This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
£40,000
2 bedroom Mid Terrace House for sale, Severn Street, Chopwell, Tyne and Wear, NE17
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Features and Description
- Two Bedroom Mid Terraced
- Requires Renovation
- Two double bedrooms
- Approximate floor area: 64.5 sq.m. / 695 sq.ft.
- Awaiting EPC Rating
- Council tax band: A
Offering excellent potential for buyers looking for a renovation project, this two-bedroom mid-terraced property in Chopwell requires a full programme of modernisation and refurbishment. Providing an opportunity to create a home to suit individual tastes and requirements, the property may appeal to investors and those seeking a project with potential rental income.
The accommodation begins with a small entrance porch opening into the living room, which features built-in storage and a traditional Parkray coal fire set within a stone fireplace. Off the central hallway is a useful additional room, offering potential for use as a utility room or further storage space. The kitchen is compact and benefits from built-in storage, with a small rear hallway providing access to the enclosed yard and bathroom.
To the first floor are two double bedrooms, completing the internal accommodation.
Externally, the property benefits from a communal green area to the front, while to the rear is a private, enclosed yard with a shed and coal storage.
We understand that properties in the area can achieve rental income of approximately £550 per calendar month, making this a potential investment opportunity. Please note: the property is situated within an area subject to selective licensing. Prospective landlords should make their own enquiries with the relevant local authority to establish the current licensing requirements.
Severn Street is one of several similar terraces situated within the popular village of Chopwell, conveniently positioned close to the shops and local amenities in the village centre, particularly around Derwent Street. Located between the Derwent Valley and Tyne Valley, the village offers access to surrounding countryside, scenic walking routes and cycle trails. Road links provide access to Newcastle, approximately 11 miles away, while further amenities and facilities can be found in nearby Blackhall Mill, Rowlands Gill and Consett.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Severn Street, Chopwell, Tyne and Wear, NE17
Additional Information
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Property refQCO260026
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TenureFreehold
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Council TaxA
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Local authorityGateshead Council
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Your Move Estate Agents Rowlands Gill
Your Move Rowlands Gill
54 Station Road, Rowlands Gill, NE39 1JH
Mon - Fri09:00 - 17:00Saturday09:00 - 13:00SundayClosed
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