2-bedroom flat · SR3 3HN
Sold STCListed 47 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 bedroom first floor apt - modernised & well presented - rental compliant for btl - leasehold - low/no service charges - rental assessment £600pcm - potential rental yield 14%pa + popular location..
Good Life Homes are delighted to bring to the market a well presented modernised spacious 2 double bedroom apartment in popular Farringdon just off Allendale Road.
Benefitting from a recent refresh, we believe the property is buy to let complaint and ready to move into with smart and clean decorative presentation.
The owner has advised us that this block has very small o service charges and is self-managed details of which should be confirmed by the new owners.
This means there’s a terrific rental yield but it also represents a low cost living opportunity for private purchasers.
Comprising; stairs to first floor, secure door to flat, 2 double bedrooms, spacious lounge, modern kitchen and bathroom, covered balcony with views over communal garden.
Viewing arrangements can be made by contacting our local office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance.
Our fixed price selling fees start from just £1195 + vat on a no sale no fee basis which means you won’t pay us anything unless we sell your home!
Call us and find out why so many people across Sunderland now choose Good Life to sell their home.
Introduction 2 bedroom first floor apt - modernised & well presented - rental compliant for btl - leasehold - low/no service charges - rental assessment £600pcm - potential rental yield 14%pa + popular location Entrance Hall Entrance via uPVC double-glazed door.
Radiator, 5 doors leading off, 1 to lounge, 2 to bedrooms, 1 to kitchen and 1 to bathroom.
Lounge (5.08m x 3.38m (16'8 x 11'1)) Large lounge with carpet flooring, radiator, wooden framed single-glazed window with pleasant views, feature fire in a wood-effect finish with built in electric fire.
The room has recently been redecorated. Bedroom 1 (3.45m x 3.38m (11'4 x 11'1)) Good size double bedroom.
Carpet flooring, radiator, front facing wooden framed single-glazed window, 2 built in cupboards, 1 of which houses the recent combi boiler, the other which provides storage.
This is a good size bedroom, recently been redecorated. Bedroom 2 (3.43m x 3.30m (11'3 x 10'10)) Also a double bedroom. Carpet flooring, radiator, rear facing single-glazed window.
This has also recently been redecorated. Bathroom (2.26m x 1.93m (7'5 x 6'4)) Recently refurbished.
Tiled flooring, white bathroom suite comprising of toilet with low level cistern, sink with single pedestal and chrome tap, bath with panel, chrome taps.
Electric shaving point, uPVC cladding to walls and ceilings, radiator, rear facing single-glazed window with privacy glass. Kitchen (2.64m x 2.26m (8'8 x 7'5)) Modern kitchen.
Tiled flooring, fitted kitchen with a range of wall and floor units in a white finish with contrasting laminate work surface and a wood-effect finish, stainless steel sink with single bowl, single drainer and matching Monobloc tap.
Integrated electric oven, 4 ring gas hob and feature extractor chimney, space and plumbing for a washing machine, space for tall fridge/freezer, space additional under bench appliance, rear facing single-glazed window, recessed lights to ceiling.
Balcony Pleasant outside area perfect for drying laundry and provides some semi outdoor seated area. Shared outside gardens to the rear.
Communal Entrance Secure entry door to the main block with staircase leading to first floor.
General We understand that the block is self managed and there is no ongoing service charges for this property subject to confirmation by purchasers.
This makes the property a very attractive buy to let investment with a good investment return potential for buy to let purchasers or as a low cost home for private purchasers.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 5, Aydon House, Sunderland
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