3-bedroom flat · NE61 1FB
For saleListed 403 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Eldingham – £675,000 East Block | First Floor | 3 Bedrooms | Private Balcony | Underground Parking This beautifully crafted first-floor residence combines elegance with practicality, offering spacious contemporary living.
A secure video entry system ensures both privacy and peace of mind.
The welcoming entrance hall flows into a bright, open-plan kitchen, dining, and living area, which extends out to a private balcony – perfect for relaxing or entertaining.
The apartment comprises three generously sized double bedrooms, two of which benefit from stylish en-suite bathrooms.
A further guest WC incorporates cleverly designed built-in units with integrated utility appliances.
Further highlights include: Secure underground parking for two vehicles with dedicated storage Lift access to all levels Bathrooms by H2O Bathroom Design Company Underfloor heating throughout, powered by an efficient air source heat pump King Edward’s Place An exclusive new development by Ida Homes , King Edward’s Place offers just 18 two and three bedroom apartments, set within landscaped grounds.
Each home is finished to the highest specification, with the option to personalise finishes after reservation.
Location Perfectly positioned on Cottingwood Lane, the development is only a short stroll from Morpeth town centre.
A wide range of amenities are nearby, including supermarkets, independent shops, restaurants, bars, doctors, and pharmacies.
The town’s historic landmarks, such as Morpeth Chantry and the medieval gatehouse, provide a rich backdrop, while excellent schools – including the Outstanding-rated King Edward VI Academy – are within easy reach.
For commuters, Morpeth railway station is just one mile away, offering direct services on the East Coast Main Line to Newcastle, Edinburgh, and London. Newcastle Airport is a 20 minute drive away.
Tenure & Services 999-year virtual freehold with nil ground rent and share of freehold Communal areas, building insurance and compliance covered by an annual service charge shared between all residents Communal Garden Leading landscape designers have created a peaceful and tranquil communal garden with native trees and shrubs.
This garden will offer private areas for all residents to enjoy and escape to throughout the year.
Parking - Allocated parking This property features underground parking for two vehicles and access to an EV charging point.
Additionally, it offers storage facilities and direct lift access to all floors.
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
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FAQ
About Manor Place, Morpeth, NE61
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