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3 bedroom terraced house for sale
5 The Parks, Morpeth, Northumberland, NE65 9RL
£80,000
5 The Parks, Morpeth, Northumberland, NE65 9RL
£80,000
Price History
Initial price | £85,000 |
11/02/25 | £80,000 |
Price Change | -5.88% |
Description
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Here is a summary of the property description in a single paragraph:
This 3-bedroom terraced house in Morpeth, Northumberland is a turn-key investment opportunity with excellent capital growth potential. The property currently generates £495 per month, providing a 7.6% yield based on a guide price of £85,000. With the potential to achieve £750-£850 PCM, the yield could increase to 9-11%. The property is situated in a prime location, close to local amenities, restaurants, and schools, and has great access to London underground lines. The property is in good condition and features a contemporary design with significant potential for personal customization. It also boasts a lovely garden, making it an ideal choice for families. With recent sales evidence showing similar properties selling for £116,000, £200,000, and £110,000, this property is a fantastic opportunity for shrewd investors.