2-bedroom bungalow · NE23 6EJ
Listing removedListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description This freehold two bedroomed semi-detached bungalow is offered for sale with no onwards chain.
The good-sized rooms benefit from gas combi heating, double glazing, and offer an easily maintained lifestyle on one floor.
Externally there is a single garage, driveway and garden to the rear which is paved and ideal for planting up a few tubs, offering a low maintenance option.
The area is well placed for easy access the excellent amenities in Cramlington and there is very good road access into the major centres of Tyneside, Northumberland and the coast.
Hallway: With radiator and cloaks cupboard. Bedroom one (front): With radiator and fitted robes. Bedroom two (front)_: With radiator. Shower room: With radiator, corner shower, wash basin and w.c.
Living room: Radiator. Decorative stone fireplace. (no flue). Patio doors. Kitchen: Radiator. Fitted units, nice outlook into patio garden. Door to garage. Outside: Gravelled garden to front.
Blockpaved driveway. Single garage. Patio garden to rear. Freehold: The bungalow is freehold. Any purchaser must have their solicitor confirm this prior to exchange of contracts.
Material information: The property is being sold as part of an estate by an executor who has no knowledge of the property from the previous owner.
We therefore are only able to provide the limited information made available to us.
We advise any prospective buyer to make their own enquiries regarding anything of importance to them and we will do our best to answer any questions.
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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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 8, Gresham Close, Cramlington
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