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The Cheyne, Sunderland, SR3

North East

£275,000

Listed on 23/07/2026

Property details

Bedrooms
5
Type
Detached
Area
764 sqft

Description

This spacious five-bedroom detached family home, which has recently had its freehold acquired, offers an exceptional opportunity for those looking to undertake a renovation project. With approximately 125m² of versatile living space spread across two floors, the property is ideally positioned for modern family life. While some updates are necessary, this allows new owners to personalize the space to their preferences and unlock significant value. The ground floor features a welcoming entrance hall, a generous living room, and an expansive kitchen/diner that leads into a conservatory. Additionally, there is a study, utility room, storage area, and a convenient cloakroom/W.C. On the first floor, you'll find five bedrooms, including a spacious master suite with en-suite bathroom facilities, complemented by a family bathroom and landing area. Outside, the home includes a garage and presents great potential for enhancing both the exterior and interior to create a substantial family residence in this desirable Sunderland location. Given its ample accommodation and adaptable layout coupled with scope for modernization, this property stands as an excellent prospect for buyers eager to create their dream home.

Investment analysis

(SR3 area)

Above Market Value

This property is priced +79.3% above area average per sq ft

+79.3%
This Property
£360/sq ft
Area Average
£201/sq ft
Avg Rent (weekly)
£172
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£168,752
10% above area average per sq ft
Potential ROI
-46.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (SR3)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -6.5%
5 year growth: +9.9%
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

The Cheyne, Sunderland, SR3
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 over 30 years at 4.45% 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

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