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Matlock Square, Lynemouth, Morpeth

North East

£85,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
796 sqft

Description

This three-bedroom terrace house presents a promising investment opportunity in the sought-after village of Lynemouth. While the property is currently in need of modernisation, it offers a blank canvas for prospective buyers, including first-time homeowners and investors, to enhance its value and tailor it to personal tastes. Features include double glazing and gas central heating, which are beneficial for energy efficiency. Arranged over two floors, the ground level comprises an entrance hallway that leads into a spacious lounge, a functional kitchen space, and a convenient downstairs W/C. The upper floor houses three comfortably sized bedrooms along with a family bathroom. Beyond the interior, the property boasts expansive front and rear gardens, ideal for outdoor enjoyment or development potential. Given its substantial living areas and significant scope for refurbishment, this home is an exceptional find in today's market. Early viewing is advisable to explore the possibilities this property can offer.

Investment Analysis

(NE61 area)

Below Market Value

This property is priced -56.3% below area average per sq ft

-56.3%
Potential saving
This Property
£107/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£213,734
10% above area average per sq ft
Potential ROI
+85.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NE61)

Area prices are rising by +3.5% over the last 12 months
3 year growth: +14.9%
5 year growth: +15.8%
Investment Disclaimer: Analysis based on NE61 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Matlock Square, Lynemouth, Morpeth
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£307
Based on a loan of £63,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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