Summary - 12 MYRTLE STREET ASHINGTON NE63 0AP
3 bed 1 bath Terraced
Immediate rental income with scope for value-adding refurbishment.
Chain-free freehold mid-terrace with tenant in situ
A straightforward, chain-free mid-terrace offering in Ashington with tenant in situ and immediate rental income. The property is freehold, sits on a small plot and was built in the early 20th century; double glazing and gas central heating are already in place. Current rent of £450pcm produces an approximate gross yield of about 7.7% at the asking price of £70,000, making it an attractive cashflow purchase for a landlord.
The interior is dated and will benefit from modernization—living areas and kitchen show mid-20th-century fittings and cosmetic wear. There is one bathroom and three bedrooms over two floors, providing standard-sized rooms suitable for family tenants or sharers. Broadband speeds are fast and mobile signal is excellent, supporting long-term rental demand.
Be candid about the location: the wider area is very deprived with very high crime levels, and the terrace is in a challenged neighbourhood. These factors affect resale values and management requirements but are reflected in the price and rental return. The property can be sold with the tenant in place, offering immediate income, or vacated for refurbishment and capital uplift.
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