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 bungalow · NE23 2QJ
For saleListed 25 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 16th November at 1pm and ending 23 hours later on Tuesday 17th November around 11am with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast TWO BEDROOM BUNGALOW Open house viewings: (No need to book) This well positioned two bedroom bungalow is situated within an established residential area of Cramlington, close to the town centre and a wide range of local amenities.
The property offers a good opportunity for buyers looking for a bungalow with scope for modernisation and improvement.
Cramlington provides excellent local amenities, with Manor Walks Shopping Centre, Cramlington Railway Station and Northumbria Specialist Emergency Care Hospital all within easy reach.
The area also benefits from good road and transport links, making the location attractive to both owner occupiers and investors.
The property is leasehold with approximately 45 years remaining on the lease, providing an opportunity for purchasers prepared to undertake the necessary lease considerations alongside any improvements required to the property.
Tenure: Leasehold EPC Rating: D Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
FAQ
About No. 49 Porchester Drive, Cramlington, Tyne and Wear NE23 2QJ
Explore nearby
