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 work4-bedroom house · NE23 3JB
Sold STCListed 250 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A substantial detached Dutch style bungalow occupying a mature site approaching a quarter of an acre, to the north east of Cramlington close to the Spine Road around a mile from the town centre.
This mature property offers spacious accommodation with the majority of space on the ground floor and a living room / bedroom with shower room on the first floor accessed via a spiral staircase.
Externally there are mature gardens the main part facing south, with a patio garden at the rear, a block paved drive with space for upto six cars and a detached prefabricated double garage.
No upper chain Freehold Council Tax Band - D EPC Rating - E Main Living Room 6.78m (22'3") x 3.58m (11'9") Natural brick chimney wall with inset fireplace and living flame gas fire, tv point, three radiators, bay window overlooking the south facing garden, wrought iron spiral staircase leading to the first floor accommodation.
Dining Room 5.00m (16'5") x 3.61m (11'10") Radiator, double glazed French doors to the patio garden.
Bathroom White suite of panelled bath with shower fitting, pedestal wash hand basin and low level wc set, radiator, partly tiled walls.
Kitchen - Breakfast Room Extensive range of light oak base and wall units with drawers and cupboards, laminate worktops, sink unit with mixer tap, electric cooker point, plumbing for washing machine and dishwasher, two radiators, wall mounted Worcester gas fired combi central heating boiler, laminate flooring Inner Hall Leading to bedrooms and shower room Bedroom One 4.34m (14'3") x 3.73m (12'3") Built in wardrobes, double radiator, wall light fittings, bay window overlooking the south facing garden Bedroom Two 3.66m (12'0") x 3.35m (11'0") Double radiator, built in wardrobes, double glazed french doors to the patio garden Second Inner Hall Leading to: Bedroom Three 2.87m (9'5") x 2.74m (9'0") Radiator Shower Room Shower compartment with glazed screen, mains rain shower and flexible spray, pedestal wash basin, radiator, electric extractor fan, fully tiled walls, tiled floor First Floor Lounge - Study Fourth Bedroom 5.18m (17'0") x 4.95m (16'3") Pine clad walls, exposed beams, built in storage cupboards Shower Room Shower compartment with electric shower, wash basin and low level wc, electric extractor fan Externally The site extends to approximately one quarter acre.
The main garden area, which is lawned with mature borders and hedging, faces south. To the north and west there is hand landscaped patio garden, again, very mature with a variety of trees and shrubs.
On the east side, there is a block paved area with space for around six cars and a Detached Double Garage ( prefabricated structure ). 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
FAQ
About The Bungalow, Albion Terrace, Cramlington
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