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 · NE23 6JB
Sold STCReduced £5k (−4.5%) on 26 OctListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity for investors, first-time buyers and downsizers alike, this well-presented property benefits from an extended lease together with the added advantage of no service charge and a peppercorn ground rent.
Ideally suited to a range of purchasers, the property offers low running costs and represents a fantastic purchase for those looking for a home or investment alike.
Situated on Winshields, Cramlington, the area offers convenient access to both the A1 and A19.
It is home to Manor Walks Shopping Centre and the newly developed Cramlington Hospital, and benefits from strong bus connections to the city centre and nearby towns.
The accommodation on offer comprises; entrance with stairs lead to the first-floor landing.
From the spacious landing there is access to a living room, new grey gloss kitchen with appliances, two bedrooms with built in wardrobes and a fitted bathroom.
Refurbishment also includes new kitchen to include washer/dryer & fridge/freezer, full decoration, new flooring throughout and blinds. Externally, there is a garage located in a separate block.
The property also benefits from electric heating, new switches, USB sockets and UPVC double glazed windows. Viewings are highly recommended for this property.
N.B Any clients interested need to be made aware that the owner of this property is connected to Mansons Property Consultants. Property Entrance Stairs to first floor landing, cloaks cupboard.
Lounge 3.46m ( 11'5'') x 4.54m ( 14'11'') Kitchen 2.63m ( 8'8'') x 2.05m ( 6'9'') Grey high gloss wall & floor units with laminate marble effect worktops, sink with drainer and mixer tap, integrated electric oven, hob, overhead extractor canopy, freestanding washer/dryer and freestanding fridge freezer.
Bedroom One 2.71m ( 8'11'') x 3.66m ( 12'1'') With two built in double wardrobes.
Bedroom Two 2.70m ( 8'11'') x 2.96m ( 9'9'') With built in double wardrobes Bathroom 2.06m ( 6'10'') x 1.69m ( 5'7'') White suite with tiled walls, bath with overhead rainfall shower shower, wash hand basin, WC and storage cupboard housing the water tank.
External On street parking, gravelled area and path leading to front door with access to bin storage space.
Additional Information We have been advised by the vendor of the following information:- The tenure of this property is: Leasehold Lease length: 127 year remaining Ground Rent: Peppercorn.
Service Charge: None Council Tax band: A EPC Rating: D Broadband Checker: Please use the Open Reach website checking service. Mobile Coverage: Please use the Ofcom website checking service.
Flooding Checker: via the Gov UK website. If you are purchasing this property as an investment property to rent out, the current minimum energy efficiency rating is E.
However from April 2030, the minimum required energy efficiency rating for a rental property will be C.
N.B Any clients interested need to be made aware that the owner of this property is connected to Mansons Property Consultants. Garage Garage in separate block with up and over door.
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
Agent & docs
FAQ
About Winshields, Cramlington,
Explore nearby
