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 terraced house · NE9 7PH
Sold STCReduced £10k (−6.7%) on 25 OctListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Perfect Location! This two bedroom character property, offering modern finishes throughout, is nestled within the highly popular area of Victoria Terrace, Springwell Village.
Benefitting from two spacious bedrooms, amenities on the doorstep and a large storage outhouse to the rear, this property certainly is a gem! Viewings are a must!
Entrance Hall Enter through uPVC double glazed door into light and airy hallway with carpeted stairs leading to first floor, radiator, neutral walls and interanl doorway into the lounge.
Lounge 5.2m x 4.17m The spacious lounge features ample natural light form the large double glazed window looking out over the front aspect of the property, and features neutral walls, carpet flooring, storage cupboard and doorway into kitchen.
Kitchen 2.16m x 3.38m The good-sized kitchen features neutral base and wall units providing ample storage space and housing integrated hob, oven and extractor.
Sink with mixer tap, double glazed window, and space for fridge/freezer also features. Double glazed uPVC door leads out into the rear yard/lane.
Bathroom 1.65m x 2.4m The beautiful bathroom space offers neutral part-tiled walls, double glazed window, large double walk in shower, hand wash basin, w/c and towel rail/radiator.
Landing The landing offers a large double glazed window, carpet flooring, neutral walls and doors off to bedrooms.
Bedroom 2.2m x 2.26m The second double bedroom features neutral walls, radiator, large built in storage units, carpet flooring and double glazed window looking out over the front of the property.
Master Bedroom 4.55m x 2.95m The master bedroom is complete with plenty built in storage space, carpet flooring, neutral walls, double glazed window and radiator.
External To the rear, a private lane with shared access leads to private outhouse building for additional storage.
To the front, a private enclosed low maintenance garden leads down onto the private road with shared access.
Disclaimer DISCLAIMER Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it.
MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance.
If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation.
This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service.
PLEASE NOTE Please note that all sizes have been measured with an electronic measuring tape and are approximations only.
Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves.
We present these details of the property in good faith and they (truncated) Property Information The following information should be read and considered by any potential buyers prior to making a transactional decision.
We are advised by the seller that the property has mains gas, electricity, water and drainage.
MAINTENANCE/SERVICE CHARGES- No WATER METER- No PARKING ARRANGEMENTS: On Street BROADBAND SPEED: No issues reported by vendor.
The maximum speed for broadband in this area is shown by inputting the postcode at the following link here> Broadband Speed Checker - UK's No.1 Broadband Speed Test ELECTRIC CAR CHARGER- No MOBILE PHONE SIGNAL: No known issues at the property NORTH EAST OF ENGLAND- EX MINING AREA: We operate in an ex-mining area.
This property may have been built on or near an ex-mining site. Further information can/will be clarified by the Solicitors prior to completion.
The information above has been provided by the seller and has not yet been verified at this point of producing this material. There may be more information related to the sale of this (truncated)
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.
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 Victoria Terrace, Springwell Village, Gateshead, Tyne and Wear, NE9
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