Summary -
152a Hawthorn Road,ASHINGTON,NE63 9BG
NE63 9BG
2 bed 1 bath Flat
Immediate income with redevelopment potential for cautious investors.
• Two-bedroom flat above a ground-floor shop, freehold
• Long-term tenant in situ, producing £5,952 pa gross income
• Approx. 667 sq ft; compact internal layout
• Street/on-street parking only; limited external space
• Area classed as very deprived; consistent rental demand
• Likely attractive to investors/developers, high gross yield (~9.9%)
• Buyers Premium applies on sale; verify exact fees
• Essential checks: EPC, gas/electrical, tenancy paperwork, survey
A compact two-bedroom flat above a ground-floor shop on Hawthorn Road, offered freehold and currently let to long-term tenants. The property produces a gross annual rent of £5,952, giving a high single-digit gross yield against the £60,000 asking price. The flat is an established buy-to-let with excellent mobile signal, fast broadband and street parking — practical features for lettings in a town location.
Externally the mid-terrace has a narrow road-fronting retail frontage and only limited forecourt/parking; external space is minimal and there appears to be no rear garden. The accommodation totals around 667 sq ft and is described as average-sized internally. The area is classified as very deprived locally, which helps support rental demand but may limit owner-occupier resale values.
This is a clear investor/developer opportunity: long-term tenants are in situ and currently paying rent, and the property could suit a landlord seeking immediate income or a buyer looking to explore conversion or refurbishment options (subject to planning). Important checks remain: obtain the full Let Property Pack, EPC, gas and electrical certificates, tenancy agreement, council tax band, and confirm any management/maintenance liabilities.
Buyers should note some material downsides. The building is in a challenged local area, external space is small, and the listing notes a Buyers Premium will apply on sale. A physical inspection and survey are recommended to confirm condition and any required remedial work before purchase.
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