2-bedroom house · NE17 7LD
For saleReduced £5k (−7.7%) on 8 JulListed 184 days
Opportunity summary
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About
Summary Internal photographs to follow shortly Fantastic investment opportunity to purchase this two bedroom mid link property located in Chopwell.
This property is being sold with the current tenant in place currently paying 6000 per annum. This property offers good size living accommodation and benefits from a front garden.
Located close to local shops, schools and has excellent bus and road links into Newcastle. The floorplan comprises Lounge, kitchen and bathroom. To the first floor two double bedrooms.
Further benefits include gas central heating, double glazing, front garden and rear yard.
Council Tax Band: A Tenure: Freehold Lounge (4.6m x 4.2m) Double glazed entrance door and front aspect window, wood effect fireplace with inset and hearth, laminate flooring, radiator, stairs to the first floor.
Kitchen (5.1m x 2.3m) Fitted wall and base units incorporating counter work tops with a single drainer sink unit, electric cooker point, space for a washing machine, partly tiled walls, double radiator, double glazed rera aspect window and rear laeding to the rear yard.
Bathroom White three piece suite comprising panelled bath with shower over, wash hand basin, low level w.c.
Tiled walls, double radiator, extractor fan, down lighting, double glazed rear aspect window. First Floor Landing Double glazed rear aspect window.
Bedroom One (3.3m x 2.4m) Double glazed rear aspect window, double glazed rear aspect window, double radiator. Bedroom Two (4.6m x 4.2m) Double glazed front aspect window, single radiator.
Front Garden Mainly paved with fenced boundaries. Rear Yard Mainly paved with walled boundaries and gate access.
Value & comps
No previous sales on record.
Returns
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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 31, Hollings Terrace, Newcastle upon Tyne
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