Summary - 72 Castle Terrace NE63 9JH
3 bed 1 bath Terraced
Three‑bed mid‑terrace with immediate rental income and off‑street parking.
Tenant in situ paying £650 pcm (immediate rental income)
Gross yield approximately 9% at the asking price
Three bedrooms, two reception rooms, family bathroom
Small paved front yard; enclosed rear yard with off‑street parking
EPC rating C; Council Tax Band A (lower running costs)
Area: very deprived with very high local crime — affects demand
Property dated 1930s–1940s; glazing install date unknown
Small plot and average internal space; limited expansion potential
Set on Castle Terrace in Ashington, this mid‑terrace three‑bedroom house offers a straightforward buy‑to‑let opportunity or an affordable starter home with scope for improvement. The property is let at £650 pcm, giving a strong gross yield (around 9% at the asking price) for investors seeking immediate income. Accommodation includes two reception rooms, a compact modern kitchen and a family bathroom over two floors.
The house is a traditional 1930s‑1940s red‑brick mid‑terrace with double glazing and gas central heating to radiators. Outside there is a small paved front yard and an enclosed rear yard that provides off‑street parking for one vehicle — useful in a street where parking can be constrained. Council Tax Band A and an EPC rating of C help keep running costs lower.
Buyers should note material negatives: the area is classified as very deprived with very high local crime rates, which may affect tenant demand and long‑term capital growth. The property is sold with a tenant in situ (income currently £650 pcm); vacant possession would require notice and re‑letting costs. Some fixtures, fittings and services have not been tested and the glazing install date is unknown, so a buyer should budget for a full inspection and minor updates where needed.
Overall this is a pragmatic purchase for an investor wanting immediate rental return or for a buyer prepared to refurbish and trade up. The property’s size and small plot limit expansion potential, but its location within walking distance of the town centre and local amenities keeps it practical and easily managed.
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