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 house · NE34 7AJ
Listing removedReduced £5k (−3.1%) on 21 JunListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An exciting opportunity to acquire this elevated end of terrace home, perfectly positioned to enjoy sea views from the front aspect and just A stones throw from marsden bay.
The property offers well proportioned accommodation throughout, beginning with the through lounge which leads to the well fitted kitchen/breakfast room.
Upstairs there are three bedrooms (two bedrooms with fitted wardrobes), A bathroom and separate W.C..
Externally there are gardens to both the front and rear along with the added advantage of off road parking.
With coastal walks, local amenities and stunning scenery right on the doorstep, this property would make an ideal starter home or family purchase in this wonderful seaside location.
Entrance Lobby Upvc double glazed front door and side windows, laminate flooring.
Lounge (Through Room) (5.90m (19' 4") x 3.15m (10' 4")) Feature hole in the wall style fireplace with inset living flame coal effect gas fire, fitted carpet, two radiators, vertical blinds, front and rear upvc double glazed windows.
Kitchen/Breakfast Room (5.90m (19' 4") x 3.48m (11' 5") red.
To 2.43m) An extensive range of oak wood fronted fitted wall/floor units including some glazed fronts, built in breakfast bar, built in computer desk, wine rack, single drainer one and a half bowl stainless steel sink unit with mixer tap, integrated dishwasher and washing machine, built in electric hob, concealed overhead extractor hood, built in oven, complementary inset wall tiling, quarry tile flooring, twin and single panel radiators, upvc double glazed windows to the front and rear, upvc double glazed back door, vertical blinds, understairs cupboard.
Stairs/Landing Fitted carpet, landing cupboard with Baxi gas combination central heating boiler, radiator, two loft hatches with pull down ladders providing access to the boarded and floored loft spaces with lights.
Bedroom No.
1 (Front) (4.16m (13' 8") x 2.51m (8' 3")) A range of fitted wood style wardrobes with overhead cupboards, corner glazed shelving features, drawers, bed head and dressing table, fitted carpet, radiator, upvc double glazed window.
Bedroom No. 2 (Front) (3.11m (10' 2") x 4.18m (13' 9")into 'robes) Walk in wardrobe with sliding mirror doors, laminate flooring, radiator, upvc double glazed window. Bedroom No.
3 (Rear) (2.74m (9' 0") x 2.27m (7' 5")) Fitted carpet, radiator, upvc double glazed window.
Bathroom (1.67m (5' 6") x 1.59m (5' 3")) Panelled bath with overhead Redring electric instant hot water shower and shower screen, vanity wash basin, chrome towel radiator, fully tiled walls, pvc lined ceiling with halogen lighting, ceiling extractor, ceramic tiled floor, upvc double glazed window.
Separate W.C. Low level suite, fully tiled walls, ceramic tiled floor, pvc lined ceiling with halogen lighting, upvc double glazed window.
Exterior The property has a front lawn with adjoining car standage space and side gate leading to the rear garden.
The rear garden includes a small lawn, block paving and decking features, exterior lighting, outside tap and a garden shed.
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 102, Grotto Gardens, South Shields
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