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2-bedroom house · NE23 6RL
For saleListed 122 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroomed end terrace house in need of repair and modernisation. We envisage that the property would be of interest to a builder or developer.
Freehold Council Tax Band - A EPC Rating - To be confirmed Living Room (4.72m (15'6") x 4.42m (14'6")) Radiator, fire surround Dining Room (3.17m (10'5") x 3.96m (13'0")) Two built in cupboards, one containing gas fired combi central heating boiler Kitchen (2.67m (8'9") x 2.82m (9'3")) Built in base and wall units with cupboards and drawers, canopy extractor fan, Stainless steel sink unit, open to: Conservatory (2.54m (8'4") x 2.69m (8'10")) Bedroom 1 (4.27m (14'0") x 2.49m (8'2")) Radiator, two built in wardrobes Bedroom 2 (2.49m (8'2") x 4.04m (13'3")) Radiator, two built in wardrobes Bathroom White suite of panelled bath with mixer tap, shower fitment, pedestal washbasin and low level w.c.
Set, tiled shower compartment with Triton electric shower, double radiator, partly tiled walls Externally The property occupies an end site with land and gardens to three sides.
The rear is open and provides space for two cars Tenure Freehold
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
FAQ
About 1, Storey Street, Cramlington
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