2 Bed Flat, Single Let, Sunderland, SR2 7LL, £87,500

Albert Court, Sunderland, Tyne and Wear, SR2 7LL - 3 views - a month ago

Leasehold
BTL
ROI: 7%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£35K - £190K
Sold Prices/m²£609/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£86,436

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,875

Stamp Duty & Legal Fees

£5,575

Total Cash In

£27,450

 

 

Cash Out

 

Rent Range

£450 - £1,995

Rent Estimate

£574

Running Costs/mo

£408

Cashflow/mo

£166

Cashflow/yr

£1,989

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £35K to £190K, average is £82K. £609/m² to £4.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£60K02/210.07 miFlat 2, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£89K03/230.07 miFlat 1, Helena House, Albert Court, Sunderland, Tyne And Wear SR2 7LL2
£71K12/200.09 miFlat 8, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£68K06/210.1 miFlat 22, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£85K03/210.1 miFlat 8, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£96.5K09/220.1 miFlat 9, Beatrice House, Albert Court, Sunderland, Tyne And Wear SR2 7LH2
£75K08/230.11 miFlat 2, Edward House, Albert Court, Sunderland, Tyne And Wear SR2 7LQ2
£72.5K02/210.13 miFlat 2, Louise House, Victoria Court, Sunderland, Tyne And Wear SR2 7JY2
£39K09/210.19 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£39K09/210.19 mi10, Burnville Road, Sunderland, Tyne And Wear SR4 7LY2
£110K06/230.22 mi18b, Thornhill Park, Sunderland, Tyne And Wear SR2 7LA2
£80K03/220.23 mi17, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£80K01/220.26 mi22, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£71K04/220.26 mi21, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£72.5K12/210.28 mi28, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£85.5K07/220.28 mi29, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£74.3K05/240.29 mi36, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£82K05/210.29 mi20, Wearhead Drive, Sunderland, Tyne And Wear SR4 7LP2
£120K05/210.33 miFirst Floor Flat, 9, Vale Brooke, Sunderland, Tyne And Wear SR2 7HT2
£56.7K01/210.34 miFlat C, 16, Argyle Square, Sunderland, Tyne And Wear SR2 7BS2
£82K09/230.35 mi24, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EU2
£65K10/220.36 mi33, Azalea Terrace South, Sunderland, Tyne And Wear SR2 7EX2
£120K02/210.41 mi10a, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£120K02/210.41 mi10b, Humbledon View, Sunderland, Tyne And Wear SR2 7RX2
£190K06/230.49 mi22, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£173K06/210.49 mi27, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£170K06/230.49 mi14, Willow Green, Sunderland, Tyne And Wear SR2 7NL2
£110K12/200.55 miFirst Floor Flat, 2, The Cloisters, Sunderland, Tyne And Wear SR2 7BD2
£92.5K07/230.56 miFlat 29, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£75K03/210.56 miFlat 56, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£86K05/230.56 miFlat 44, Park Hall, The Cloisters, Sunderland, Tyne And Wear SR2 7QB2
£118K11/200.57 mi5a, Ashbrooke Crescent, Sunderland, Tyne And Wear SR2 7HL2
£155K04/230.61 mi11, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£140K12/200.61 mi22, Corby Gate, Sunderland, Tyne And Wear SR2 7JB2
£53.5K09/230.61 mi31, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£121K11/200.61 mi4, Strawberry Court, Sunderland, Tyne And Wear SR2 7RQ2
£75K06/210.64 mi20, Park Place West, Sunderland, Tyne And Wear SR2 8HT2
£52K03/210.66 mi47, John Candlish Road, Sunderland, Tyne And Wear SR4 6HB2
£185K02/210.68 mi2, St Bedes Terrace, Sunderland, Tyne And Wear SR2 8HS2
£75K02/230.71 miApartment 5, Stanfield House, Gray Road, Sunderland, Tyne And Wear SR2 8JP2
£78K05/210.73 miApartment 2, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£80K10/210.73 miApartment 3, Havelock House, Gray Road, Sunderland, Tyne And Wear SR2 8JT2
£101K10/210.74 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£101K10/210.74 mi12, Foyle Street, Sunderland, Tyne And Wear SR1 1LB2
£94K11/220.76 miApartment 21, St. Michaels, Gray Road, Sunderland, Tyne And Wear SR2 8JU2
£35K10/230.78 miApartment 11, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£58.5K08/230.78 miApartment 92, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XH2
£65K12/210.78 miApartment 6, Echo Building, West Wear Street, Sunderland, Tyne And Wear SR1 1XD2
£125K04/220.79 mi11, Cranbrook, Sunderland, Tyne And Wear SR3 1DL2
£88K01/210.82 mi53, Beecholm Court, Sunderland, Tyne And Wear SR2 7UB2

Local Rents

50 rents from £450/mo to £2K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£85009/240.07 mi-2
£75009/240.07 miLeopold House, Albert Court, Sunderland, SR22
£75009/240.07 mi-2
£75002/250.07 mi-2
£69509/240.09 miAlbert Court, Royal Courts, Sunderland2
£68511/240.1 mi-2
£68511/240.1 mi-2
£75009/240.12 miSummerhill, Thornhill, Sunderland, SR22
£75008/240.16 mi-2
£71501/250.19 mi-2
£85003/250.19 mi-2
£80010/240.19 mi-2
£1,99501/250.19 mi-2
£79509/240.21 mi-2
£87512/240.26 mi-2
£1,10002/250.27 mi-2
£70009/240.28 miThornhill Gardens, Ashbrooke, Sunderland, SR22
£70009/240.29 mi-2
£70010/240.3 mi-2
£65004/250.3 mi-2
£60010/230.3 mi-2
£67509/240.31 mi5 Thornhill Gardens, Sunderland, SR22
£75009/240.32 miArgyle Square, Sunderland, SR22
£65009/240.33 miChester Terrace North, Sunderland, Tyne and Wear, SR42
£70003/250.33 mi-2
£69509/240.33 miAzalea Terrace South, Sunderland, Tyne and Wear, SR2 7EX2
£45009/240.34 miArgyle Street, City Centre, Sunderland2
£70011/240.34 mi-2
£67512/240.34 mi-2
£70009/240.34 mi-2
£70003/250.34 mi-2
£70009/240.34 miArgyle Square, Sunderland, SR22
£70001/250.34 mi-2
£70002/250.34 mi-2
£70010/240.36 mi-2
£70008/240.36 mi-2
£70009/240.36 mi-2
£49509/240.4 mi-2
£49511/240.4 mi-2
£49511/240.4 mi-2
£69509/240.41 miGrange Crescent, Sunderland, Asbrooke, Stockton Road, SR22
£75009/240.42 miEnnerdale, Ashbrooke2
£65009/240.42 miGrange Crescent, Stockton Road, Sunderland, SR22
£65009/240.42 miGrange Crescent, Nr Park Lane, Sunderland, SR22
£77502/250.43 mi-2
£70009/240.44 miSt Georges House, Ashbrooke, Sunderland, SR22
£65009/240.44 miGrange Crescent, Sunderland, Stockton Road, SR22
£75002/250.45 mi-2
£75001/250.45 mi-2
£67509/240.46 mi-2

Local Area Statistics

Population in SR2

33,440

Population in Sunderland

183,740

Town centre distance

0.96 miles away

Nearest school

0.10 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+23%

Sales demand

Balanced market

Capital growth (5yrs)

-5%

Property History

Listed for £87,500

March 26, 2025

Description

  • 2 bedroom 2nd floor apartment +
  • Great location +
  • Vacant possession +
  • Excellent Opportunity for First-Time Buyers and Investors +

Pattinson Estate Agents are delighted to offer to market this 2 bedroom apartment situated within Helena House, Albert Court, in the Royal Courts development in Sunderland.

Situated just a short distance from the city centre of Sunderland, this property has excellent access to shopping facilities, the seafront, local schools, university campuses, and road links to the A19 and beyond.

Located in a private and secure gated and pedestrianised development, this 2nd floor apartment would be a popular choice for first-time buyers and investors alike.

Property Highlights
• Communal entrance
• Hallway
• Lounge
• Two bedrooms
• Kitchen
• Bathroom

Externally, there is an allocated parking bay to the front of the building.

Offered with no chain, early viewing is essential!

Please contact our Sunderland team to arrange a viewing.

Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 100
Annual Ground Rent Amount: £40.00
Ground Rent Review Period: Yearly
Annual Service Charge Amount: £1,331.00
Service Charge Review Period: Yearly

Agent Details

Pattinson Estate Agents, Sunderland

0191 625 0848

Next Steps?

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