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Merrington Close, Moorside, Sunderland SR3 - Image 1
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Merrington Close, Moorside, Sunderland SR3 - Image 3

Merrington Close, Moorside, Sunderland SR3

North East

£49,950
Listed on 28/03/2026

Property Details

Bedrooms
2
Type
Flat

Description

This ground floor flat offers a promising opportunity for cash buyers looking to invest in the Moorside area. With two bedrooms and convenient access via a private entrance, this property boasts an open front aspect and includes a private rear garden along with a garage located in a nearby block. The layout consists of an entrance lobby leading into a spacious lounge, a functional kitchen with essential fitted units, two well-sized bedrooms, and a bathroom equipped with necessary amenities. While the flat features double glazing and has potential for modernisation, it requires some refurbishment to reach its full potential. Additionally, its location benefits from proximity to local amenities and major transport links, making it ideal for those seeking to enhance their investment portfolio. The property is currently available with immediate vacant possession and no upper chain, presenting an advantageous option for prospective investors or homeowners willing to undertake renovations.

Investment Analysis

(SR3 area)
Area Average
£203/sq ft
Avg Rent (weekly)
£162
Avg Yield
3.4%

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
29
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (SR3)

Area prices are falling by -9.9% over the last 12 months
3 year growth: -9.8%
5 year growth: +7.9%
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

Merrington Close, Moorside, Sunderland SR3
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£177
Based on a loan of £37,462 over 30 years at 3.91% 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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