2-bedroom flat · NE63 8QF
Listing removedListed 114 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented two-bedroom flat offers spacious and comfortable accommodation throughout.
The property comprises a welcoming entrance hallway, a bright and generous lounge, and a fitted kitchen with a range of wall and base units, integrated electric oven and hob, and space for additional appliances.
There are two well-proportioned bedrooms, with the principal bedroom benefiting from built-in storage, together with a modern family bathroom fitted with a white three-piece suite and mains shower over the bath.
Externally, the property enjoys a low-maintenance private garden and the added advantage of off-road parking. Early viewing is highly recommended to appreciate all this fantastic flat has to offer.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: FTTP Mobile Signal Coverage Blackspot: No Parking: Allocated parking space 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. Tenure 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 May 1985 Ground Rent: £10 per annum Service Charge: £0 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 12, Essex Close, Ashington
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