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 work1-bedroom flat · NE40 4UZ
Listing removedReduced £15k (−27.3%) on 21 JunListed 272 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor apartment**lovely rear position**good sized garden**beautifully presented**no upper chain**immaculate**ideal first time buy or for investors**lovely location**one bedroom Discover this beautifully presented ground floor apartment, perfectly situated in a lovely rear position, offering a desirable living experience.
This immaculate property is an ideal opportunity for those seeking a first home or a promising investment.
Step inside to find a welcoming and bright reception room with two windows over looking your garden, providing a small but comfortable space for relaxation and entertaining.
The apartment features one single bedroom, offering a peaceful retreat, and a modern bathroom with a shower cubicle as well as a separate modern kitchen with integrated oven and ceramic hob as well as including slot in fridge freezer and a washer dryer.
The bathroom and kitchen was only installed approximately 3 years ago. Offering a ready to move into apartment ideal for single people.
One of the standout features of this home is the good-sized private garden, presenting a wonderful outdoor space for enjoyment and gardening.
Additionally, the property benefits from off-street parking, adding to its practicality. Located in a lovely area, this apartment offers easy access to local amenities and transport links.
With no upper chain, this property is ready for its new owner to move straight in and enjoy. Services Mains electricity, mains drainage and mains water are connected. Gas central heating.
Tenure Leasehold - 120 years from 1/1/1981 = 75 years remaining, with potential to extend. Ground Rent is £37 twice per annum.
Council tax band: A directions WHAT3WORDS: Every three metre square of the world has been given a unique combination of three words.
///begins.card.detect referral fees 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: Conveyancing where typically we can receive an average fee of £100.00 plus VAT.
Surveying services we can typically receive an average fee of £100.00 plus VAT.
Mortgages and related products our average share of a commission from a broker is typically an average fee of £150.00 plus VAT, however this amount can be proportionally clawed back by the lender should the mortgage and/or related product(s) be cancelled early.
Removal Services we can typically receive an average fee of £60 plus of VAT.
Making an offer Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Agents note Whilst we endeavour to make our particulars accurate and reliable, they should not be relied on as a statement or representations of fact, and do not constitute any part of an offer or contract.
The owner does not make or give, nor do we or our employees have authority to make or give any representation or warranty in relation to the property.
We have not checked or tested any appliances mentioned (including heating systems or electrical fittings) therefore working order cannot be confirmed. All measurements are given to the nearest 5cm.
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 40, Mollyfair Close, Ryton
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