Auction

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Auction

1/13

2 bed flat for sale Maughan Street, Blyth, NE24

Guide Price

£45,000

Added on 02/10/2026

For sale by auction

Type: Flat
Bedrooms: 2
Tenure: Ask agent; 964 years left(from the agent's description)

No ground rent (peppercorn) Council tax Band A £1,731 a year

* From the agent's description. Check it with them before you rely on it.

Key features

For sale by modern auction – t & c’s apply
Subject to reserve price
Buyers fees apply
Tenanted two bedroom first floor flat
Sold with tenant in situ
Current rent £595 pcm / £7,140 per annum
Potential 14.28% gross yield at guide price
Lounge opening through to fitted kitchen
999-year tyneside lease – approx. 964 years remaining
Peppercorn ground rent

About this property

Tenanted Two Bedroom Investment Flat | Immediate Rental Income | Popular Coastal Location

An excellent opportunity for landlords and portfolio investors to acquire a tenanted two-bedroom first floor flat situated in the popular coastal town of Blyth. Sold with a tenant in situ, the property currently generates a rental income of £595 per calendar month (£7,140 per annum), providing the purchaser with an immediate income-generating investment from completion. Based upon the guide price, this represents a potential gross rental yield of approximately 14.28%.

Floorplan

Council tax

Band A £1,731 a year

Per year

Band A

This home: £1,731
Band B

£2,020
Band C

£2,308
Band D

£2,597
Band E

£3,174
Band F

£3,751
Band G

£4,328
Band H

£5,194

This home is in band A, which costs £1,731 a year in Northumberland for 2026/27.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Northumberland, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone. Check a home's band on GOV.UK.

Location

Maughan Street, Blyth, NE24

Open map Street View

Mortgage and stamp duty

Property price £45,000

£23k £68k

Deposit11% £5,000

£0 £45k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £40,000 mortgage. Most lenders would want a household income of about £9,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
20, Maughan Street Terraced	Terraced	May 2026	958 sq ft £89/sq ft	958 sq ft	£89	£85,000
21, Maughan Street Terraced	Terraced	May 2023	990 sq ft £98/sq ft	990 sq ft	£98	£97,000
18, Maughan Street Terraced	Terraced	Mar 2023	1,066 sq ft £91/sq ft	1,066 sq ft	£91	£97,500
25, Maughan Street Semi-detached	Semi-detached	Sept 2022	904 sq ft £105/sq ft	904 sq ft	£105	£95,000
21, Maughan Street Terraced	Terraced	Feb 2022	990 sq ft £95/sq ft	990 sq ft	£95	£94,000
12, Maughan Street Terraced	Terraced	Nov 2019	990 sq ft £66/sq ft	990 sq ft	£66	£65,000
10, Maughan Street Terraced	Terraced	Jan 2018	1,001 sq ft £52/sq ft	1,001 sq ft	£52	£52,000
21, Maughan Street Terraced	Terraced	Jun 2017	990 sq ft £75/sq ft	990 sq ft	£75	£74,500