2-bedroom flat · NE63 9FA
Listing removedListed 233 days
Opportunity summary
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About
GROUND FLOOR APARTMENT - TWO BEDROOMS - SPACIOUS LOUNGE - SECURE ENTRY - ALLOCATED PARKING SPACE - MONTHLY RENTAL INCOME £600 - WELL PRESENTED THROUGHOUT - MUST BE VIEWED*** Pattinson welcomes to the sales market this spacious two bedroom ground floor apartment situated on Hindmarsh Drive within the Barley Rise development in Ashington, Northumberland.
A popular location which is situated by the Wansbeck Hospital with easy access into the town centre with an array of schools, shops, leisure facilities and travel links including the newly opened train station.
Warmed via gas central heating (combi boiler) and with Upvc double glazing throughout this well presented property is an ideal investment with a potential monthly rental income of £600.
Early viewings are essential to avoid disappointment. Briefly comprising; secure intercom entry to the front of the building leading to a communal hallway and stair well.
The apartment begins with an entrance hallway leading to the main hallway, lounge, kitchen, two bedrooms and bathroom.
Externally lawned garden areas to the front and to the rear allocated parking and bin stores.
EPC Rating B Council Tax Band: A Tenure: Leasehold Length Of Lease: 110 Front External Communal Hallway Via main access door into the building.
Lounge 4.36m x 4.09m Window to front, wood effect flooring, two radiators. Kitchen 2.5m x 2.57m Window to side.
Fitted with a range wall, floor and drawer units with wood effect worktops and tiled splashbacks, stainless steel sink and drainer with mixer tap, integrated electric oven with gas hob, tiled flooring, radiator.
Bedroom One 2.57m x 3.3m Window to side, radiator. Bedroom Two 2.73m x 2.23m Window to side, radiator.
Bathroom 1.49m x 2.56m Fitted with a three piece white suite which includes a panelled bath, wash hand basin, w.c. Partially tiled walls, vinyl flooring, radiator.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Hindmarsh Drive, Ashington, Northumberland, NE63 9FA
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