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See how verdicts work2-bedroom bungalow · NE42 6DF
Listing removedListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the picturesque village of Ovingham, this charming bungalow presents a unique opportunity for those seeking a tranquil retreat by the riverside.
With two bedrooms and a reception room, this property offers a cosy yet functional living space, perfect for individuals or small families looking to escape the hustle and bustle of city life.
The bungalow features a wooden chalet design, adding a rustic charm that complements its serene surroundings.
Although the property is currently off-grid, it boasts a water upstand, providing a foundation for future enhancements.
The inviting lounge is equipped with a wood-burning stove, creating a warm and welcoming atmosphere, ideal for relaxing evenings after a day spent exploring the beautiful local area.
While the property is in need of complete renovation, it presents a blank canvas for those with a vision to transform it into their dream holiday home.
The potential for personalisation is immense, allowing you to create a space that reflects your style and preferences. Parking is available for two vehicle, ensuring convenience for residents.
The lovely riverside location enhances the appeal of this bungalow, offering stunning views and a peaceful environment, perfect for nature lovers and those who appreciate the beauty of the outdoors.
In summary, this bungalow in Ovingham is a rare find, combining a desirable location with the potential for renovation.
Whether you are looking for a weekend getaway or residency from March - October, this property is brimming with possibilities. Don’t miss the chance to make it your own.
Entrance Porch / Storage (4.47 x 1.41 (14'7" x 4'7")) Entrance door to porch and door to chalet.
Hallway (1.03 x 1.45 (3'4" x 4'9")) Wooden floor Lounge (2.95 x 3.29 (9'8" x 10'9")) Wood burning stove, timber floor, spotlights Bedroom One (2.44 x 2.90 (8'0" x 9'6")) Window to side.
Bedroom Two (1.92 x 2.89 (6'3" x 9'5")) Window to side Dressing Room (1.53 x 1.99 (5'0" x 6'6")) Windows to both front and side Kitchen (4.21 x 1.70 (13'9" x 5'6")) Two windows to rear with open aspect views, gas cooker, stainless steel sink and drainer with mixer tap.
Bathroom (1.69 x 1.66 (5'6" x 5'5")) WC, plumbing for shower, pedestal wash hand basin, laminate walls. Garden Decking to rear and paved pathways, log storage, hard standing for motor bike.
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
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
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FAQ
About Shangrala, 92, Ferry Landings, Ovingham
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