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See how verdicts work1-bedroom flat · SR2 7JZ
Listing removedListed 340 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
1 DOUBLE BEDROOM FIRST FLOOR APARTMENT - CONVERSION WITHIN BEAUTIFUL BUILDING - ONE OF THE BEST LOCATIONS IN CITY - ALLOCATED PARKING + VISITOR PARKING - REQUIRES SOME RENOVATION WORKS - WALKING DISTANCE TO CITY CENTRE - NO CHAIN … Good Life Homes are delighted to bring to the market a terrific opportunity to acquire a one double bedroom apartment within a prestigious ASHBROOKE location just a short walk from the city centre and transport links.
At entry level price, the apartment does require some renovation and would make a perfect base or second home on completion.
Briefly comprising; private grounds to the front including allocated and visitor parking, well maintained entrance hall and beautiful staircase leading to the apartment door.
The apartment comprises a large open plan lounge/kitchen, a very large double bedroom and a bathroom.
The apartment is leasehold and subject to a service charge more information on which can be provided.
The current rental assessment on a well presented one bedroom apartment within this location would be £600 to £650pcm. Viewing arrangements can be made by contacting our local office.
If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance.
Our fixed price selling fees start from just £1195 + vat on a no sale no fee basis which means you won’t pay us anything unless we sell your home!
Call us and find out why so many people across Sunderland now choose Good Life to sell their home.
Introduction - 1 DOUBLE BEDROOM FIRST FLOOR APARTMENT - CONVERSION WITHIN BEAUTIFUL BUILDING - ONE OF THE BEST LOCATIONS IN CITY - ALLOCATED PARKING + VISITOR PARKING - REQUIRES SOME RENOVATION WORKS - WALKING DISTANCE TO CITY CENTRE - NO CHAIN … Entrance Hall - Radiator, entry phone, Electric consumer unit, door leading off to bathroom, door leading off to large double bedroom, door leading off to lounge/kitchen.
Bathroom - 2.74m x 1.42m (9'0 x 4'8) - Tiled flooring, chrome towel heater style radiator, white sink with single pedestal and chrome tap, white bath with panel, chrome tap with showerhead attachment, whit toilet with low level cistern.
The walls are finished in a ceramic tile in their entirety. Recessed lights to ceiling and extractor fan. Lounge Kitchen - 6.10m x 4.75m (20'0 x 15'7) - Large open space spilt into 2 areas.
The lounge area which has adequate space for table, chairs, sofa, tv etc and a kitchen area with laminate wood-effect flooring, part fitted kitchen which is need of repair/updating, comprising a range of wall and floor units in a light wood-effect finish with contrasting laminate wood-effect work surface.
Electric integrated oven, 4 ring integrated gas hob and extractor chimney in stainless steel finish, stainless steel sink with bowl and a half, single drainer and matching monobloc tap, space for washing machine, space for tall fridge/freezer.
The room is illuminated by 2 windows which are single-glazed, sash windows and there is a large double radiator providing heat to the space.
Built in cupboard leads off which provides room for storage and the location of the combi boiler. Bedroom 1 - 6.02m x 3.35m (19'9 x 11'0) - Measurements taken at widest points.
Very large double bedroom. Carpet flooring, radiator, rear facing single-glazed sash window.
General - The property has been rented out in recent times, and we understand is compliant from a gas and electricity point of view for buy to let use.
Although the property would benefit from some repair and updating to make it suitable condition for relet. With suitable refurbishment we would expect the rental amount to £600 pcm plus.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Thornhill Park, Thornhill, Sunderland
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