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 semi-detached house · NE5 1SJ
For saleListed 10 daysAuction 29 Oct · in 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For Sale by auction - Live online Auction 29th October 2026 – Option 2 Situated on Glebe Close in Chapel Park, this semi-detached family home is offered to the market with no onward chain and presents an excellent opportunity for buyers looking to modernise and add their own personal touch.
The accommodation briefly comprises an entrance hall with access to the kitchen, integral garage, and a spacious open-plan lounge/dining room, featuring sliding patio doors opening onto the rear garden.
To the first floor, there are three well-proportioned bedrooms and a four-piece family bathroom. Externally, the property benefits from low-maintenance gardens to both the front and rear.
The front garden provides off-street parking for two vehicles and gives access to the single integral garage, while the enclosed rear garden offers a private outdoor space with minimal upkeep required.
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence.
The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell.
The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer.
Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+VAT (total £2400) Auction Administration Fee.
Joint Agents: The Agents Property Auction Ltd. Tel .
Terms and conditions apply see PRIMARY SERVICES SUPPLY Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: Fibre to Premises Mobile Signal Coverage Blackspot: No Parking: Garage Driveway MINING The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. TENURE Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 999 years from 1st June 1970 Ground Rent: £20 per annum COUNCIL TAX BAND: C EPC RATING: TBC Hall Storage cupboard, door to garage, stairs to first floor and under stair storage cupboard.
Lounge Area 13' 4'' Max x 11' 6'' Max (4.06m x 3.50m) Double glazed window to the front, and ducted air vents.
Dining Area 10' 1'' x 9' 10'' (3.07m x 2.99m) Double glazed sliding doors leading to the rear garden.
Kitchen 9' 4'' Max x 8' 1'' Max (2.84m x 2.46m) Fitted with a range of wall and base units with work surfaces over, splash back tiles, 1 ½ bowl stainless sink with mixer tap and drainer, plumbing for an automatic washing machine, tiled flooring and a double glazed window to the rear.
Landing Double glazed window to the side, loft access and cupboard housing boiler.
Bedroom One 11' 0'' x 10' 6'' Plus fitted wardrobes (3.35m x 3.20m) Double glazed window to the front and fitted wardrobes.
Bedroom Two 10' 11'' Plus recess x 8' 5'' Plus fitted wardrobes (3.32m x 2.56m) Double glazed window to the rear and fitted wardrobes.
Bedroom Three 8' 8'' x 6' 8'' (2.64m x 2.03m) Double glazed window to the front.
Shower Room/W.C Fully tiled four-piece shower room fitted with a low-level W.C, pedestal wash hand basin, walk in bath, shower cubicle and a double-glazed window to the rear.
Externally Front Garden Double block paved driveway providing off street parking with gravel area to side. Rear Garden Low maintenance enclosed rear garden with gravel and paved seating area.
Garage Up and over door, power and lighting, double glazed window and door leading to the rear garden.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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

FAQ
About Glebe Close, Chapel Park
Explore nearby