Myrtle Street, Ashington

North East

£145,000

Listed on 17/07/2026

Property details

Bedrooms

Type

Terraced

Features

Garden

Description

This property on Myrtle Street in Ashington offers a unique investment opportunity with significant potential for transformation. Encompassing both retail premises and a spacious five-bedroom residential unit, it presents flexibility for various commercial or residential applications. Located conveniently near the town center, it benefits from easy access to amenities and transport links, making it ideal for redevelopment. With planning consent and creative vision, this property could be reshaped into a vibrant living space or thriving business entity. The residential section features multiple bedrooms and bathrooms with existing basic amenities, while the commercial area awaits your renovation ideas. The entire unit is offered with vacant possession, allowing for immediate investment potential.

Investment analysis

(NE63 area)

Area Average

£140/sq ft

Avg Rent (weekly)

£149

Avg Yield

4.8%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£50,000 - £100,000

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

20%

Properties sold annually

Local Market Trend (NE63)

Area prices are falling by -3.7% over the last 12 months

3 year growth: -4.5%

5 year growth: +14.5%

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.

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Location

Myrtle 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 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£548

Based on a loan of £108,750 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.