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 semi-detached house · NE16 6DB
Listing removedListed 128 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within a cul-de-sac setting, this modern two-bedroom semi-detached home was constructed in 2019 and offers well-presented accommodation throughout.
The ground floor comprises an entrance porch leading into the living room, which benefits from stairs rising to the first floor and useful understairs storage.
To the rear of the property is a kitchen/diner fitted with a range of wall and base units, an electric oven and hob, and space for dining.
A cloakroom/WC and door providing access to the rear garden complete the ground floor accommodation. To the first floor are two double bedrooms, both featuring built-in storage.
The boiler is located within the storage cupboard of Bedroom Two. The family bathroom is fitted with a three-piece suite including a shower over the bath, vanity unit and part-tiled walls.
From the landing, a pull-down ladder provides access to a fully boarded loft space offering additional storage.
Externally, the property benefits from a small artificial lawn to the front and a double-width paved driveway to the side providing off-road parking.
The enclosed rear garden has been designed for ease of maintenance and features an artificial lawn, paved seating area and gated access to the driveway.
The property may appeal to a variety of purchasers including first-time buyers, downsizers and investors.
Based on local market evidence, similar properties have been advertised to rent in the region of £850 per calendar month.
Pickering Lodge Court is situated within the semi-rural village of Pickering Nook, on the outskirts of Burnopfield, offering a balance of countryside surroundings and everyday convenience.
The area is well placed for access to local shops, schools, healthcare facilities and recreational amenities within Burnopfield and the surrounding villages.
Nearby transport links provide connections to Newcastle, Gateshead, Consett and Durham, making the location suitable for commuters.
The property also benefits from easy access to open countryside, walking routes and a range of outdoor leisure opportunities within the Derwent Valley area.
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.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QRW260148/2
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 Pickering Lodge Court, Hobson, Newcastle upon Tyne, Durham, NE16
Explore nearby