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See how verdicts work6-bedroom house · SR2 7BS
Sold STCReduced £20k (−7.7%) on 24 MayListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
INVESTMENT / DEVELOPMENT MULTI LET INVESTMENT An exciting opportunity to purchase a mid terraced property comprising of 4no self contained flats offering a unique investment / development opportunity.
The building is part let with 3 flats let but 1 flat does required full modernisation to bring it up to a lettable standard. The property is arranged over 3 floors providing 4no self contained flats.
Currently producing £2075 PER MONTH / £24,900 PER ANNUM but when fully let a potential of £2775 PER MONTH / £33,300 PER ANNUM. Externally there is a front forecourt and a rear yard.
Argyle Square is situated on the fringe of the city centre and offers excellent access to transport links, shops and amenities with Sunderland City Centre only a short walk / car journey.
Viewing of this exciting project and investment property is highly recommended to appreciate the location and potential on offer.
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: £750 per month FLAT 4: IN NEED OF MODERNISATION - BUT COULD RENT FOR £700 PER MONTH Current rental £2075 per month, £24,900 per month but when fully let could produce £33,300 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 Flat 1 - Living Room/Kitchen - Open plan kitchen/ living room Bedroom - Bathroom - Flat 2 - Studio Flat - 5.59 x 33.7 (18'4" x 110'6") - Open plan kitchen/living room the kitchen has a range of floor and wall units, tiled splashback, electric oven, electric hob, stainless steel sink and drainer with mixer tap.
Bedroom - 2.48 x 1.79 (8'1" x 5'10") - Bathroom - White suite comprising of a low level WC, pedestal basin, bath with shower over, extractor.
Flat 3 - Inner Hall - Living Room - 4.45 max x 4.75 max (14'7" max x 15'7" max) - Front facing, radiator.
Kitchen - Range of floor and wall units, tiled splashback, radiator, electric oven, electric hob with extractor over, stainless steel sink and drainer with mixer tap.
Bedroom 1 - 2.25 x 3.33 (7'4" x 10'11") - Front facing, radiator, storage cupboard Bathroom - White suite comprising of a low level WC, pedestal basin with mixer tap, bath with mixer tap and a shower over, radiator.
Bedroom 2 - 4.80 x 2.59 (15'8" x 8'5") - Rear facing, radiator, 2 storage cupboards. Flat 4 - Stairs to the first floor Shower Room - Bedroom - 4.14 x 4.74 (13'6" x 15'6") - Rear facing.
Living Room - 4.46 x 4.02 (14'7" x 13'2") - Front facing.
Bedroom 2 - 3.20 x 2.01 (10'5" x 6'7") - Kitchen - 2.05 x 2.05 (6'8" x 6'8") - Externally - Externally there is a front forecourt and a rear yard Council Tax - The Council Tax Band is Band A.
Flat 1: A Flat 2: A Flat 3: A Flat 4: A Tenure - We are advised by the Vendors that the property is Freehold.
Any prospective purchaser should clarify this with their Solicitor Epc - EPC Ratings: Flat 1: E Flat 2: E Flat 3: D Flat 4: n/a
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Argyle Square, Ashbrooke, Sunderland
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