2 Bed Bungalow, Refurb/BRRR, Sunderland, SR6 9BE, £100,000

Marshall Street, Fulwell, SR6 9BE - 7 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 13%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£63.5K - £349.9K
Sold Prices/m²£1.3K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£100,000

 

 

End Value (After Refurb)

£120,346

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£26,073

Bridging Loan Interest

£2,625

Total Cash In

£59,648

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£120,346

Mortgage (After Refinance)

£90,260

Mortgage LTV

75%

Cash Released

£15,260

Cash Left In

£44,388

Equity

£30,087

Rent Range

£650 - £2,000

Rent Estimate

£1,282

Running Costs/mo

£652

Cashflow/mo

£630

Cashflow/yr

£7,554

ROI

13%

Gross Yield

15%

Local Sold Prices

50 sold prices from £63.5K to £349.9K, average is £141K. £1.3K/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£118K01/210 mi41, Marshall Street, Sunderland, Tyne And Wear SR6 9BE2
£150K02/230 mi43, Marshall Street, Sunderland, Tyne And Wear SR6 9BE2
£142K08/230 mi51, Marshall Street, Sunderland, Tyne And Wear SR6 9BE2
£92K08/210.03 mi36, Dent Street, Sunderland, Tyne And Wear SR6 9BH2
£105K11/230.03 mi46, Dent Street, Sunderland, Tyne And Wear SR6 9BH2
£126K12/200.04 mi55, Atkinson Road, Sunderland, Tyne And Wear SR6 9AS2
£148.9K02/240.04 mi38, Atkinson Road, Sunderland, Tyne And Wear SR6 9AS2
£150K08/210.06 mi66, Annie Street, Sunderland, Tyne And Wear SR6 9BJ2
£130K01/230.07 mi46a, Atkinson Road, Sunderland, Tyne And Wear SR6 9AT2
£110K12/200.07 mi41, Lee Street, Sunderland, Tyne And Wear SR6 9AZ2
£135K06/230.07 mi41, Lee Street, Sunderland, Tyne And Wear SR6 9AZ2
£81.3K03/210.07 mi25, Atkinson Road, Sunderland, Tyne And Wear SR6 9AR2
£111K09/210.07 mi19, Atkinson Road, Sunderland, Tyne And Wear SR6 9AR2
£130K08/210.09 mi9, Marshall Street, Sunderland, Tyne And Wear SR6 9BG2
£126K01/230.09 mi15, Marshall Street, Sunderland, Tyne And Wear SR6 9BG2
£124.6K06/230.09 mi2, Dent Street, Sunderland, Tyne And Wear SR6 9BQ2
£175K06/240.1 mi97, Atkinson Road, Sunderland, Tyne And Wear SR6 9AT2
£106K10/210.1 mi16, Lee Street, Sunderland, Tyne And Wear SR6 9BA2
£63.5K04/240.11 mi29, Annie Street, Sunderland, Tyne And Wear SR6 9BL2
£145K04/230.15 mi3, Ashleigh Terrace, Sunderland, Tyne And Wear SR6 9AU2
£140K10/230.16 mi33, Browne Road, Sunderland, Tyne And Wear SR6 9HQ2
£175K11/210.16 mi36, Rosedale Terrace, Sunderland, Tyne And Wear SR6 9EG2
£140K07/230.16 mi11, Rosedale Terrace, Sunderland, Tyne And Wear SR6 9EG2
£179.9K07/230.16 mi9, Rosedale Terrace, Sunderland, Tyne And Wear SR6 9EG2
£137.5K09/230.16 mi2, Rosedale Terrace, Sunderland, Tyne And Wear SR6 9EG2
£170K09/230.18 mi127, Atkinson Road, Sunderland, Tyne And Wear SR6 9AX2
£170K09/230.18 mi127, Atkinson Road, Sunderland, Tyne And Wear SR6 9AX2
£150K02/230.19 mi4, Louis Avenue, Sunderland, Tyne And Wear SR6 9JL2
£184K01/240.19 mi16, Laindon Avenue, Sunderland, Tyne And Wear SR6 8HU2
£160K12/230.19 mi9, Laindon Avenue, Sunderland, Tyne And Wear SR6 8HU2
£115.8K02/240.2 mi3, Winifred Street, Sunderland, Tyne And Wear SR6 9HB2
£100K08/230.2 mi8, Hugh Street, Sunderland, Tyne And Wear SR6 9DZ2
£250K12/200.2 mi8, Merryfield Gardens, Sunderland, Tyne And Wear SR6 9LA2
£260K05/240.21 mi7, Malvern Gardens, Sunderland, Tyne And Wear SR6 9LB2
£127.5K03/210.22 mi8, Mere Knolls Road, Sunderland, Tyne And Wear SR6 9PS2
£91.7K04/230.22 mi5, Mere Knolls Road, Sunderland, Tyne And Wear SR6 9PS2
£135K03/240.22 mi143, Atkinson Road, Sunderland, Tyne And Wear SR6 9AY2
£225K11/230.23 mi3, Moine Gardens, Sunderland, Tyne And Wear SR6 9LE2
£157.5K01/210.23 mi28, Darien Avenue, Sunderland, Tyne And Wear SR6 8HH2
£160K07/210.23 mi10, Darien Avenue, Sunderland, Tyne And Wear SR6 8HH2
£174.8K08/210.23 mi25, Darien Avenue, Sunderland, Tyne And Wear SR6 8HH2
£172.5K05/230.24 mi10, Denbigh Avenue, Sunderland, Tyne And Wear SR6 8HQ2
£138K11/200.24 mi8, Danville Road, Sunderland, Tyne And Wear SR6 8HB2
£235K02/210.24 mi8, Dartford Road, Sunderland, Tyne And Wear SR6 8HF2
£140K11/200.25 mi36, Primrose Crescent, Sunderland, Tyne And Wear SR6 9RJ2
£144K02/240.25 mi43, Enid Avenue, Sunderland, Tyne And Wear SR6 9LJ2
£275K09/230.27 mi3, Dudley Avenue, Sunderland, Tyne And Wear SR6 8HD2
£165K06/210.27 mi50, Dene Lane, Sunderland, Tyne And Wear SR6 8EJ2
£349.9K09/230.28 mi6, Rockville, Sunderland, Tyne And Wear SR6 9EL2
£97K04/230.28 mi43, Laburnum Road, Sunderland, Tyne And Wear SR6 9RW2

Local Rents

12 rents from £650/mo to £2K/mo, average is £888/mo.

RentDateDistanceAddressBeds 
£80003/250.11 mi-2
£65009/240.13 miSea Road, Fulwell2
£80009/240.19 miLaindon Avenue, Fulwell2
£75003/250.22 mi-2
£79509/240.23 miMarina Avenue, Fulwell2
£99509/240.3 miLaburnum Road, Sunderland, SR62
£82509/240.43 miAshmore House2
£95009/240.54 mi-2
£2,00011/240.6 mi-2
£1,75003/250.6 mi-2
£2,00011/240.6 mi-2
£2,00011/240.6 mi-2

Local Area Statistics

Population in SR6

30,268

Population in Sunderland

183,740

Town centre distance

2.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £100,000

January 21, 2025

Description

  • Spacious Mid Terraced Cottage +
  • Ideally Located Close to Sea Front and Amenities +
  • Good Sized Rooms +
  • 2 Bedrooms +
  • uPVC Double Glazing +
  • Gas Central Heating +
  • Great Potential +
  • General Updating And Modernisation Required +
  • Suit Builder/Developer +
  • Vacant Possession +

In this popular and extremely convenient residential area ideally placed for access to the Sea Road shopping area, public transport and local amenities including the sea front this mid terraced cottage provides good sized accommodation of a type always in good demand. The property has would benefit from general modernisation and updating and will suit a builder or a purchaser looking for a building project. There is gas fired central heating and uPVC double glazing. Available immediately with no onward chain. It comprises: entrance vestibule, hall, lounge, kitchen, 2 bedrooms, bathroom/wc, gas CH (combi), uPVC double glazing, carpets, yard.
 

ENTRANCE VESTIBULE  

ENTRANCE HALL Radiator 

BEDROOM 1 11' 2" x 14' 3" (3.41m plus bay x 4.36m to chimney breast) Wall lights; radiator 

LOUNGE 14' 2" x 11' 2" (4.34m x 3.41m to chimney breast) Electric fire in tiled fire surround in wood fireplace; built in cupboards to alcoves; radiator 

KITCHEN 8' 9" x 5' 9" (2.69m x 1.77m) Wall and floor units having working surface; Single drainer sink unit; Baxi wall mounted combi boiler; door to yard 

BEDROOM 2 11' 3" x 6' 11" (3.43m x 2.12m) Radiator 

BATHROOM Panel bath; pedestal hand basin; radiator; through to: 

SEPARATE WC Low level suite 

Extras (Included in price): All fitted carpets, blinds, curtains and light fittings

Gas central heating (combi type)

uPVC double glazing

Rear yard with brick store

We understand that the property is Freehold

Council Tax Band A

EPC Rating E

VIEWING: By appointment through this office

Agent Details

Alfred Pallas, Fulwell

0191 625 0154

Next Steps?

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