We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · NE16 3HA
Sold STCListed 87 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on a quiet pedestrian walkway in Swalwell, this well-presented three-bedroom home offers spacious accommodation, ideal for families and first-time buyers alike.
The ground floor features a bright open-plan living and dining area, complete with a multi-fuel stove and useful built-in storage.
There is also the option to separate the living and dining spaces with French doors. The modern kitchen is located to the rear of the property and provides direct access to the garden.
Completing the ground floor is a contemporary family bathroom with a shower over the bath and additional storage.
Upstairs, there are three generously sized bedrooms, one of which benefits from a large built-in storage cupboard.
Externally, the property enjoys a low-maintenance front garden with artificial lawn, bordered by a wall and mature hedge.
To the rear is an enclosed garden with both paved and decked seating areas, perfect for relaxing or entertaining.
Ideally located with easy access to the A1, the property is close to a range of local shops, schools, and other amenities, making it an excellent choice for commuters and families.
If you would like to make an Offer: Please note that Target Property NE will immediately notify the seller when any offer is made on this property.
At the same time for Anti-Money Laundering legislation (AML), identity checks and proof of purchase funding including but not limited to, passport or driving licence with a utility bill showing current address, a mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including applicable selling agent and solicitor is required.
Tenure: Target Property NE are not able to fully confirm the tenure of the property, because it is not always possible to see the relevant documentation prior to putting the property up for sale.
Prospective buyers must always make appropriate and further enquiries with their own legal adviser.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Richmond Avenue, Swalwell, Whickham, Gateshead
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