2-bedroom house · NE62 5UN
Listing removedListed 176 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a popular location with excellent transport links and a wide range of local amenities, this property is ideal for first-time buyers and investors alike.
While it would benefit from modernisation, it offers fantastic potential to create a lovely home.
This mid-terrace property comprises a cosy lounge featuring a log burner, and a spacious kitchen/diner with access to the rear yard.
To the first floor, there are two well-proportioned bedrooms and a family bathroom. Offered as a freehold property, this home presents a great opportunity, and early viewing is highly recommended.
Entrance UPVC entrance door. Entrance Hallway Stairs to first flooring.
Lounge 14.24ft x 14.28ft (4.34m x 4.35m) Double glazed windows to front, double radiator, fire surround with log burner, built in storage cupboard, television point.
Kitchen/ Diner 16.40ft x 11.41ft (4.99m x 3.47m) Double glazed window to rear, single radiator, fitted with a range of wall, floor and drawer units with co-ordinating roll edge work surfaces, tiled splash backs, space for cooker, space for fridge, plumbed for washing machine, laminate flooring, double glazed door to rear.
Bedroom One 14.00ft x 9.64ft (4.26m x 2.93m) Double glazed window to front and rear, built in cupboard.
Bedroom Two 13.30ft x 7.56ft (3.44m x 2.30m) Double glazed window to front, single radiator, loft access.
Bathroom 10.97ft x 6.27ft (3.34m x 1.91m) Three piece white suite comprising of; paneled bath with electric shower over, wash hand basin (set in vanity unit), low level wc, spotlights, double glazed window to rear, single radiator, part tiling to walls, laminate flooring, cupboard housing boiler.
External Low maintenance rear garden, decking area. Private yard to rear.
Sold As Seen Primary services supply Electricity: Unknown Water: Unknown Sewerage: Unknown Heating: Unknown Broadband: None Mobile Signal Coverage Blackspot: No Parking: On street parking 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 23, Milburn Terrace, Choppington
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