Summary - 188a Hawthorn Road NE63 9AU
2 bed 1 bath Flat
Chain-free lot with long lease and immediate rental potential near local shops.
- Two bedrooms, first-floor flat with simple three-room layout
- Chain-free and sold via online auction (fees apply)
- Very long lease: 966 years (peppercorn)
- Potential rent approx. £495 PCM (seller estimate)
- EPC rating D
- Exterior underinvestment: roof, drainage and external damage noted
- Interior dated: basic kitchen, lino floors; needs decorating/modernising
- Located in a very deprived area; affects resale and rental market
A compact two-bedroom first-floor apartment offered chain-free and sold via online auction. The property benefits from a very long lease (966 years), gas central heating and double glazing, and is close to Ashington town centre and local amenities. Broadband speeds are fast and mobile signal is excellent, supporting immediate rental use.
This is an investment-style opportunity: EPC D and the seller estimates potential rental income of around £495 pcm. The flat is average-sized (approx. 825 sq ft) with a straightforward layout—entrance stair, lounge, galley kitchen, two bedrooms and a bathroom—making it suitable for letting to local tenants once basic works are completed.
Material drawbacks are clear and factual. The building shows signs of underinvestment externally (small windows, flat roof, external damage and drainage issues) and interiors are dated in places (basic kitchen, lino flooring). The area is classified as very deprived and local demand profiles indicate hampered aspiration; this affects resale prospects and rental yields. Sale is by auction and fees apply.
For an investor looking for a low-price entry into the local market, this flat offers a long lease and immediate let potential after remedial works. For owner-occupiers seeking a finished home in a higher-amenity location, this property will require time and budget for updating and external repairs.
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