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 · NE7 7XJ
For saleReduced £25k (−7.7%) on 20 OctListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Viewing comes highly recommended on this fabulous traditional double-fronted bungalow, occupying a secluded corner plot surrounded by mature gardens.
The property has been remodelled and fully modernised by the current owner, offering a range of high-quality modern fixtures and fittings throughout.
It is conveniently located within easy walking distance of local shops, amenities, and bus and Metro links. The property comprises an entrance hallway with hardwood flooring.
There is a generously sized sitting room featuring a bay window, original hardwood flooring, and a feature fireplace.
A superb open-plan dining kitchen incorporates a range of quality wall and base units with granite work surfaces and provides access to the conservatory and utility room.
There are two double bedrooms, one of which benefits from French doors leading to the rear garden. The property also features a quality fitted bathroom suite with a walk-in double shower.
A separate utility room provides access to the garage. Externally, the property is surrounded by mature gardens, with a secluded patio area to the rear and a driveway to the front.
Additional features include uPVC double glazing and gas-fired central heating.
Tenure: Freehold Council Tax Band: C EPC Rating: Tbc Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Gas Broadband: Tbc 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.
Agents note Please note that the aml fee covers the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
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
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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.
Area
Agent & docs
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FAQ
About 2, Manor Avenue, Newcastle Upon Tyne
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