2-bedroom terraced house · NE39 2EW
Sold STCListed 148 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market with no onward chain, this two-bedroom mid-terrace property situated in the popular village of High Spen presents an excellent opportunity for investors, developers, or buyers seeking a full renovation project.
Requiring substantial modernisation throughout, the property offers spacious accommodation and great potential to create a comfortable family home.
The accommodation briefly comprises an entrance porch and hallway with decorative wood panelling, leading to a spacious dining room with fitted wardrobes and useful understairs storage.
Sliding glass doors open into the living room which features a fireplace housing a gas fire.
The kitchen is fitted with an electric hob and oven, with a separate downstairs WC completing the ground floor accommodation.
To the first floor is a generous landing with built-in storage, two bedrooms comprising one double and one single bedroom, with the main bedroom benefiting from fitted wardrobes.
There is also a shower room with additional sliding door storage. Externally, the property benefits from a small gated yard to the front and an enclosed gated yard to the rear.
This property is ideally suited to those looking for a refurbishment opportunity and early viewing is recommended to appreciate the potential on offer.
Please note: The property is currently unregistered with HM Land Registry. The successful purchaser will be responsible for first registration following completion.
Buyers are advised to seek clarification from their solicitor prior to exchange of contracts.
Watson is situated off the main street (B6315) through High Spen, close to some of the shops in the village including the micropub (Wig's Place).
The village is located between the Tyne Valley and the Derwent Valley and offers nearby countryside walks and cycle routes as well as being within commuting range of Newcastle city centre (9 miles) with a regular bus service.
There are other shops and facilities in nearby Rowlands Gill, Greenside and Prudhoe.
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. QRW260083/2
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.
Area
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FAQ
About Watson Street, High Spen, Rowlands Gill, Tyne and Wear, NE39
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