4 Bed Terraced House, Cash/Bridging Only, Sunderland, SR5 2EF, £135,000

Freda Street, Sunderland, SR5 2EF - 4 views - 15 days ago

Cash
ROI: 6%
~129 m²
+9 photos

ValuationFair Value

Sold Prices£57.5K - £430K
Sold Prices/m²£500/m² - £3.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1K/m²

Value Estimate

£137,700

 

 

End Value (After Refurb)

£131,004

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£8,150

Refurb Costs

£49,479

Bridging Loan Interest

£3,544

Total Cash In

£96,673

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£131,004

Mortgage (After Refinance)

£98,253

Mortgage LTV

75%

Cash Left In

£96,673

Equity

£32,751

Rent Range

£595 - £2,800

Rent Estimate

£1,101

Running Costs/mo

£650

Cashflow/mo

£451

Cashflow/yr

£5,417

ROI

6%

Gross Yield

10%

Local Sold Prices

52 sold prices from £57.5K to £430K, average is £212K. £500/m² to £3.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£120K05/210.15 mi88, Broadsheath Terrace, Sunderland, Tyne And Wear SR5 2EP4
£250K12/220.4 mi48, Beaumont Street, Southwick, Sunderland, Tyne And Wear SR5 2NA4
£122K01/230.46 mi93, Thompson Road, Sunderland, Tyne And Wear SR5 2JJ4
£200K08/230.69 mi1, Middleham Court, Sunderland, Tyne And Wear SR5 5HQ4
£200K08/230.69 mi1, Middleham Court, Sunderland, Tyne And Wear SR5 5HQ4
£126K12/200.7 mi16, Ramsay Square, Sunderland, Tyne And Wear SR5 5LF4
£314.9K06/210.74 mi4, Sycamore Drive, Sunderland, Tyne And Wear SR5 1PP4
£314.9K06/210.74 mi4, Sycamore Drive, Sunderland, Tyne And Wear SR5 1PP4
£185K02/230.76 mi7, Hopkins Court, Sunderland, Tyne And Wear SR4 6PX4
£275K01/240.78 mi23, Nawton Avenue, Sunderland, Tyne And Wear SR5 1JR4
£265K10/200.79 mi21, Thompson Road, Sunderland, Tyne And Wear SR5 1PW4
£265K09/230.81 mi22, Shotley Avenue, Sunderland, Tyne And Wear SR5 1PS4
£282K06/210.83 mi26, Grange Park Avenue, Sunderland, Tyne And Wear SR5 1NS4
£222.5K11/230.83 mi29, Grange Park Avenue, Sunderland, Tyne And Wear SR5 1NS4
£57.5K12/200.9 mi15, Franklin Street, Sunderland, Tyne And Wear SR4 6EX4
£133K12/230.91 mi173, St Lukes Road, Sunderland, Tyne And Wear SR4 6PF4
£255K01/230.91 mi24, Viewforth Terrace, Sunderland, Tyne And Wear SR5 1PZ4
£130K01/211.03 mi4, Newbury Street, Sunderland, Tyne And Wear SR5 1NG4
£130K08/211.03 mi8, Ford Terrace, Sunderland, Tyne And Wear SR4 6LT4
£87.5K05/231.04 mi36, Aiskell Street, Sunderland, Tyne And Wear SR4 7UH4
£342.5K01/231.06 mi8, Kirkstone Avenue, Sunderland, Tyne And Wear SR5 1NQ4
£180K03/211.06 mi1, Arrol Park, Sunderland, Tyne And Wear SR4 7BS4
£84K04/241.06 mi16, Queensberry Street, Sunderland, Tyne And Wear SR4 7AG4
£280K04/211.08 mi32, Kirkstone Avenue, Sunderland, Tyne And Wear SR5 1NH4
£67.5K02/241.08 mi7, St Marks Crescent, Sunderland, Tyne And Wear SR4 7BW4
£105K05/241.12 mi82, Marina Avenue, Sunderland, Tyne And Wear SR6 9AH4
£310K09/211.17 mi5, Rushcliffe, Sunderland, Tyne And Wear SR6 9RG4
£363K11/211.18 mi100, Coniston Avenue, Sunderland, Tyne And Wear SR5 1RD4
£120K12/221.21 mi8, Westbourne Road, Sunderland, Tyne And Wear SR1 3SQ4
£287.5K11/231.23 mi2, Herbert Terrace, Sunderland, Tyne And Wear SR5 1RL4
£295K01/211.23 mi26, Kayll Road, Sunderland, Tyne And Wear SR4 7TW4
£180K08/211.29 mi154, Alston Crescent, Sunderland, Tyne And Wear SR6 8NG4
£65K02/211.29 mi10, Alder Street, Sunderland, Tyne And Wear SR5 3BS4
£200K03/211.31 mi1, Crummock Avenue, Sunderland, Tyne And Wear SR6 8NX4
£200K11/211.31 mi36, Crummock Avenue, Sunderland, Tyne And Wear SR6 8NX4
£210K05/231.31 mi243, Chester Road, Sunderland, Tyne And Wear SR4 7RB4
£229K10/231.32 mi48, Forster Street, Sunderland, Tyne And Wear SR6 0JS4
£229K10/231.32 mi48, Forster Street, Sunderland, Tyne And Wear SR6 0JS4
£80K06/211.32 mi11, Leamington Street, Sunderland, Tyne And Wear SR4 7HD4
£430K09/211.32 miDoxfield, Newcastle Road, Sunderland, Tyne And Wear SR5 1RP4
£112.5K01/241.32 mi37, Thelma Street, Sunderland, Tyne And Wear SR4 7HA4
£290K02/231.34 mi121, Dovedale Road, Sunderland, Tyne And Wear SR6 8LS4
£220K02/211.36 mi21, Merryfield Gardens, Sunderland, Tyne And Wear SR6 9LA4
£220K07/211.36 mi2, Merryfield Gardens, Sunderland, Tyne And Wear SR6 9LA4
£100K08/211.36 mi16, General Graham Street, Sunderland, Tyne And Wear SR4 7HL4
£214K06/231.36 mi23, Dovedale Road, Sunderland, Tyne And Wear SR6 8LP4
£120K06/211.38 mi6, Ormonde Street, Sunderland, Tyne And Wear SR4 7PH4
£220K12/231.4 mi8, The Westlands, Sunderland, Tyne And Wear SR4 7RN4
£270K04/211.42 mi23, The Westlands, Sunderland, Tyne And Wear SR4 7RW4
£200K04/211.42 mi42, Torver Crescent, Sunderland, Tyne And Wear SR6 8LF4
£243K06/231.42 mi129, Staveley Road, Sunderland, Tyne And Wear SR6 8LD4
£255K11/201.43 mi11, Moine Gardens, Sunderland, Tyne And Wear SR6 9LE4

Local Rents

12 rents from £595/mo to £2.8K/mo, average is £960/mo.

RentDateDistanceAddressBeds 
£75009/240.1 miTrinity Street, Sunderland. SR65 2EG3
£59512/240.47 mi-3
£95009/240.56 miWellington Park, Sunderland, SR53
£95009/240.56 miLaing Close, Sunderland, SR53
£1,06009/240.56 miWellington Park, Sunderland, SR53
£2,80002/250.58 mi-3
£1,07509/240.59 miRawson Close, Sunderland, SR53
£96009/240.59 miRawson Close, Sunderland, SR53
£96009/240.59 miRawson Close, Sunderland, SR53
£1,17509/240.59 miRawson Close, Sunderland, SR54
£1,17509/240.59 miRawson Close, Sunderland, SR54
£76512/240.59 mi-3

Local Area Statistics

Population in SR5

34,580

Population in Sunderland

183,740

Town centre distance

1.21 miles away

Nearest school

0.40 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+20%

Sales demand

Seller's market

Capital growth (5yrs)

+9%

Property History

Listed for £135,000

April 3, 2025

Floor Plans

Description

  • 4 Bedroom Mid-Terrace Cottage +
  • Fully Furnished +
  • Cashflowing as Serviced Accommodation/Corporate Let +
  • High Cash Flow of Approximately £2,500PCM +
  • High Gross Yield of 18% +
  • Central Sunderland Location +
  • Fully Managed by Horizon Stays +
  • Booking History of 3 Years +
  • Caters to Professional Companies and Employers +
  • Buyers Premium Fee Applicable of £3,600+VAT +

Modern 4-Bedroom Dormer Cottage – Corporate Let Investment – Average of £2,500PCM IncomeTenure: FreeholdOffered with NO ONWARD CHAIN, this fully furnished and modernized 4-bedroom dormer cottage presents a fantastic investment opportunity. Currently operating as a corporate let, the property generates approximately £2,500PCM, making it an ideal turnkey investment.Situated in the popular Low Southwick area, this property is conveniently close to local schools, shops, and amenities. The home has been stylishly decorated to a modern specification and is ready for landlord takeover, offering immediate income generation with an existing calendar of bookings.Key Features: 4 Spacious Bedrooms (1 on the ground floor, 3 on the first floor) Contemporary Living Room/Dining Area Modern Fitted Kitchen Ground Floor Bathroom Private Rear Yard Fully Furnished & Stylishly Decorated Council Tax Band A EPC Rating: D This property is a must-view for investors looking for a high-yield corporate let in a desirable location. Early viewing is highly recommended!Property Features:Entrance Vestibule – Modern laminate flooring, providing a warm welcome.Entrance Hall – Stylish laminate flooring, radiator, and coving to the ceiling for a classic finish.Bedroom (Ground Floor) – 4.46m max x 3.99m (14'7" max x 13'1")Spacious front-facing double bedroom with a large double-glazed window and radiator, offering a bright and comfortable living space.Living Room/Dining Room – 3.49m max x 5.88m max (11'5" max x 19'3" max)A well-proportioned open-plan space featuring laminate flooring, two double-glazed windows, a radiator, and stairs leading to the first floor. This room is ideal for entertaining or relaxing.Modern Fitted Kitchen – 4.96m max x 2.02m (16'3" max x 6'7")Fully equipped with a range of stylish floor and wall units, a stainless steel sink and drainer with a mixer tap, an integrated oven, a gas hob with extractor, and plumbing for a washing machine. The kitchen also benefits from a cupboard housing the gas central heating boiler, space for a freestanding fridge/freezer, two double-glazed windows, and a rear door leading to the yard.Bathroom (Ground Floor) – A modern bathroom featuring a low-level WC, pedestal basin, bathtub with a shower over, double-glazed window, and radiator.First Floor:Landing – Includes a storage cupboard for added convenience.Bedroom 2 (Rear-Facing) – 4.09m x 2.19m (13'5" x 7'2")A well-lit bedroom with a double-glazed window and radiator.Bedroom 3 (Front-Facing) – 2.23m x 2.56m (7'3" x 8'4")A cozy bedroom featuring a double-glazed window and radiator.Bedroom 4 (Front Facing) – 3.61m x 2.60m (11'10" x 8'6")Spacious and bright with a double-glazed window and radiator.Externally:The property benefits from a private rear yard, perfect for additional outdoor storage or leisure space.Investment Opportunity:This property is fully furnished and modernized, ensuring an attractive and hassle-free investment. With an existing corporate let generating £2,500 PCM, this is an ideal opportunity for investors looking for high-yield rental income.Viewing is highly recommended to appreciate the quality and investment potential of this home.Free Property Valuation:Thinking of selling your property? We offer a free, no-obligation valuation service to help you understand your home's market potential.Mortgage Advice:Our independent financial advisors can help arrange mortgages subject to status. Enquire to speak to our advisors!

Agent Details

Property Express, Normanby

01642 056244

Next Steps?

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