Summary - 3 Hindmarsh Drive NE63 9FA
2 bed 1 bath Flat
Affordable buy-to-let in a modern block with parking and low council tax.
Ground-floor apartment with communal secure entrance
This ground-floor two-bedroom apartment offers a compact, modern layout and is offered with no upper chain — appealing to investors seeking a quick purchase. Built between 2007–2011, the property benefits from double glazing, mains gas central heating and an allocated off-street parking space. The 560 sq ft footprint is economical to manage, and the 100-year lease provides long-term tenure security.
Financially the purchase price is low at £70,000, which supports investor returns, but buyers should budget for ongoing costs: an average service charge of £1,400 per year and a ground rent of £216. Council tax is very cheap, which helps running costs and tenant affordability. Broadband and mobile signals are average, and transport links and local amenities are convenient.
Be frank about the location: the local area shows high crime figures and very high deprivation, which can affect rental demand, voids and capital growth. The property itself is described in good condition and ready to let, but its small overall size and the communal entrance may limit appeal for some tenants. This unit is best suited to investors targeting affordable rental housing in Ashington or first-time buy-to-let portfolios.
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