2-bedroom semi-detached house · NE61 6RZ
Listing removedListed 413 days
Opportunity summary
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About
Spacious two-bedroomed semi-detached family home which has recently been fitted with new carpets throughout.
The property is located on Patton Way, Pegswood which is a great area, benefitting from a good choice of amenities on your doorstep such as a doctor's surgery, pharmacy and local Co-op, whilst you are only a two-mile drive away from the busy and historic market town of Morpeth, where you can enjoy river walks with bustling bars and restaurants.
The property itself is ready to move into!
The property briefly comprises:- Entrance hallway leading into a modern grey high gloss kitchen with integrated appliances to include fridge, separate freezer, electric oven and hob.
There is a separate utility area to the rear of the property which further benefits from access into the rear garden.
The lounge is a great space for families with floods of natural light and views over the enclosed rear garden. To the upper floor, you have two good sized bedrooms, both of which offer great storage.
There is a lovely view out of the back bedroom window looking over a peaceful grassed area. The family bathroom has been fully tiled and fitted with W.C., hand basin, bath and shower over bath.
Externally you have a lovely garden to the front and an enclosed low maintenance garden to the rear, which has been fully paved. On street parking is available.
With no onward chain, we anticipate interest to be high. Call now to arrange your viewing.
MEASUREMENTS Lounge: 14'8 x 11'10 (4.47m x 3.61m) Kitchen: 13'4 x 7'0 (4.06m x 2.13m) Utility: 6'5 x 4'9 (1.96m x 1.49m) Bedroom One: 16'5 x 8'11 (5.00m x 2.72m) Bedroom Two: 11'3 x 10'2 (3.43m x 3.10m) Bathroom: 7'8 x 5'5 (2.33m x 1.65m) PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Fibre to Premises Mobile Signal / Coverage Blackspot: No Parking: On street parking Solar Panels which are Leased TENURE Freehold – It is understood that this property is freehold, but should you decide to proceed with the purchase of this property, the Tenure must be verified by your Legal Adviser.
EPC Rating: B Council Tax Band: A
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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