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 work4-bedroom house · NE3 5SY
Listing removedReduced £10k (−2.3%) on 8 JulListed 190 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A superb 4 bedroom semi detached house located within Melton Park Gosforth.
The property has been much improved by the current owners and has been remodelled and extended to create a fabulous family home boasting in excess 1600 sq ft floor area.
It occupies a generous plot benefitting from sunny enclosed gardens to both the front and rear.
It also includes a garden conversion with en suite shower room, ample off street parking, and car charging point.
There are frequent transport links nearby as well as excellent schools within the area. The property is well positioned for access into central Gosforth as well as the A1 motorway.
Tenure: Freehold Council Tax Band: D EPC Rating: C Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Gas Broadband: Fibre Mobile Signal Coverage Blackspot: No Parking: 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.
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 3, Glamis Avenue, Newcastle Upon Tyne
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