2-bedroom terraced house · NE39 2HQ
Listing removedListed 257 days
Opportunity summary
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About
Jan Mitchell Properties are pleased to present to the market this two bedroom terrace house, offered for sale with the benefit of no upper chain.
Located within a semi-rural area, this charming home will appeal to a variety of buyers, including first time buyers and investors alike.
Internally, the house which does require some upgrading briefly comprises to the ground floor:- Sitting room with feature fireplace that flows seamlessly into the spacious lounge that continues to the extended off-shot area housing the kitchen with fitted wall and floor units, and a three piece shower room WC.
To the first floor, the property comprises two good-sized bedrooms, the main with built in storage and beautiful countryside views.
Externally, the home features a walled forecourt garden at the rear, adding to its curb appeal, and a substantial garden to the front, providing a private outdoor space.
Location High Spen is a former mining village in the Metropolitan Borough of Gateshead, it offers an array of local amenities within the village itself including a primary school, convenience store, The Bute Arms pub and a micro pub called Wigs.
Further amenities can be found in nearby Rowlands Gill and further afield in Gateshead and Newcastle via trunk roads and bus routes.
Measurements Lounge - 4.82 x 4.62 Sitting Room - 4.82 x 3.48 Kitchen - 2.27 x 2.85 Bedroom One - 4.82 x 3.48 Bedroom Two - 4.82 x 4.62 IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification of further information on any points please contact us direct.
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.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: A (Gateshead Council) Tenure: Freehold
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 West Street, High Spen, Rowlands Gill
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