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Halfway House Lane, Sunderland SR2 - Image 1
Halfway House Lane, Sunderland SR2 - Image 2
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Halfway House Lane, Sunderland SR2

North East

£450,000
Listed on 02/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This substantial 3.5-acre plot in Sunderland presents a notable opportunity for investors and developers seeking to capitalize on a promising location. The land, while currently without planning permission, offers a blank canvas for various development possibilities that can cater to the growing needs of the community. Situated in an area that benefits from accessibility to local amenities and transport links, this property is strategically positioned for future growth. The surrounding neighborhood has been experiencing gradual enhancements, making it an attractive option for those looking to invest in real estate or embark on a renovation project. The absence of existing structures allows for flexibility in the development plan, giving potential buyers the freedom to explore options that best suit their vision—whether that be residential housing, commercial use, or mixed developments. This plot's ample size not only provides room for substantial constructions but also leaves space for landscaping or additional features that could enhance value. As demand for quality development increases in Sunderland, this property stands as a significant prospect for those ready to take advantage of its investment potential and transform it into something truly special.

Investment Analysis

(SR2 area)
Area Average
£140/sq ft
Avg Rent (weekly)
£158
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (SR2)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -2.1%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on SR2 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

Halfway House Lane, Sunderland SR2
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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
£1,648
Based on a loan of £337,500 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