2-bedroom bungalow · SR4 6NE
Let agreedListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**NEW TO THE MARKET** AJP Properties are delighted to welcome to the market this lovely 2 bedroom mid-terraced cottage in the popular residential area of Millfield.
Situated close to local amenities, Sunderland Hospital and University and with great transport links to Sunderland City Centre.
AJP Property Services are pleased to offer for rent this lovely 2 bedroom cottage which has recently been re-decorated and flooring throughout. The front door opens to a welcoming hallway.
Leading off the hallway at the front of the property you will find the first of the two double bedrooms.
To the rear of the hall you will find a large lounge which then leads to a good sized fitted kitchen with a range of wall and base units, built in oven and hob and integrated microwave.
Leading off from the kitchen is where you will find the fully cladded bathroom with walk-in shower. The second double bedroom is situated at the end of the hallway off the lounge.
Externally there is a large private yard to the rear with electric roller shutter and space for one car. The property is ground floor for anyone with lateral living needs.
*VIEWING IS HIGHLY RECOMMENDED TO APPRECIATE THE FULL POTENTIAL OF THIS PROPERTY** Council Tax Band A Upfront Costs First months rent £675 Deposit (5 weeks rent) £778.84 Total £1453.84 Holding Fee £155.76 (PLEASE NOTE THIS IS NON-REFUNDABLE IF YOU FAIL REFERENCING OR WITHDRAW FROM THE PROCESS) Tenant Referencing Criteria: AJP Property Services will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: • A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
• An affordability assessment to ensure applicants income will sufficiently cover the rental payments.
• To pass the affordability check, each applicants gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount e.g.
if the rent is £500 PCM, applicants would need to earn £15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
• Each applicants affordability is assessed individually against the criteria. • Self-employed applicants will require an accountants reference and should have accounts for a minimum of two years.
• Employment checks to confirm your start date, salary and if your position is permanent. • Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. • Right to rent and ID checks.
Applicants who are students or are unemployed/work part time and receiving benefits WILL REQUIRE A GUARANTOR.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About Mafeking Street, Sunderland
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