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 flat · NE28 0LH
Sold STCListed 203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** SOUGHT AFTER LOCATION ** CLOSE TO LOCAL AMENITIES AND MAJOR ROAD LINKS ** ** TWO BEDROOM FIRST FLOOR FLAT ** METRO STATION SHORT WALK FROM PROPERTY ** ** COUNCIL TAX BAND A ** ENERGY RATING C ** OPEN PLAN LOUNGE/KITCHEN ** ** GARDEN - SEE ATTACHED PROPOSED PLANS ** 999 YEAR PEPPERCORN LEASE FROM 23.9.1994 ** Entrance - Double glazed door opening to small inner hallway and stairs to first floor Stairs To First Floor Landing - Access to loft, lounge, bathroom and bedrooms....
Lounge - 7.72 (into kitchen) x 3.86 (25'3" (into kitchen) x - Open plan Lounge/Kitchen, double glazed window radiator and log burner.
Kitchen - 7.72 (into lounge) x 2.09 (25'3" (into lounge) x 6 - opening rom lounge, double glazed window Bathroom - 2.72 x 1.53 (8'11" x 5'0") - Double glazed window, ladder style radiator, fully tiled, WC, wash hand basin and bath with overhead shower.
Bedroom 1 - 4.00 x 3.58 (13'1" x 11'8" ) - Double glazed window, radiator Bedroom 2 - 4.01 x 2.25 (13'1" x 7'4" ) - Double glazed, radiator, cupboard over stairs.
External - To the rear there is a low maintenance garden. There are proposed plans in place to charge ownership of garden. See proposed plan.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Broadband: Highest available Speeds: Download: 1800 Mbps Upload: 220 Mbps Mobile Indoor: EE - Limited Three - Likely 02 - Limited Vodafone - Limited Mobile Outdoor: EE - Likely Three - Likely 02 - Likley Vodafone - Likely We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Rivers and the sea: Low. Surface water: Very low. CONSTRUCTION: Traditional This information must be confirmed via our surveyor.
Value & comps
No previous sales on record.
Returns
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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.
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