2-bedroom semi-detached house · NE61 6XH
Sold STCListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious, bright and airy two bedroomed home located on Castle Way, Pegswood is guaranteed to impress!
The property boasts a superb position, tucked nicely within a quiet cul-de-sac, making it ideal for families.
With spacious rooms throughout and tremendous position we anticipate interest will be high.
The village of Pegswood benefits from a good choice of amenities on your doorstep such as a doctor's surgery, pharmacy and local Co-op, whilst you are only a two-mile drive away from the busy and historic market town of Morpeth.
The property benefits from a train station 0.5 miles away, along with having easy access to the A1 at 3.5 mile away.
The property briefly comprises:- Entrance porch, a generous sized open plan lounge/diner with a bay windows offering views over the front driveway.
This is a great space for families with ample room for your dining table and chairs.
This leads seamlessly into the conservatory which is the perfect place for relaxation and offers views over the rear garden which can be accessed via the single patio door.
The modern kitchen has been fitted with a range of gloss wall and base units offering an abundance of storage.
To the upper floor of the accommodation, you have two large double sized bedrooms, both of which have been carpeted. The master bedroom benefits from a built-in cupboard offering excellent storage.
The family bathroom benefits from under floor heating and has been beautifully finished with W.C., hand basin, bath and shower over bath.
Externally to the front of the property, you have a private driveway which can accommodate at least two cars and singe garage.
Whilst to the rear of the property there is a fully enclosed garden which has been laid to lawn with patio area, ideal for those who enjoy outdoor entertaining.
A must view to appreciate the home on offer.
Measurements Lounge/Diner: 19'07 x 15'02 Max Points (5.97m x 4.62m Max Points) Kitchen: 7'10 x 7'02 (2.39m x 2.18m) Conservatory: 10'10 x 6'10 (3.30m x 2.11m) Bedroom One: 8'07 x 12'03 (2.62m x 3.73m) Bedroom Two: 9'08 x 10'08 Max Points (2.95m x 3.25m Max Points) Bathroom: 5'05 x 7'06 Max Points (1.65m x 2.29m) Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Fibre to Premises Mobile Signal / Coverage Blackspot: No Parking: Garage and Driveway Tenure Freehold – It is understood that this property is freehold, but should you decide to proceed with the purchase of this property, the Tenure must be verified by your Legal Adviser.
Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead. EPC Rating: C Council Tax Band: A
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 50, Castle Way, Morpeth
Explore nearby