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See how verdicts work2-bedroom terraced house · SR4 7HX
Sold STCListed 45 daysAuction 23 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 28th September at 1pm and ending 24 hours later on Tuesday 29th September from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast A vacant two-bedroom property offering an excellent refurbishment opportunity, ideal for investors, developers and buyers looking for a project.
Open House Viewing (no need to book) 2pm until 2:30pm on Thursday 17th September 2026 3pm until 3:30pm on Wednesday 23 September 2026.
The accommodation is arranged over two floors and extends to approximately 49 sq m, comprising an entrance foyer, spacious living room and separate kitchen to the ground floor.
The first floor provides a landing, two bedrooms and bathroom.
The property is currently in need of refurbishment and modernisation throughout, presenting an excellent opportunity for a purchaser to renovate to their own specification and potentially add value.
The living room offers generous proportions with a front-facing bay window, while the kitchen is fitted with a range of units but would benefit from updating.
Both bedrooms provide useful accommodation, with the main bedroom measuring approximately 3.5m x 2.5m.
Externally, the property benefits from off-road parking to the front and an enclosed rear garden with a useful storage shed.
Located within an established residential area of Sunderland, the property is conveniently positioned for access to a range of local amenities, shops, schools and transport connections, with Sunderland city centre also within easy reach.
Offered vacant and with no onward chain, the property represents an attractive opportunity for investors seeking their next refurbishment project, with potential for resale or addition to a rental portfolio once works are completed.
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
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 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.
Area
Agent & docs
FAQ
About 21 Chester Mews, Sunderland, Tyne and Wear SR4 7HX
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