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Chestnut Street, Ashington, NE63

North East

£50,000

Listed on 15/06/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom terraced property in Ashington is a promising project for both first-time buyers and seasoned investors. The property is currently offered with no upper chain and sale dependent on pending probate, presenting a unique opportunity for buyers looking to shape their new home from the ground up. It is clear that the interior requires comprehensive modernisation, making it an ideal canvas for those seeking to add value through renovation. The layout includes an entrance lobby leading to a spacious lounge, complemented by a rear internal lobby that provides storage space, a bathroom on the ground floor, and a kitchen equipped with an additional storage cupboard. Upstairs, two double bedrooms await—one being particularly large with built-in wardrobes, while the second offers versatility for various uses such as a guest room or home office. Externally, the property features a front garden located on a pedestrian-only street and convenient on-street parking is available at the rear. With its proximity to local amenities, shops, schools, and reliable transport links, this home holds tremendous potential for transformation into a desirable living space.

Investment Analysis

(NE63 area)
Area Average
£144/sq ft
Avg Rent (weekly)
£144
Avg Yield
4.3%

Renovation Potential

Heavy 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
35
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE63)

Area prices are falling by -5.4% over the last 12 months
3 year growth: -2.6%
5 year growth: +14.9%
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

Chestnut Street, Ashington, NE63
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£189
Based on a loan of £37,500 over 30 years at 4.45% 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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