3-bedroom terraced house · SR2 7ER
Sold STCListed 254 days
Opportunity summary
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About
FOR SALE BY AUCTION - GUIDE PRICE £180,000+ FULLY LET INVESTMENT ON CRESSWELL TERRACE, SUNDERLAND - PRODUCING £1950 PER MONTH - £23,400 PER ANNUM This substantial 3 storey mid terrace property is situated on Cresswell Terrace on the fringe of Sunderland City Centre providing convenient access to shops, bars, restaurants, cafes and amenities as well as excellent transport links via Sunderland Bus & Metro Interchange, University and Royal Hospital.
The property provides 3no self contained flats that are fully let offering an excellent rental income. full details relating to the rents are available upon request.
Tenancy Details - It has been advised that the following rents are payable for the property.
FLAT 1: £675 per month FLAT 2: £650 per month FLAT 3: £625 per month Total £1950 per month - £23,400 per annum Full details in relation to the tenancy details are available upon request, the rents were advised by the landlord and correct at the time of listing.
Prospective purchasers should make their own investigations in this regard as the rent can sometimes change.
Communal Entrance Hall - Leading to flat 1 Living Room - 5.31 max x x 471 max (17'5" max x x 1545'3" max) - Radiator. Bedroom - Rear facing, radiator.
Kitchen - 2.81 x 2.86 (9'2" x 9'4") - Range of floor and wall units, double glazed window, stainless steel sink and drainer with mixer tap, wall mounted gas central heating boiler.
Shower Room - Low level WC, wash hand basin, shower cubicle. Flat 2 - Living Room - 4.20 x 4.08 (13'9" x 13'4") - Front facing, radiator.
Bedroom - 2.10 x 3.16 (6'10" x 10'4") - Front facing, radiator.
Kitchen - 4.23 x 3.16 (13'10" x 10'4") - Floor and wall units, wall mounted gas central heating boiler, electric oven, gas hob with extractor over, double glazed window, storage cupboard, stainless steel sink and drainer.
Bathroom - Suite comprising of a low level WC, pedestal basin, bath with mixer tap and a shower over, radiator, double glazed window.
Flat 3 - Bedroom - 3.73 max x 4.29 max (12'2" max x 14'0" max) - Rear facing, radiator, double glazed window.
Bathroom - Low level WC, pedestal basin, bath with mixer tap and shower attachment, radiator, double glazed window. Living Room - 3.13 x 4.11 (10'3" x 13'5") - Double glazed window, radiator.
Kitchen - 2.56 max x 3.17 max (8'4" max x 10'4" max) - Range of floor and wall units, stainless steel sink and drainer, wall mounted gas central heating boiler.
Externally - Externally there is a front forecourt and rear yard. Council Tax - The Council Tax Band is Band: Flat 1: A FLAT 2: A FLAT 3: A Under EPC remove 'Ground Floor Flat: C'.
Flat 1 is G Floor and is D Flat 3 has no EPC but we can arrange? Epc - EPC Rating: Flat 1: D Flat 2: C Flat 3: TBC Tenure - We are advised by the Vendors that the property is Freehold.
Any prospective purchaser should clarify this with their Solicitor
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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About Cresswell Terrace, Ashbrooke, Sunderland
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