2-bedroom bungalow · NE24 4EE
Listing removedListed 91 days
Opportunity summary
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About
For Sale by Auction: 27th August, Option 1. Terms and Conditions apply. 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 seller’s 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.
Joint Agents: The Agents Property Auction Ltd.
Tel Terms and conditions apply see Situated in a peaceful cul-de-sac on a fabulous plot, this fantastic two-bedroom semi-detached bungalow offers an excellent opportunity for buyers looking to modernise and create their ideal home.
The property features a welcoming entrance hallway leading to a bright and spacious lounge, a fitted kitchen, two well-proportioned bedrooms, and a bathroom.
Although in need of updating throughout, the bungalow provides a superb blank canvas with excellent potential to enhance and personalise, subject to any necessary permissions.
Externally, the property enjoys generous front and rear gardens, providing plenty of space for outdoor enjoyment and gardening.
Further benefits include off-street parking and an attached garage, adding convenience and additional storage.
Offering superb potential and occupying an enviable position within a quiet cul-de-sac, this is a wonderful opportunity to create a home tailored to your own tastes.
Property description: Entrance porch: UPVC Entrance door entrance hallway: Single radiator and storage cupboard lounge: (front): 13’63 x 11’48, (4.15m x 3.49m), double glazed window to front, single radiator.
Kitchen: (rear): 9’66 x 8’23, (2.44m x 2.50m), double glazed window to rear, single radiator, range of wall, floor and drawer units with coordinating roll edge work surfaces, tiled splash backs, space for fridge freezer, plumbed area for washing machine and doors to rear garden.
First floor landing area Loft: Partially boarded.
Family bathroom: 3-piece suite comprising, paneled bath, shower over, hand basin, low level wc, double glazed window to rear, single radiator, and part tiling to walls.
Bedroom one: (front): 11’98 x 11’49, (3.65m x 3.49m), double glazed window to front, and single radiator.
Bedroom two: (side): 9’63 x 11’97, (2.93m x 3.64m), double glazed window to side, built in cupboard. Externally: To the front is laid mainly to lawn with off street parking and a single garage.
To the rear is a patio area.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: None Mobile Signal Coverage Blackspot: No Parking: Garage/Driveway Mining The Northeast region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any.
Building works Any known planning permissions or proposals in the immediate locality: No Outstanding building works at the property: No 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
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 2, Peltondale Avenue, Blyth
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