Beatrice Street, Ashington

North East

£22,500

Listed on 25/04/2026

Property Details

Bedrooms

Type

Ground Flat

Description

This two-bedroom ground floor flat in Ashington presents a compelling opportunity for investors looking to tap into the rental market. The property offers a practical layout that includes a spacious lounge/diner, kitchen, bathroom, and two bedrooms. While it features gas central heating and partial uPVC double glazing, it is in need of modernisation, making it an ideal candidate for refurbishment that can significantly enhance both rental income and capital appreciation. The shared rear yard adds additional outdoor space, suitable for tenant enjoyment. Located conveniently close to local amenities, schools, and public transport links ensures strong demand from potential tenants. This flat's renovation potential paired with 'no upper chain' makes it a noteworthy addition to any investment portfolio.

Investment Analysis

(NE63 area)

Area Average

£146/sq ft

Avg Rent (weekly)

£150

Avg Yield

4.6%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£15,000 - £25,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

15%

Properties sold annually

Local Market Trend (NE63)

Area prices are stable by +1.0% over the last 12 months

3 year growth: +2.9%

5 year growth: +17.1%

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

Beatrice Street, Ashington

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments

£80

Based on a loan of £16,875 over 30 years at 3.91% 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.