2-bedroom flat · SR6 7PE
For saleReduced £10k (−6.1%) on 13 OctListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a rare opportunity to buy and renovate to your own specifications, a lovely sized First Floor Apartment in this unique development in the heart of Cleadon Village.
The home offers a blank canvas to consider how to remodel and renovate, comes with two bedrooms, a fully tiled bathroom ith shower over the bath, a superb sized lounge dining room with west aspect and hardwood floors that then leads into a kitchen.
There's gas central heating, some double glazing and a tandem two car parking bay in the communal courtyard area.
These lovely apartments are not available that often, so an early viewing is essential Communal Entrance From the rear courtyard, there is the communal entrance via a secure entry system with stairs leading to the first floor landing with the apartments entrance door.
Entrance Hall An entrance hall with a built in cupboard, hardwood floor and a radiator. The loft is accessed via a hatch and ladder.
There is some boarding in the loft which also houses the Worcester central heating boiler.
Lounge Dining Room (6.54 x 3.44 (21'5" x 11'3")) A lovely sized room with a square bay window having a west aspect, hardwood floor and a feature fire surround with an electric fire, two radiators Kitchen (2.56 x 2.09 (8'4" x 6'10")) Fitted with wall and base units housing a sink, tiled walls and a radiator Bathroom A three piece suite of a shower bath with a mixer shower tap and mixer shower over, shower screen, wash basin and WC, tiled walls and floor, spot lights and a towel radiator Bedroom 1 (4.05 x 2.82 (13'3" x 9'3")) With a square bay window overlooking Newcastle Road, built in wardrobes with sliding doors and a radiator Bedroom 2 (3.01 x 2.07 (9'10" x 6'9")) Built in cupboard, radiator External Allocated tandem 2 car parking bay in the communal courtyard and garden area with paving and patio area.
There is a timber bin store Note A 7th share of the freehold company ltd with the apartment having a 999 year lease from 1983.
A maintenance charge is payable for the upkeep of all the communal areas and includes buildings insurance, this is currently £80 per month.
Council Tax Band C, Mains Services Connected, Flood Risk very low. Broadband Basic 8 Mbps, Superfast 80 Mbps, Ultrafast 1800 Mbps. Satellite/Fibre TV Availability BT and Sky.
Mobile Coverage O2 and Vodafone likely, EE and Three limited
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 6, Cottage Gardens, Sunderland
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