2-bedroom terraced house · NE39 2HJ
Listing removedListed 169 days
Opportunity summary
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About
A well-presented two-bedroom end-terrace property boasting a beautiful rear garden — the only home on the street to benefit from one.
Offered for sale with no upper chain, this home is ideal for first-time buyers or investors and offers great potential, although it is in need of some modernisation.
The accommodation briefly comprises an entrance porch, a welcoming living room, and a spacious dining room featuring built-in storage and a sliding door to the staircase leading to the first floor.
The kitchen offers tiled flooring, a range of wall and base units, and provides direct access to the rear garden.
To the first floor are two bedrooms, with the main bedroom benefiting from fitted wardrobes and pleasant open views.
The family shower room includes a walk-in shower and built-in storage housing the boiler. We have been advised the boiler is approximately three years old and has a full service history.
Externally, the property offers a small paved area to the front. To the rear is a well-maintained garden with a patio seating area, raised lawn, and a variety of shrubs and borders.
There is also access to large side storage and a rear lane.
Towneley Terrace is situated on Clayton Terrace Road in High Spen, with a field at the bottom of the terrace that is ideal for dog walking or for children to play.
It is just 0.7 miles from Garesfield Golf Club and 0.9 miles from the centre of the semi-rural village of High Spen, which has a range of local shops, cafes and amenities (including a primary school).
It is also 1.5 miles from the centre of Chopwell village, up the hill.
Rowlands Gill village is 2.7 miles away, which offers further shops and amenities, while Newcastle is just under 10 miles to the north east.
There are several popular countryside walks and cycle routes in the area, which is situated at the edge of the Derwent Valley and the Tyne Valley.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
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. QRW240245/2
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 Towneley Terrace, High Spen, Rowlands Gill, Tyne and Wear, NE39
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