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8 Garnet Street, Sunderland, Tyne and Wear SR4 6QS

North East

£40,000
Listed on 23/03/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This mid-terrace property presents an exciting opportunity for refurbishment within a desirable location near Sunderland city centre. Comprising three bedrooms and two reception rooms, the home's spacious layout offers considerable potential for transformation. The ground floor features an inviting entrance hallway and an open-plan arrangement that leads into a rear kitchen area, which opens up to a private yard and garage access – ideal for off-street parking or additional storage. The upper level accommodates three well-sized bedrooms along with a family bathroom, making it suitable for families or tenants alike. While the property is in need of comprehensive renovation throughout, this offers a unique chance for investors and developers to enhance its value significantly in a market with strong rental demand. Its proximity to local amenities and transport links further increases its appeal, making it a strategic investment for future residential use.

Investment Analysis

(SR4 area)
Area Average
£133/sq ft
Avg Rent (weekly)
£169
Avg Yield
6.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
89%
Properties sold annually

Local Market Trend (SR4)

Area prices are rising by +13.6% over the last 12 months
3 year growth: +15.0%
5 year growth: +26.6%
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

8 Garnet Street, Sunderland, Tyne and Wear SR4 6QS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£144
Based on a loan of £30,000 over 30 years at 4.06% 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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