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See how verdicts work2-bedroom flat · SR2 0YP
Sold STCListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to purchase this spacious, first floor purpose built flat located in Leechmere estate.
A great location for those looking for easy access to local amenities and transport links.
The property has recently been refurbished and offers move in ready accommodation, ideal for first time buyers or investors alike.
The accommodation briefly comprises, entrance hall, lounge, kitchen, two double bedrooms and bathroom with shower over the bath. Externally there is a garden area to the front.
Externally there is a garage which has a roller shutter door.
Entrance Hall Lounge - 3.7m x 3.78m Kitchen - 1.98m x 2.67m Bedroom One - 2.97m x 3.78m Bedroom Two - 3.05m x 3.02m Bathroom - 1.98m x 1.9m MATERIAL INFORMATION The following information should be read and considered by any potential buyers prior to making a transactional decision: SERVICES We are advised by the seller that the property has mains provided gas, electricity, water and drainage.
LEASEHOLD INFO The property is leasehold.
The lease is TBC from TBC The ground rent per annum is approximately £TBC and the service charge is approximately £TBC which includes TBC WATER METER TBC PARKING ARRANGEMENTS Garage / Street Parking ELECTRIC CAR CHARGER No MOBILE PHONE SIGNAL No known issues at the property.
BROADBAND SPEED The maximum speed for broadband in this area is shown by imputing the postcode at the following link here > FLOOD RISK RATING Please check the online flood risk checker at the following link here > NORTHEAST OF ENGLAND - EX MINING AREA We operate in an ex-mining area.
This property may have been built on or near an ex-mining site. Further information can/will be clarified by the solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at the point of producing this material.
There may be more information related to the sale of this property that can be made available to any potential buyer.
These particulars are intended to give a fair and reliable description of the property but no responsibility for any inaccuracy or error can be accepted and do not constitute an offer or contract.
All measurements are approximate and for guidance only
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Padstow Close, Sunderland, Tyne and Wear, SR2 0YP
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