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 house · NE15 9SJ
Listing removedListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Two Bedroom Terraced House | Sought-After Location | Excellent Renovation Potential | Ideal for Investors or Buyers Looking to Add Value An excellent opportunity to acquire a two bedroom terraced house situated on Spencer Terrace in the sought-after area of Blucher, Newcastle upon Tyne.
The property is in need of updating and modernisation throughout, offering an exciting opportunity for purchasers looking for a home they can improve and personalise to their own taste.
With plenty of potential to add value, the property may also appeal to investors and developers seeking their next renovation project.
The accommodation offers well-proportioned living space and briefly comprises an entrance, living accommodation, kitchen, two bedrooms and bathroom.
Externally, the property benefits from outdoor space to the rear.
Spencer Terrace is conveniently positioned for access to local amenities and transport connections, while offering good links to surrounding areas and Newcastle upon Tyne.
With its popular location and scope for improvement, this property represents an excellent opportunity for a range of purchasers.
Early viewing is highly recommended to appreciate the potential on offer. Council Tax Band: A Tenure: Freehold
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){kind=logo}
FAQ
About 33, Spencer Terrace, Newcastle upon Tyne
Explore nearby
