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 · DH3 2JB
Listing removedReduced £10k (−5.9%) on 18 JulListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire this spacious family home, pleasantly situated on an ever popular residential estate and offering well proportioned accommodation.
Boasting an open aspect, low maintenance style garden to the front, an enclosed garden to the rear and the added benefit of a single garage located within a nearby block, this property is sure to appeal to a wide range of buyers.
Offering excellent potential, the home provides a blank canvas for purchasers to personalise and create a home tailored to their own tastes and requirements.
The versatile accommodation is ideal for first time buyers and young families alike.
The ground floor features a generous open plan lounge and dining area with dual aspect windows, creating a lovely welcoming living space, perfect for both everyday family life and entertaining.
A modern fitted kitchen is complemented by a practical utility area, adding further convenience.
To the first floor, a spacious landing leads to three well proportioned bedrooms and a family bathroom, providing comfortable accommodation for growing families.
Offered for sale with no onward chain and conveniently located for local amenities, schools and transport links, this well positioned home offers excellent potential.
Early viewing is strongly recommended to fully appreciate all that this property has to offer.
Entrance Hall (3.62m x 2.07m) Lounge (4.94m x 3.67m) Dining Area (3.51m x 2.71m) Kitchen (3.51m x 2.70m) Utility Room (2.48m x 2.03m) Bedroom One (4.08m x 3.56m) Bedroom Two (4.09m x 2.81m) Bedroom Three (2.92m x 2.70m) Bathroom (2.90m x 1.65m) Property Information Local Authority: Gateshead Flood Risk: This property is listed as currently having very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this.
Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Virgin and Sky - Basic, Superfast, Ultrafast Mobile Network Coverage: EE, Vodafone, Three, O2 Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Recording Devices Please be aware that some properties may be equipped with CCTV, video doorbells, or other recording devices (including internal audio/video surveillance) for security purposes.
While viewings are conducted in private homes, we ask that all attendees respect that the property owner may choose to monitor or record access to their home.
If you have any concerns regarding this, please speak to a member of our team prior to your appointment.
We have advised all vendors that any recording during viewings should be disclosed and used strictly for personal purposes only, in accordance with data protection and privacy laws.
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
FAQ
About 22 Mingarry, Chester Le Street
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