3-bedroom house · SR3 1BX
Sold STCListed 64 days
Opportunity summary
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About
Auction Commencing on Monday 07th September at 1pm and ending 24 hours later on Tuesday 08th September from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast Deceptively spacious three-bedroom cottage offering character features, generous living accommodation and an enclosed rear yard with roller shutter access, ideally suited to owner-occupiers and investors alike.
The property also benefits from a EV Charger.
OPEN HOUSE VIEWING - NO NEED TO BOOK THURSDAY 27TH AUG 11AM-11:30AM A fantastic opportunity to acquire this deceptively spacious and characterful three-bedroom mid-terrace cottage, offering generous accommodation over two floors and presented in good overall condition throughout.
Ideal for owner-occupiers, investors or those seeking a home with period charm and modern touches, the property is offered to auction with the benefit of freehold tenure.
The ground floor briefly comprises an inviting lounge with feature log-burning stove and French doors opening into a substantial dining room, creating a versatile open-plan feel ideal for entertaining.
To the rear is a modern fitted kitchen with integrated cooking appliances and access to the enclosed yard, together with a contemporary family bathroom.
To the first floor are three well-proportioned bedrooms, including two generous doubles and a further single room, providing flexible accommodation for families or those requiring a home office.
Externally, the property benefits from an enclosed rear yard with roller shutter access, offering excellent potential for secure off-street parking or additional outdoor storage, subject to individual requirements.
Conveniently positioned for local amenities, schools and transport links, this attractive cottage combines character features such as high ceilings and fireplaces with practical modern living, making it a superb purchase for a range of buyers.
Accommodation Three-bedroom mid-terrace cottage Spacious lounge with feature log burner Large separate dining room Modern fitted kitchen Contemporary family bathroom Enclosed rear yard with roller shutter access Freehold EPC Ordered Ideal for owner occupation or investment Tenure: Freehold EPC Rating: ordered Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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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FAQ
About 12. Somerset Cottages, Sunderland, Tyne and Wear SR3 1BX
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