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 · SR8 4JA
Sold STCReduced £10k (−20%) on 21 JunListed 1710 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***excellent investment opportunity***current tenant paying £400PCM-long term***lease 125 years from April 2008 (approx 111 years remaining) *** service quarterley at £238.75*** external External to the property there is a designated parking space for the property.
Lounge/diner The lounge / diner has laminate wood flooring and also french doors to allow cool air into the property during the summer months.
Kitchen The kitchen has a number of wall and base storage units and an integrated cooker and hob.
Bathroom The bathroom has a white three piece bathroom suite incorporating a pedestal sink and hand basin, low level low flush w/c and also a bath.
There are tiled splash backs above the bath and also sink unit. Bedroom 1 Bedroom one has two double glazed windows and a gas centrally heated radiator.
Bedroom 2 Bedroom two also has a double glazed window, radiator. Bathroom has a white three piece bathroom suite incorporating a pedestal sink and hand basin, low level low flush w/c and also a bath.
There are tiled splashbacks above the bath and also sink unit.
Property particulars as supplied by Next2Move estate agents are set out as a general outline in accordance with the Property Misdescriptions Act (1991) only for the guidance of intending purchasers or lessees, and do not constitute any part of an offer or contract.
Details are given without any responsibility, and any intending purchasers, lessees or third parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
We have not carried out a structural survey and the services, appliances and specific fittings have not been tested.
All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings.
Gardens, roof terraces, balconies and communal gardens as well as tenure and lease details cannot have their accuracy guaranteed for intending purchasers.
Lease details, service ground rent (where applicable) are given as a guide only and should be checked and confirmed by your solicitor prior to exchange of contracts
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
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FAQ
About 16, Burdon Court, Horden, Peterlee
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