2-bedroom terraced house · NE63 0PN
Sold STCListed 197 daysAuction 29 Apr · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Online Auction - 29th of April 2026.
High-Upside Investment Opportunity 14-Day Completion Priced to Sell via Unconditional Auction Description FOR SALE BY UNCONDITIONAL AUCTION Buyer's Premium: £3,000 + VAT (payable on exchange) Deposit: 10% of purchase price (subject to a minimum of £8,000) Exchange: Immediate on the fall of the hammer Completion: 14 days Key Features Two-bedroom terraced property Freehold tenure Approx.
818 sq ft (76 m) Excellent investment opportunity Scope to add value through refurbishment Strong local comparable evidence Popular residential location Property Description A two-bedroom terraced property located within a well-established residential area of Ashington, offering a clear investment opportunity for buyers seeking a refurbishment project with strong upside potential.
The property is of standard construction for the area and provides well-proportioned accommodation extending to approximately 818 sq ft.
Internally, the property would benefit from modernisation, presenting an excellent opportunity to add value and improve rental or resale performance.
Investment Potential The property is being offered at a competitive guide price to encourage strong bidding interest.
Estimated market value: circa £77,000 Comparable properties in the area range between £60,000 £90,000 This presents a clear opportunity for capital growth through refurbishment and repositioning.
Important Notice & Disclaimer: The property is offered for sale by Unconditional Auction. Buyers must carry out their own inspections, surveys, searches and legal due diligence prior to bidding.
Town & Country Property Auctions North East has not inspected all parts of the property and has relied on information provided by the vendor and third parties.
No warranties or representations are given as to the condition, suitability or compliance of the property.
All information is provided for guidance only and must be independently verified by prospective purchasers and their professional advisers.
Tenure Freehold Legal Pack A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction.
To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit subject to a minimum of £8,000 and a £3,000 + VAT buyers premium and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date.
All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit.
To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.
To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion.
The legal pack is available to download free of charge under the LEGAL DOCUMENTS'.
Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 advisors 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
FAQ
About 49 Richardson Street, Ashington, Northumberland, NE63 0PN
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