2-bedroom bungalow · NE37 2NU
Listing removedListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Onward Chain!!
This impressive three bedroom semi-detached bungalow, found in the very popular and quiet location of Essex Drive, is proudly presented to the sales market by Jill Moore Sales & Lettings.
Benefitting from two extensions, a landscaped low maintenance rear garden and a range of amenities on the doorstep, this property certainly is a gem and wont be around for long! Viewings are crucial!
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the `Reservation Period`).
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £ 6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £ 450.00.
These services are optional. Entrance Hall Enter through uPVC double glazed door into porch area with surround double glazed windows and internal doorway leading into the hall.
The welcoming Lounge The good-sized lounge space offers a fireplace feature, large double glazed window looking over the front aspect of the property and filling the room with natural light.
Neutral walls, carpet flooring and radiator also feature.
Bedroom The master bedroom is complete with a series of bespoke built in wardrobe/storage space, neutral walls, large double glazed window to the front aspect of the property, radiator and carpet to the floor.
Bedroom/Dining Room The second double bedroom/dining area features carpet flooring, neutral walls and is open plan to the extension on the rear creating a third bedroom.
Bedroom/Sun Room The third bedroom is flooded with natural light from the large double glazed sliding patio door which leads out into the rear garden and offers neutral walls, carpet flooring and radiator.
Kitchen The good-sized kitchen is well-presented with a range of neutral base and wall units providing ample storage and housing integrated oven, hob and sink with mixer tap.
Double glazed window also features along with neutral walls and internal doorway into garage.
Bathroom The spacious family bathroom offers neutral walls, low level hand wash basin, toilet, towel rail/radiator, double glazed window and walk in shower/wet room.
External To the rear, a low maintenance landscaped garden which is not overlooked and offers unobstructed sunlight throughout the day being south facing.
Artificial grass section and paved patio/seating areas also feature. To the front, a block paved private driveway provides ample space for multiple vehicles and leads up to the private garage.
Location The property is found in the highly popular and quiet location of Essex Drive, Washington, which offers a range of well respected schools, shops and pubs/restaurants on the doorstep.
The property also benefits from great public transport links being close to a major bus route.
Commuting into larger cities such as Newcastle, Sunderland and/or Durham is made quick and easy via the A1/A1231/A19 major roads close by.
Tenure The property is leasehold with 35 years remaining on the lease currently.
The freehold is being purchased by the current vendor alongside the sale so that the property can be sold as freehold.
Disclaimer DISCLAIMER Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it.
MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance.
If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation.
This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.
PLEASE NOTE Please note that all sizes have been measured with an electronic measuring tape and are approximations only.
Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves.
We present these details of the property in good faith and they (truncated) Property Information The following information should be read and considered by any potential buyers prior to making a transactional decision.
SERVICES: We are advised by the seller that the property has mains gas, electricity, water and drainage.
MAINTENANCE/SERVICE CHARGES- No WATER METER- No PARKING ARRANGEMENTS: Garage & Driveway BROADBAND SPEED: No issues reported by vendor.
The maximum speed for broadband in this area is shown by inputting the postcode at the following link here> Broadband Speed Checker - UK's No.1 Broadband Speed Test ELECTRIC CAR CHARGER- No MOBILE PHONE SIGNAL: No known issues at the property NORTH EAST OF ENGLAND- EX MINING AREA: We operate in an ex-mining area.
This property may have been built on or near an ex-mining site. Further information can/will be clarified by the Solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at this point of producing this material. There may be more information related (truncated)
Value & comps
No previous sales on record.
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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 starting price
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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 Essex Drive, Usworth, Washington, Tyne and Wear, NE37
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