4 Cairo Street, Sunderland, Tyne and Wear, SR2 8QH

Description

Offered for sale by auction, this two bedroom end terraced cottage style property is situated on Cairo Street in the Hendon area of Sunderland. The accommodation comprises two bedrooms, with the additional benefit of a boarded out attic space which has been converted to provide additional space. Buyers should note that the property is marketed as a two bedroom home, and the attic room should not be assumed to constitute a formal bedroom. Externally, there is a small brick built outbuilding, providing useful storage space and off street parking at the rear for a small car. The property is conveniently located for Sunderland city centre, local amenities and public transport links, making it a potential opportunity for investors or owner occupiers alike.

Accommodation

Two bedrooms; boarded out attic space converted to provide additional space; small brick built outbuilding providing storage.

Location

Situated on Cairo Street in the Hendon area of Sunderland, conveniently located for Sunderland city centre, local amenities and public transport links.

Tenure / Property Information

Investment Analysis

Five supplied same-street completed sales range from £32,500 to £52,000, with a median of £39,500 and an average of £39,990. A base GDV of £39,950 is used, broadly aligned with the £39,950 April 2025 sale. The £52,000 result demonstrates upside evidence but may reflect differences in condition or specification, which are not supplied. The £36,000 guide is close to the lower-middle of the evidence before the £3,600 administration charge, unknown buyer premium and other possible costs.

Investment Snapshot

Strategy Recommendation

Proceed only with strong inspection and legal due diligence and a tightly controlled bid. The evidence does not currently support a robust BTL or BRRR strategy, while a flip appears margin-sensitive after the administration charge and unknown costs.

Works Required

No condition report or refurbishment scope is supplied. Allow for inspection-led works only; the evidence confirms a boarded attic space, small brick-built outbuilding, rear parking and EPC rating E, but does not establish defects or required upgrades.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinance is estimated at £29,962.50. This is below the £36,000 guide plus the known £3,600 administration charge, before any buyer premium, works, finance, legal or other costs. Because works and total acquisition costs are unknown, cash left in and refinance viability cannot be reliably calculated.

Buy-to-Let Analysis

BTL assessment is incomplete because no sufficiently specific rental comparables or auctioneer rent estimate are provided. Gross rent and yield cannot therefore be established. EPC E and the unconfirmed status of the attic room should also be considered when assessing letting suitability.

Flip Analysis

The evidence supports a base resale value of approximately £39,950, with supplied completed sales ranging from £32,500 to £52,000. A flip surplus cannot be calculated because refurbishment costs, buyer premium, other acquisition costs and selling costs are not quantified. At the guide plus known administration charge, the margin to the base GDV is already limited before these costs.

Investor Risks & Due Diligence

• Condition and required refurbishment works are not supplied.

• The boarded attic room is not confirmed as a formal bedroom.

• EPC rating is E.

• No sufficiently specific rental evidence is available.

• A non-refundable £3,600 administration charge applies, with buyer premium and other possible costs unspecified.

• Comparable completed sales range materially from £32,500 to £52,000, and specification or condition differences are not supplied.

Recommendation

Proceed only with strong inspection and legal due diligence and a tightly controlled bid. The evidence does not currently support a robust BTL or BRRR strategy, while a flip appears margin-sensitive after the administration charge and unknown costs.

Strategy Rating

Analysis Confidence

There are five relevant same-street completed sales and known guide and administration charge, but no condition details, refurbishment budget, rental evidence, buyer premium amount or full cost schedule.