properties for sale
4 bed pair of flats to buy in NE63
Property Sales
Currently Available
We're delighted to present this new residential investment opportunity for your consideration as a valuable addition to your investment portfolio.
4 bed pair of flats to buy in NE63
An ideal investment opportunity comprising two spacious two-bedroom flats, both sold with long-standing tenants in place.
The ground floor flat is currently let at £465 PCM, while the first floor flat is currently let at £440 PCM, with a £15 PCM rent increase already in place to begin November 2026.
Both flats are well maintained and benefit from gas combination boiler heating, with accommodation including good-sized living areas, kitchens, bathrooms and two bedrooms.
The property is freehold and also benefits from a garage to the rear, accessible from the yard attached to the ground floor flat.
A ready-made investment with established tenants already in occupation, ideal for landlords looking to add to an existing portfolio.
Purchase Price - £125,000
25% Deposit - £31,250
Stamp Duty - £6,250
Discovery & Processing Fee - £3,995 + VAT (£4,794)
Legals - £1,600 (approx.)
Mortgage Fees - £1,000 (approx)
Total - £44,894
Income Figures
Current Rent - £920pm
75% Mortgage @ 5.49% - £429pm
Insurance - £50pm
Property Management - £129pm
Net profit - £312pm
And here are the comparable links:
- 27 Park View Ashington
- 28 Park View Ashington
As you can see there is scope for the rents to increase and buying as a pair saves considerable money given the individual values.
With Savills’ predicted growth rate for this area of 23.9% in the next 4 years, and with it being a key hotspot for growth & commercialism, an investor will witness healthy capital appreciation in the years to come!
✅ Turnkey Solution with Tenant in Situ
✅ Current Rent Gross Yield 8.83%
✅ 23.9% capital appreciation predicted in next 4 years
✅ Below Market Value Freehold Opportunity
