2-bedroom bungalow · NE5 1SL
Sold STCReduced £5k (−2.6%) on 29 SepListed 60 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom semi detached bungalow with a conservatory, situated within a cul-de-sac on Gilmore Close in Chapel Park. Benefitting from sealed unit double glazed windows an ducted air heating system.
Briefly comprising of an Entrance Hallway with a storage cupboard and a loft hatch which has a pull down ladder to a boarded loft.
Lounge with patio doors leading to the Conservatory which overlooks the rear garden.
Kitchen with wall and base units, work top surfaces, stainless steel sink and drainer unit, tiled walls, electric oven and hob with and extractor over, laminate flooring, door leading to the Utility which has plumbing for a washing machine and a sink.
Bedroom 1 is to the front aspect and Bedroom 2 is also to the front aspect and has a storage cupboard.
The Shower Room has a walk in cubicle with an electric shower, panelled splash back, low level w/c, vanity unit with a wash hand basin ans tiled walls.
Externally to the front there is driveway parking and to the rear there is a low maintenance garden with paved and gravelled areas.
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
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FAQ
About 3, Gilmore Close, Newcastle Upon Tyne
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