Summary - 5 STAMFORDHAM COURT ASHINGTON NE63 8TH
2 bed 1 bath Flat
Ready-rented opportunity with allocated parking and a long lease close to amenities.
Long-term tenant in situ producing current gross income £6,480 per year
Estimated rental uplift to approx £8,400 at market rate
Allocated off-street parking included
Two bedrooms, triple-fixture bathroom, well-maintained condition
Small overall size: 614 sq ft (compact living space)
Leasehold: 105 years remaining
Located in a deprived area with high local crime rate
Buyer’s premium applies; review Let Property Pack for details
This well-maintained two-bedroom flat in Stamfordham Court is offered with a long-term tenant in situ, making it a straightforward buy-to-let addition. The property includes allocated off-street parking, a triple-fixture bathroom, and a 105-year lease, supporting immediate rental income without refurbishment work required.
Current gross income is £6,480 per year with demonstrable scope to increase to an estimated market level of £8,400, improving yield for a new owner. The building is modern, kept in good condition, and benefits from easy access to local amenities and reliable mobile signal — useful for tenant retention and marketing.
Buyers should note material considerations: the flat is small (614 sq ft) and sits within a deprived area with a high local crime rate, factors that can affect tenant demand and rental growth. The tenure is leasehold; 105 years remain. A buyer’s premium applies as part of the sale process — check the Let Property Pack for full tenancy details and costs.
This listing suits investors seeking an immediate income stream and a manageable asset to add to an investment portfolio. Review the Let Property Pack and tenancy paperwork to confirm rental terms and projected returns before committing.
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