3 bedroom semi-detached for sale

£150,000

3

Bedrooms

1

Bathrooms

Floorplan

Public Notice

Property Address - 149 LEECHMERE ROAD
We advise that an offer has been made for the above property in the sum of 145,000. Any persons wishing to increase on this offer should notify Martin and Co of their best offer prior to exchange of contracts.

Martin and Co Estate Agents, 48 Frederick Street, Sunderland, SR1 1NF


Positioned in a sought-after location near Tunstall Hill, this extended three-bedroom semi-detached home is packed with potential. Perfectly suited for those looking to renovate and create a family home tailored to their needs, this property offers generous proportions and a versatile layout.

Upon entering the home, the large porch leads into the central hallway, where youll find a spacious living room to the left, flooded with natural light from the large front-facing window. The room flows seamlessly into the dining room which in turn leads directly into the impressive conservatory. Measuring over 5m, this bright and airy space adds significant family living space and opens onto the rear yard.

The extended open-plan kitchen and family room span the depth of the house and feature French doors leading out to the low maintenance paved rear garden. This layout offers great practicality for modern living and is ideal for families or entertaining.

Upstairs, the property has two large double bedrooms, with the primary bedroom enjoying elevated views extending towards the sea. A third bedroom, suitable as a single room or home office, and a family bathroom complete the accommodation.
Externally, the home benefits from a private driveway for off-street parking and a paved rear yard with borders.

This property represents a fantastic opportunity to add value and create a beautiful family home in a desirable location. Early viewing is highly recommended to appreciate the potential.


ROOM DIMENSIONS PORCH - 710' x 57' (2.40m x 1.70m)

LIVING ROOM - 115' x 149' (3.49m x 4.50m)

DINING ROOM - 810' x 106' (2.70m x 3.20m)

CONSERVATORY - 810' x 189' (2.70m x 5.72m)

KITCHEN - 106' x 168' (3.20m x 5.09m)

FAMILY ROOM - 711' x 125' (2.41m x 3.79m)

BEDROOM ONE - 108' x 146' (3.26m x 4.42m)

BEDROOM TWO - 95' x 103' (2.88m x 3.12m)

BEDROOM THREE - 71' x 85' (2.16m x 2.56m)

BATHROOM - 84' x 49' (2.54m x 1.45m)

Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 118950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 3750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 6450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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