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 house · NE23 6HL
Listing removedListed 138 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a popular and well established residential area, this spacious two bedroom mid link villa offers an excellent opportunity for a first time buyers looking to step onto the property ladder or young family seeking a home close to schools, parks and local amenities.
Perfectly positive within walking distance of Alexandra Park, Hareside school, the Learning Village and Cramlington Town centre, the property combines convenience with comfortable family space.
The accommodation is bright and well proportioned throughout, featuring a generous living room with large picture windows providing plenty of natural light, a fitted kitchen with integrated cooking appliances, two double bedrooms and family bathroom with separate WC.
Outside, the property enjoys a sunny south facing rear garden, ideal for children to play safely or summer entertaining. A private driveway and brick built garage provide valuable off and storage.
Freehold Council Tax B EPC Rating D Entrance Porch Radiator Living Room (5.49m (18'0") x 4.88m (16'0")) Two double radiators, picture windows with fitted louvre b;onds Rear Hall With staircase and storage cupboard under, double radiator Kitchen (2.59m (8'6") x 3.17m (10'5")) Fitted with a range of beech base and wall units with drawers and cupboards, laminate worktops, built in cooker with stainless steel gas hob and electric oven, stainless steel sink unit with mixer tap, concealed Baxi gas fired combi central heating boiler First Floor - Landing Built in cupboard, loft hatch Bedroom 1 (2.54m (8'4") x 3.99m (13'1")) Built in wardrobe, radiator Bedroom 2 (2.54m (8'4") x 3.99m (13'1")) Radiator Bathroom White coloured panelled bath and pedestal wash basin, Triton electric shower over, glazed shower screen, built in cupboard, radiator, fully tiled walls Separate WC With Low level wc Externally To the rear of the property which faces south, a garden, driveway and brick built Garage.
Tenure Freehold
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
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FAQ
About 55, Coltpark Place, Cramlington
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