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See how verdicts work2-bedroom house · NE61 2NB
Listing removedListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious two bedroomed family home, located on Renwick Walk, Morpeth.
Renwick Walk is located on the ever desirable and highly requested area of Kirkhill, due to not only its proximity to Morpeth town centre, having great local amenities on your doorstep, but also within walking distance to the local first school, making it very popular with families.
Internally the property is well presented making it ready to move straight into.
Morpeth centre is also just a short walk away, where you will find an array of local restaurants, shopping and delightful river walks.
The property briefly comprises:- Entrance hallway, impressive lounge/diner with floods of natural light due to the dual aspect windows.
This is great space for families with ample space for your dining table and chairs.
The kitchen is located to the rear of the property and has been fitted with a range of wood wall and base units, offering an abundance of storage.
Appliances include ceramic hob, electric oven and dishwasher. You further benefit from a outhouse, which is currently used as a utility room.
To the upper floor of the accommodation, you have two good sized bedrooms, both of which are doubles and have been fitted with wood flooring and modern décor.
The family bathroom has been finished with W.C., hand basin, bath and shower. The loft is partially boarded out.
Externally to the front of the property, you have a small grass area whilst to the rear you have a fully enclosed rear garden, which is low maintenance and a fantastic space to enjoy.
There is on street parking available.
Measurements Lounge/Diner: 20'8 x 10'8 Max Points (6.30m x 3.29m Max Points) Kitchen: 11'3 x 7'4 (3.43m x 2.24m) Bedroom One: 14'2 x 10'8 (4.32m x 3.25m) Bedroom Two: 10'9 x 9'8 (3.28m x 2.95m) Bathroom: 6'1 x 5'5 (1.85m x 1.67m) Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Central Gas Broadband: Adsl Copper Wire Mobile Signal / Coverage Blackspot: No Parking: On Street Parking 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: D Council Tax Band: A
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.
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FAQ
About 38, Renwick Walk, Morpeth
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