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Sleekburn, Morpeth, NE61 2ZD

North East

£175,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom semi-detached home presents a prime opportunity for those seeking a renovation project with significant investment potential. Nestled on the quieter southeastern edge of Morpeth, the property benefits from a peaceful residential setting while remaining conveniently close to local amenities, shops, and the train station. The exterior features off-street parking, adding to its appeal for both residents and future tenants. Inside, the layout is thoughtfully designed for easy living. The bright living room offers ample natural light, while a practical downstairs toilet adds convenience. The kitchen opens directly onto a south-facing garden through French doors, providing a seamless transition between indoor and outdoor spaces. While the interiors currently feature neutral magnolia walls and white woodwork, this presents an excellent opportunity for new owners to infuse their personal style and creativity into the home. Upstairs are two well-proportioned bedrooms along with a simple bathroom that includes a shower over the bath—a functional layout ideal for first-time buyers or small families. The sunny back garden is perfect for entertaining or simply enjoying quiet moments outdoors. Its orientation allows for plenty of sunlight throughout the day, making it an inviting space for summer gatherings or peaceful relaxation. This property is chain-free and ready for immediate occupancy, making it an appealing choice for those who may have missed out on similar offerings in 2021. With its combination of location, potential for cosmetic updates, and the tranquility of its surroundings, this home represents a sound investment opportunity in the current market.

Investment Analysis

(NE61 area)
Area Average
£241/sq ft
Avg Rent (weekly)
£245
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£2,000 - £5,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NE61)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 15.3%
5 year growth: 15.2%
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

Sleekburn, Morpeth, NE61 2ZD
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE