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See how verdicts work3-bedroom terraced house · NE61 3FH
Listing removedListed 283 days
Opportunity summary
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About
Bright and airy three bedroomed mid-terraced home located on Borage Close, Morpeth.
Located on a highly sought after development, the property itself is nestled away within a small cul-de-sac, offering a lovely peaceful setting to its new owners.
Morpeth town Centre is just minutes’ drive away, where you will find an array of local bars, in demand schools, restaurants, shopping and river walks to choose from.
The property is a Discount Market Value property and will be sold at 75% of the open market value agreed by Northumberland County Council.
Discount Market Value homes are subject to criteria within the Section 106 section on the Northumberland County Council website.
If you feel you meet the criteria, please contact Rook Matthews Sayer and we will provide an application form that can be completed and sent to housing.
The property briefly comprises:- Entrance porch leading straight through to an open plan kitchen and lounge.
The modern kitchen has been fitted with a range of wall and base units, offering plenty of storage.
The kitchen/lounge is a great space for families and offers views over the rear garden, which can be accessed via the double patio doors. Integrated appliances include gas hob and electric oven.
You further benefit from a downstairs W.C. To the first floor of the accommodation, you have two good sized bedrooms, one double and one single.
Both of which have modern décor and have fitted with light grey carpets. The family bathroom has been fitted with W.C, hand basin, bath and shower over bath.
To the top floor, you are greeted by the spacious master bedroom which spans the whole of the top floor. This room is extremely light due to the dual aspect sky lights.
Externally, the property has a private parking space, whilst to the rear you have a fully enclosed garden, which has been laid to lawn with patio area, making it ideal for those who enjoy outdoor entertaining.
This could be a fantastic property for a first-time buyer!
MEASUREMENTS Kitchen/Lounge: 22’09 x 12’12 Max Points (6.73m x 3.69m Max Points) W.C: 2’85 x 4’94 (0.86m x 1.50m) Bedroom One: 18’56 x 12’12 Max Points (5.65m x 3.69m Max Points) Bedroom Two: 12’12 x 7’87 (3.69m x 2.39m) Bedroom Three: 12’12 x 5’57 Max Points (3.69m x 1.69m Max Points) Bathroom: 6’06 x 5’48 (1.84m x 1.67m) PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains gas Broadband: ADSL Copper Wire Mobile Signal / Coverage Blackspot: No Parking: Driveway TENURE Freehold – It is understood that this property is freehold, but should you decide to proceed with the purchase of this property, the Tenure must be verified by your Legal Adviser.
EPC Rating: B Council Tax Band: C
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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.
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About Borage Close, Morpeth
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