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See how verdicts work3-bedroom terraced house · NE63 0PQ
Listing removedListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Signature North East welcomes you to this versatile shop and three-bedroom mid-terraced home, ideally located in the heart of Ashington.
Surrounded by local shops, green spaces, and just a short walk from Ashington train station, this property offers a fantastic opportunity for both commercial and residential use.
The commercial space features a spacious and stylish shop floor with large front-facing windows that flood the area with natural light, creating an inviting setting for a wide range of business types.
The layout offers great flexibility for displays, seating or retail use. Beyond the main area is a private kitchen with worktops, wall and base units, perfect for staff use.
A separate WC serves the commercial side, while fire escape doors provide access to the rear yard, enhancing safety and convenience.
Accessed via a separate entrance, the residential accommodation begins with a welcoming hallway leading into a well-equipped kitchen, fitted with bright wall and base units, sleek countertops, a dishwasher and five-ring double oven.
On the first floor is a spacious living room with large windows, ideal for relaxing or entertaining. From here, a spiral staircase leads to a mezzanine currently used as a home office.
Three bedrooms are also located on this floor, including two doubles, with the principal bedroom benefiting from an en-suite.
A modern family bathroom features a bathtub, a walk-in shower, a wash basin and WC. The second floor offers a spacious loft room currently used as an additional bedroom.
Externally, the home benefits from a well-maintained rear yard, perfect for outdoor furniture.
To the rear, there is also a triple garage and off-street parking allocated exclusively to the residential home, offering added convenience and secure storage.
Shop Floor - 7.15 x 6.05 (23'5" x 19'10") - Kitchen - 3.12 x 2.37 (10'2" x 7'9") - Wc - 2.37 x 1.39 (7'9" x 4'6") - Kitchen - 6.43 x 4.82 (21'1" x 15'9") - Living Room - 4.82 x 6.47 (15'9" x 21'2") - Mezzanine - 4.9 x 2.84 (16'0" x 9'3") - Bathroom - 2.59 x 3.12 (8'5" x 10'2") - Bedroom One - 4.74 x 4.43 (15'6" x 14'6") - En-Suite - 2.73 x 1.68 (8'11" x 5'6") - Bedroom Two - 3.1 x 4.45 (10'2" x 14'7") - Bedroom Three - 4.45 x 2.61 (14'7" x 8'6") - Loft Room - 7.85 x 5.08 (25'9" x 16'7") -
Value & comps
No previous sales on record.
Returns
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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 Milburn Road, Ashington
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