42 Seventh Row, Ashington, Northumberland, NE63 8HX

Description

A traditional terraced property situated on Seventh Row in Ashington currently tenanted with approx. £425pcm rental income, with scope to increase. Offering an excellent opportunity for investors, landlords or owner occupiers looking for their next property purchase. The ground floor accommodation comprises a spacious lounge, fitted kitchen and separate downstairs bathroom. To the first floor are two good sized bedrooms, providing practical living space. Externally, the property benefits from a rear yard. Conveniently located within an established residential area of Ashington, the property is within reach of local shops, schools and everyday amenities, with transport links providing access to the surrounding towns and wider Northumberland area. An appealing opportunity to acquire a two bedroom terraced property in a convenient Ashington location, offered for sale by auction.

Accommodation

Ground floor: spacious lounge, fitted kitchen and separate downstairs bathroom. First floor: two bedrooms. Externally: rear yard.

Location

Situated on Seventh Row in Ashington, within an established residential area and within reach of local shops, schools, everyday amenities and transport links to surrounding towns and the wider Northumberland area.

Tenure / Property Information

Investment Analysis

The five supplied Land Registry comparables on the same street sold for £115,000–£127,000 between May 2024 and October 2025. As bedroom counts and condition are not supplied, a precise adjustment is unavailable. A supported base GDV estimate is £125,000, with a comparable-based range of £115,000–£127,000. The auction guide represents a substantial discount to these completed sales, subject to tenancy, legal-pack and condition checks.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a cash-flow-focused BTL or BRRR purchase only if the tenancy, rent, legal pack and condition are satisfactory. The lower guide is materially below the supplied same-street sales, but bidding should reflect the current £425 pcm rent and unknown costs.

Works Required

No specific defects or refurbishment requirements are evidenced. The property should be inspected and the kitchen, bathroom, heating, roof, structure and tenant-maintained condition verified before bidding. Any works allowance remains unquantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £65,000 lower guide plus the known £3,600 admin charge, the analysed cost is £68,600 before any unquantified works or other auction costs. At a base GDV of £125,000, 75% refinance is £93,750, implying a theoretical £25,150 excess over these known costs. This is not a guaranteed outcome: valuation, lender criteria, tenant position, finance costs, legal costs and refurbishment requirements are unconfirmed.

Buy-to-Let Analysis

At the stated current rent of approximately £425 pcm, annual rent is £5,100 and the gross yield is approximately 7.85% on the £65,000 lower guide or 7.43% including the £3,600 admin charge. Nearby advertised two-bedroom rents of £575–£650 pcm indicate possible upside, but these are asking rents rather than achieved rents. Net yield cannot be established because finance, maintenance, voids, insurance, tax and other fees are not supplied.

Flip Analysis

The same-street completed sales support a base GDV of £125,000. Against the £65,000 lower guide and £3,600 admin charge, there is a £56,400 gross difference before any refurbishment, selling costs, finance, tax and other auction charges. A reliable flip surplus cannot be calculated because works and selling allowances are unsupported.

Investor Risks & Due Diligence

• Current rent of approximately £425 pcm is below the supplied advertised asking rents of £575–£650 pcm; any increase is unverified.

• The supplied comparable sales do not state bedroom counts or condition, limiting precise GDV adjustment.

• Additional auction, legal, search, transfer and seller-cost charges are unspecified.

• No condition, repair or refurbishment cost evidence is provided.

• Refinance at 75% of GDV is an assumption and is not guaranteed by a lender or valuer.

• Tenancy terms, arrears, deposit position and vacant-possession prospects are not supplied.

Recommendation

Potentially suitable for a cash-flow-focused BTL or BRRR purchase only if the tenancy, rent, legal pack and condition are satisfactory. The lower guide is materially below the supplied same-street sales, but bidding should reflect the current £425 pcm rent and unknown costs.

Strategy Rating

Analysis Confidence

Strong same-street completed-sale evidence and a stated current rent are available, but comparable bedroom counts, property condition, tenancy terms, legal-pack costs, selling costs and achieved market rent are not supplied.