3-bedroom house · NE61 2FD
Listing removedListed 233 days
Opportunity summary
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About
Extremely well presented and spacious three bedroomed family home, located on Preston Square, Morpeth.
The property itself is located within a quiet cul-de-sac, offering peaceful living to its new owners.
The property itself internally has been finished to a high standard throughout by its current owners, meaning it is ready to move straight into.
Morpeth town Centre is just a short walk away, where you will find an array of local bars, restaurants and shopping delights to choose from, as well as fabulous river walks all on your doorstep.
The property is a Discount Market Value property and will be sold at 70% 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 .
The property briefly comprises:- Entrance porch, downstairs W.C, and modern high spec kitchen, which has been fitted with a range of wall and base units, offering an abundance of storage.
Appliances include gas hob and electric oven. This leads seamlessly into the lounge, which is located to the rear of the property.
The lounge has been fitted with a light beige carpet, finished with modern décor and offers views over the rear garden, which can be accessed via the double patio doors.
A brand new boiler has been installed in November 2024 with a 12 year guarantee.
To the upper floor of the accommodation, you have two large double bedrooms and one single, which is currently used as a dressing room.
All rooms have been carpeted throughout and beautifully finished with modern décor. The master bedroom further benefits from its own en-suite shower room and a fitted mirrored wardrobe.
The family bathroom has been partially tiled. Fixtures include W.C., hand basin and bath.
The property benefits from a loft which has been boarded for extra storage, with a wooden ladder for access and lighting.
Externally to the rear of the property there are two allocated parking spaces and a fully enclosed rear garden. The garden has been fitted with astro turf making is extremely low maintenance.
Guaranteed to impress, this is home will attract a huge amount of interest! This could be a fantastic property for a first-time buyer!
Measurements Porch: 3’1 x 5’8 (0.94 x 1.76m) Kitchen: 10’00 x 13’7 (3.05m x 4.14m) Lounge: 16’6 x 14’8 Max Points (5.03m x 4.47m Max Points) W.C: 3’1 x 6’00 (0.94m x 1.82m) Bedroom One: 11’5 x 9’8 (3.48m x 2.95m) Ensuite: 3’10 x 6’8 (0.94m x 2.07m) Bedroom Two: 9’6 x 9’8 (2.90m x 2.95m) Bedroom Three: 6’6 x 8’00 (1.98m x 2.44m) Bathroom: 6’6 x 6’1 (1.98m x 1.85m) Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Fibre to Premises Mobile Signal / Coverage Blackspot: No Parking: Private Driveway and Additional on Street Parking 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
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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
Agent & docs
FAQ
About 16, Preston Square, Morpeth
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