2-bedroom flat · NE63 9FA
Listing removedListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully presented two-bedroom first-floor apartment has been finished to a high standard throughout, offering stylish and contemporary living in a well-designed layout.
The bright and spacious lounge provides the perfect space for relaxing and entertaining, while the modern high-gloss kitchen is fitted with quality integrated appliances and solid wood work surfaces.
Both bedrooms are generously proportioned, with the principal bedroom benefiting from an attractive Juliet balcony, adding a light and airy feel.
The contemporary bathroom features a modern three-piece suite with shower over the bath and a heated towel rail.
Further benefits include a useful loft space, built-in storage, an attached garage, and a private parking bay, making this an ideal home for first-time buyers, professionals, or those looking to downsize.
Primary services supply Electricity: Mains Water: Mains Sewerage: Mains Heating: Mains Broadband: FTTP Mobile Signal Coverage Blackspot: No Parking: Garage/Parking bay 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: 85 years from 01/07/2026 Ground Rent: £155 every 6 months Service Charge: £600 per annum council tax band: A EPC rating: C
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 77, Hindmarsh Drive, Ashington
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