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 bungalow · DH4 5QA
Listing removedReduced £10k (−5.9%) on 24 MayListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire this lovely 2-bedroom semi-detached bungalow in a highly sought-after area of Houghton Le Spring.
The property does need modernisation and updating throughout but has very high potential.
This property offers spacious, light-filled rooms, kitchen and bathroom, generous gardens and off-street parking with a garage making it ideal for downsizers, first-time buyers, or investors.
Upon entering, you are greeted by a bright and welcoming hallway that leads to the large reception room, two generously sized bedrooms both of which are filled with natural light and offer ample space for furniture and storage.
The lounge is spacious and airy providing a versatile layout for relaxing, entertaining, or family living with large windows enhancing the feeling of space and brightness throughout.
The kitchen is well-equipped offering practical storage, work surfaces and a layout that makes cooking a pleasure.
The bathroom is stylishly finished, functional and complements the overall quality of the property. One of the standout features of this home is its generous gardens.
The front garden adds to the property’s curb appeal while the rear garden provides a private outdoor space perfect for relaxing, entertaining or gardening.
Additional benefits include a driveway providing off-street parking and a garage, ideal for secure storage or a workshop.
Situated in a fantastic location, 9 Aireys Close is tucked away in a quiet cul-de-sac yet remains close to local amenities, shops, schools, and excellent transport links.
The combination of a peaceful setting, spacious accommodation and modern conveniences makes this bungalow a highly desirable property and a rare find in the current market.
Reception 3.38m x 4.86m Carpeted Flooring, UPVC Window, Fire Surround, Radiator Kitchen 2.15m x 3.27m Tiled Flooring, UPVC Window, UPVC Door, Wall and Base units, Stainless Steel Sink with Mixer Tap, Electric Hob with Oven and Extractor Fan, Radiator Bedroom 1 2.73m x 4.03m Carpeted Flooring, UPVC Window, Radiator Bedroom 2 2.7m x 3.19m Carpeted Flooring, UPVC Window, Radiator Bathroom 1.79m x 2.21m Vinyl Flooring, Panelled Walls, UPVC Window, W/C, Washbasin with Mixer Tap, Shower Cubicle with Thermostatic Shower, Towel Radiator EPC: TBC Council Tax Band: B, Sunderland Parking: Driveway & Garage Tenure: Freehold Material Information The following information should be read and considered by any potential buyers prior to making a transactional decision.
SERVICES: We are advised by the seller that the property has mains provide gas, electricity, water and drainage.
MAINTENANCE/SERVICE CHARGES- none WATER METER- No PARKING ARRANGEMENTS: Garage & Driveway BROADBAND SPEED: The maximum speed for broadband in this area is shown by inputting the postcode at the following link here> 618726fe30f982&utm_source=bing&utm_medium=cpc&utm_campaign=You%20Fibre%20%7C%20Broadband%20%7C%20Grouped%20campaign%20test&utm_term=how%20fast%20is%20my%20broadband&utm_content=Fast ELECTRIC CAR CHARGER- No MOBILE PHONE SIGNAL: No known issues at the property NORTH EAST OF ENGLAND- EX MINING AREA: We operate in an ex-mining area.
This property may have been built on or near an ex-mining site.
Further information can/will be clarified by the Solicitors prior to (truncated) Disclaimer Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustrative purposes only.
They have been prepared in good faith and they are not intended to constitute part of an offer of contract.
We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of any fixture or fittings.
Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked prior to agreeing a sale.
Viewing Arrangements To arrange an appointment to view this property, please contact us on . hours are : Monday to Friday 9.00a.m. to 5.00pm. / Saturday 9.00a.m. to 12.00pm.
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

FAQ
About Aireys Close, Houghton Le Spring, Tyne and Wear, Tyne and Wear, DH4
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