12. Somerset Cottages, Sunderland, Tyne and Wear, SR3 1BX

Description

OPEN HOUSE VIEWING - NO NEED TO BOOK THURSDAY 27TH AUG 11AM-11:30AM A fantastic opportunity to acquire this deceptively spacious and characterful three-bedroom mid-terrace cottage, offering generous accommodation over two floors and presented in good overall condition throughout. Ideal for owner-occupiers, investors or those seeking a home with period charm and modern touches, the property is offered to auction with the benefit of freehold tenure. The ground floor briefly comprises an inviting lounge with feature log-burning stove and French doors opening into a substantial dining room, creating a versatile open-plan feel ideal for entertaining. To the rear is a modern fitted kitchen with integrated cooking appliances and access to the enclosed yard, together with a contemporary family bathroom. To the first floor are three well-proportioned bedrooms, including two generous doubles and a further single room, providing flexible accommodation for families or those requiring a home office. Externally, the property benefits from an enclosed rear yard with roller shutter access, offering excellent potential for secure off-street parking or additional outdoor storage, subject to individual requirements. Conveniently positioned for local amenities, schools and transport links, this attractive cottage combines character features such as high ceilings and fireplaces with practical modern living, making it a superb purchase for a range of buyers. Accommodation Three-bedroom mid-terrace cottage Spacious lounge with feature log burner Large separate dining room Modern fitted kitchen Contemporary family bathroom Enclosed rear yard with roller shutter access Freehold EPC Ordered Ideal for owner occupation or investment Tenure: Freehold EPC Rating: ordered

Accommodation

The supplied particulars indicate approximately 3 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Sunderland, Tyne and Wear. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

Rental & Market Context

HB screening rent is approximately £250–£300 pcm (£3,000–£3,600 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £32,250–£37,500 against purchase + works of approximately £45,000–£52,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-9,000–£5,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

Recommendation

Initial recommendation: Buy-to-Let. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆