2-bedroom terraced house · NE37 1SP
Sold STCListed 38 daysAuction 29 Sep · ended
Opportunity summary
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About
Strapline Auction Sale - 29/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website.
- A two bedroom mid terrace house, benefitting from off road parking and a rear garden, in need of modernisation, well located for the The Galleries Retail Park and links to the A1 (M), with extension potential subject to requisite consents.
Vacant. Description A two bedroom mid terrace house. Externally the property benefits from off road parking and a rear garden. In need of modernisation.
Extension potential subject to requisite consents. Vacant. Location Washington is a town in Tyne and Wear. Located on the east side of Cheviot Close, accessed off Thirlmoor.
A range of local amenities are available on Blackfell Road and at The Galleries Retail Park. Recreational amenities of Albany Park, Holley Park and The Princess Anne Park are all easily accessible.
Transport Pelaw Metro - Metro. Heworth - Northern / Metro. Accommodation Ground Floor - Entrance Hallway, Kitchen, Reception Room. First Floor - Two Bedrooms, Bathroom/WC.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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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