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Mitchell Drive, Ashington, NE63 - Image 1
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Mitchell Drive, Ashington, NE63

North East

£160,000
Listed on 07/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1249 sqft

Description

This three-bedroom detached house situated in a desirable residential area presents a solid investment opportunity for those looking to create their ideal family home. Currently vacant and free from any chain, the property is ready for new owners who want to personalize their living space swiftly. The layout features a welcoming entrance hall that leads into a spacious lounge, alongside a separate dining area filled with natural light. The rear includes a modern kitchen that overlooks the garden, providing a practical setup for everyday life. On the upper floor, there are three generously sized bedrooms and a family bathroom, making this home suitable for families of varying sizes. While the property is livable as it stands, certain areas could benefit from modernization, allowing for personal touches that could significantly enhance its value. Additionally, the EPC rating of C offers the potential to reach B with some improvements, contributing further to efficiency and market appeal. The exterior features include a mature rear garden with established borders, perfect for outdoor entertaining or relaxation, as well as a driveway and single garage offering off-street parking and storage solutions. Conveniently located near essential transport links and reputable schools while being close to coastal amenities adds to its attraction. This house stands out as an excellent choice for buyers seeking both comfort and investment potential in a highly sought-after locale.

Investment Analysis

(NE63 area)

Below Market Value

This property is priced -4.1% below area average per sq ft

-4.1%
Potential saving
This Property
£128/sq ft
Area Average
£134/sq ft
Avg Rent (weekly)
£144
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£183,553
10% above area average per sq ft
Potential ROI
-0.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE63)

Area prices are rising by +11.6% over the last 12 months
3 year growth: 19.3%
5 year growth: 17.2%
Investment Disclaimer: Analysis based on NE63 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Mitchell Drive, Ashington, NE63
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE