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 work3-bedroom house · NE15 7LF
No longer listedReduced £10k (−4.8%) on 4 SepListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Three bedroom semi detached house with no upper chain involved, situated on a corner plot within Norwood Road in South West Denton.
Benefitting from gas central heating and seal ed unit double glazed windows. Briefly comprising of an Entrance Hallway with laminate flooring and stairs to the first floor.
Open plan Lounge Diner with dual aspect Bow window to the front and French doors to the rear.
Kitchen with wall and base units, worktop surfaces, stainless steel sink and drainer unit, tiled splash back, laminate flooring, door to the rear, wall mounted Combi boiler, plumbed for washing machine, integrated electric oven and gas hob with an extractor hood over.
Landing with laminate flooring and a loft hatch.
Bathroom with a bath and separate shower cubicle which has an electric shower, wash hand basin, low level w/c, tiled walls and flooring, heated towel rails, ceiling panels with inset spotlights.
Bedroom 1 is to the front aspect and has fitted wardrobes, Bedroom 2 is to the rear aspect, Bedroom 3 is to the front aspect and also has fitted wardrobes.
Externally to the front there is a lawned garden which wraps round to the side where there is a driveway leading to a single garage, To the rear there is low maintenance Astroturf.
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 18, Norwood Road, Newcastle Upon Tyne
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