2-bedroom flat · NE61 1AG
Listing removedListed 81 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Signature North East are delighted to welcome to the lettings market this well-presented, fully furnished two-bedroom ground floor apartment, ideally situated on the sought-after Mains Place in the heart of Morpeth.
Upon entering the property, you are welcomed into a spacious and bright living room, featuring sliding patio doors that provide direct access to the outside space.
The living area flows seamlessly into the fitted kitchen, complete with a range of wall and base units, a dining table, and a useful built-in storage cupboard.
The apartment offers two well-proportioned bedrooms, with the principal bedroom benefiting from fitted wardrobes. The bathroom comprises a bath, shower cubicle, hand basin and W.C.
Externally, the property benefits from an allocated parking space to the front, a shared visitor parking space, and additional parking available throughout the development.
Perfectly positioned within a quiet residential development, this apartment enjoys an enviable location just moments from Morpeth town centre.
Sanderson Arcade is within easy walking distance, offering an excellent selection of independent retailers, cafés, restaurants and supermarkets.
Morpeth Bus Station is approximately a five-minute walk away, providing convenient transport links to Newcastle city centre, while Carlisle Park is just a short drive from the property.
Excellent road connections also allow quick access to the A1, making this an ideal home for commuters.
Available immediately on an Assured Rolling Periodic Tenancy Agreement Council Tax Band: C tenancy application fees: To reserve this property, a refundable holding deposit of one week's rent is required, on move in, this will be deducted from your first months rent.
A damage deposit for the property is compulsory and is equivalent to 5 week's rent.
Living Room (6.74 x 3.23 (22'1" x 10'7")) Kitchen (3.56 x 2.44 (11'8" x 8'0")) Bedroom One (4.28 x 3.04 (14'0" x 9'11")) Bedroom Two (3.29 x 2.83 (10'9" x 9'3")) Bathroom (2.28 x 1.9 (7'5" x 6'2")) Notice regarding free standing gas & electric appliances: Any free standing appliances shown on photographs or present on viewings may not be included in the tenancy.
Please obtain confirmation in writing from our office as to the inclusion of any appliances which you require included within the tenancy, before you proceed with an application.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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.
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FAQ
About 4, Mains Place, Morpeth
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