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 · NE29 7DJ
For saleReduced £5k (−4%) on 21 JunListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fabulous two bedroom upper flat located in this sought after residential street, close to local schools, bus routes, shops, amenities, excellent transport links to the City Centre and A19 North and South and within a ten minute drive to the beautiful coastline.
This property would make the perfect purchase for first time buyers or investors.
Entrance hallway, stairs to the first floor where you are welcomed to a bright and airy landing, fabulous sized lounge with feature gas fire and alcoves.
Fitted kitchen with integrated appliances, two bedrooms, one with a storage cupboard, family bathroom with electric shower over bath.
The property also benefits from a rear garden, garage and is offered with no onward chain!
Leasehold 999 years from 16th Dec 1988 remaining years 961, a peppercorn rent, EPC: D, Council Tax Band: A, Electricity, Water, sewerage, heating mains connected, broadband: FTTP, Mobile coverage blackspot: No Mining: The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity.
The North East region is famous for its rich mining heritage and 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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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.
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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
FAQ
About 192, Verne Road, North Shields
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