2-bedroom house · NE65 9AX
Listing removedListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the coastal village of Hadston and within easy reach of Druridge Bay Country Park, a two bedroom modern terrace property requiring some ‘tlc’ but representing excellent value and affordability for the first time buyer, young couple and single person as well as retirees looking for a home at the lower end of the property market.
Benefitting from electric heating and double glazing as well as a driveway for off road parking and an enclosed lawned garden.
On entering into the property the ground floor is spacious and open plan with a good range of wall and base units along with a fitted electric hob, oven and extractor over.
A fitted fridge freezer and dishwasher completes the kitchen. French doors to the side lead out to the garden and there is a useful cupboard under the stairs.
The lounge area is generous and there is a bright and airy feel throughout. From the landing on the first floor there are two excellent bedrooms and a bathroom.
Outside the garden is lawned and the driveway provides for off road parking. A garden gate to the side of the property opens into the lawned garden which is bordered by timber fencing.
Hadston is a popular residential location with local shops within walking distance to the property and the larger harbour town of Amble is just minutes by car where there is a wider range of supermarkets, shops, cafes and restaurants.
There is a regular bus service through Hadston and the nearest train station is in Alnmouth with a fast train service to Newcastle and Edinburgh with connections throughout the country.
Hadston is also situated on the coastal road which continues along to the A19 towards Newcastle and the access to the Tyne Tunnel. An early viewing of this property is strongly recommended.
Entrance lobby Downstairs W.C.
Open plan lounge/kitchen 21’3” (6.48m) max x 13’6” (4.12m) max Landing bedroom one 10’10” (3.30m) max x 9’11” (3.02m) max (sloping ceilings) Bedroom two 9’9” (2.97m) x 6’8” (2.03m) Bathroom driveway and gardens primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Electric Broadband: Fibre to the Cabinet Mobile Signal Coverage Blackspot: No known issues Parking: Garage/Driveway Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any.
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 council tax band: A EPC rating: C
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 37a, Chevington Green, Morpeth
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