2-bedroom terraced house · NE23 6RH
Listing removedListed 80 days
Opportunity summary
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About
*** LARGER STYLE TERRACED HOUSE - KLONDYKE - *FREEHOLD - NO UPPER CHAIN - DRIVEWAY - TWO LARGE BEDROOMS - TWO RECEPTION ROOMS - FOR SALE VIA AUCTION 27 AUGUST - OPTION 1 (IMMEDIATE EXCHANGE OF CONTRACTS) *** Mike Rogerson Estate Agents welcome to the auction market this larger than average spacious two bedroom property located on the very popular Ridley Street, Klondyke in Cramlington.
Ridley Street is ideally placed for local amenities including convenience stores, takeaways, a local pub, a barbers and hairdressers as well as being placed for bus stops.
This property is slightly different in terms of size and is larger than the average terraced house in this location. The property is also being offered with no upper chain.
Cramlington is a popular town located within easy commuting distance of the Tyneside conurbation.
The shopping on offer in Cramlington is large and varied, with national supermarkets and chain stores clustered around the Manor Walk Shopping Development , which also features a cinema and leisure centre .
Cramlington was planned as a new town and features interconnected footpaths and cycle paths throughout, connecting the various estates and multitude of green spaces.
Cramlington also has excellent schools including the Cramlington Learning Village, doctors surgeries, sports clubs, public houses and restaurants as well as Cramlington train station.
The ground floor accommodation comprises entrance hallway with stairs to the first floor accommodation, lounge, separate dining room which leads through to the kitchen.
To the first floor are two very spacious bedrooms and a bathroom. Externally the property benefits from a driveway providing off street parking.
OPTION ONE You must legally be in a position to exchange contracts on the night of the online auction as the buyer is legally committed to the purchase 28 day completion from exchange of contracts Immediate exchange of contracts on the fall of the gavel Buyer pays a 10% deposit (minimum of £3000) which comes off the purchase price Auction administration fee is payable of £2000 + VAT (Total of £2400) on top of the purchase price Disclaimer 1 The Agents Property Auction have not inspected this property.
The property details have been supplied by MR. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only.
Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts.
The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract.
No member of staff has any authority to make or give representation or warranty in relation to this property.
Disclaimer 2 Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence.
The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (Total £2400) Auction Administration Fee.
At your request we can refer you to a North East based Solicitor from our panel.
It is your decision whether you choose to deal with them, should you decide to use them you should Disclaimer 3 A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirement son all matters and have finance in place prior to purchase.
Please call the Cramlington branch for further information. *We have been advised the property is Freehold, however we advise legal confirmation is sought from the legal pack.
To arrange a viewing please contact the Cramlington branch or email for further information.
Externally This larger than average two bedroom terraced house located on the popular Ridley Street, Klondyke in Cramlington.
The property is located next to bus stops, as well as the local amenities within the Klondyke location.
Entrance Hallway Entrance into the hallway is via a UPVC double glazed door, with stairs to the first floor accommodation, access into the lounge.
Lounge 13' 5'' x 10' 2'' (4.10m x 3.10m) The lounge is located to the front elevation and comprises UPVC double glazed window and a radiator to the wall.
Dining Room 13' 0'' x 11' 5'' (3.95m x 3.49m) The second reception room is located to the rear elevation and comprises UPVC double glazed window, radiator to the wall with two large storage cupboards.
Kitchen 10' 9'' x 7' 11'' (3.28m x 2.41m) The kitchen is located just off from the dining room.
Fitted with base units, stainless steel sink and drainer sits under a UPVC double glazed window, as well as an additional UPVC double glazed window to the front elevation and UPVC door to the rear.
The boiler is housed to the wall. First Floor Landing Within the landing is a UPVC double glazed window to the side elevation and loft access.
Bedroom One 16' 10'' x 10' 4'' (5.13m x 3.16m) The very spacious principle bedroom is located to the front elevation and comprises UPVC double glazed window and radiator to the wall.
Bedroom Two 13' 3'' x 10' 6'' (4.04m x 3.20m) The second spacious double bedroom is located to the rear elevation and comprises UPVC double glazed window and a radiator to the wall.
Bathroom 6' 3'' x 6' 2'' (1.91m x 1.87m) The bathroom comprises of a white suite comprising of a panel bath with shower over, pedestal hand wash basin and low level w.c, UPVC double glazed window to the rear elevation and radiator to the wall.
Rear Elevation To the rear of the property is a driveway providing off street parking. EPC Graph A full copy of the report is available upon request.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
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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.
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FAQ
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