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 · NE5 3RE
Listing removedListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by online auction on Tuesday, 22 Sep 2026 ending at 11:47 Spacious two-bedroom freehold bungalow requiring full refurbishment, offering excellent value-add potential and sold with vacant possession.
Offered to the market with vacant possession, this deceptively spacious two-bedroom freehold bungalow presents an excellent opportunity for investors, developers and owner-occupiers looking to create a superb home.
Requiring a programme of refurbishment throughout, the property offers generous accommodation extending to approximately 84 sq. M (904 sq. Ft.), providing fantastic scope to add significant value.
Similar refurbishment opportunities remain popular due to the potential to modernise and reconfigure to suit individual requirements.
Open house viewings (no need to book) Friday 4th September - 1pm-1:30pm Friday 11th September - 9am - 9:30am The accommodation briefly comprises an entrance porch leading to a foyer and central hallway, a spacious living room, separate dining area opening to the kitchen, two substantial double bedrooms and a family bathroom.
Externally, the property benefits from enclosed front and rear gardens, with the rear offering excellent potential to create an attractive outdoor space.
Conveniently positioned within a well-established residential area, the property is close to a range of local amenities, schools, shops and supermarkets, with excellent transport links providing easy access into Newcastle city centre and the surrounding road network.
A fantastic refurbishment project with excellent potential, offered freehold and sold with vacant possession.
Tenure: Freehold EPC Rating: G Portrait Video Tour False Additional Fees Administration Charge - £3,600 inc vat payable upon the fall of the virtual gavel Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
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
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FAQ
About 6. Chessar Avenue, Newcastle upon Tyne
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