2-bedroom terraced house · NE28 7PR
Sold STCReduced £10k (−6.1%) on 19 SepListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Signature North East is delighted to welcome to the market this well-positioned two-bedroom terraced home on Richardson Street, Wallsend.
Ideally situated close to a range of local amenities, schools, leisure facilities and green spaces, including Richardson Dees Park, the property also benefits from excellent transport links.
The number 22 bus route runs along the High Street at the end of Richardson Street, providing a direct route into Newcastle City Centre and Central Station, while Wallsend Metro Station is also within easy reach.
Entering via the enclosed porch, you are welcomed into a living room, offering ample room for a range of furnishings and featuring a charming fireplace as a focal point, alongside a useful storage cupboard.
The living room opens into the dining room, creating a comfortable open-plan space with room for a dining table.
The kitchen is fitted with attractive wall and base units, complemented by wooden worktops, with integrated oven and hob.
A further storage cupboard provides additional practicality, while access is provided to the rear yard and downstairs bathroom, complete with WC, hand basin and shower over bath.
Continuing to the first floor, there are two bedrooms, both offering ample space to comfortably accommodate a double bed alongside additional furnishings.
Completing the first floor is the stylish bathroom, featuring a freestanding bathtub, separate walk-in shower, hand basin and WC.
Externally, the property benefits from a front garden, while to the rear is an enclosed yard offering ample space for outdoor furniture.
On-street parking is available nearby with no permit required, further enhancing the convenience of this well-located home.
Living Room (3.80 x 3.90 (12'5" x 12'9")) Dining Room (2.76 x 3.00 (9'0" x 9'10")) Kitchen (3.01 x 2.75 (9'10" x 9'0")) Bathroom (1.46 x 1.70 (4'9" x 5'6")) Bedroom One (3.80 x 5.29 (12'5" x 17'4")) Bedroom Two (2.76 x 3.01 (9'0" x 9'10")) Bathroom (3.41 x 2.75 (11'2" x 9'0"))
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 117, Richardson Street, Wallsend
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