2-bedroom terraced house · NE40 4BE
Sold STCListed 74 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two-bedroom mid-terraced home offers well-presented and well-proportioned accommodation throughout, that should appeal particular to couples and first-time buyers.
The ground floor has exposed floorboards throughout with the accommodation comprising: front entrance lobby with stairs to the first floor, spacious living room with a gas fire and white surround, kitchen/breakfast room fitted with wall and base units and wooden worktops, with a built-in electric oven, gas hob with extractor over, integrated under-counter fridge and freezer, and a concealed Vaillant gas combi.
boiler. There is a rear door for access to and from the enclosed yard.
To the first floor, the landing has a hatch with a drop-down ladder to the part-boarded loft space, and there are two double bedrooms; the spacious main bedroom, situated to front, has two fitted shelves and a hanging rail in the recess, and the second bedroom is situated to the rear.
The bathroom, which has part-tiled walls and a tiled floor, is fitted with a contemporary white suite comprising a panelled bath with a dual-head mains-fed shower over, a pedestal wash basin and W.C., and there are four useful fitted shelves in the recess at the near end.
Externally, there is a low maintenance front garden with a chipped slate border around a circular patio, with a path and a gate for access to/from the pedestrianised path for access along the terrace and with a communal grassed area between the two terraces.
To the rear is an enclosed yard with a built-in shed and a bin store.
There is also a gate for access to/from the rear lane, which has vehicular access and can be used for considerate on-street parking.
Location - Milton Street is tucked away off Rockwood Hill Road in Greenside, which is a semi-rural village, in Ryton, with nearby countryside walks and cycle routes, situated at the edge of the Tyne and Derwent Valleys.
Within the village there are amenities including shops, churches, public houses, the primary school and public transport links, with easy access to major roads, including the A695, connecting to the neighbouring villages and towns, including Prudhoe, Ryton, Rowlands Gill, Hexham and the regional centres of Gateshead and Newcastle, which are approximately 9 miles to the east.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. CRA260289/2
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
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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 Milton Street, Greenside, Ryton, Tyne and Wear, NE40
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