3 bed terraced house for sale

Kirkbride Place, Cramlington NE23

The property requires refurbishment and modernisation throughout, presenting buyers with the opportunity to add significant value. Estimated refurbishment costs are approximately £20,000–£30,000, with comparable refurbished properties within Kirkbride Place and the surrounding area achieving approximately £140,000–£160,000+, depending on specification and property type. Recent sales and local valuation data support values in excess of £180,000 for modernised homes within the immediate area.

Rental comparables nearby are achieving approximately £875–£1,200 pcm, supporting a projected yield of approximately 6%–8%, subject to purchase price and refurbishment costs. The area continues to attract strong rental demand due to its proximity to local schools, amenities, employment hubs and excellent transport links throughout Northumberland and Newcastle.

Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.

Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.

All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.