2-bedroom bungalow · NE34 6HR
Listing removedListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in one of the areas most sought after residential streets, this traditional two bedroom semi detached bungalow presents A rare opportunity to acquire A home with exceptional potential in A highly desirable location.
Offered for sale with no onward chain, the property is ready for refurbishment, allowing purchasers to modernise and create A home tailored to their own style and requirements.
The adaptable accommodation briefly comprises A welcoming entrance hall, two reception rooms, two bedrooms, A kitchen, bathroom and separate W.C..
Externally there is A front garden with adjoining patterned concrete driveway leading to the garage and side gate providing access to the delightful south facing rear garden which enjoys an open aspect backing directly onto harton cemetery, offering A peaceful and private setting.
Properties of this style and location are seldom available, and with its excellent position, generous potential and highly desirable south facing garden, early viewing is strongly recommended as high demand is anticipated.
Entrance Lobby/Hall Upvc double glazed front door, laminate flooring, inner door opening in to the hall with laminate flooring, radiator, built in meter cupboard.
Lounge (Front) (3.88m (12' 9") x 3.78m (12' 5")) Stone fireplace surround with electric fire, fitted carpet, radiator, upvc double glazed bay window, vertical blinds.
Dining Room (Rear) (3.88m (12' 9") x 3.78m (12' 5")) Wooden fireplace surround with electric fire, fitted carpet, radiator, upvc double glazed bay window, vertical blinds.
Kitchen (3.67m (12' 0") x 2.42m (7' 11")) Wood style fitted wall/floor units incorporating single drainer stainless steel sink unit with mixer tap, complementary inset wall tiling, built in oven/gas hob/overhead extractor hood, radiator, wood flooring, Ideal Logic gas combination central heating boiler, upvc double glazed window, upvc double glazed back door, venetian blinds.
Bathroom (2.10m (6' 11") x 1.73m (5' 8")) Panelled bath with overhead shower fitment, pedestal wash hand basin, fully tiled walls, vinolay flooring, radiator, upvc double glazed window, venetian blinds.
Separate W.C. Low level suite, part tiled walls, vinolay flooring, upvc double glazed window. Bedroom No.
1 (Front) (3.56m (11' 8") x 3.39m (11' 1")) Fitted carpet, radiator, upvc double glazed window, vertical blinds. Bedroom No.
2 (Side) (2.71m (8' 11") x 2.33m (7' 8")) Fitted carpet, radiator, upvc double glazed window, vertical blinds.
Exterior The property has a front garden and adjoining patterned concrete driveway leading to the garage which measures some 5.86m x 2.58m and has power, light and up and over door.
To the rear, a delightful south facing garden features a paved patio, outside tap, lawn, and mature trees and shrub borders, creating a private outdoor space.
Value & comps
No previous sales on record.
Returns
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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 52, Readhead Road, South Shields
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