2-bedroom flat · NE61 1BF
Listing removedListed 106 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pattinson welcome to the market this well presented two bedroom ground floor apartment in Morpeth's town centre situated on Newminster Place where there is an underground allocated parking bay available to the rear.
Although you are in the town centre the apartment offers some lovely views spreading across Morpeth from the kitchen and bedroom two's windows.
The apartment is within walking distance to all the local amenities including: pubs, restaurants, Ofsted approved schools, an array of shops including little boutiques, high end designers with the Sanderson Arcade, newly opened leisure centre and the attractive Carlisle Park, which offers plenty of activities for all ages such as river walks, park, bowling pavilion, tennis courts, band stand, outdoor paddling pool and the rowing boats.
Throughout the year Sanderson Arcade regularly offer family friendly events and decorate the Arcade to suite.
The market town provides great commuting facilities including mainline train station to the North and South, bus station, A1 trunk road and taxi services.
The popular Plessey Woods and Northumberlandia are only a short drive away, offering some scenic walks along with neighbouring villages including Pegswood country park which can lead to the old open cast lake then to Morpeth's Bluebell Woods and further.
The property briefly comprises of: Secure telecom communal entrance hallway, communal stairs, lift facility which goes from the underground parking direct to the apartment, entrance hallway, lounge, two bedrooms, kitchen, bathroom and access to the garden to the front from the lounge.
The building benefits from communal SKY TV. Viewings are highly recommended to appreciate what the property we have has to offer.
For more information or to arrange your viewing please contact the Morpeth office.
Tenant Referencing Criteria: Pattinson will undertake referencing checks on all applicants over the age of 18 wishing to move into a rental property.
As part of this process, we will undertake: • A credit check to ensure each applicant does not have any adverse credit such as CCJs (County Court Judgements).
• An affordability assessment to ensure applicant’s income will sufficiently cover the rental payments.
• To pass the affordability check, each applicant’s gross annual basic income (including benefits and pensions) must be at least 30 times the monthly rental amount (36 times for Ellinson properties).
EG If the rent is £500 PCM, applicants would need to earn £15,000 as an annual pension or basic salary (excluding commission/bonus) before tax or other deductions were made.
• Each applicant’s affordability is assessed individually against the criteria. • Self-employed applicants will require an accountant’s reference and should have accounts for a minimum of two years.
Net profit will be assessed against the affordability requirement of 30 times the monthly rental amount. • Employment checks to confirm your start date, salary and if your position is permanent.
• Homeownership checks (only if you are a homeowner) confirming your mortgage payments are up to date.
• A Landlord reference (if you are currently residing in rented accommodation) confirming you have abided by the terms of the lease.
This will check that the rent was paid on time and in full, there was no antisocial behaviour and the property was looked after in an appropriate manner. • ‘Right to rent’ ID checks.
If you do not meet the requirement, you WILL REQUIRE A HOMEOWNER GUARANTOR.
Council Tax Band: C Deposit: £820.00 Entrance Hallway Bedroom One Bathroom Kitchen Lounge Bedroom Two
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 42a Bullers Green, Morpeth, Northumberland, NE61 1BF
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