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See how verdicts work2-bedroom bungalow · NE61 1XQ
For saleReduced £25k (−9.1%) on 14 OctListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Occupying a pleasant position within the popular Allery Banks area of Morpeth, this bright and well-presented two-bedroom bungalow offers comfortable single-level living with an attached garage, driveway and enclosed rear garden.
A welcoming entrance hall leads into the generous living room, which provides ample space for both sitting and dining furniture.
A large rear-facing window and glazed doors opening onto the garden allow plenty of natural light into the room.
The kitchen is fitted with a range of white wall and base units, contrasting work surfaces and a useful breakfast bar, with space for a freestanding range cooker and additional appliances.
There are two well-proportioned bedrooms, both benefiting from fitted wardrobes.
The spacious principal bedroom is positioned at the front, while the second bedroom would also make an ideal guest room, home office or hobby room.
The bathroom is fitted with a white suite and shower over the bath. Externally, there is a lawned front garden and driveway leading to the attached garage, which can also be accessed internally.
The enclosed rear garden is laid mainly to lawn with paved seating areas and established planting, creating a pleasant and manageable outdoor space.
The property is well suited to a wide range of purchasers and enjoys a convenient setting on Allery Banks close to Morpeth rail station.
The historic market town of Morpeth offers a comprehensive range of traditional shops and national retailers close at hand, along with excellent schooling for all ages, and a variety of bars, restaurants and leisure facilities.
Transport links are good, with local bus services available, easy access to the A1 trunk road for travel north and south, and a mainline rail station providing direct connections to Newcastle, Edinburgh and London.
Newcastle City Centre and Newcastle International Airport are both approximately 18 miles away.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 6, Windmill Way, Morpeth
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