2-bedroom flat · NE61 1BA
Listing removedListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** TWO BED FIRST FLOOR FLAT - TOWN CENTRE LOCATION - INVESTMENT OPPORTUNITY - LOUNGE/DINING ROOM - KITCHEN AREA - BATHROOM *** For Sale By Auction LIVE ONLINE AUCTION 28th MAY - OPTION 1 For sale by auction see Disclaimer 1 The Agents Property Auction have not inspected this property.
None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only.
Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts.
The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract.
No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see Disclaimer 2 Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence.
The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee.
At your request we can refer you to a North East based Solicitor from our panel.
It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.
Disclaimer 3 A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Situated in the heart of Morpeth on Newgate Street, this two-bedroom first floor flat enjoys an exceptional town centre location, with traditional shops, cafés, bars, restaurants and leisure facilities all right on the doorstep.
Positioned within Morpeth’s Conservation Area, the property retains attractive period features while offering excellent potential for improvement, making it an ideal investment opportunity.The accommodation is accessed via a communal entrance with stairs leading to the upper floor.
Once inside, there is a welcoming entrance hall which leads through to a spacious open plan lounge and dining room, alongside a kitchen area.
The property further benefits from two well-proportioned double bedrooms, a bathroom, and a separate W.C., providing practical and versatile living space.Offered with no onward chain, this property represents a strong investment opportunity in a highly desirable and convenient central location.
To arrange a viewing, please contact the Morpeth office today.
Communal Entrance Entrance door, staircase to upper floors Entrance Hall doors off to; Lounge/Dining /Kitchen 25' 0'' x 13' 10'' (7.61m x 4.21m) Two windows to side elevation, fitted with units at base and walls levels, roll top work surfaces, single drainer stainless steel sink unit, built in oven and grill unit, plumbing for washing machine, tiled fireplace, TV ariel point Bathroom Fitted with white suite comprising of panel bath with electric shower above, low level W/C, pedestal wash hand basin, built in cupboard, electric storage heater Bedroom One 16' 5'' x 13' 4'' (5.00m x 4.06m) Two windows to front elevation, electric storage heater, picture rail Bedroom Two 14' 5'' x 12' 4'' (4.39m x 3.76m) Two windows to front elevation, electric storage heater, marble style fireplace with decorative tiled surround and hearth Tenure We are advised by our vendor clients that the property is held freehold.
Any interested party should ask their legal advisors to confirm this.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 Newgate Street, Morpeth
Explore nearby