No. 11 Marina Terrace, Ryhope, Sunderland, Tyne and Wear, SR2 0PB

Description

The property briefly comprises an entrance hall, spacious lounge with feature bay window, separate dining room and kitchen/diner to the ground floor. To the first floor are three bedrooms, including two bedrooms and a useful third bedroom, together with a family bathroom. Externally, the property benefits from a generous garden, providing good outdoor space and further appeal to family purchasers. An attractive auction opportunity offering three bedroom accommodation, a generous garden and clear scope for some works and improvement.

Accommodation

Entrance hall, spacious lounge with feature bay window, separate dining room and kitchen/diner to the ground floor; three bedrooms and a family bathroom to the first floor; generous garden externally.

Location

Marina Terrace is situated within the established residential area of Ryhope, Sunderland, approximately three miles south of Sunderland city centre. The area benefits from a range of local shops, amenities and schools, with good road connections via the A19 providing convenient access towards Sunderland, Durham and Newcastle. The nearby coastline, including Seaham and its popular seafront, is also readily accessible.

Tenure / Property Information

Investment Analysis

The £95,000 guide is broadly consistent with the subject property's recorded £95,000 sale in 2018 and sits between the recorded sales of nearby Marina Terrace properties at £89,000 and £145,000 in 2019. However, these comparables are historic, the £145,000 sale may reflect a different condition or specification, and no current valuation evidence or sufficiently specific rental evidence is supplied. A supported current GDV cannot therefore be established.

Investment Snapshot

Strategy Recommendation

Treat as a potential owner-occupier or value-led purchase only after confirming the lease, inspecting the unspecified works and obtaining a complete cost schedule. Do not rely on a BTL, BRRR or flip strategy until current value and rent evidence are available.

Works Required

The description indicates scope for some works and improvement, but does not identify specific defects, required upgrades or quantities. A viewing, survey and legal review are required before specifying or costing works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, refurbishment budget, achievable rent and full acquisition cost. The lease details are also absent, so lease length and any ground rent or service-charge implications cannot be assessed.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Purchase costs, works costs and additional auction charges are also incomplete. The £3,600 including VAT admin charge would be payable on exchange, with other possible fees separately stated.

Flip Analysis

The historic sold evidence provides some context but is insufficient to establish a current resale value or flip surplus. Works are described only in general terms and no selling-cost allowance is supplied, so the project cannot be reliably modelled.

Investor Risks & Due Diligence

• Historic comparables may not represent current market value or the property's present condition.

• The lease length, ground rent, service charge and other lease terms are not supplied.

• The required works are unspecified, so refurbishment cost and programme cannot be assessed.

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• A £3,600 including VAT admin charge is payable on exchange, and other possible fees and disbursements may apply.

• Parking, heating and council tax information are not supplied.

• EPC rating is D, with no further energy-performance detail provided.

Recommendation

Treat as a potential owner-occupier or value-led purchase only after confirming the lease, inspecting the unspecified works and obtaining a complete cost schedule. Do not rely on a BTL, BRRR or flip strategy until current value and rent evidence are available.

Strategy Rating

Analysis Confidence

The evidence includes a guide price, historic local sales and a property description, but lacks current valuation evidence, rental evidence, refurbishment costs, lease terms, occupancy details and several property and auction cost details.