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See how verdicts work5-bedroom terraced house · NE63 0AU
For saleListed 31 days
Opportunity summary
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About
Auction Commencing on Monday 12th October at 1pm and ending 23 hours later on Tuesday 13th October around 11am with Auction House North East Please register to bid via our website - auctionhouse.co.uk ortheast MIXED USE INVESTMENT OPPORTUNITY IN ASHINGTON VIEWINGS AVAILABLE UPON REQUEST Description 60, 60A & 62 Myrtle Street represents an exciting opportunity to acquire a substantial investment comprising of vacant retail premises adjoined by a vacant 5 bedroom house/flat, ideally suited to investors, landlords and developers looking for a project with extensive scope to add value.
The property offers a range of potential uses and provides an excellent opportunity for refurbishment and improvement.
Depending on the purchaser's requirements and any necessary planning or statutory consents, there may be potential to enhance the existing accommodation, develop the retail premises, or reconfigure the layout or create a stronger rental investment.
It would benefit from modernisation and refurbishment throughout, allowing a purchaser to put their own stamp on the accommodation and potentially increase both rental income and capital value.
Located within an established residential setting in the heart of Ashington, Myrtle Street benefits from its proximity to local amenities and everyday facilities, with transport links providing access to surrounding areas.
The location also offers access to nearby employment, retail and leisure facilities, supporting high demand.
Tenure: See Legal Pack Important Notice to Prospective Buyers We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Administration Charge £3600 inc VAT payable on exchange of contracts.
60A Myrtle Street - Residential accommodation comprises: Entrance Hall And Stairs - Understair storage cupboard. Living Room - 3.55m x 4.88m (11'7" x 16'0") - Gas fire. One double radiator.
Kitchen - 5.01m x 2.97m (16'5" x 9'8") - UPVC double glazed window. Range of wall and floor storage units. Stainless steel single drainer sink unit. Central heating boiler. One radiator.
Access to rear yard. First Floor Landing - Bathroom One - 2.29m x 2.93m (7'6" x 9'7") - Panelled bath, pedestal wash hand basin and close coupled WC.
Bedroom One (Front) - 5.48m (max into alcove) x 3.83 (max) (17'11" (max - Fireplace. One radiator. Storage cupboard.
Bathroom Two - 2.62m x 2.93m (8'7" x 9'7") - Coloured suite comprising: corner bath, close coupled WC, pedestal wash hand basin and shower cubicle with electric shower. UPVC double glazed window.
Bedroom Two - 5.52m (max into alcove) x 3.82m (18'1" (max into a - One radiator. Side Landing - Leading to bedroom three. Bedroom Three - 3.1m (max) x 4.54m (10'2" (max) x 14'10") - One radiator.
Walk in wardrobe. Bedroom Four - 2.85m x 4.5m (9'4" x 14'9") - Bedroom Five - 2.72m (max) x 3.84m (8'11" (max) x 12'7") - One radiator. External - Rear yard. Garage - not accessible.
Lean to store room. 60 Myrtle Street - Former commercial premises. Rateable value £5,200 Tenure - Freehold.
Former Retail Area - 38.05m sq m (409.98m sq ft or thereabouts) (124'10 - Standard Information - These particulars are produced in good faith, and are set out as a general guide only, they do not constitute part or all of an offer or contract.
The measurements indicated are supplied for guidance only and as such must be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense.
No apparatus, equipment, fixtures, fittings or services have been tested and it is the buyer’s responsibility to seek confirmation as to the working condition of any appliances.
Fixtures and fittings that are specifically mentioned in these particulars are included in the sale, all others in the property are specifically excluded.
Photographs are produced for general information and it must not be inferred that any item is included for sale within the property.
Value & comps
No previous sales on record.
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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.
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