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 · NE28 8RH
Sold STCListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
• GUIDE PRICE £65,000 - £75,000 • • TWO BEDROOM FIRST FLOOR FLAT • CHAIN FREE • WALKING DISTANCE TO TOWN CENTRE • • LOUNGE/ DINING ROOM • MODERN BATHROOM • CLOSE TO RICHARDSON DEES PARK • • PRIVATE SOUTH FACING YARD TO REAR • SOME UPDATING REQUIRED • COUNCIL TAX BAND A • • ENERGY RATING TBC • Entrance - Double glazed entrance door, stairs to the first floor accommodation.
Landing - Electric heater. Lounge Area - 3.95 x 3.94 (12'11" x 12'11") - Double glazed window, fireplace, electric heater. Dining Area - 2.78 x 2.25 (9'1" x 7'4") - Double glazed window, gas heater.
Kitchen - 2.37 x 2.08 (7'9" x 6'9") - Wall and base units with work surfaces over and sink unit, double glazed window, door to the rear stairs.
Bathroom - 2.28 x 1.81 (7'5" x 5'11") - Bath with shower head attachment, WC and wash hand basin with built-under storage, panelling to walls, double glazed window, ladder style radiator.
Bedroom 1 - 4.12 x 3.86 + bay (13'6" x 12'7" + bay) - Double glazed bay window, electric heater, built-in wardrobes. Bedroom 2 - 2.78 x 2.39 (9'1" x 7'10") - Double glazed window, built-in wardrobe.
External - Externally there is a private south facing yard to the rear.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit EE-Good outdoor and in-home O2-Good outdoor and in-home Three-UK-Good outdoor, variable in-home Vodafone-Good outdoor and in-home We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Surface water: Very low. Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
Important Information - This property is currently freehold a lease will need to be created for a new buyer,
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
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FAQ
About North Road, Wallsend
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