3-bedroom terraced house · NE38 7AT
Sold STCListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Rarely do properties of this size and potential come to the market.
Situated on the ever-popular Derwent Terrace in Columbia, this substantial terraced home offers over 1,400 sq ft of accommodation and presents an exciting opportunity for buyers looking to create a fantastic family home or investment project.
The property offers generous room proportions, high ceilings and flexible accommodation across two floors.
Historically arranged as two separate apartments, the layout may offer potential for conversion back into two dwellings, subject to any necessary permissions and approvals.
The accommodation briefly comprises an entrance hallway, spacious lounge, separate dining room, fitted kitchen, large bathroom and a useful laundry/utility room to the ground floor.
To the first floor are three well-proportioned bedrooms, a dressing room and two additional occasional rooms which could be utilised as home offices, hobby rooms, dressing areas or storage space.
Externally, the property benefits from an enclosed rear yard and is positioned within easy reach of local amenities, schools and transport links.
One of the standout features of this home is its location.
Derwent Terrace is just a short walk from the historic Washington Village, renowned for its charming character properties, village green, traditional public houses and local shops.
The area also offers excellent commuting links via the A1(M), A1231 and A19, providing convenient access across the North East.
This is a property that offers endless possibilities and would suit investors, developers or buyers seeking a large home they can modernise to their own specification.
Early viewing is highly recommended to fully appreciate the size, potential and versatility on offer.
Accommodation Hallway Welcoming entrance hallway with staircase to the first floor and access to the principal ground floor rooms.
Lounge 13'10" x 11'11" (4.24m x 3.65m) A generous reception room with feature fireplace and large front-facing window.
Dining Room 11'6" x 12'1" (3.52m x 3.70m) Spacious separate dining room offering excellent entertaining space.
Kitchen 8'10" x 9'0" (2.72m x 2.76m) Fitted with a range of wall and base units with space for appliances.
Bathroom 8'9" x 8'7" (2.69m x 2.64m) Large bathroom currently undergoing refurbishment, offering scope to create an impressive modern suite.
Laundry Room 8'10" x 10'2" (2.70m x 3.11m) Useful additional room with potential for a variety of uses. First Floor Landing Bedroom One 11'9" x 12'3" (3.59m x 3.75m) Large double bedroom.
Dressing Room 7'3" x 6'4" (2.23m x 1.94m) Accessed from Bedroom One and ideal as a dressing room or study area.
Bedroom Two 13'10" x 12'3" (4.23m x 3.74m) Excellent-sized double bedroom overlooking the front aspect. Bedroom Three 8'11" x 8'5" (2.73m x 2.58m) Good-sized third bedroom.
Storage Room 8'9" x 8'8" (2.67m x 2.65m) Flexible additional room suitable for office, storage or hobby use.
Occasional Room Two 8'10" x 7'6" (2.70m x 2.31m) Further versatile room with a range of potential uses. Externally Enclosed rear yard providing low-maintenance outdoor space.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QWS260075/2
Value & comps
No previous sales on record.
Returns
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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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FAQ
About Derwent Terrace, Columbia, Washington, NE38
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