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 house · NE15 8TB
Sold STCListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One bedroom semi detached house with a spiral staircase from the lounge, ideal for a first time buyer, situated at Alverstone Close in Lemington Rise.
Benefitting from gas central heating and sealed unit double glazed windows.
Briefly comprising of a Living Area with a dual aspect to the front and side, laminate flooring and a spiral staircase to the first floor.
Kitchen with wall and base units, worktop surfaces, sink and drainer unit, tiled splash back, integrated appliances to include a washing machine, fridge , oven and gas hob with an extractor over.
To the first floor the Bedroom has a dual aspect to the front and side, laminate flooring, sliding door mirror wardrobes, two storage cupboard one of which houses the Combi boiler, laminate flooring and a loft hatch.
The Shower Room has a mains shower to the cubicle, low level w/c, vanity unit with a wash hand basin, heated towel rail, wall panels, spotlights to the ceiling and an extractor fan.
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
FAQ
About Alverston Close, Lemington Rise, Newcastle Upon Tyne
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