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 terraced house · NE48 3LJ
Sold STCListed 143 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming two-bedroom period cottage situated in the heart of the rural village of Wark.
The property is entered via a front porch leading into a charming lounge, featuring an inglenook fireplace with a multi-fuel stove and an open staircase rising to the first floor.
The kitchen is fitted with a range of units and provides access to the rear garden. To the first floor, there are two bedrooms and a bathroom comprising a bath, WC, and wash hand basin.
To the rear, there is a delightful garden area, located across a shared access yard serving the terrace.
The property occupies one of the most desirable positions within the village, overlooking the village green and set back from the road, offering a pleasant sense of privacy.
Wark is a charming and highly regarded Northumberland village set in the scenic North Tyne Valley, surrounded by open countryside, woodland and river landscapes.
It offers a peaceful rural lifestyle with a strong sense of community, while still providing everyday amenities including a village shop, primary school, pub and medical services.
Well placed for access to Hexham and the wider region, Wark appeals to those seeking a quiet countryside setting with excellent walking, outdoor pursuits and unspoilt natural surroundings, making it a desirable location for both permanent residence and second homes.
SERVICES Mains electricity, water and drainage are connected. Heating is sourced from a muli-fuel stove in the living room supplemented by an immersion heater.
CHARGES Northumberland County Council tax band B.
REFERRALS In accordance with the Estate Agents' (Provision of Information) Regulations 1991 and the Consumer Protection from Unfair Trading Regulations 2008, we are obliged to inform you that this Company may offer the following services to sellers and purchasers from which we may earn a related referral fee from on completion, in particular the referral of: Mortgages and related products our commission from a broker would be £100.00 incl VAT for Mortgages and £50 inc VAT for Insurances, however this amount can be proportionally clawed back by the lender should the mortgage and/or related product(s) be cancelled early.
WAYLEAVES, EASEMENTS AND RIGHTS OF WAY The property is being sold subject to all existing wayleaves, easements and rights of way, whether or not specified within the sales particulars.
VIEWINGS Viewings are strictly by appointment. Please contact the Hexham office to arrange a viewing.
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
FAQ
About North Terrace, Wark, Hexham, Northumberland, NE48
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