3-bedroom flat · SR6 0AD
Sold STCListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning 3 bed triplex apartment situated in the sought after Bonners Raff St Peters Wharf development situated on the banks of the River Wear boasting an excellent location for Sunderland city centre, local amenities, river side walks, the sea front and regional road transport links.
The property is arranged over 3 floors benefiting from a Security Alarm System, Double Glazing, modern contemporary living and spacious living accommodation briefly comprising of: Entrance Hall with Utility Room, spiralled stairs leading to the First Flor, landing, 2 Bedrooms Dressing Area and an En Suite.
Spiralled staircase from the First Floor to the Second Floor, Landing, An open plan Kitchen / Dining Living Room and access to a balcony that enjoys stunning River Views and beyond, Bedroom and a Bathroom.
The apartment has the added benefit of a secure allocated parking space. Viewing is highly recommended to fully appreciate the unrivalled river views and excellent lifestyle apartment.
PLEASE NOTE THE APARTMENT IS CURRENTLY LET AT A MONTHLY RENTAL OF £1000 PER MONTH, £12000 PER ANNUM AND COULD BE SOLD WITH THE TENANT IN SITU OR WITH VACANT POSSESSION - DETAILS UPON REQUEST.
Agents Note - Tenancy Details - The property is let on it has been advised an assured shorthand tenancy at a monthly rent of £1000 per month, £12,000 per annum. Further details upon request.
Entrance Hall - Spiraled staircase to the first floor.
Utility Room - Plumbed for washer and dryer First Floor - Landing, accessed from spiralled stairs from the entrance hall Bedroom 1 - 3.23 x 3.63 (10'7" x 11'10") - Two double glazed windows, radiator with cover.
Dressing Area - 1.72 x 2.40 (5'7" x 7'10") - Access to the en suite.
En Suite - white suite comprising of a low level WC, wash hand basin with mixer tap, towel radiator, walk in shower with tiled splash aback, recessed spot lighting, extractor.
Bedroom 2 - 3.48 x 1.73 (11'5" x 5'8") - double glazed window, radiator Second Floor - Landing area, laccessed via spiralled stairs from the first floor landing, leading to Kitchen / Dining / Living Room - 7.97 max x 6.93 max (26'1" max x 22'8" max) - A stunning open plan kitchen / dinig / living room, two feature radiators, double glazed door opening to a private balcony with superb river views.
The kitchen has a range of floor and wall units, granite worktops, stainless steel sink and mixer tap, electric oven, electric hob with extractor over, wine freezer, space for an Americans style fridge freezer, integrated dishwasher.
Balcony - Accessed from the living room / dining room / kitchen and enjoys stunning river views and beyond. Bedroom 2 - 2.88 x 3.06 (9'5" x 10'0") - Double glazed window, radiator.
Bathroom - White suite comprising of a low level Wc, wash hand basin with mixer tap, chrome towel radiator, bath with mixer tap and a shower over, part tiled walls, recessed spot lighting, extractor, Parking - Allocated parking space.
Council Tax - The Council Tax Band is Band E. Tenure - We are advised by the Vendors that the property is held on a Leasehold basis for a term of 125 years from 1st January 2003.
Any prospective purchaser should clarify this with their Solicitor
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.
Area
Agent & docs
FAQ
About Chandlers Road, St Peters, Sunderland
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