2-bedroom terraced house · NE61 3AA
Listing removedReduced £10k (−6.5%) on 28 JulListed 270 days
Opportunity summary
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About
With no onward chain, this stunning stone-built property is guaranteed to impress!
Located on East Mill, Morpeth the property is situated within idyllic surroundings and boasts a fantastic position right next to the river bank.
Internally there is a newly refurbished kitchen that comes with high end fixtures.
Morpeth Centre is only around a few minutes’ walk, where you will find an array of local bars, restaurants and shopping delights to choose from.
The property briefly comprises: A generous sized high spec kitchen which has been fitted with a range of wall and base units, offering an abundance of storage.
Appliances include fridge and separate freezer. Off the kitchen there is a downstairs W.C.
To the first floor of the accommodation, you have a bright and airy lounge that is flooded with natural light due to the dual aspect windows.
The second bedroom is located on the first floor, this is a single room that benefits from a fitted mirrored wardrobe offering excellent storage.
To the top floor, you are greeted by the spacious master double bedroom that spans the width of the property.
The master bedroom also benefits from a fitted mirrored wardrobe and has been fitted with carpet.
The family bathroom has been tastefully decorated and fitted with a bath tub, basin, W.C and separate shower. Externally, the property boasts well maintained communal gardens to enjoy.
There is a detached single garage with parking for one car in front.
Meausrements Kitchen: 14’33 x 26’86 Max Points (4.36m x 8.18m Max Points) W.C: 3’97 x 4’50 (1.21m x 1.37m) Lounge: 11’09 x 14’73 (3.38m x 4.48m) Bedroom One: 16’32 x 11’13 Max Points (4.97m x 3.39m Max Points) Bedroom Two: 8’52 x 7’95 (2.59m x 2.42m) Bathroom: 9’73 x 8’02 (2.96m x 2.44m) Primary services supply Electricity: Mains Water: Mains Sewerage: Septic Tank Heating: Mains Gas Broadband: Fibre to Premises Mobile Signal / Coverage Blackspot: No Parking: Garage with Parking Infront Flood Zone: Zone 3 Tenure It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 200 years from 1st January 2006 EPC Rating: C Council Tax Band: D
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
Agent & docs
FAQ
About 6, East Mill, Morpeth
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