2-bedroom flat · NE63 8DT
Sold STCReduced £5k (−6.7%) on 23 JunListed 175 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well-presented and spacious two-bedroom first floor flat in central Ashington close to local shops, schools and the train station.
The property consists of a large hallway with storage to the ground floor while to the first floor there is a modern fitted kitchen, a spacious lounge, shower room and two double bedrooms.
Externally you will find a good-sized garden. The property is being offered with no onward chain.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: Fttc Mobile Signal Coverage Blackspot: No Parking: Driveway Mining The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.
Confirmation should be sought from a conveyancer as to its effect on the property, if any. Leasehold. It is understood that this property is leasehold.
Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 125 years from 2002 Ground Rent: £10 per annum. Service Charge: £280 per annum Any Other Charges/Obligations – Building insurance premium £191 per annum.
Council tax band: A EPC rating: C
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.
Area
Agent & docs
FAQ
About 51, Elsdon Drive, Ashington
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