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See how verdicts work1-bedroom flat · NE61 1US
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A real rarity to find, sits this fantastic one bedroomed top floor apartment with Juliet balcony, located in the heart of Morpeth Centre.
This idyllic spot is always in high demand with house hunters, not only due to its superb location, but it offers new buyers peaceful living, surrounded by green communal gardens and set within a great community.
There is no need to worry about being weighed down by maintenance costs either, as the service charge covers the cost of external maintenance, gardening and landscaping, window cleaning, buildings insurance, water rates and security.
Homeowners lounge with kitchen facilities and other communal areas. For those aged 60 years plus.
Morpeth is known for its natural beauty, rich history and as a gateway to all that Northumberland has to offer.
The hustle and bustle of bars, restaurants, and shopping delights, all within a stone’s throw from your front door.
The property briefly comprises:- Entrance Hall - Front door with spy hole leads to the large entrance hall - the 24-hour Tunstall emergency response pull cord system is situated in the hall.
From the hallway there is a door to a walk-in storage/airing cupboard with washer/dryer.
Illuminated light switches, smoke detector, apartment security door entry system with intercom and emergency pull cord located in the hall.
Lounge - A spacious bright and airy lounge with has ample space throughout, whilst you further benefit from a Juliet balcony, and space for a dining table with chairs, where you can watch the world go by.
The kitchen has been fitted with a range of modern low and eye level units and drawers with a work surface.
Appliances include a built-in oven, ceramic hob with extractor hood and fitted integrated fridge, freezer, built in dishwasher, under pelmet lighting and tiled flooring.
The master bedroom is a large double, which has been fitted with carpets and finished in a modern décor.
The family shower room is a fully fitted suite, comprising of a double walk-in shower with glass screen and hand rail, low level WC, vanity unit with sink and heated towel rail.
Service Charge - £206.16 monthly • Cleaning of communal windows • Water rates for communal areas and apartments • Electricity, heating, lighting and power to communal areas • 24-hour emergency call system • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance The service charge does not cover external costs such as your Council Tax, electricity or TV.
Find out more about service charges please contact your Property Consultant or House Manager.
Leasehold Information - Lease Length: 999 years from and including 1st June 2017 Ground rent: £212.50 6 monthly Managed by: McCarthy and Stone Management Services It is a condition of purchase that the new resident/s are to meet the age requirement of 60+.
Car Parking – No parking available with this apartment.
Measurements Lounge/Diner: 23’4 x 11’3 (7.11m x 3.42m) Kitchen: 8'8 x 7'6 (2.65m x 2.29m) Bedroom One: 16'11 x 9'6 (5.16m x 2.90m) Bathroom: 7'1 x 6'11 (2.16m x 2.11m) Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Night Storage Broadband: Fibre to Premises Mobile Signal Coverage Blackspot: No The sale of this Property is subject to Grant of Probate.
Grant of Probate has now been issued. Please seek an update from the Branch if you require any further information.
Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. EPC Rating: B Council Tax Band: D
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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