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 work3-bedroom terraced house · NE29 8EE
Listing removedListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* Video Tour on our YouTube Channel | * A well-presented three-bedroom, end-link property situated within a modern and sought-after new development Paddock way, in North Shields.
Offered for sale under North Tyneside Councils Affordable Housing Scheme. This property is being marketed at 70% of the current market value.
There are set criteria which prospective purchasers will be required to satisfy.
Ideally positioned within the popular Preston Grange area, the property offers convenient access to a wide range of local amenities, including nearby Morrisons and further shopping and leisure facilities in North Shields and Whitley Bay.
Well suited to families, the area is served by a choice of well-regarded schools, while local bus services and the Tyne and Wear Metro provide excellent connections across the region.
The attractions of North Shields, Tynemouth and Whitley Bay are also within easy reach, offering a variety of shops, cafés, restaurants, and leisure opportunities.
The property offers spacious and contemporary accommodation throughout and briefly comprises - a welcoming entrance hallway with storage, lounge with dual aspect windows, a convenient downstairs WC, and a modern kitchen/dining room with French doors opening directly onto the rear garden, creating an excellent space for both everyday living and entertaining.
To the first floor are three well-proportioned bedrooms together with the family bathroom WC. Further benefits include gas central heating and double glazing.
Externally, the property benefits from two allocated parking spaces to the front and an enclosed rear garden, with a patio and lawn, providing an attractive outdoor space for relaxation and entertaining.
For more information and to book a viewing, please call our team on . Tenure The agent understands the property to be freehold. However, this should be confirmed with a licenced legal representative.
Council Tax Band: B Lounge - 4.49 x 2.93 (14'8" x 9'7") - Kitchen Dining Room - 3.60 x 5.07 (11'9" x 16'7") - Bedroom One - 2.76 x 4.29 (9'0" x 14'0") - Bedroom Two - 2.76 x 3.14 (9'0" x 10'3") - Bedroom Three - 3.71 x 2.25 (12'2" x 7'4" ) -
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
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FAQ
About Paddock Way, North Shields
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