Katherine Street, Ashington, NE63 9DN

Property Overview

A pleasant two-bedroom mid-terrace house in central Ashington, close to local shops and schools.

• Address: Katherine Street, Ashington, NE63 9DN
• Property type: Two-bedroom house – mid terrace
• Tenure: Freehold
• Guide price: £45,000+

Accommodation

The property briefly comprises a large living room, fitted kitchen with integral appliances including a dishwasher, and a downstairs bathroom. To the first floor are two good-sized bedrooms, with fitted wardrobes to the master bedroom. Externally, there is a small front garden and a rear yard.

Location

Located in central Ashington, close to local shops and schools.

Tenure & Key Information

• Tenure: Freehold
• EPC: D
• Council Tax: Band A
• Services: Mains-provided gas, electricity, water and sewerage
• Occupancy: Not supplied

Auction & Buyer Charges

• Auction date: 30th September 2026
• Buyer premium: Not supplied
• Auction administration charge: £2,000 + VAT, total £2,400
• If using a referred North East-based solicitor from the auctioneer’s panel, the auctioneer would receive a referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480).

Investment Analysis

HB estimates only: HB estimated GDV is £44,190, subject to unknown condition, specification and occupancy. The five same-street completed sales range from £39,000 to £60,000, with a simple average of £44,190 and a median of £40,000. The £60,000 sale is an apparent upper outlier.

• HB estimated rent range: £350–£575 pcm. These are advertised asking rents, not achieved or passing rents.
• HB estimated gross yield range: 8.86%–14.56%, calculated on the £45,000 guide plus the £2,400 administration fee, before finance, repairs, voids, management and other costs.
• HB maximum bid: £42,000.

HB’s strategy is to bid cautiously and not exceed £42,000, subject to legal pack review and confirmation of condition, possession and any property-specific costs. At £42,000 plus the £2,400 administration fee, the purchase cost before other costs is £44,400, broadly aligned with the completed-sales evidence.

Sold Comparables

Supplied HM Land Registry sold data:

Rental Evidence

The following is advertised rental evidence only and should not be treated as achieved or passing rent:

• Katherine Street, Ashington, NE63 – £575 pcm advertised asking rent. Bedroom information was not supplied. Source: Lennon Properties.
• Two-bedroom houses to rent in Katherine Street, NE63 – £350 pcm advertised asking rent. Source: HousesForSaleToRent.

Auctioneer estimated rent: Not supplied.

Strategy & Risks

• HB recommends a maximum bid of £42,000, subject to legal pack review and confirmation of condition, possession and property-specific costs.
• Property condition and refurbishment requirements are not supplied, so no refurbishment allowance can be estimated.
• Occupancy status is blank; vacant possession, tenancy and any access implications are unconfirmed.
• Rental evidence is limited and consists of advertised asking rents rather than achieved rents. Bedroom matching is incomplete for the £575 listing.
• The £60,000 comparable is materially above the other completed sales and may not be directly comparable.
• The £2,400 auction administration fee is included in the stated all-in bid comparison, but other purchase, finance, letting and operating costs are not supplied.