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Offerton Street, Millfield, Sunderland

North East

£60,000
Listed on 14/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
646 sqft

Description

This 2 to 3-bedroom cottage presents a compelling opportunity for renovation and investment in the Millfield area. Nestled conveniently near Sunderland City Centre, the property is also within close proximity to local amenities, Chester Road shops, the hospital, and the university, making it appealing for both residential and rental purposes. Internally, the layout offers versatility and potential for modernisation. The ground floor features an entrance hall leading to a multi-functional sitting room that can serve as either a living space or a third bedroom. A second spacious sitting/dining room offers rear-facing windows that allow natural light to flow through. The kitchen, though modest in size, includes essential features such as a wall-mounted gas boiler and access to the rear yard via a door. The bathroom consists of fundamental fixtures including a low-level WC, pedestal basin, and bath—ideal for updating according to personal taste. Upstairs, there are two bedrooms with various ceiling heights adding character to the spaces; one has a Velux-style window enhancing light while the other overlooks the rear. Externally, the property boasts a rear yard accessible through a roller shutter, offering potential for outdoor use or storage. With no onward chain involved in this sale and its freehold status pending confirmation from solicitors, this property is an inviting prospect for those looking to invest in an area with significant demand for modern housing solutions. Viewing is recommended to fully grasp the possibilities this cottage holds for future transformation.

Investment Analysis

(SR4 area)

Below Market Value

This property is priced -33.2% below area average per sq ft

-33.2%
Potential saving
This Property
£93/sq ft
Area Average
£139/sq ft
Avg Rent (weekly)
£168
Avg Yield
7.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£98,773
10% above area average per sq ft
Potential ROI
+9.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
47%
Properties sold annually

Local Market Trend (SR4)

Area prices are rising by +9.3% over the last 12 months
3 year growth: 9.2%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on SR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Offerton Street, Millfield, Sunderland
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£220
Based on a loan of £45,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE