2-bedroom terraced house · NE40 4BB
Sold STCListed 360 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated close to the end of this terrace, in Greenside, the house has UPVC double glazing and gas central heating (via combi. boiler).
The accommodation comprises, on the ground floor, from the rear: entrance into fitted kitchen, with painted grey units, granite-effect worktops, built-in electric oven, gas hob and plumbing for washing machine; door through to the living room, with gas fire in fireplace and a built-in cupboard.
There is a door to the front entrance lobby, with stairs to the first floor and a door to/from the front garden.
To the first floor, the landing leads to the two bedrooms - with the front bedroom including a built-in wardrobe - and the bathroom, which is fitted with a white suite and also has a built-in cupboard.
Externally, there is an enclosed rear yard with two outhouses - for storage - and a gate to the rear lane.
To the front there is a small garden area with chipped slate bed and a path, which leads to the pedestrian path along the terrace, beyond which are the fields and views over countryside.
Location - Rockwood Gardens is situated off Rockwood Hill Road - just in front of Milton Street - in Greenside, which is a semi-rural village, in Ryton, with nearby countryside and local walks, situated at the edge of the Tyne and Derwent Valleys.
Within the village there are amenities including shops, churches, public houses, the primary school and public transport links, with easy access to major roads, including the A695, connecting to the neighbouring villages and towns, including Prudhoe, Ryton, Rowlands Gill, Hexham and the regional centres of Gateshead and Newcastle, which are approximately 9 miles to the east.
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. CRA250383/2
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Rockwood Gardens, Greenside, Ryton, Tyne and Wear, NE40
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