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See how verdicts work6-bedroom detached house · NE63 9PW
Listing removedReduced £50k (−18.2%) on 21 JunListed 425 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious detached property has potential for development; could be divided into 2 semi detached houses, used as previously for one to one teaching - residential home, or subject to HMO Licence could provide 6 letting rooms.
Vendor invites offers for quick sale. (STP) Spacious detached house, formerly a children's home; suitable for this purpose or similar.
The property was built in the 1950s and later adapted to provide accommodation for assisted care in the community.
The spacious accommodation provides excellent ground floor accommodation in the form of a large communal kitchen, laundry room, boiler room, managers office and caretakers annex.
On the first floor are further 5 bedrooms and 4 shower rooms. Internal inspection advised to fully appreciate this sizable accommodation, approx. 2,350 square feet.
Outside, there are good size gardens, spacious driveway and garage. Suit anyone requiring large family accommodation, family with dependant relative or investment purposes to provide letting bedrooms.
Upvc double glazed front door with double glazed side panel to Entrance Hall panelled walls, laminate floor, cast iron radiator Office 3.5m x 3.9m (about 11'6" x 12'9") radiator, Upvc framed double glazed window, built in cupboard with shelving, ceiling lighting, laminate floor Kitchen with Dining Area 7'0m x 3.6m (about 23'0" x 11'9") fitted base units and wall cupboards, one and half bowl sink unit, extractor ood, 2 built in ovens, 4 burner gas hob, plumbed for dishwasher, understair cupboard, laminate floor, radiator, 2 Upvc framed double glazed windows, ceiling lighting.
Utility Room 2.7m x 2.5m (about 8'9" x 8'3") stainless steel sink unit with mixer tap, fitted shelving, Upvc framed double glazed windows, Upvc back door Boilter Room 1.8m x 2m (about 5'9" x 6'6") Living Room 7.3m x 6.7m (about 24'0" x 22'0") 2 radiators, 3 Upvc framed double glazed windows, Upvc framed double glazed patior doors to rear garden Annex Room 3.5m x 2.7m (about 11'6" x 8'9" radiator, Upvc framed double glazeed window, laminate floor Shower Room 1.7m x 2m (about 5'6" x 6'6") tiled sower cubicle with glass screen.
Separate w.c with wash basin and tiled walls, Upvc framed double glazed window Washroom/wc 2.4m x 2.0m (about 7'9" x 6'6") low level w.c.
Pedestal wash basin with splash tiling, large built in cupboard. Exterior Upvc framed double glazed door to front garden.
First Floor Landing and corridor Fire Escape Door to external stairs Bedroom 1 3m x 2.8m (about 9'9" x 9'3") incorporating built in cupboard, radiator, pedestal wash basin with tiled splash back, dado rail, Upvc framed double glazed window Bedroom 2 2.3mx 3.1m (about 7'6" x 10'3") low level w.c.
Pedestal wash basin with splash tiling, large b uilt in cupboard Bedroom 3 3.1m x 3m (about 10'3" x 9'9" ) radiator, built in cupb oard, Upvc framed double glazed window, pedestal wash basin, dado rail Bedroom 4 3.1m x 3m (about 10'3" x 9.9") radiator, Upvc framed double glazed window, pedestal wash basin, built in cupboard, dado rail.
Door to wrought iron fire escape Bedroom 5 3.1m x 2.4m (about 10'3" x 7'9") radiator, Upvc framed double glazed window, pedestal wash basin, built in cupboard Shower room 1 3.3m 3.1m (about 10'9" x 10'3") tiled shower cubicle, Upvc framed window, low level wc.
Pedestal wash basin, radiator Shower room 2 3.3m x 3.1m (about 10'9" x 10'3") Upvc double glazed windows, low level w.c.
Pedestal wash basin, radiator Shower Room 3 3.1m x 2.1m ((about 10'3" x 6'9") fully tiled walls, shower cubicle, low level w.c.
Pedestal wash basin, Upvc framed double glazed window, radiator Shower Room 4 2.2m x 2.1m (about 6'9" x 7'3") fully panelled shower cubicle, low level w.c.
Upvc framed double glazed window, tiled walls Outside Gardens to front, side and rear, the latter being enclosed and having a spacious west facing patio area.
Driveway leading to Attached Garage 5.3m x 2.4m (17'0" x 8'0") Council Tax Band "B" Energy Performance Rating "C Tenure Freehold Price £275,000 or offers Viewing by appointment through Andrew Lawson Estate Agent
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 102, Sweethope Avenue, Ashington
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