2-bedroom flat · NE61 1BW
Sold STCListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** TWO BEDROOM FIRST FLOOR FLAT - CENTRAL MORPETH LOCATION - IDEAL FIRST TIME BUY OR INVESTMENT - ALLOCATED PARKING SPACE - NO UPPER CHAIN - MUST VIEW!
- EPC GRADE D *** Situated in a courtyard setting within Wellway Court, a modern development in the very heart of the historic market town of Morpeth, this beautifully presented two bedroom first floor flat offers contemporary living in an exceptionally convenient and highly desirable location.
The development enjoys a peaceful yet central position, just moments from Morpeth’s traditional range of bars, restaurants, shopping and leisure facilities, along with picturesque riverside walks.
Transport links are also superb, with local bus services available from the nearby bus station, Morpeth’s mainline railway station offering direct connections, and the A1 trunk road providing easy vehicle access both North and South.
Internally, the property is well presented throughout, offering bright and stylish accommodation ready for immediate occupation.
The well-proportioned layout briefly comprises a welcoming lounge, kitchen, two bedrooms and a contemporary bathroom.
Externally, the property benefits from an allocated parking space, adding convenience and peace of mind.
This fantastic property will appeal to first time buyers, professionals and investors alike, offering an excellent opportunity to secure a home within one of Northumberland’s most sought-after and historic locations.
Early viewing is strongly recommended to fully appreciate the quality, presentation and outstanding central position this superb home has to offer.
To arrange a viewing, please contact our Morpeth office. Entrance Hallway Composite door to front elevation, stairs to first floor, wall mounted electric radiator.
Intercom system, recessed spotlights, storage cupboard, access to loft.
Lounge 18' 8'' x 13' 5'' (5.68m x 4.08m) Two double glazed window to front elevation and two wall mounted electric radiators.
Kitchen 9' 1'' x 9' 0'' (2.77m x 2.74m) Double glazed window, fitted kitchen comprising of a good range of wall drawer and base units with co ordinating work surfaces, under counter oven and grill unit, four burner electric hob with extractor fan over, one and a half bowl sink and drainer unit with mixer tap, part tiled walls and plumbing for washing machine.
Bedroom One 12' 0'' x 8' 11'' (3.67m x 2.72m) Double glazed window, wall mounted electric radiator, recessed spotlights, fitted wardrobe.
Bedroom Two 11' 11'' x 8' 11'' (3.64m x 2.73m) Double glazed window to rear elevation, wall mounted electric radiator, fitted wardrobe, recessed spotlights.
Family Bathroom 5' 9'' x 8' 11'' (1.75m x 2.72m) Fitted with a white three piece suite comprising of a low level W/C, pedestal wash hand basin and panel bath with mains fed shower over, tiled walls, wall mounted electric towel rail.
Externally There is an allocated parking space. EPC Graph A full copy of the energy performance certificate can be provided upon request.
Tenure We are advised by our vendor clients that the property is held leasehold. Any interested party should ask their legal advisors to confirm this.
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 Wellway Court, Morpeth
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