2-bedroom flat · NE63 9FA
SoldListed 337 daysAuction 11 Dec · ended
Opportunity summary
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About
For sale by auction 11th December 2025 at 12:00 £47,000 plus Vacant long leasehold two bedroom flat Location & Description Forming part of a purpose-built block and comprising a ground floor self-contained flat with an allocated parking space.
Located within the Barley Rise estate, close to Wansbeck Hospital, Queen Elizabeth Country Park and about 1 miles from the town centre/Ashington railway station.
Ashington lies about 17 miles north of Newcastle city centre. Accommodation Ground Floor Flat: 2 bedrooms, living room, kitchen, bathroom/toilet.
One allocated parking space Tenure Long Leasehold - 150 years (less one day) from 01.05.2004 at a current ground rent of £310.98 p.a. Subject to review every 10 years based on rpi.
Note Auction Surveyor: Robert Woolfe Contact: Offered vacant EPC Rating C
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
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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 35, Hindmarsh Drive, Ashington
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