2-bedroom flat · NE63 8HR
Under offerListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary An ideal investment opportunity comprising two spacious two-bedroom flats, both sold with long-standing tenants in place.
The ground floor flat is currently let at 465 pcm, while the first floor flat is currently let at 440 pcm, with a 15 pcm rent increase already in place to begin November 2026.
Both flats are well maintained and benefit from gas combination boiler heating, with accommodation including good-sized living areas, kitchens, bathrooms and two bedrooms.
The property is freehold and also benefits from a garage to the rear, accessible from the yard attached to the ground floor flat.
A ready-made investment with established tenants already in occupation, ideal for landlords looking to add to an existing portfolio.
Council Tax Band: A Tenure: Freehold Lounge (4.31m x 4.24m) Spacious lounge with front-facing window and radiator.
Dining Room / Bedroom Two (3.4m x 4.2m) Good-sized room with window, door to rear external and radiator. Bedroom One (2.39m x 2.98m) Bedroom with window and radiator.
Kitchen (2.11m x 2.76m) Fitted with a range of wall and base units, work surfaces, sink and drainer, gas hob and space for appliances.
Shower Room Fitted with a shower enclosure, wash hand basin and WC. Garage (2.26m x 5.59m) Up and over door, side door, power and light.
Landing Carpeted flooring and radiator Lounge Diner (3.51m x 4.21m) Spacious lounge and dining area with window and radiator.
Master Bedroom (4.01m x 4.27m) Large double bedroom with window and radiator. Bedroom Two (2.35m x 3.01m) Bedroom with window and radiator. Kitchen.
(2.17m x 2.38m) Fitted with a range of wall and base units, work surfaces, sink and drainer and space for appliances.
Bathroom (2.28m x 2.82m) Bath with shower above, wash hand basin and WC, double glazed window & radiator.
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
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 27/28, Park View, Ashington
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