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Peel Street, Sunderland SR2

North East

£115,000
Listed on 31/03/2026

Property Details

Bedrooms
5
Type
Terraced
Area
1976 sqft

Description

This spacious terraced property in the desirable SR2 postcode of Sunderland presents a unique opportunity for renovation enthusiasts and investors alike. With ample interior space, this historic residence offers the potential to either fully restore its original character or adapt it for modern use. Previously utilized as a multi-occupancy dwelling, the layout allows for various configurations, making it ideal for those looking to maximize rental income. Currently generating a steady monthly income of £700 from an existing tenant, this property not only promises an immediate return but also the potential for significant capital appreciation through thoughtful updates and improvements. The generous 5-bedroom, 2-reception room format, alongside 2 bathrooms, showcases both space and versatility, characteristic of architectural styles from its era. What sets this property apart is its subject to a Sunderland Council Improvement Order, providing an actionable roadmap for renovations tailored to your vision. The location is further enhanced by its proximity to local amenities and excellent transport links which enhance both lifestyle appeal and investment value. Whether you aim to bring back the building's traditional charm or execute a contemporary refurbishment, this property serves as a blank canvas full of potential in a continually sought-after area.

Investment Analysis

(SR2 area)

Below Market Value

This property is priced -60.5% below area average per sq ft

-60.5%
Potential saving
This Property
£58/sq ft
Area Average
£147/sq ft
Avg Rent (weekly)
£155
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£320,171
10% above area average per sq ft
Potential ROI
+64.2%
After renovation
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 (SR2)

Area prices are stable by +0.2% over the last 12 months
3 year growth: +2.6%
5 year growth: +4.0%
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

Peel Street, Sunderland SR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£407
Based on a loan of £86,250 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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