2-bedroom bungalow · NE15 8TA
For saleReduced £10k (−4%) on 26 AugListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom detached bungalow with a newly refitted kitchen and bathroom, situated within a cul-de-sac on the popular location of Lemington Rise.
No upper chain involved and benefitting from gas central heating and sealed unit double glazed windows.
Briefly comprising of an Entrance Hallway with laminate flooring, Lounge with a Bow window to the front, feature fireplace and laminate flooring.
Kitchen with wall and base units, worktop surfaces, stainless steel sink and drainer unit, integrated electric oven and gas hob with an extractor hood over, integrated fridge, plumbed for a washing machine, laminate flooring, door to the side access.
Shower room which has a walk-in double shower with paneled splash backs, vanity unit with a wash hand basin, low level w/c, laminate flooring, tiled walls and a heated towel rail.
Dining Room with laminate flooring and patio doors onto the Conservatory which has tiled flooring and doors onto the rear garden.
Bedroom 1 has fitted wardrobes, there is a further bedroom to the side aspect with laminate flooring and fitted wardrobes.
Externally to the front there is a lawned garden and driveway parking for up to 3 cars, leading to a single garage via an up and over door.
To the rear there is a private and enclosed garden with lawn and paved areas which enjoys a Westerly aspect.
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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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 89, Aldeburgh Avenue, Newcastle Upon Tyne
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