2-bedroom terraced house · NR35 1HN
Listing removedListed 399 days
Opportunity summary
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About
IN SUMMARY SHARED OWNERSHIP, 50% PURCHASE with rent to pay on the remaining share.
Nestled within a quiet CUL-DE-SAC setting, this quaint TWO BEDROOM MID TERRACE HOME presents a delightful opportunity for modern living ideal for FIRST TIME BUYERS looking to get on the housing ladder.
Offering 50% shared ownership, this property provides a sitting room to the front while the SEPARATE KITCHEN/DINING ROOM provides a space for culinary creativity and shared meals.
There is also a conservatory beyond the kitchen. Ascend the stairs to find TWO AMPLE BEDROOMS complemented by a well-appointed family bathroom.
A private rear garden invites relaxation while ALLOCATED PARKING for TWO VEHICLES within the shared parking area ensures convenience for residents.
This mid-terrace gem is a perfect blend of comfort and practicality, poised to welcome its new owners.
SETTING THE SCENE Approached from the frontage you will find a lawned garden with a pathway to the main entrance door, partially covered.
There is parking to the side of the terrace row within the shared parking area. THE GRAND TOUR Entering via the main entrance door to the front there is a small porch with a door in the sitting room.
The sitting room provides access to the kitchen beyond as well as stairs to the first floor landing.
The kitchen/dining room offers space for the dining table as well as a range of wall and base level units and rolled edge worktops over.
There is space for all white goods free standing as well as the wall mounted gas fired boiler. You will find an understairs cupboard as well as a door into the conservatory beyond.
The conservatory offers extra reception space with a door out onto the garden. Heading up to the first floor landing there are two bedrooms and a family bathroom.
Both bedrooms would fit a double bed with the main bedroom to the front offering a built in cupboard. The family bathroom offers a bath with shower over as well as w/c and hand wash basin.
FIND US Postcode : NR35 1HN What3Words : ///reclining.treatable.bottled VIRTUAL TOUR View our virtual tour for a full 360 degree of the interior of the property.
AGENTS NOTES Buyers are advised this is a 50% Shared Ownership property for which prospective buyers must meet the housing associations criteria in order to purchase.
Flagship Housing is the housing association that own the remaining 50% share. The property is sold on a leasehold basis with 70 years remaining on the lease.
There is rent to pay on the remaining 50% share which is £192.17, service charge £3.08, building insurance £36.68 of which are paid annually.
EPC Rating: D Garden THE GREAT OUTDOORS The private rear garden provides a paved patio as well as various planting borders and a timber shed.
There is gated access to the rear which provides access onto the parking area. The garden is enclosed with timber fencing.
Disclaimer Anti-Money Laundering (AML) Fee Statement: To comply with HMRC's regulations on Anti-Money Laundering (AML), we are legally required to conduct AML checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF).
The cost of anti-money laundering (AML) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with HMRC regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
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.
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