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See how verdicts work2-bedroom bungalow · NE61 6YJ
Listing removedListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This immaculately presented, two bed detached bungalow, sits on the ever-desirable Cheviot Grove, Pegswood.
Boasting a superb position on a quiet cul-de-sac, this bungalow is nestled within a small and well established community, offering its new owners peaceful living.
Internally the property is extremely well presented, ready to move straight into.
Pegswood itself offers great local amenities on your doorstep to include a Co-op and doctor's surgery, whilst the historic town centre of Morpeth is just a short drive away, where you can enjoy the hustle and bustle this busy market town has to offer with an array of bars, restaurants, river walks and shopping delights.
The property briefly comprises:- Entrance hallway, which leads straight into an impressive bright and airy lounge which benefits from a generous sized conservatory, offering a wonderful space to relax.
The lounge has been fitted with laminate flooring, freshly painted modern walls, and a feature fire place with surround.
The kitchen has been fitted with a range of modern wall and base units, offering ample storage throughout. Integrated appliances include an electric oven/hob, dishwasher, under counter fridge.
You further benefit from a converted utility in the garage, which offers additional storage space.
There are two good sized double bedrooms, both of which have been carpeted throughout and finished with modern décor, whilst the master bedroom is complimented with large fitted wardrobes, providing excellent storage.
The family bathroom has been fitted with W.C., hand basin and a large walk-in shower.
Externally to the front of the property, there is a large private driveway which can accommodate several cars, plus a single garage. There is a good sized front garden.
To the rear, there is a fully enclosed space to enjoy, which is low maintenance with patio area. With no onward chain, we anticipate high levels of interest. Call now to arrange your viewing.
Measurements Lounge: 17'7 x 10'3 (5.36m x 3.12m) Kitchen: 9'9 x 7'3 (2.97m x 2.21m) Utility Area: 8'9 x 8'2 (2.67m x 2.49m) Bedroom One: 10'4 x 9'10 (3.15m x 3.00m) Bedroom Two: 9'10 x 7'4 (3.00m x 2.24m) Bathroom: 7'3 x 5'6 (2.21m x 1.68m) Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: None Mobile Signal / Coverage Blackspot: No Parking: Large Driveway & Garage Tenure Freehold – It is understood that this property is freehold, but should you decide to proceed with the purchase of this property, the Tenure must be verified by your Legal Adviser.
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: Tbc Council Tax Band: B
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.
Area
Agent & docs
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FAQ
About 7, Cheviot Grove, Morpeth
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