Auction

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Auction

1/7

3 bed flat for sale Park Place East, Sunderland, SR2

Asking price

£50,000

Added on 02/10/2026

For sale by auction

Type: Flat
Bedrooms: 3
Size: £63 per sq ft
Tenure: Ask agent

Key features

For sale via modern method of auction
Ideal investment opportunity
Deceptively spacious
Three good sized bedrooms
Sought after area
Secure entry system

About this property

IDEAL INVESTMENT OPPORTUNITY – DECEPTIVELY SPACIOUS THREE BEDROOM FLAT

Situated on the highly sought-after Park Place East, Sunderland, this deceptively spacious three-bedroom flat presents an excellent opportunity for investors or buyers looking to add value. Offering generous accommodation throughout and bursting with potential, the property would make an ideal buy-to-let investment or renovation project in a popular residential location, close to Sunderland city centre, local amenities and excellent transport links.

Floorplan

Council tax

Ask agent

Per year

Band A

£1,465
Band B

£1,709
Band C

£1,953
Band D

£2,197
Band E

£2,685
Band F

£3,174
Band G

£3,662
Band H

£4,394

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Sunderland, 2026/27 bills run from £1,465 a year in band A to £4,394 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Sunderland, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Price guide

This home

£63 / sq ft

Area average (sold)

£156 / sq ft

Price per area, sold homes nearby

£77 / sq ft

£63 / sq ft

£237 / sq ft

Lowest

This home

Highest

£63 per sq ft, below almost all recent sales in SR2 (£77–£237, 10th–90th percentile, 735 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 735 homes sold in SR2 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in SR2 →

Location

Park Place East, Sunderland, SR2

Open map Street View

Mortgage and stamp duty

Property price £50,000

£25k £75k

Deposit10% £5,000

£0 £50k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £45,000 mortgage. Most lenders would want a household income of about £10,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
23, Park Place East Terraced	Terraced	Oct 2025	3,111 sq ft £99/sq ft	3,111 sq ft	£99	£306,500
11, Park Place East Terraced	Terraced	Aug 2024	3,240 sq ft £93/sq ft	3,240 sq ft	£93	£300,000
23, Park Place East Terraced	Terraced	Mar 2024	3,111 sq ft	3,111 sq ft	n/a	£56,000
Flat B, 19, Park Place East Flat / maisonette	Flat / maisonette	Apr 2022	n/a	n/a	n/a	£125,000
29, Park Place East Flat / maisonette	Flat / maisonette	Feb 2022	614 sq ft £106/sq ft	614 sq ft	£106	£65,000
2, Park Place East Terraced	Terraced	Jul 2021	2,347 sq ft £115/sq ft	2,347 sq ft	£115	£270,000
6, Park Place East Terraced	Terraced	Dec 2020	2,605 sq ft £109/sq ft	2,605 sq ft	£109	£285,000
7, Park Place East Semi-detached	Semi-detached	Jun 2020	3,132 sq ft £64/sq ft	3,132 sq ft	£64	£200,000