2-bedroom flat · NE61 1AQ
Listing removedListed 68 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A purpose built first floor flat located in Morpeth town centre, central for local amenities. The property benefits from gas central heating, double glazing and two bedrooms.
Residents parking for Dawson Place is via a permit obtainable from Northumberland County Council. Ground Floor: - Entrance Lobby And Stairs - Composite front door.
First Floor Landing - One double radiator. Boiler cupboard with Baxi Duo Tec combi 28HEA condensing combination boiler. Large walk in overstair cupboard with storage shelves.
Bedroom One (Front) - 2.9m x 4.09m (9'6" x 13'5") - UPVC double glazed window. One radiator. Bedroom Two - 2.02m x 3.19m (6'7" x 10'5") - UPVC double glazed window. One radiator.
Bathroom/Wc - 2.16m x 1.68m (7'1" x 5'6") - White suite comprising panelled bath with Mira Jump electric shower over, pedestal wash hand basin and close coupled WC. Heated towel rail.
Feature leaded glass window set in a UPVC frame. Alcove cupboard with open shelving. Living Room - 3.67m x 4.58m (12'0" x 15'0") - UPVC double glazed window. One double radiator.
Kitchen - 1.87m x 3.27m (6'1" x 10'8") - One radiator. UPVC double glazed window. Range of wall and floor storage units. Stainless steel single drainer sink unit.
Plumbing for automatic washing machine. Electric oven with extractor fan over Viewing - Strictly by appointment through our Morpeth Office - - Option 2.
Rent & Terms - £700.00 per calendar month exclusive. Please note that the Tenant(s) is/are to responsible for all utilities and services including Council Tax.
The Tenant will be required to pay the following sum of money ON COMMENCEMENT OF THE TENANCY: £700.00 Security Deposit £700.00 One months rent due in advance Deposit Information - In accordance with the Housing Act 2004 Tenancy Deposit Protection Law (implemented 6 April 2007), security deposits paid by Tenants must be protected by a Tenancy Deposit Protection Scheme.
As such, we advise that Rickard Chartered Surveyors are a member of the Tenancy Deposit Scheme administered by The Deposit Protection Service.
Further details regarding their code of practice, terms and conditions can be obtained by telephoning The Deposit Protection Service on or accessing their web site at References - All tenancies are subject to the receipt of satisfactory references.
In addition to the necessary references, we will also carry out Money Laundering Checks and a credit check. This is included in our referencing process.
We are also required to carry out Right to Rent checks on all Tenants.
We will require sight of a UK passport or, alternatively, a valid UK drivers licence along with secondary supporting documentation (a full list of acceptable documents can be provided) per applicant.
This information will be required upon payment of the holding deposit and prior to the reference checks being carried out.
Tenant Fees - Permitted fees for tenants: In order for the Landlord to agree to process your application and to suspend advertising the subject property as being available, the proposed Tenant will be required to pay a Holding Deposit equating to one weeks rent.
A deadline for agreement will be agreed and the proposed Tenant will be required to enter into a legally binding conditional contract to create a specific future date.
Should the proposed Tenancy not proceed due to no fault of the Tenant, for example, the Landlord withdraws from the agreement, then the Holding Deposit will be refunded in full to the Tenant.
Should the Prospective Tenant: 1. Withdraw from this contract before entering into the tenancy agreement, 2. Provide false information for referencing, 3.
Fail to act reasonably to enter into the tenancy before the deadline for agreement, 4.
Fail Right to Rent checks, Then they will be liable for the reasonable costs incurred by the Landlord and his Agent up to the value of the Holding Deposit.
The following costs will be deducted from the Holding Deposit. Any surplus of the Holding Deposit will be returned to the Prospective Tenant, without interest, as soon as possible.
A refund to any one of the joint and several Prospective Tenants will be considered adequate as a total refund to all concerned.
The costs that may be deducted from the Holding Deposit can include, but are not limited to, the following: 1. Costs of any references or credit checks sought 2.
Costs of any administration undertaken to prepare for the tenancy 3. Costs of re-advertising the property to let 4. Costs of any guarantor agreements 5.
Costs, in lieu of rent, of keeping the property empty for the tenant Should a proposed Tenant be uncertain regarding any of the above terms, they should seek legal advice before entering into agreement.
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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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 Dawson Place, Morpeth
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