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Flat · 2 bed
Supports major UK property portals
Suggested Offer Range
Asking price is 44% above the area median. Offers anchored to area median of £42,000. Note: listed as "Offers Over" — vendor expects full asking price or above.
🔨 Refurb Cost Estimate
AI condition score: 4/10 · North East rates
| Room | Estimated Refurb Cost |
|---|---|
| Kitchen | £3,250 |
| Bathroom | £2,400 |
| Living Room | £1,450 |
| Master Bedroom | £1,650 |
| Bedroom 2 | £1,650 |
| Entrance Hall | £300 |
| Total Estimated Refurb | £10,200 |
⚠ Indicative estimates only. Based on photo condition score and regional benchmarks for a typical 2–3 bed property. Always obtain contractor quotes before committing to a refurb budget. Photo AI may over-flag minor cosmetic issues.
🔧 Local Trades
| Trade | Name | Phone | |
|---|---|---|---|
| builder | Builders in Sunderland, House Extensions in Sunderland | 07482796053 | — |
| decorator | Painter and Decorator Sunderland | SR1 SR2 SR3 | 01917436008 | — |
| photographer | Brenden Ward Photography | Professional photographer | 07717207447 | — |
Property Details
- Asking Price
- £61,000
- Property Type
- Flat
- Bedrooms
- 2
- Bathrooms
- N/A
- Floor Area
- 1,000–1,100 sqft
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
📈 Rental Yield & ROI Forecast
Compound-growth projection: 2.5% annual rent growth + 3% capital growth. IO mortgage throughout. For illustration only.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £7,619 | £62,830 | £5,041 | £2,753 | £4,583 | 20.5% |
| Yr 3 | £8,005 | £66,656 | £5,318 | £8,674 | £14,331 | 64.0% |
| Yr 5 | £8,410 | £70,716 | £5,610 | £15,172 | £24,887 | 111.1% |
| Yr 10 | £9,515 | £81,979 | £6,406 | £34,132 | £55,111 | 246.0% |
| Yr 15 | £10,765 | £95,036 | £7,306 | £57,380 | £91,416 | 408.1% |
| Yr 20 | £12,180 | £110,173 | £8,325 | £85,478 | £134,651 | 601.1% |
| Yr 25 | £13,781 | £127,720 | £9,477 | £119,064 | £185,784 | 829.4% |
| Yr 30 | £15,591 | £148,063 | £10,781 | £158,858 | £245,921 | 1097.9% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
Planning Applications Nearby (within 0.5 miles)
5 planning applications found within 0.5 miles — 🔒 sign in for references, descriptions and status
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● Approved ● Pending ● Refused
🌎 Area Profile — North East England ⓘ What are deciles?
📄 Lease Information
Estimated remaining lease: 70 years. Below 85 years — approaching mortgage threshold; consider a lease extension.
| Item | Value |
|---|---|
| Current value (short lease) | £61,000 |
| Est. freehold / extended value | £66,304 |
| Marriage value (50% to freeholder) | £2,652 |
| Est. total extension cost | £2,917 |
| Potential uplift (after extending) | £2,387 |
Estimates based on Savills/RICS relativity tables. Seek a professional lease extension valuation before proceeding.
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £540 | 10.6% | 6.2% | £66 | 0.2% |
| Conservative | £591 | 11.6% | 7.4% | £167 | 9.2% |
| Base | £635 | 12.5% | 8.3% | £229 | 13.0% |
| Optimistic | £686 | 13.5% | 9.3% | £299 | 17.3% |
| Bull | £749 | 14.7% | 10.5% | £380 | 23.0% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●12.49% |
| Net Yield | ●8.26% |
| Net Annual Income | £5,041 |
| Deductions: void 8% (−£610) · mgmt 10% (−£762) · maint 10% (−£762) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £190 |
| Monthly Cashflow (IO) | ●£230 |
| Cash-on-Cash Return | ●12.29% |
| 5-Year IRR | ●13.0% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £3,050 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £3,050 |
| Section 24 Extra Tax/yr (higher rate) | £458 |
| SPV Annual Saving | £1,293 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £70,716 |
| Less: Purchase Price | −£61,000 |
| Less: Buying Costs (SDLT + legal) | −£5,650 |
| Less: Selling Costs (est. 2.5%) | −£1,768 |
| = CGT Net Gain (5yr) | £2,298 |
| CGT at 24% | £— |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £540 | 10.6% | 6.2% | £66 | 0.2% |
| Conservative | £591 | 11.6% | 7.4% | £167 | 9.2% |
| Base | £635 | 12.5% | 8.3% | £229 | 13.0% |
| Optimistic | £686 | 13.5% | 9.3% | £299 | 17.3% |
| Bull | £749 | 14.7% | 10.5% | £380 | 23.0% |
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