265 Rosalind Street, Ashington, Northumberland, NE63 9AZ

Description

The property provides practical accommodation and potential for buyers looking to personalise or improve a home to suit their own requirements. Its layout may appeal to those seeking an investment property or an affordable home in an established residential location.

Accommodation

Practical accommodation; the listing identifies the property as a two bed house.

Location

Conveniently located within Ashington, the property is within reach of local shops, schools and everyday amenities. Ashington town centre and the wider range of facilities available in the surrounding area are easily accessible, with road links and local transport connections providing access to neighbouring towns and Newcastle.

Tenure / Property Information

Investment Analysis

Recent same-street Land Registry sales range from £48,500 to £80,000. The two most recent sales, 253 Rosalind Street at £66,000 and 251 Rosalind Street at £68,000, support a base market value of approximately £68,000, subject to differences in condition and tenancy. The £65,000 lower guide is broadly aligned with recent evidence, while the £90,000 upper guide exceeds the two latest comparable sales. No condition-specific adjustment can be quantified.

Investment Snapshot

Strategy Recommendation

Proceed only with substantial due diligence on the tenancy, rent, condition and legal costs. At the lower guide, the price is near recent comparable evidence, but the stated charges and lack of rental data make this unsuitable for an underwritten BTL, BRRR or flip without further information.

Works Required

No specific defects or measurable refurbishment requirements are provided. Allow for inspection and verification of the existing condition, tenancy position and any buyer-identified improvements before bidding; no works budget is supportable from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £68,000, 75% refinancing is approximately £51,000. This is below the £65,000 lower guide before the £3,600 admin charge, buyer premium, other fees and any works, so the available evidence does not support a compelling BRRR outcome.

Buy-to-Let Analysis

The property is tenanted, but no passing rent, tenancy terms or sufficiently specific rental comparables are supplied. BTL yield, affordability and cash flow therefore cannot be established. The £3,600 including VAT admin charge and unspecified buyer premium would add to acquisition costs.

Flip Analysis

A base GDV of approximately £68,000 is supported by the two latest same-street sales. However, works, acquisition costs beyond the stated admin charge, buyer premium and selling costs are not fully quantified, so a reliable flip surplus cannot be calculated. The upper guide of £90,000 appears unsupported by the latest comparable evidence.

Investor Risks & Due Diligence

• Passing rent and tenancy terms are not supplied, preventing rental yield and cash-flow assessment.

• Property condition and any required refurbishment are not quantified.

• Buyer premium and other additional auction costs are unspecified.

• The £90,000 upper guide is above the two most recent same-street completed sales at £66,000 and £68,000.

• Tenanted status may affect possession, inspection access and resale strategy.

Recommendation

Proceed only with substantial due diligence on the tenancy, rent, condition and legal costs. At the lower guide, the price is near recent comparable evidence, but the stated charges and lack of rental data make this unsuitable for an underwritten BTL, BRRR or flip without further information.

Strategy Rating

Analysis Confidence

Recent same-street completed sales provide useful market evidence, but rent, tenancy terms, condition, works, buyer premium and several transaction costs are unavailable.