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See how verdicts work3-bedroom terraced house · NE17 7BS
Sold STCListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain, this three bedroom mid-terraced property is likely to appeal to a wide range of buyers, including first-time buyers and investors.
We understand that similar properties in the area can achieve rental income of approximately £650 per calendar month, making this an attractive option for investors.
The property is located within an area subject to selective licensing. Landlords should make their own enquiries with the relevant local authority regarding the current licensing requirements.
The property briefly comprises an entrance porch leading into a generously proportioned living room, featuring a gas fire and double doors opening through to the kitchen.
The kitchen is fitted with a range of wall and base units, with access to a small rear hall providing useful storage and access to the ground floor bathroom.
The fully tiled bathroom is fitted with a bath with electric shower over, wash hand basin and WC. To the first floor are three bedrooms, comprising one double bedroom and two single bedrooms.
The landing benefits from built-in storage, which also houses the boiler.
Externally, the property benefits from an enclosed and gated rear yard, providing a private and manageable outdoor space and communal grass area to the front.
Wear Street is situated off South Road, which has a handy local convenience store.
There are some further shops and amenities along Derwent Street in the centre of Chopwell village and a medical practice.
There are also numerous community groups and projects in the village, which has an elevated position between the Derwent Valley and Tyne Valley.
There are road links to Newcastle, which is around 11 miles away, as well as nearby countryside walks and cycle routes and further facilities in nearby Blackhall Mill, Rowlands Gill and Consett.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
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. QRW260130/2
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Wear Street, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17
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