2-bedroom terraced house · NE17 7JH
For saleListed 506 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***CHAIN FREE*** A deceptively spacious, terraced home, ideal for first-time buyers or investors, situated on the edge of Chopwell village.
The property has the benefit of uPVC double glazing and gas-fired central heating.
The house requires some improvement and comprises, a lounge and kitchen diner on the ground floor and the first floor provides two double bedrooms and a bathroom.
There is an enclosed yard to the rear. William Street is situated just off Mill Road which is the main road through Chopwell village.
There are a wide range of local amenities a few minutes’ walk away as well as great road and transport links.
MATERIAL INFORMATION: In compliance with the Consumer Protection from Unfair Trading Regulations 2008 and National Trading Standards Estate and Letting Agency Team’s Material information in property listings Guidance PART A Local Authority – Gateshead Council Tax Band – A Tenure – Freehold PART B Property Type – Terraced Property Construction – Standard Number & Types of Rooms – Please refer to the details and floorplan, all measurements taken being the maximum dimensions available between internal walls Electricity supply – Mains Water Supply - Mains Sewerage – Mains Heating - Gas central with radiators Estimated Mobile phone coverage – Please refer to the Ofcom Website - Estimated Broadband Download speeds – please refer to the Ofcom Website – Parking- on Street PART C Building Safety – (The Vendor is not aware of any Building Safety issues.
However, we would recommend that the purchaser engages the services of a chartered surveyor to confirm) Restrictions – Covenants which affect the property are contained within the Land Registry Title Register which is available for inspection.
Selective licencing area – no Article 4 Planning Restricted area - no Rights & Easements- NA Flood risk – Low Coastal Erosion - NA Planning Permission – NA Accessibility/Adaptations – no adaptions Mining Area – Coal Mining Reporting Area, further searches may be required.
HMRC supervises the legal obligation for all estate agents to conduct identity checks on their customers, this includes buyers when their offer is accepted.
This must be completed, per purchaser, who in the transaction will result in being the legal owner(s) of the property.
There is a £30 (inc VAT) administration fee per individual purchaser, for these checks.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 William Street, Chopwell, Newcastle upon Tyne, NE17
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