Sourced Approved Investment

Hands Off BRRR Sunderland North East - House

£ 39,000

Added: 15/04/2025

Profit pa£4,388

ROCE59%

Yield10%

Property description

Strategy: Buy to Let

Deal 64 - Hands-Off BRRR: Sunderland

This is a 2-bedroom terraced home in Sunderland.

Key Investment Highlights:
▪ Purchase price: £39,000
▪ GDV: £75,000
▪ Refurb costs: £18,000
▪ Annual profit: £4,388
▪ ROCE: 59%
▪ Gross yield: 10%

▪ Estimated monthly rent: £600

Our All-Inclusive Service:
- Property sourcing: We identify and secure profitable investment opportunities.
- Finance: We assist with securing competitive financing options.
- Refurbishment: Our in-house team handles all renovation and refurbishment work.
- Tenant placement: We find reliable tenants and manage the tenancy process.
- Property management: We provide comprehensive property management services, including rent collection and maintenance.

Sourced reference: 792763971643437

Disclaimer

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.

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Due diligence

Economic Landscape
Automotive & Advanced Manufacturing: Sunderland is home to the Nissan Motor Manufacturing UK plant, one of the largest car production facilities in Europe, which plays a pivotal role in the local economy. The plant supports thousands of jobs and fosters a supply chain of related industries.

Port & Logistics: The Port of Sunderland facilitates trade and logistics, handling bulk cargo, offshore energy support, and renewable energy projects. The port is undergoing redevelopment to boost its role in offshore wind and maritime industries.

Renewable Energy: Sunderland is emerging as a hub for green energy, with investments in offshore wind and battery manufacturing. The International Advanced Manufacturing Park (IAMP) supports high-tech industries, including electric vehicle production.

Retail & Services: The city centre has undergone regeneration, with projects like Riverside Sunderland aiming to attract businesses, retail, and leisure developments.

Cultural and Educational Institutions
National Glass Centre: A cultural landmark celebrating Sunderland’s glass-making heritage, offering exhibitions, workshops, and educational programs.

Sunderland Museum & Winter Gardens: A key cultural venue featuring art, local history, and a tropical greenhouse.

Theatre & Music: The Sunderland Empire is a major theatre hosting West End productions, while independent venues like The Fire Station support local arts and live music.

Educational Institutions: The University of Sunderland is a key driver of education and innovation, with strengths in healthcare, engineering, and media. Sunderland College provides vocational and further education.

Transport and Infrastructure
Road Networks: The A19 and A1(M) provide strong road links to Newcastle, Teesside, and beyond. The Sunderland Strategic Transport Corridor aims to improve connectivity.

Public Transport: Sunderland is served by the Tyne & Wear Metro, connecting it to Newcastle and South Shields. Local bus networks cover key areas, and the Sunderland Railway Station offers regional rail services.

Cycling & Walking: The city promotes active travel with improved cycling routes and pedestrian-friendly developments.

Demographics and Quality of Life
Population: Sunderland has a population of around 275,000, with urban areas like the city center and suburban communities such as Washington and Houghton-le-Spring.

Quality of Life: The city offers affordable housing, coastal scenery (including Roker & Seaburn beaches), and green spaces like Herrington Country Park. Challenges include economic diversification beyond traditional industries and improving public services in some areas.

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Sales Agent

Keeshan Pillay

KLAP Property Group Ltd

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