2-bedroom house · SR4 7EB
Sold STCListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IN NEED OF MODERNISATION - This 2 bed end terraced cottage is located on Pensher Street in Millfield which offers convenient access to Sunderland City Centre, Hospital, University, as well as Chester Road and its many shops and amenities.
Internally the property briefly comprises of: Entrance Hall, Living Room, Kitchen, Bathroom and 2 Bedrooms. Externally there is a rear yard accessed via a roller shutter.
There is NO ONWARD CHAIN INVOLVED with the sale Viewing is highly recommended to fully appreciate the potential on offer. Entrance Vestibule - Leading to the inner hall. Inner Hall - Radiator.
Bedroom 1 - 4.28 x 3.90 (14'0" x 12'9") - Front facing, double glazed window, radiator. Living Room - 4.09 max x 4.91 max (13'5" max x 16'1" max) - Double glazed window, radiator.
Kitchen - 3.60 x 2.77 (11'9" x 9'1") - Floor units, tiled splashback, oven, hob, stainless steel sink and drainer, wall mounted gas central heating boiler, double glazed window, radiator, door to the yard.
Bathroom - Low level WC, pedestal basin, bath, radiator, double glazed window. Bedroom 2 - 2.94 x 2.13 (9'7" x 6'11") - Rear facing, double glazed window, radiator.
Externally - Externally there is a rear yard accessed via an electric roller shutter. Council Tax - The Council Tax Band is Band A.
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.
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
Agent & docs
FAQ
About Pensher Street, Millfield, Sunderland
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