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 work2-bedroom house · NE5 3QX
Listing removedListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description A spacious two-bedroom semi-detached home in the popular area of Blakelaw, featuring modern décor throughout, a private driveway and EV charging point.
An ideal first-time purchase offering excellent living space. Viewing is highly recommended!
Council Tax Band: B Tenure: Freehold Entrance Lobby Accessed via a composite front door with glazed panel into the entrance lobby, with tiled flooring, neutral décor to the walls and a concealed light fitting to the ceiling.
The space is warmed via a vertical white radiator and provides ample space for a console table, with a door leading through to the lounge and carpeted stairs rising to the first-floor accommodation.
Lounge (3.87m x 3.44m) Generously proportioned reception room with neutral décor to the walls and modern grey carpet to the floor.
The room is warmed via two wall-mounted radiators and features large double-glazed windows with two top-opening sections, providing excellent natural light and ventilation.
There is ample space for a large L-shaped sofa, additional chairs and other furniture, with four spotlights to the ceiling and doors leading through to the ground-floor WC and kitchen/diner.
Kitchen / Diner (4.38m x 2.71m) Fitted with a range of modern white wall and base units, complemented by a single-bowl sink with drainer and mixer tap, integrated electric oven and gas hob, with space provided for a fridge freezer.
There is also a large useful storage cupboard and space for a central island.
Finished with vinyl flooring, grey metro-style steel bevelled-edge tiling to the splashback areas and spotlights to the ceiling.
French doors provide direct access onto the rear garden, with a radiator providing warmth.
Ground Floor WC Convenient ground-floor WC finished with wood-effect vinyl flooring and neutral décor to the walls.
Features include a white WC and wash hand basin with chrome fixtures, tiled splashback area, wall-mounted radiator with trv, mechanical ventilation and a ceiling light fitting.
First Floor: Landing First-floor landing with modern grey carpeting, neutral décor to the walls and a pendant light fitting.
There is a smoke detector to the ceiling, together with access to the loft via a pull-down ladder, with lighting provided. Doors lead to all first-floor accommodation.
Master Bedroom (3.50m x 3.33m) Located to the front of the property, the master bedroom features modern grey carpeting, neutral décor to the walls and a pendant light fitting to the ceiling.
The room benefits from two large storage cupboards and is warmed via a wall-mounted radiator.
There is ample space for a large double bed alongside a range of bedroom furniture, while the large double-glazed window, incorporating two top-opening sections, provides excellent natural light and ventilation.
Bedroom 2 (3.37m x 2.48m) Second double bedroom accessed via the first-floor landing, with carpeting to the floor, neutral décor to the walls and a pendant light fitting to the ceiling.
The room provides ample space for a double bed and bedroom furniture, including wardrobes and a desk with chairs, and is warmed via a wall-mounted radiator with trv.
A double-glazed window with opening section overlooks the rear elevation.
Bathroom (1.97m x 1.84m) Located to the rear of the property, the bathroom is fitted with a modern three-piece white suite comprising WC, wash hand basin and panelled bath with chrome fixtures and shower over.
Finished with tile-effect vinyl flooring, neutral décor and modern tiling to the splashback areas, with two spotlights and mechanical ventilation to the ceiling.
A wall-mounted radiator with trv provides warmth, while a frosted double-glazed window with opening section overlooks the rear elevation.
Rear Garden Accessed via French doors from the kitchen/diner onto a decked seating area, the west-facing rear garden has been designed for low maintenance, with artificial turf and secure perimeter fencing.
The decked area provides space for outdoor furniture and benefits from an external double socket.
There is also a large shed with power and multiple sockets, along with dedicated storage space for bins. A shared walkway provides access to the front of the property.
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
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FAQ
About 17 Elder Grove, Newcastle upon Tyne
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