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 · DH4 4PH
Sold STCReduced £15k (−5.3%) on 24 MayListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a fine example of a bespoke Detached Dormer Bungalow that has been extended and re-designed and now offers quality living that would allow anyone to be able to move in and just relax.
You are guided by double doors into a full length Conservatory that has rear access and sliding doors inviting you into the principal Reception Hall.
The Principal Lounge has two elevated bay windows and feature fireplace that has an inset wood burning stove.
This is now complemented by an open plan Living Area that includes a high quality Fitted Kitchen with a range of units, working surfaces and built in appliances as well as a sitting area and dining area and there is doors that lead out into the rear gardens.
The main bedroom is located on the first floor with fitted wardrobes and access into the loft void and this could be divided into 2 if required and is well served by the first floor Shower Room.
The Guest Bedroom also has fitted wardrobes and is very well served by the ground floor Family Bathroom, that also includes a walk-in Shower.
The enclosed front gardens have been dedicated to off-street parking which in turn leads to the attached garage and the rear gardens have been designed for ease of maintenance and includes artificial lawn, patio and raised flower borders.
Set in a popular and well served residential area with a wide choice of local shopping, schooling of all grades, health and leisure facilities all being close at hand.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QHO260077/2
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
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FAQ
About Ross Lea, Houghton Le Spring, Tyne and Wear, DH4
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