3-bedroom detached house · NE17 7LJ
Sold STCListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully renovated and modernised three-bedroom detached home, occupying an attractive corner plot within this popular residential development.
The property has been comprehensively improved by the current owner and is offered to the market with no onward chain.
The property benefits from a large wrap-around garden, integral garage, driveway, attractive open outlook to the rear and woodland to the side.
The accommodation has been finished to a high standard and includes a newly fitted kitchen and bathroom, new heating system, carpets, flooring and internal doors.
The property briefly comprises entrance porch, hallway, downstairs WC, spacious open plan living area and kitchen/dining area.
The living area is a particular highlight, featuring a beautiful fireplace and French doors opening directly onto the rear garden, making the most of the lovely open outlook.
The newly fitted kitchen offers an excellent range of wall and base units, two windows and a range of integrated appliances including an oven, microwave, dishwasher and fridge/freezer.
The kitchen also provides convenient access back into the hallway. From the hallway there is internal access to the integral garage and benefits from useful loft storage space.
The garage also leads through to a useful utility room, providing space for a washing machine, housing the boiler and with access to the rear garden.
To the first floor, the landing benefits from a Velux window and provides access to three double bedrooms. The modern family bathroom has been newly fitted and benefits from a separate walk-in shower.
Externally, the property occupies an enviable corner position, with a driveway for multiple cars leading to the integral garage with up-and-over door.
The extensive wrap-around garden is predominantly laid to lawn, with a patio area to the rear providing an ideal space for outdoor seating and entertaining.
A particular feature is the open outlook from the rear garden over adjoining fields, which are currently home to Highland cows, and towards the surrounding woodland.
This creates a lovely rural aspect and a peaceful setting to enjoy the garden.
This is an excellent opportunity to purchase a turnkey family home which has undergone a comprehensive programme of renovation and is ready to move straight into.
Forge Close is situated off River View and Moraine Crescent in Blackhall Mill, which is a pleasant semi-rural villlage just off the A694 in the Derwent Valley, close to the River Derwent, between Hamsterley and Chopwell.
There is a local bus service that runs along River View and there is a popular bakery/cafe on the corner of River View, as well as a small florist/pottery shop.
There are further amenities in Rowlands Gill, which is approximately 3.7 miles away and in Consett (5 miles), while Newcastle (12 miles) offers a more comprehensive range of shopping and leisure attractions or for commuting.
There are many popular countryside and riverside walks and cycle routes in the Derwent Valley, including the Derwent Walk and the Red Kite Trail.
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. QRW260221/2
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.
Area
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FAQ
About Forge Close, Blackhall Mill, Newcastle upon Tyne, NE17
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