William H. Brown says ..
GUIDE PRICE £60,000 - Opportunity to purchase 2 tenanted flats and the Freehold.Ideal investment opportunity with an £8,796 annual yield.
Property Oracle says ..
This property, located on Hylton Road in the Pallion area of Sunderland, is listed at £60,000 and marketed as an investment opportunity comprising two tenanted flats. The exterior shows a need for some level of maintenance or refurbishment. The front image shows the property is situated amongst other commercial properties and appears to be in a reasonable condition, although a closer look at the brickwork is needed to confirm this. The rear image reveals the rear access and building condition needs improved and that there may be a limited land area or a lack of a garden. The price, while seemingly low, needs further context due to the missing square footage. The location provides access to local amenities and schools but may not offer the same desirability as other areas within Sunderland. The listing highlights its potential as a buy-to-let investment, which should be examined in more detail to assess its overall viability. To accurately assess this investment opportunity, a professional inspection would be required, including the internal condition of the flats and to confirm the exact land size. This is crucial, along with reviewing potential rental income against costs and the current local market trends in the Pallion area of Sunderland.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 4
- Land
- 1
- Bedrooms
- 3
- Bathrooms
- 2
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 198,296.00 £Increased by 12.20 %
- Average area rental value
- 1,023.00 £/moDecreased by 13.08 %
- Est rental Yield
- 6.19 %Decreased by 22.53 %
- Crime Rate
- 15.00 %Unchanged by 0.00 %
Agent Activity
William H. Brown created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Diamond Hall Junior Academy | Academy Converter | 0.40 KM | |
Sunderland Children'S Centre Millfield | Children's Centre Linked Site | 0.44 KM | |
Diamond Hall Infant Academy | Academy Converter | Good | 0.54 KM |
Barnes Infant Academy | Academy Converter | Good | 1.00 KM |
Barnes Junior School | Community School | Good | 1.08 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Sorley Street | £ 170,000 | 0 | 0.00 KM |
Neville Road | £ 79,950 | 0 | 0.00 KM |
Pine Street | £ 99,950 | 0 | 0.00 KM |
Co-operative Terrace | £ 115,000 | 0 | 0.00 KM |
Prudhoe Street | £ 45,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Sunderland | 7640 | SUN | 2.66 KM |
Seaham | 7814 | SEA | 9.94 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
Hylton Road, SUNDERLAND | £ 60,000 | BUY | 4 / 10 | 0.00 KM |
Hylton Road, Sunderland, SR4 7YE | £ 125,000 | BUY | Unknown | 0.00 KM |
Pickard Street, Millfield, Sunderland | £ 75,000 | BUY | 4 / 10 | 0.10 KM |
Howarth Street, Sunderland, SR4 | £ 110,000 | BUY | 5 / 10 | 0.11 KM |
Hume Street, Millfield, Sunderland SR4 | £ 99,950 | BUY | 4 / 10 | 0.13 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
177 Hylton Road | £ 77,000 | 0.00 KM |
36 Booth Street | £ 89,950 | 0.09 KM |
34 Booth Street | £ 80,000 | 0.09 KM |
5 Booth Street | £ 100,000 | 0.09 KM |
9 Howarth Street | £ 113,000 | 0.10 KM |