2-bedroom flat · NE61 1PT
Sold STCListed 631 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Signature North East welcomes you to Bridge Street, Morpeth.
This charming two-bedroom apartment is conveniently located in the town centre, offering easy access to essential amenities within walking distance.
Morpeth is a charming market town that blends historical charm with modern convenience and excellent connections via train or the A1 motorway to neighbouring towns.
Families will appreciate the proximity to reputable schools, parks, and green areas, with the River Wansbeck offering beautiful riverside strolls.
As you enter the apartment, the hallway leads you to the open-plan living/dining room.
Ideal for hosting both formal and informal gatherings, the living room is a great space to spend time with loved ones, seamlessly connecting to the dining area.
Plenty of natural light floods through the windows. The kitchen offers ample wall and base units, providing plenty of counter space and storage.
Two bedrooms offer a peaceful retreat, providing extra space for guests, a home office, or a children's room.
The shower room completes the flat and is completed with a walking shower for practicality. One allocated parking space is available.
This property presents a fantastic investment opportunity, with a tenant already in situ.
Living Room (5.01 x 4.95 (16'5" x 16'2")) Dining Room (3.09 x 2.82 (10'1" x 9'3")) Kitchen (3.59 x 1.78 (11'9" x 5'10")) Bedroom One (3.33 x 2.96 (10'11" x 9'8")) Bedroom Two (2.97 x 2.04 (9'8" x 6'8")) Shower Room (2.6 x 1.76 (8'6" x 5'9"))
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
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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 10 Chantry Mews, Bridge Street, Morpeth
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