Summary - Green Lane, Ashington, Northumberland, NE63 NE63 8EH
2 bed 1 bath Flat
Two-bedroom Ashington flat with immediate rental income and refurbishment potential.
Long-term tenants in situ, consistent rental payments
This two-bedroom leasehold flat on Green Lane is offered with long-term tenants in place, producing a current annual gross income of £5,400 (≈ £450 pcm). At the asking price of £67,500 this equates to an approximate gross yield of 8.0%, making the property a straightforward addition to a buy-to-let portfolio. The home includes a small private front garden and on-street parking in a largely residential neighbourhood with good local amenities and transport links.
The property is average in size (approximately 764 sq ft) and constructed in mid-20th-century brickwork. Internally the layout provides lounge, kitchen, two bedrooms, bathroom and a service area. Tenants have occupied the flat for several years and indicate intention to remain, which supports immediate rental income but limits vacant-possession opportunities for a buyer seeking to refurbish before re-letting.
Important practical points: the tenure is leasehold and sale terms include a buyer's premium. External images and description indicate a property with some scope for light modernisation to increase future rental value, but the listing material is limited — a full inspection, up-to-date floorplan and detailed condition report are recommended before purchase. No flood risk is recorded and local crime levels are low.
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