3-bedroom bungalow · NE61 2DR
Listing removedListed 249 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in a quiet cul de sac the property is offers generous external areas. Upon entering the porch leads to the sitting room boasting dual aspect views and leading to the hallway.
The hallway gives access to the kitchen dining room with ample wall and floor units, integral fridge/freezer, electric oven, integral dishwasher and space for white goods.
There is space for a dining table and patio doors leading out into the garden. Off the hallway is the master bedroom which is double in size and overlooks the front of the property.
There are two further bedrooms, one of which is currently utilised as a secondary reception room with fitted storage cupboard.
The family bathroom completes the internal accommodation comprising bath, separate shower, WC, wash hand basin and storage cupboard.
Externally the garden offers a patio to either side and a lawned area with shed to the bottom of the garden.
Off the garden a pedestrian door leads into the garage which offers good storage and an electric roller door.
Overall The Chip is a great opportunity to purchase a well located, sought after bungalow in the popular area of Loansdean Set within Morpeth the property is well suited to a variety of purchasers, offering easy access to the historic market town, renowned for its blend of traditional shops, national retailers, excellent schools, and a vibrant selection of bars, restaurants, and leisure facilities.
The property is well connected by local buses and the A1, providing access north and south, while Morpeth’s mainline rail station links to Edinburgh, Newcastle, and London.
For commuters, Newcastle City Centre and Newcastle International Airport are both approximately 18 miles away.
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 The Chip, Loansdean, Morpeth, Northumberland, NE61
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