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 work3-bedroom house · NE61 3AJ
Listing removedListed 219 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Signature North East is delighted to present this charming three-bedroom semi-detached home in the picturesque village of Ulgham, just a short distance from Morpeth.
Situated in a peaceful semi-rural setting, the property offers easy access to local shops, cafés, and scenic riverside walks along the River Wansbeck, while excellent transport links via the East Coast Main Line provide convenient travel to Newcastle upon Tyne.
Upon entering, you are welcomed into a hallway with a convenient ground floor W.C.
The living room offers ample space and features an ornamental log burner, with double doors opening into a versatile open plan family room overlooking the garden and neighbouring fields, where local wildlife can often be seen.
The kitchen/diner accommodates a dining table and is filled with natural light from sliding patio doors and skylights.
It features a central island with built-in wine cooler and basin, wall and base units, sleek worktops, and integrated appliances including a double oven, hob and fridge/freezer.
A utility room with sink and space for several appliances also provides further access to the rear garden and garage. Continuing your journey upstairs, you will find three bedrooms.
Bedrooms can accommodate double beds along with additional furnishings. With bedroom three offering a raised bed with storage and views over the garden and countryside.
Completing this level is a modern family bathroom, fitted with a bathtub, walk-in shower, hand basin and W.C.
Externally, the home boasts a generous rear garden, mainly laid to lawn with a decking area with awning that is perfect for outdoor seating and entertaining, all while enjoying pleasant views across the open fields.
To the front, the property benefits from off-street parking for two vehicles as well as a garage.
Living Room (5.36 x 3.54 (17'7" x 11'7")) Kitchen / Diner (6.72 x 3.56 (22'0" x 11'8")) Utility (3.05 x 2.42 (10'0" x 7'11")) Family Room (3.7 x 3.54 (12'1" x 11'7")) Wc (1.52 x 0.90 (4'11" x 2'11")) Bedroom One (3.33 x 3.54 (10'11" x 11'7")) Bedroom Two (3.55 x 2.33 (11'7" x 7'7")) Bedroom Three (3.54 x 1.93 (11'7" x 6'3")) Bathroom (1.8 x 3.55 (5'10" x 11'7"))
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
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
.png)
FAQ
About 15, Forge Estate, Morpeth
Explore nearby