We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · NE61 5HH
Listing removedListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** TWO BEDROOM - TERRACED HOUSE - IDEAL INVESTMENT OPPORTUNITY - IN NEED OF UPDATING - DRIVEWAY & DETACHED GARAGE - SOUGHT AFTER LOCATION - MUST VEIW!
- EPC GRADE C *** This two bedroom terrace house situated on the popular Springwell Drive in Ellington, offering an excellent opportunity for investors, landlords or buyers looking for a renovation project.
Requiring modernisation throughout, the property presents fantastic scope to add value, making it an ideal purchase for those seeking a project in a well-established residential location.
The accommodation briefly comprises entrance hallway leading to a spacious lounge / dining area and kitchen to the rear.
To the first floor there are three bedrooms, along with a family bathroom and separate W.C.
Externally, the property benefits from a rear garden, as well as the added advantage of a driveway and single detached garage, providing off street parking.
Positioned within a sought after area of Ellington, the property is well placed for access to local amenities, transport links and nearby coastal attractions, further enhancing its appeal as a potential buy-to-let or refurbishment investment.
Offering excellent potential in a desirable location, early viewing is recommended to appreciate the opportunity on offer. Call our Morpeth office today to book!
Entrance Hallway uPVC double glazed window and door to front, stairs to first floor, access to lounge and kitchen.
Lounge 21' 7'' x 12' 0'' (6.58m x 3.65m) uPVC double glazed window to front and rear, feature electric fireplace, , two central heating radiators Dining Area uPVC double glazed window to front and rear, feature electric fireplace, two central heating radiators.
Kitchen 9' 11'' x 9' 4'' (3.02m x 2.85m) Fitted kitchen boasting a good range of wall, base and drawer units, stainless steel sink and drainer, plumbing for washing machine storage cupboard, uPVC double glazed window and door to rear, central heating radiator.
Stairs To First Floor Landing Access to three bedrooms, bathroom, W/C and ceiling hatch to loft.
Bedroom One 18' 5'' x 10' 0'' (5.61m x 3.05m) Two uPVC double glazed windows to front, two built in storage cupboards with one housing combi boiler, central heating radiator.
Bedroom Two 10' 9'' x 6' 10'' (3.27m x 2.09m) uPVC double glazed window to rear, fitted wardrobe, central heating radiator.
Bathroom 4' 9'' x 5' 7'' (1.44m x 1.69m) uPVC frosted window to rear, fitted with a panelled bath and wall mounted hand-wash basin, central heating radiator.
Separate W/C Frosted uPVC double glazed window to rear, central heating radiator and low level W/C. Front External Laid-to-lawn and footpath leading to front door.
Rear External Laid-to-lawns, paved patio area, access to driveway and garage to rear.
Rear Drive & Garage EPC Graph A full version of the Energy Performance Certificate is available upon request.
Tenure We have been advised by the vendor that the property is of freehold tenure, confirmation of this should be sought by your solicitor.
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
Agent & docs
FAQ
About Springwell Drive, Ellington, Morpeth
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