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Springwell Road, Sunderland

North East

£40,000
Listed on 12/05/2026

Property Details

Bedrooms
1
Type
Flat

Description

This ground floor flat presents a valuable opportunity for renovation, situated conveniently near local amenities such as Barnes Park, schools, and public transport links. Ideal for first-time buyers or investors looking to enhance their property portfolio, the layout incorporates a welcoming entrance hallway, a spacious lounge with a charming fire feature, and a compact kitchen that includes necessary plumbing and space for appliances. The bedroom benefits from direct access to a conservatory, providing an inviting transition to the private gardens. Both front and rear lawns offer outdoor space that can be revitalised with landscaping. Although modernisation is required throughout the property, the potential to significantly increase its appeal and value through thoughtful upgrades is evident. This flat's straightforward configuration and prime location make it a prime candidate for transformation into a comfortable home or rental unit.

Investment Analysis

(SR3 area)
Area Average
£201/sq ft
Avg Rent (weekly)
£166
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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
16%
Properties sold annually

Local Market Trend (SR3)

Area prices are falling by -13.0% over the last 12 months
3 year growth: -11.5%
5 year growth: +3.4%
Investment Disclaimer: Analysis based on SR3 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

Springwell Road, Sunderland
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£143
Based on a loan of £30,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-12.9% since listed
£40,000£5,950(-12.9%)
11/05/2026
Current price
£45,950Initial listing
24/10/2025

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