2-bedroom terraced house · NE61 1TZ
Sold STCListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A two bedroom mid-terrace home pleasantly situated on the popular Lancaster Terrace within the sought after Middle Greens area of Morpeth, just a short walk from the town centre.
Lancaster Terrace is a small residential street and, unlike many town centre properties, benefits from generous front gardens, providing an attractive outdoor space that is rarely found so close to the heart of the town.
Available with no upper chain, the property is likely to appeal to a variety of purchasers including first time buyers, those looking to downsize, or buyers seeking an easily maintained home whilst remaining close to Morpeth's excellent amenities.
Morpeth offers an outstanding range of facilities including a variety of independent and high street shops, supermarkets, cafés, restaurants and bars, leisure facilities, healthcare services and well-regarded schools.
The town also benefits from a mainline railway station with services to Newcastle, Edinburgh and London, together with excellent road links via the A1, making it an ideal location for commuters.
The accommodation briefly comprises: entrance into the lounge, kitchen, first floor landing, two bedrooms and a bathroom/WC.
Externally, the property enjoys a generous front garden, set across a residents footpath, together with an enclosed rear yard which may be suitable for off-street parking, subject to the size of the vehicle.
Lounge - 4.71 x 4.02 (15'5" x 13'2" ) - Entrance door to the front elevation, with a double glazed window overlooking the front garden, radiator, staircase leading to the first floor and a useful understairs storage cupboard.
A feature fireplace housing a log-burning stove provides an attractive focal point to the room. Kitchen - 1.92 x 3.98 (6'3" x 13'0" ) - Measurement excludes door recess to rear yard.
Fitted with a range of wall and base units incorporating roll-top work surfaces, inset sink drainer unit with mixer tap and plumbing for a washing machine.
Two double glazed windows to the rear elevation provide plenty of natural light, together with a radiator, laminate flooring and an external door giving access to the rear yard.
Additional Image - First Floor Landing - Bedroom One - 3.69 x 2.97 into alcoves (12'1" x 9'8" into alcov - Double glazed window to the front elevation, radiator and built-in wardrobes providing useful storage.
Cupboard housing the Baxi gas central heating boiler. Bedroom Two - 2.06 x 3.21 (6'9" x 10'6" ) - Double glazed window to the rear elevation and radiator.
Bathroom/Wc - Fitted with a low level WC, pedestal wash hand basin and panelled bath with electric shower over. Double glazed window to the rear elevation, heated towel rail and extractor fan.
Externally - To the front of the property is a good size garden, situated across a residents' footpath.
To the rear there is an open yard providing low maintenance outdoor space and potential for off street parking, subject to the size of the vehicle, with access from the rear lane.
Additional Image - Additional Image - Material Information - Type: House - Terraced Tenure: Freehold Floor area: Unknown Council tax band: A Brick construction materials Off street parking Utilities Water supply: Mains Sewerage: Mains Electricity supply :Mains Supply Heating: Gas Mains Internet connection:Fttp Internet speed:10000 Mbps Mobile coverage:O2 - Excellent, Vodafone - Excellent, Three - Excellent, EE - Excellent Adaptations, rights & restrictions On a coalfield:Yes Loft access:Yes General Information - These particulars are produced in good faith, and are set out as a general guide only, they do not constitute part or all of an offer or contract.
The measurements indicated are supplied for guidance only and as such must be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense.
No apparatus, equipment, fixtures, fittings or services have been tested and it is the buyer’s responsibility to seek confirmation as to the working condition of any appliances.
As the agent we have not sought to verify the legal title of the property and verification must be obtained from a solicitor.
Fixtures and fittings that are specifically mentioned in these particulars are included in the sale, all others in the property are specifically excluded.
Photographs are produced for general information and it must not be inferred that any item is included for sale within the property.
Google Maps - General Note - If you are using Google Maps, satellite or Street View please be aware that these may not show any new development in the area of the property.
Tenure - We have been advised that the property is Freehold. We cannot verify the Tenure of the property as we do not have access to the documentation.
Purchasers must ask their legal advisor to confirm the Tenure.
Financial Advice - Why not take the next step toward securing the best mortgage deal for you by booking an appointment with Brian Boland, our experienced Independent Mortgage Adviser at McKenzie Financial Services LTD?
With years of industry experience and a wealth of knowledge, Brian has helped countless customers save money and make confident, informed choices when it comes to their mortgage.
Whether you're a first-time buyer, moving home, or looking to remortgage, Brian will provide tailored advice to suit your unique needs and guide you through the entire process from start to finish.
Let’s work together to find the right mortgage solution for you—get in touch today and take that first step towards a better deal!
Please note: Your home may be repossessed if you do not keep up repayments on your mortgage.
McKenzie Financial Services LTD will pay Rickard 1936 Ltd a referral fee upon the successful completion of any mortgage application.
Viewing Arrangements - BY PRIOR ARRANGEMENT THROUGH OUR MORPETH OFFICE 11G26AOAO.01
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 Lancaster Terrace, Morpeth
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