.54 mi9, Friar Road, Sunderland, Tyne And Wear SR4 0BJ3
£75K11/211.55 mi25, Sandringham Road, Sunderland, Tyne And Wear SR6 9QZ3
£160K08/231.66 mi60, The Broadway, Sunderland, Tyne And Wear SR4 8NN3
£265K12/202.17 mi10, Cliffe Court, Sunderland, Tyne And Wear SR6 9NT3
£260K02/212.17 mi11, Cliffe Court, Sunderland, Tyne And Wear SR6 9NT3
£335K05/242.19 mi11, Cliffe Court, Sunderland, Tyne And Wear SR6 9NT3
£120K02/232.19 mi28, Redcar Road, Sunderland, Tyne And Wear SR5 5PX3

Local Rents

11 rents from £780/mo to £3.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£78009/240.03 mi-3
£78003/250.03 mi-3
£97509/240.06 miCresswell Terrace, Sunderland3
£3,50003/250.13 mi-3
£95003/250.17 mi-3
£90009/240.23 miThornlea Court, Thornhill, Sunderland, SR23
£82509/240.46 mi-3
£80009/240.49 miHurstwood Road, High Barnes, Sunderland3
£1,40009/240.52 miFawcett Street Student Accommodation, City Centre, SUNDERLAND, SR13
£1,40009/240.55 miStudent Accommodation @ Fawcett Street, City Centre, Sunderland, SR13
£1,40009/240.55 miFawcett Street, City Centre, Sunderland, SR13

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

1.23 miles away

Nearest school

0.10 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £46,000

March 17, 2025

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • Upon instruction of Countrywide +
  • EPC Rating - D +
  • To view: 4/4 at 2:30pm, 12/4 at 12pm +

SUMMARY
AUCTION SALE 15 April 2025 - Leasehold top floor flat,
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION CALL US NOW

DESCRIPTION
Leasehold top floor flat

Location:
The property is located on Clarence Terrace. A comprehensive range of shops, bars and restaurants are available within Sunderland City Centre. Public transport links are available at Sunderland Train Station and Park Lane Metro Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A690 to the north west and A183 to the north. Recreational pursuits can be found at Riverside Park to the north and Backhouse Park to the south east.

Accommodation:
Three bedrooms, reception room, kitchen, bathroom/wc

EPC Rating: D

Council Tax Band: A

Lease:
Held on a lease for a term of 125 years from 01/01/2007.

To view: 4/4 at 2:30pm, 12/4 at 12pm
No booking required - Please arrive at the time stated

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Hammersmith Auctions

020 3866 9305

Next Steps?

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