Tuesday, 23 August 2016

Five Bedroom Terrace in Roker - Potential Flip

This five bedroom terrace is located in one of most sought after parts of Roker close to Roker Park. It's being marketed with no chain and given it is being marketed by Springbok Properties (who specialise in sales for those who want or need to sell quickly) it may be that the owners may accept close to the Offers Over £125,000 price - leaving plenty of scope for a profit if buying to sell

Unfortunately the St Peters Ward is one of areas in Sunderland affected by the 'Article 4' legislation meaning planning permission would need to be sought to change the use from a single dwelling to HMO (otherwise a good cashflowing alternative would have been to let it to working professionals on a room-by-room basis)

Click here for details http://www.zoopla.co.uk/for-sale/details/41438604

Interestingly the most recent comparable sale on this street was last year and the property (done up to a very basic standard) sold for £211,900 - click here for details http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=46704403&sale=76805076&country=england

I'd suggest any potential 'Flipper' would make more by potentially spending a little more on a better quality kitchen and bathroom than the one above, and applying some interior design techniques (even just decorating in a colour scheme fitting of a family home rather than wall-to-wall magnolia) would increase the likely return

Call me if you'd like to discuss this opportunity or any aspect of property investment (be it Buy to Sell or Buy to Let) in Sunderland - call 0191 567 8577 or email neil.whitfield@belvoirlettings.com

1 comment:

  1. Every one is very worried in this modern era, because they looking for a perfect place for living a luxury modern style. Sunderland Property providing here a wonderful 5 bedroom Terrace home in Roker, and when we talking about the bedroom; which is the most necessary place for every one to taking rest, then we should think about a perfect quality mattress, which help us to get a good sleep. In this modern era of living style we also have a modern and comfortable Memory foam mattress topper for getting a peaceful and enjoyable sleep.