3-bedroom bungalow · NE39 2AT
Sold STCListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are delighted to welcome to the market this lovely three bedroom dormer bungalow on the quiet cul-de-sac of South View Bungalows, High Spen.
The property is very much ready to move straight in to and offers comfortable living throughout with en-suite shower, external garden room/office, detached garage and easy access to some beautiful woodland walks.
The semi-detached home benefits no onward chain and briefly comprises:- Entrance in to the fitted kitchen with integrated appliances and fitted wall & floor units, stylish three piece family bathroom WC with shower over the bath, two double bedrooms, and spacious lounge with bay window and an inglenook fireplace housing a log burner.
To the first floor, there is a further double bedroom with velux windows, walk-in wardrobe, eaves storage and modern en-suite facility.
Externally, there is a gated patio garden to the front with planting areas and a Southerly facing rear garden with lawned, patio and decking areas as well as that aforementioned garden house/office with log burner.
To the side of the property, the detached garage is located.
Location High Spen is a former mining village in the Metropolitan Borough of Gateshead, it offers an array of local amenities within the village itself including a primary school, convenience store, The Bute Arms pub and a micro pub called Wigs.
Further amenities can be found in nearby Rowlands Gill and further afield in Gateshead and Newcastle via trunk roads and bus routes.
IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate.
However, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Some of the imagery may have been enhanced by AI.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification or further information on any points, please contact us direct.
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 New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: B (Gateshead Council) Tenure: Freehold
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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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 South View Bungalows, High Spen, Rowlands Gill
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