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See how verdicts work3-bedroom house · NE61 3FG
Listing removedReduced £10k (−5.1%) on 21 JunListed 220 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superbly presented, three bedroomed family home, located on Fennel Way, Morpeth.
The property boasts a fantastic position, nestled within a lovely residential development, with spacious rooms throughout and a great garden to the rear, we anticipate interest will be high.
This is a popular location with house hunters, not only due to its proximity to the A1 for commuters, but is only a short drive to King Edward VI High School, a very popular choice with families.
The historic town of Morpeth centre offers many delights to choose from, which include an array of local bars, restaurants, shopping and beautiful river walks.
The property briefly comprises:- Entrance hallway, a well-presented open plan lounge/kitchen with great views overlooking the garden from the double patio doors.
This space has been finished with modern white walls and complimented with lvt herringbone style flooring.
The modern kitchen has been fitted with a range of wall and base units, offering an abundance of storage and appliances to include a four-ring gas hob and electric oven.
You further benefit from a downstairs W.C.
To the upper first floor of the accommodation, you are greeted with two bedrooms, one double and one single, which is currently being used as a dressing room by its current owners.
The main family bathroom has been fitted with W.C., hand basin, bath tub and shower over bath.
To the top floor you will find the master bedroom, which spans the entire floor, currently fitted with light grey carpets and crisp white walls.
There is also a large linen cupboard, providing that all important extra storage. Externally to the front of the property there is a double driveway, with additional on street parking available.
To the rear of the property, you have a fully enclosed garden which has been laid to lawn with a decked patio area, making it ideal for those who enjoy out door entertaining.
Overall, a must view to appreciate the home on offer.
Measurements Lounge/Kitchen: 22’0 x 12’1 Max Points (6.71m x 3.68m Max Points) W.C: 4’11 x 2’9 (1.25m x 0.88m) Bedroom One: 19’8 x 9’0 (6.00m x 2.75m) Bedroom Two: 12’3 x 7’8 (3.73m x 2.34m) Bedroom Three: 12’1 x 7’9 Max Points (3.68m x 2.36m Max Points) Bathroom: 5’11 x 5’6 (1.80m x 1.68m) Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains gas Broadband: Fibre to premises Mobile Signal / Coverage Blackspot: No Parking: Driveway 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: C Council Tax Band: C
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.
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FAQ
About 38, Fennel Way, Morpeth
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