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4 bed pair of flats to buy in NE63

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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
  
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 
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Bedroom 2
Bedroom
Study
Living
Living 2
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Kitchen
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Bathroom
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Floor Plan
 

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