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See how verdicts work3-bedroom bungalow · NE11 0BX
Sold STCReduced £20k (−8.7%) on 15 JulListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sylvester Properties are delighted to present to the sales market this three bedroom semi-detached bungalow located on Elmwood within the ever popular Lobley Hill, Gateshead.
This property has undergone extensive renovations throughout including full redecoration and extensions. Ready to move into, this property would make an ideal family home.
Lounge The lounge is open plan, leading effortlessly into the kitchen. This reception room is decorated to the same high standard as the remainder of the home with oak flooring and clean white walls.
Kitchen The newly installed kitchen is expansive, complete with ample dark green wall and base units as well as oak work benches.
This well equipped kitchen is finished with an eye level integrated oven and hob, stainless steel sink, five ringed hob and integrated dishwasher.
Decorated to a modern taste with a sky light to the ceiling, oak flooring as well as green tiled splash back and neutral walls.
Reception Room Two The second reception room is complete with a fully glazed ceiling, filling the space with natural light.
Bifold doors separate this space from the lounge, allowing for an ideal opportunity to create a separate dining room or office if desired.
Master Bedroom The master bedroom overlooks the front of the home, complete with grey carpets throughout, white walls with feature effect paneling. A bay style window completes this space.
Bedroom Two Bedroom two is a second double bedroom, decorated in the same neutral tones as seen in the master with grey carpets and clean cream walls with feature paneling.
Bedroom Three Bedroom three is a cozy single bedroom, but also serves idea use as a dressing room or at home office.
Bathroom The modern bathroom is complete with three piece white suite comprising of a WC, wash basin and walk in shower.
Decorated with grey marble effect flooring as well as light marble toned wall tiles.
External Externally, there is a paved low maintenance garden to the rear, complete with private fencing, a tasteful wooden pergola and BBQ area.
Important note to purchasers/tenants Making an Offer All offers must be supported with: A mortgage Agreement in Principle (if applicable) Proof of deposit and/or available funds Full details of your buying chain, including estate agents and solicitors Under Money Laundering Regulations, we must also see proof of id for all buyers before we can issue an offer acceptance letter or instruct solicitors.
Important Information We aim to provide accurate property details, but they do not form part of any offer or contract. Services and appliances have not been tested.
Photos, measurements, and floor plans are for guidance only and may not be exact. If you need clarification on anything, please contact us-especially if travelling a long distance to view.
For Buyers Any fixtures and fittings not listed should be confirmed with the seller directly. For Tenants Most properties have a minimum tenancy term-please ask the branch for details.
A security deposit of at least one month’s rent is required. Rent is paid monthly in advance. Tenants must insure their own belongings.
Tenants are usually responsible for all utility bills and Council Tax.
Referral Fees In accordance with the Estate Agents’ (Provision of Information) Regulations 1991 and the Consumer Protection from Unfair Trading Regulations 2008, we are required to inform you that we may receive referral fees for services offered to sellers and purchasers.
These may include: Conveyancing: We may receive an average referral fee of £100 + VAT. Surveying services: We may receive an average referral fee of £100 + VAT.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 20, Elmwood Gardens, Gateshead
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