2-bedroom bungalow · NE23 6UF
Sold STCReduced £10k (−4.5%) on 4 AugListed 125 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three bedroomed, semi detached bungalow situated in a cul de sac on the Whitelea Close estate within easy reach of bus routes and the town centre.
The property, built originally by Bellway Homes has been extended to provide a much larger living room with picture window overlooking the rear garden.
The original bathroom has been replaced with a wet room and the garage also extended, could be adapted to provide a living space.
Externally there are landscaped gardens and a long driveway with space for two cars.
Freehold Council Tax Band - B EPC Rating - To be confirmed Entrance Hall Built in storage cupboard, built in cupboard containing Johnson and Starley gas fired central heating insulation with gas water heater.
Living Room (7.92m (26'0") x 3.71m (12'2")) Picture window overlooking the rear garden, stove fireplace feature.
Kitchen (3.28m (10'9") x 2.74m (9'0")) Built in base and wall units with drawers and cupboards, white enamel sink unit, built in cooker with electric hob and oven, plumbing for washing machine, wall mounted electric heater.
Bedroom One (3.81m (12'6") x 3.66m (12'0")) Built in wardrobes, drawers and dressing table. Bedroom Two (2.79m (9'2") x 2.74m (9'0")) Built in wardrobe.
Shower Room / Wet Room Tiled and lined walls, Mira electric shower, pedestal wash basin, low level wc set, built in cupboard.
Attached Garage (10.67m (35'0") x 2.90m (9'6")) Providing space for two cars in tandum and the possibility of the rear being turned into a garden room as it features a picture window overlooking the garden.
Externally Both gardens have been landscaped professionally with a wide variety of shrubs and conifers, the rear has an artificial lawn and paved patio for easy of maintenance. Tenure Freehold.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About 9, Melkridge Place, Cramlington
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