2-bedroom terraced house · NE17 7BY
For saleListed 94 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain, this well-presented two-bedroom mid-terraced property on Severn Street, Chopwell is expected to appeal to a range of purchasers, including first-time buyers and investors alike.
The accommodation briefly comprises an entrance into a spacious living room, with stairs leading to the first floor and useful understairs storage.
To the rear is a fitted kitchen offering a range of wall and base units and housing boiler. Small hall with built in storage and access to rear yard.
The bathroom is accessed from the kitchen and is fitted with a white suite.
To the first floor there are two well-proportioned double bedrooms, with the principal bedroom housing the gas combination boiler, which we have been advised was installed in May 2025.
The property has recently benefited from new carpets and fresh decoration throughout, creating a clean and well-presented home ready for immediate occupation.
Please note that any services, heating system, or appliances have not been tested and no warranty can be given or implied as to their working order.
Externally, the property benefits from a communal green area to the front and a private enclosed yard to the rear.
The property represents an attractive investment opportunity, with similar properties in the area reportedly achieving rental incomes of approximately £550 per calendar month.
Early viewing is recommended to appreciate the accommodation on offer.
Severn Street is one of several similar terraces in Chopwell, close to the shops and facilities in the centre of the village, on and around Derwent Street.
Situated between the Derwent Valley and the Tyne Valley, there are road links to Newcastle, which is around 11 miles away, as well as nearby countryside walks and cycle trails and further facilities in nearby Blackhall Mill, Rowlands Gill and Consett.
*Your Move Chris Stonock provide a comprehensive lettings service and we would be happy to provide further advice on current rental values for terraced houses in the Chopwell area and discuss the different options and levels of lettings service that we can provide for landlords.
If you are looking to purchase this property with a buy-to-let mortgage, we recommend that you seek confirmation from the lender that the property/location fits within the required suitability criteria.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
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. QRW260024/2
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Severn Street, Chopwell, Newcastle upon Tyne, Tyne and Wear, NE17
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