3 Bed Terraced House, Refurb/BRRR, Sunderland, SR2 9NR, £65,000

Westheath Avenue, Grangetown, Sunderland , SR2 9NR - 8 views - 12 days ago

Refurb/BRRR
Planning
ROI: 4%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£46K - £510K
Sold Prices/m²£639/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£65,650

 

 

End Value (After Refurb)

£165,333

Uplift in Value

+154%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Refurb Costs

£35,501

Bridging Loan Interest

£1,706

Total Cash In

£59,657

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£165,333

Agent Fees (1%)

£1,653

Bridging Loan

£48,750

Bridging Loan Interest

£1,706

Flip Profit

£55,273

Local Sold Prices

50 sold prices from £46K to £510K, average is £158.8K. £639/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£118K04/230 mi15, Westheath Avenue, Sunderland, Tyne And Wear SR2 9NR3
£155K07/230.04 mi26, Woodstock Avenue, Sunderland, Tyne And Wear SR2 9NT3
£125K11/200.06 mi43, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£150K06/210.06 mi27, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9NX3
£145K01/210.09 mi22, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PD3
£128K06/210.13 mi88, Westheath Avenue, Sunderland, Tyne And Wear SR2 9NS3
£175K02/210.13 mi49, Victoria Avenue West, Sunderland, Tyne And Wear SR2 9PQ3
£110K11/200.14 mi8, Queen Alexandra Road, Sunderland, Tyne And Wear SR2 9PE3
£97K12/200.21 mi4, Kitchener Terrace, Sunderland, Tyne And Wear SR2 9RR3
£140K06/210.21 mi76, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£72K08/210.21 mi35, Balmoral Terrace, Sunderland, Tyne And Wear SR2 9QG3
£510K09/220.22 mi25, Sea View Road, Sunderland, Tyne And Wear SR2 7UP3
£335K02/210.25 mi8, The Sycamores, Sunderland, Tyne And Wear SR2 7UW3
£105K03/230.25 mi11, Beverley Road, Sunderland, Tyne And Wear SR2 9QH3
£245K03/210.26 mi11, Wynyard Square, Sunderland, Tyne And Wear SR2 7UY3
£115K07/230.27 mi1, Hereford Court, Sunderland, Tyne And Wear SR2 9LD3
£216.5K11/200.27 mi8, Waldron Square, Sunderland, Tyne And Wear SR2 7UX3
£144K12/200.29 mi75, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£165K06/230.29 mi87, Stratford Avenue, Sunderland, Tyne And Wear SR2 8RZ3
£260K06/210.3 mi1, Wadsley Square, Sunderland, Tyne And Wear SR2 7UT3
£96K12/200.3 mi25, Grange Street South, Sunderland, Tyne And Wear SR2 9QS3
£170K07/230.32 mi9, Harcourt Road, Sunderland, Tyne And Wear SR2 9JR3
£97K12/200.36 mi5, Aysgarth Avenue, Sunderland, Tyne And Wear SR2 9RT3
£160K05/210.37 mi12, Leominster Road, Sunderland, Tyne And Wear SR2 9HG3
£135.3K08/210.37 mi1, Helvellyn Road, Sunderland, Tyne And Wear SR2 9JJ3
£102K10/200.38 mi20, St Aidans Avenue, Sunderland, Tyne And Wear SR2 9SF3
£240K09/210.39 mi2, Raglan Avenue, Sunderland, Tyne And Wear SR2 7TD3
£176K11/210.4 mi27, Askrigg Avenue, Sunderland, Tyne And Wear SR2 9SG3
£164K02/210.4 mi5, Askrigg Avenue, Sunderland, Tyne And Wear SR2 9SG3
£141K02/210.41 mi333, Ryhope Road, Sunderland, Tyne And Wear SR2 9SS3
£225K05/210.41 mi7, Leighton Road, Sunderland, Tyne And Wear SR2 9HQ3
£73K02/210.44 mi14, Margaret Street, Sunderland, Tyne And Wear SR2 9SB3
£185K12/220.44 mi8, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£262.5K03/210.45 mi5, Ryhope Grange Court, Sunderland, Tyne And Wear SR2 9HU3
£190K09/230.45 miMill House, Ryhope Road, Sunderland, Tyne And Wear SR2 7SZ3
£148K06/210.46 mi73, Stannington Grove, Sunderland, Tyne And Wear SR2 9EH3
£46K03/210.46 mi147, Hastings Street, Sunderland, Tyne And Wear SR2 8SL3
£157.6K02/230.46 mi23, Wetherby Road, Sunderland, Tyne And Wear SR2 9SW3
£139.5K08/210.46 mi7, Wetherby Road, Sunderland, Tyne And Wear SR2 9SW3
£185K12/200.47 mi37, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£177.5K11/200.47 mi2, Ludlow Road, Sunderland, Tyne And Wear SR2 9HH3
£160K12/220.48 mi266, Leechmere Road, Sunderland, Tyne And Wear SR2 9DF3
£62K06/230.49 mi157, Canon Cockin Street, Sunderland, Tyne And Wear SR2 8PS3
£140K08/210.5 mi49, Percy Terrace, Sunderland, Tyne And Wear SR2 8SF3
£160K05/210.51 mi53, Acklam Avenue, Sunderland, Tyne And Wear SR2 9SQ3
£247K03/210.51 mi24, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£219K04/210.51 mi18, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£250K05/210.51 mi45, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£259.9K06/210.51 mi2a, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3
£251K05/210.51 mi2, Nilverton Avenue, Sunderland, Tyne And Wear SR2 7TS3

Local Rents

28 rents from £590/mo to £3.5K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£70012/240.17 mi-3
£70009/240.2 miOswald Terrace, Grangetown, Sunderland3
£85009/240.29 miGrange Street South, Sunderland, Tyne and Wear, SR23
£85009/240.51 miTarn Drive, Grangetown, Sunderland3
£79501/250.61 mi-3
£65009/240.64 mi-3
£59501/250.64 mi-3
£65001/250.64 mi-3
£65009/240.64 miSaint Leonard Street, Sunderland, SR23
£72509/240.66 miAttlee Grove, Sunderland3
£79511/240.72 mi-3
£3,50003/250.73 mi-3
£75006/240.76 mi-3
£95009/240.8 miLeechmere Road, Tunstall, Sunderland3
£82509/240.94 mi-3
£73003/250.95 mi-3
£90003/250.96 mi-3
£80009/241 mi-3
£95009/241.04 miCamberley Close, Tunstall3
£73007/241.07 mi-3
£79509/241.11 miThomas Street, Sunderland, Tyne And Wear, SR23
£87509/241.13 miSt. Pauls Terrace, Sunderland, Tyne and Wear, SR23
£59003/251.14 mi-3
£90009/241.15 miThornlea Court, Thornhill, Sunderland, SR23
£1,35009/241.16 miRidgeway Crescent, Ashbrooke3
£95003/251.17 mi-3
£78009/241.18 mi-3
£78003/251.18 mi-3

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

2.22 miles away

Nearest school

0.30 miles away

Nearest train station

1.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £65,000

March 21, 2025

Floor Plans

Description

  • FULL RENOVATION REQUIRED – IDEAL FOR INVESTORS OR DEVELOPERS +
  • THREE DOUBLE BEDROOMS – SPACIOUS AND WELL-PROPORTIONED +
  • LARGE REAR GARDEN WITH GREAT POTENTIAL +
  • DRIVEWAY PROVIDING OFF-STREET PARKING +
  • WELL-CONNECTED LOCATION – SHOPS, SCHOOLS & TRANSPORT LINKS NEARBY +
  • COUNCIL TAX BAND - A +
  • EPC RATING - C +
  • FREEHOLD +

This property requires complete refurbishment, making it a great project for those looking to add value. The ground floor features a front porch leading into a well-sized living room, which offers a good base for reconfiguration if desired. To the rear, the kitchen provides access to the downstairs bathroom.

Upstairs, there are three generous double bedrooms, with the largest room featuring an additional shower room. Access to the shower room is currently restricted, and its functionality has not been assessed.

Externally, the property benefits from a large rear garden, offering plenty of scope for landscaping or future development, subject to planning permissions. A driveway at the front provides valuable off-street parking.

Located in a well-established residential area, the home is within easy reach of local shops, including a large Asda, schools, and bus routes. Sunderland city centre is a short drive away, making this a well-connected and convenient location.

A great opportunity for an investor or buyer looking to take on a project. Contact Martin & Co for further details or to arrange a viewing.
 

Living Room
4.93m x 3.73m (16'2" x 12'3")

Kitchen
3.83m x 2.25m (12'7" x 7'5")

Bathroom
2.05m x 2.25m (6'9" x 7'6")

Bedroom 1
5.76m x 2.72m (18'11" x 8'11")

Bedroom 2
3.32m x 3.37m (10'11" x 11'1")

Bedroom 3
3.34m x 2.31m (10'11" x 7'7")

Shower Room
1.74m x 1.35m (5'9" x 4'4")

Agent Details

Martin & Co, Sunderland

0191 625 0924

Next Steps?

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