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 flat · NE28 6PL
Sold STCListed 63 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CHAIN FREE • SPACIOUS END TERRACE THREE BEDROOM FIRST FLOOR FLAT GREAT FIRST BUY OR INVESTMENT • CLOSE TO LOCAL AMENITIES AND TRANSPORT LINKS • METRO STATION WITIN WALKING DISTANCE • RENTAL INCOME APPROX £750 TO £800 PCM COUNCIL TAX BAND A • ON STREET PARKING • 999 YEAR PEPPERCORN LEASE FROM 18.06.1990 ENERGY RATING C Entrance - Compsite door opening to inner lobby and stairs to first floor landing.
First Floor Landing - Access to Lounge and Bedrooms. Lounge - 4.31 x 2.29 max (14'1" x 7'6" max ) - Open plan Lounge/Kitchen. Doubkle glazed window, radiator and laminate flooring.
Kitchen - 3.23 x 1.92 (10'7" x 6'3" ) - Open plan from lounge.
Fitted with range of modern floor and wall units with complimentary work surfaces, breakfast bar, sink unit, built in oven and induction hob with overhead extractor hood, plumbing for washing machine and laminate flooring.
Access to bathroom and door with stairs leading to rear yard. Bathroom - 2.98 x 1.99 (9'9" x 6'6") - Comprising: WC, wash hand basin, bath with overhead shower, double glazed window and radiator.
Bedroom One - 4.30 into bay x 3.81 max (14'1" into bay x 12'5" m - Front Elevation. Double glazed bay window, laminate flooring and radiator. Bedroom Two - 3.14 x 2.84 (10'3" x 9'3") - Rear Elevation.
Double glazed window, laminate flooring and radiator. Bedroom Three - 2.25 x 2.24 (7'4" x 7'4" ) - Front Elevation. Double glazed window, laminate flooring and radiator.
External - To the front there is on street parking. To the rear there is a small enclosed yard.
Material Information - BROADBAND AND MOBILE: At the time of marketing we believe this information is correct, for further information please visit Various factors can affect coverage, such as being close to large trees or buildings when outdoors, or the thickness of walls if you’re inside a building.
This means there may be differences between the coverage prediction and your experience.
EE - Good outdoor and in-home O2-Good outdoor Three - Good outdoor and in-home Vodafone - Good outdoor We recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
FLOOD RISK: Yearly chance of flooding: Rivers and the sea: Very low. CONSTRUCTION: Traditional This information must be confirmed via your surveyor and legal representative.
Leasehold - 999 year Peppercorn Lease from 18 June 1990. This infrmation must be confirmed with your conveyancer.
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.
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About Holly Avenue, Wallsend
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