2 Bed Flat, Single Let, Sunderland, SR2 7LB, £99,950





ValuationOvervalued
Sold Prices | £39K - £190K |
Sold Prices/m² | £609/m² - £4.5K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.5K/m² |
Value Estimate | £93,892£93,892 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £24,988£24,988 |
Stamp Duty & Legal Fees | £6,198£6,198 |
Total Cash In | £31,185£31,185 |
| |
Cash Out | |
Rent Range | £450 - £2,000£450 - £2,000 |
Rent Estimate | £450 |
Running Costs/mo | £422£422 |
Cashflow/mo | £28£28 |
Cashflow/yr | £332£332 |
ROI | 1%1% |
Gross Yield | 5%5% |
Local Sold Prices
50 sold prices from £39K to £190K, average is £82K. £609/m² to £4.5K/m², average is £1.4K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£56.7K | 01/21 | 0.09 mi | Flat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS | - | - | 2 | Flat | |
£82K | 09/23 | 0.12 mi | 24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU | - | - | 2 | Flat | |
£65K | 10/22 | 0.13 mi | 33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX | £1,249 | 52 | 2 | Flat | |
£72.5K | 02/21 | 0.16 mi | Flat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY | - | - | 2 | Flat | |
£110K | 06/23 | 0.16 mi | 18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA | £924 | 119 | 2 | Flat | |
£80K | 10/20 | 0.16 mi | 13b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA | £611 | 131 | 2 | Flat | |
£120K | 05/21 | 0.17 mi | First Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT | - | - | 2 | Flat | |
£68K | 06/21 | 0.17 mi | Flat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | - | - | 2 | Flat | |
£85K | 03/21 | 0.17 mi | Flat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | - | - | 2 | Flat | |
£96.5K | 09/22 | 0.17 mi | Flat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH | £1,379 | 70 | 2 | Flat | |
£75K | 08/23 | 0.21 mi | Flat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ | - | - | 2 | Flat | |
£71K | 12/20 | 0.22 mi | Flat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ | - | - | 2 | Flat | |
£60K | 02/21 | 0.23 mi | Flat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL | - | - | 2 | Flat | |
£89K | 03/23 | 0.23 mi | Flat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL | - | - | 2 | Flat | |
£120K | 02/21 | 0.28 mi | 10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX | £1,460 | 82 | 2 | Flat | |
£120K | 02/21 | 0.28 mi | 10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX | £857 | 140 | 2 | Flat | |
£110K | 12/20 | 0.32 mi | First Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD | - | - | 2 | Flat | |
£92.5K | 07/23 | 0.33 mi | Flat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£75K | 03/21 | 0.33 mi | Flat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£86K | 05/23 | 0.33 mi | Flat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB | - | - | 2 | Flat | |
£190K | 06/23 | 0.36 mi | 22, Willow Green, Sunderland, Tyne And Wear SR2 7NL | - | - | 2 | Flat | |
£173K | 06/21 | 0.36 mi | 27, Willow Green, Sunderland, Tyne And Wear SR2 7NL | - | - | 2 | Flat | |
£170K | 06/23 | 0.36 mi | 14, Willow Green, Sunderland, Tyne And Wear SR2 7NL | £2,524 | 67 | 2 | Flat | |
£118K | 11/20 | 0.39 mi | 5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL | £1,136 | 104 | 2 | Flat | |
£75K | 06/21 | 0.39 mi | 20, Park Place West, Sunderland, Tyne And Wear SR2 8HT | - | - | 2 | Flat | |
£80K | 03/22 | 0.42 mi | 17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | - | - | 2 | Flat | |
£39K | 09/21 | 0.43 mi | 10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY | £609 | 64 | 2 | Flat | |
£39K | 09/21 | 0.43 mi | 10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY | £609 | 64 | 2 | Flat | |
£155K | 04/23 | 0.43 mi | 11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB | - | - | 2 | Flat | |
£140K | 12/20 | 0.43 mi | 22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB | £1,892 | 74 | 2 | Flat | |
£185K | 02/21 | 0.43 mi | 2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS | £4,466 | 41 | 2 | Flat | |
£80K | 01/22 | 0.45 mi | 22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,568 | 51 | 2 | Flat | |
£71K | 04/22 | 0.45 mi | 21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,203 | 59 | 2 | Flat | |
£72.5K | 12/21 | 0.46 mi | 28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,422 | 51 | 2 | Flat | |
£85.5K | 07/22 | 0.46 mi | 29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | £1,676 | 51 | 2 | Flat | |
£74.3K | 05/24 | 0.46 mi | 36, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | - | - | 2 | Flat | |
£82K | 05/21 | 0.46 mi | 20, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP | - | - | 2 | Flat | |
£75K | 02/23 | 0.48 mi | Apartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP | - | - | 2 | Flat | |
£78K | 05/21 | 0.5 mi | Apartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT | - | - | 2 | Flat | |
£80K | 10/21 | 0.5 mi | Apartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT | £1,269 | 63 | 2 | Flat | |
£94K | 11/22 | 0.52 mi | Apartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU | - | - | 2 | Flat | |
£53.5K | 09/23 | 0.53 mi | 31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ | £787 | 68 | 2 | Flat | |
£121K | 11/20 | 0.53 mi | 4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ | £1,806 | 67 | 2 | Flat | |
£101K | 10/21 | 0.55 mi | 12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB | - | - | 2 | Flat | |
£101K | 10/21 | 0.55 mi | 12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB | - | - | 2 | Flat | |
£80.8K | 04/23 | 0.64 mi | 27, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | - | - | 2 | Flat | |
£88K | 01/21 | 0.64 mi | 53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | £1,571 | 56 | 2 | Flat | |
£80K | 03/23 | 0.64 mi | 5, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | £1,378 | 58 | 2 | Flat | |
£82K | 06/23 | 0.64 mi | 50, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | £1,491 | 55 | 2 | Flat | |
£78K | 12/22 | 0.65 mi | 34, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB | - | - | 2 | Flat |
Local Rents
51 rents from £450/mo to £2K/mo, average is £700/mo.
Rent | Date | Distance | Address | Beds | Type | |
£700 | 10/24 | 0.06 mi | - | 2 | Flat | |
£700 | 09/24 | 0.07 mi | - | 2 | Flat | |
£750 | 09/24 | 0.07 mi | Argyle Square, Sunderland, SR2 | 2 | Flat | |
£700 | 01/25 | 0.1 mi | - | 2 | Flat | |
£700 | 02/25 | 0.1 mi | - | 2 | Flat | |
£700 | 11/24 | 0.1 mi | - | 2 | Flat | |
£675 | 12/24 | 0.1 mi | - | 2 | Flat | |
£700 | 03/25 | 0.1 mi | - | 2 | Flat | |
£695 | 09/24 | 0.11 mi | Azalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX | 2 | Flat | |
£700 | 10/24 | 0.11 mi | - | 2 | Flat | |
£700 | 08/24 | 0.11 mi | - | 2 | Flat | |
£700 | 09/24 | 0.11 mi | - | 2 | Flat | |
£700 | 03/25 | 0.11 mi | - | 2 | Flat | |
£700 | 09/24 | 0.11 mi | Argyle Square, Sunderland, SR2 | 2 | Flat | |
£450 | 09/24 | 0.11 mi | Argyle Street, City Centre, Sunderland | 2 | Flat | |
£700 | 09/24 | 0.12 mi | - | 2 | Flat | |
£1,100 | 02/25 | 0.12 mi | - | 2 | Flat | |
£875 | 12/24 | 0.13 mi | - | 2 | Flat | |
£715 | 01/25 | 0.14 mi | - | 2 | Flat | |
£850 | 04/25 | 0.14 mi | - | 2 | Flat | |
£800 | 10/24 | 0.14 mi | - | 2 | Flat | |
£750 | 08/24 | 0.15 mi | - | 2 | Flat | |
£695 | 09/24 | 0.17 mi | Grange Crescent, Sunderland, Asbrooke, Stockton Road, SR2 | 2 | Flat | |
£700 | 09/24 | 0.17 mi | Thornhill Gardens, Ashbrooke, Sunderland, SR2 | 2 | Flat | |
£650 | 09/24 | 0.18 mi | Grange Crescent, Stockton Road, Sunderland, SR2 | 2 | Flat | |
£650 | 09/24 | 0.18 mi | Grange Crescent, Nr Park Lane, Sunderland, SR2 | 2 | Flat | |
£695 | 09/24 | 0.18 mi | Albert Court, Royal Courts, Sunderland | 2 | Flat | |
£775 | 02/25 | 0.19 mi | - | 2 | Flat | |
£750 | 09/24 | 0.19 mi | Leopold House, Albert Court, Sunderland, SR2 | 2 | Flat | |
£700 | 09/24 | 0.19 mi | St Georges House, Ashbrooke, Sunderland, SR2 | 2 | Flat | |
£650 | 09/24 | 0.19 mi | Grange Crescent, Sunderland, Stockton Road, SR2 | 2 | Flat | |
£850 | 09/24 | 0.2 mi | - | 2 | Flat | |
£675 | 09/24 | 0.2 mi | 5 Thornhill Gardens, Sunderland, SR2 | 2 | Flat | |
£685 | 11/24 | 0.22 mi | - | 2 | Flat | |
£685 | 11/24 | 0.22 mi | - | 2 | Flat | |
£750 | 02/25 | 0.23 mi | - | 2 | Flat | |
£750 | 01/25 | 0.23 mi | - | 2 | Flat | |
£750 | 09/24 | 0.23 mi | - | 2 | Flat | |
£750 | 02/25 | 0.23 mi | - | 2 | Flat | |
£495 | 09/24 | 0.24 mi | - | 2 | Flat | |
£495 | 11/24 | 0.24 mi | - | 2 | Flat | |
£495 | 11/24 | 0.24 mi | - | 2 | Flat | |
£750 | 09/24 | 0.25 mi | Ennerdale, Ashbrooke | 2 | House | |
£750 | 01/25 | 0.25 mi | - | 2 | Flat | |
£2,000 | 02/25 | 0.25 mi | - | 2 | Flat | |
£725 | 09/24 | 0.26 mi | - | 2 | Flat | |
£750 | 09/24 | 0.26 mi | The Esplanade, Sunderland, SR2 | 2 | Flat | |
£750 | 09/24 | 0.27 mi | Summerhill, Thornhill, Sunderland, SR2 | 2 | Flat | |
£650 | 09/24 | 0.32 mi | Park Hall, Sunderland, Ashbrooke, SR2 | 2 | Flat | |
£650 | 09/24 | 0.35 mi | 1-4 Ashbrooke Terrace, Sunderland | 2 | Flat | |
£750 | 04/25 | 0.37 mi | - | 2 | Flat |
Local Area Statistics
Population in SR2 | 33,44033,440 |
Population in Sunderland | 183,740183,740 |
Town centre distance | 1.21 miles away1.21 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.12 miles away0.12 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +23%+23% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | -5%-5% |
Property History
Listed for £99,950
March 25, 2025
Description
- Impressive Two Bedroom Top Floor Conversion Apartment +
- Newly Refurbished +
- Providing Spacious and Immaculately Presented Accommodation +
- Stylish Contemporary Breakfasting Kitchen +
- Generous Top Floor Landing Area +
- Superb Lounge +
- Off Street Parking in the Courtyard +
- Highly Desirable City Centre Location +
- Ideal for Local Amenities such as Shops, Cafes and Restaurants +
- Viewing is a Must! +
An impressive and newly refurbished two bedroom top floor conversion apartment, providing spacious and immaculately presented accommodation. Internally the private accommodation is accessed at second floor level with its own staircase leading up to a half landing where there is a stylish, contemporary breakfasting kitchen. The staircase from the half landing continues up to the generous top floor landing area with useful built in storage cupboards. There is a superb lounge, two bedrooms and a modern bathroom/wc. The apartment is warmed by gas central heating to radiators and to the rear of the building residents have the benefit of off street parking in the courtyard via a roller shutter access door. Situated on the periphery of the city centre, this location is ideally placed for local amenities, shops, cafes and restaurants as well as excellent transport links. Available with immediate vacant possession and no upper chain involved, we highly recommend a detailed inspection to appreciate the superb accommodation.
Communal Entrance - Access via an entrance door into communal hallway.
Communal Hallway - Staircase to the upper floors.
Private Entrance - Private entrance door, staircase leading up to the half landing.
Half Landing - Door to the kitchen, the staircase continues to the top floor landing.
Breakfasting Kitchen - 4.01 x 2.41 (13'1" x 7'10") - Fitted with a range of contemporary wall and base units with work surfaces over incorporating a sink and drainer unit, integrated appliances include an electric oven and an electric hob, space has been provided for the inclusion of fridge freezer and washing machine, radiator, UPVC double glazed window and the central heating boiler is concealed behind fitted unit.
Top Floor Landing - Build in cupboards and doors leading off to the lounge, two bedrooms and bathroom.
Lounge - 4.50 approx measure to sloping ceiling x 4.97 (14' - Approximate measurements as sloping ceiling, this spacious room has a single glazed window to front with secondary glazing and radiator.
Bedroom 1 - 5.94 x 3.59 (19'5" x 11'9") - UPVC double glazed window to rear and radiator.
Bedroom 2 - 2.55 x 2.90 (8'4" x 9'6") - Approximate measurements as sloping ceiling, Velux window, radiator and built in wardrobe.
Bathroom - Modern suite with low level WC, wash hand basin set over a vanity unit, panel bath with mains fed shower over, radiator, Velux window and tiles around the bath and wash basin area.
Outside - To the rear of the property there is a communal courtyard providing residents with off street parking facilities.
Tenure Lh - We are advised by the Vendors that the property is Leasehold. We have been advised by the vendor the Lease Term is 999 years from 1/1/2005. Ground rent is a peppercorn (nominal fee), the Management Company is Claremont Terrace Management Limited made up of each flat owner in the building.
There is a service charge of £480.00 per annum.
Ground rent review period (year/month) - to be confirmed
Annual Ground rent increase % - to be confirmed
Any prospective purchaser should clarify this with their Solicitor.
Council Taxband - The Council Tax is A.
Important Notice - Peter Heron Ltd for themselves and for the vendors of this property whose agents they are, give notice that:-
The particulars are set out for general guidance only for the intending Purchasers and do not constitute part of an offer or contract. Whilst we endeavour to make our sales particulars accurate and reliable, if there is anything of particular importance which you feel may influence your decision to purchase, please contact the office and we will be pleased to check the information. Do so particularly, if contemplating travelling some distance to view the property.
All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given in good faith, and are believed to be correct, however any intending purchasers should not rely on them that statements are representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Independent property size verification is recommended.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. No person in the employment of Peter Heron Ltd has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor to enter into any contract on behalf of Peter Heron Ltd, nor into any contract on behalf of the Vendor. The copyright of all details and photographs remain exclusive to Peter Heron Ltd.
Please note that in the event the purchaser uses the services of Peter Heron Conveyancing in the purchase of their home, Peter Heron Ltd will be paid a completion commission of £300.00 by Movewithus Ltd.
Viewings Fst - To arrange an appointment to view this property contact our Fawcett Street branch on .
Opening Times - Monday - Friday 9.00am to 5.00pm
Saturday 9.00am to 12noon
Ombudsman - Peter Heron Estate Agents are members of The Property Ombudsman and subscribe to The Property Ombudsman Code of Practice.
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