Modern Method of Auction
Auction date not yet published
1-bedroom flat · NE63 9RA
For saleReduced £5k (−16.7%) on 8 JulListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Presenting an exceptional opportunity for investors, this one-bedroom ground floor flat is perfectly situated in an ideal location, offering immediate income potential with a current tenancy in place generating £314 per calendar month.
The property benefits from double glazing and efficient heating, ensuring comfort throughout the year.
Set in a sought-after area with excellent access to local amenities, shops, and transport links, this flat is ideally positioned for tenants and owner-occupiers alike, making it a standout choice for those seeking convenience and connectivity.
With its current tenancy in place, this property represents an ideal investment opportunity, offering immediate returns and the potential for future growth.
Offered for sale by auction, this is a rare chance to secure a well-maintained flat in a popular location with proven rental demand.
Don’t miss your opportunity to add this impressive property to your portfolio or to step onto the property ladder with a ready-made income stream.
Contact our office today to arrange a viewing or to find out more about the auction process.
This is a highly attractive proposition that is sure to generate significant interest, so early enquiry is strongly recommended.
Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. Entrance Via Double glazed door. Lounge (3.78m x 4.57m) Double glazed window, radiator, storage cupboard. Kitchen (3.40m x 4.57m) Double glazed window, radiator.
Bedroom (3.40m x 4.57m) Double glazed window, radiator. Bathroom Bath, storage cupboard, low level wc, wash hand basin, radiator.
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 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.
Area
Agent & docs
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FAQ
About 108 College Road, Ashington
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