Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Saturday, August 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Inside struggling UK town where houses sell for £15k | UK | News
    Property

    Inside struggling UK town where houses sell for £15k | UK | News

    July 28, 20245 Mins Read


    As you first drive into the former mining town of Ashington it looks neat, with lots of green space and freshly cut grass.

    But many properties in the struggling area look well past their best, with one boarded up house even daubed with “peado” and “nonce” in giant letters. 

    With some houses being sold for as little as a staggeringly low £15,000, you notice a lot of “sold” signs.

    Are things therefore on the up for what once was the world’s largest coal-mining village? 

    The wider Northumberland area is world famous for its stunning beaches such as Bamburgh and well-heeled market towns – with one the UK’s most beautiful, Morpeth, just a few miles away.

    Ashington, however, seems like an anomaly – and according to tongue-in-cheek YouTube channel Turdtowns it’s the worst place to live in the region. With a population of about 28,000, Turdtowns stated “this place hasn’t been relevant for at least 60 years”.

    But on a more serious note it also struggles with crime and is the second most dangerous medium-sized town in Northumberland.

    Pensioner Ian Best, 78, who works at his son’s firm N.B Furnishings, thinks his town has been abandoned.

    He said: “There’s nothing much good at Ashington at the moment – but it’s a sign of the times.”

    Ian also admitted that crime and drugs ravage the area.

    He said: “There are a lot of drugs and thieves – we have steel shutters on the business [but they target] older folk, break in, stealing things. It’s a big drug area.”

    Ian says he’s “barely making ends meet” with his £159 a week pension – and that the people of Ashington are struggling with higher living costs. 

    He added: “The only way to get it going again is for the Government to put more money into the area – and give more money to people because they are struggling.”

    But Dawn Duddridge, who is a sales negotiator at local estate agents Rickard, says that despite the obvious challenges, business is booming.

    Properties are listed from a guide price of just £15,000 on property website Rightmove. However, Dawn explains that in the town centre “old colliery row homes” sell for £50,000. More expensive but still wildly below the national average property price in the UK of £282,000.

    And it seems as though homebuyers and investors are now taking note of the rock-bottom prices.

    She said: “To be honest this last week it’s been crazy busy – it’s been chockablock. Properties don’t stay on the market very long – a couple of weeks.”

    Dawn thinks the pick up is due to a shortage of houses on all levels of the property ladder and also the end of election uncertainty.

    Business owner Suraj Singh, 24, is from a posh area called Gosforth, in Newcastle. He has taken advantage of the cheaper property prices – which in his case means low commercial rents. He runs a vape shop in the town centre.

    He said: “I saw it was [up for rent], did a little bit of research and saw it might have potential.”

    Suraj added: “It’s a nice place. There are a lot of shops around and a lot of independent businesses. I think it’s an area on the up.”

    Another major plus point for the town is also on the horizon as a new train station and train service – The Northumberland Line – will link the town with the bustling nearby city of Newcastle in just 35 minutes. The project is costing £166m.

    Popping into a nearby coffee shop, a gaggle of women are more than happy to share their thoughts on their town.

    One, a retired supermarket worker who didn’t want to be named, said she’d rather cheaper property prices were kept on the down low.

    The 76-year-old, who has lived in Ashington all of her life, said: “If the property prices go up then it’s harder for young people.

    “These people from the south have plenty of money, up their offers and gazump the young ones.”

    However, she is concerned about the town centre that has seen scores of big high street names disappear, like many towns and cities across the country. She also worries about jobs for the younger generation.

    She said: “People need jobs. Kids are walking the streets on these bikes or scooters, flying past.”

    Nurse practitioner Jane Stirton, 57, who is also from the town, is married and has two children.

    She said: “Property prices are low because there is a lot of poverty and people can’t afford to get on the property ladder and there’s not a lot of job opportunities.”

    Carol Gatenby, 59, has run the immaculate coffee shop for 26 years and agrees.

    She said: “It has changed so much – I think it’s got challenges as a lot of people are unemployed.”

    Claire Kelly, 46, a nursery nurse lives in the town centre and currently rents a property – and believes prices are low due to a “bad reputation”.

    But she said: “It’s not a bad place to live.”

    And the good news for Claire is that the cheap property prices could mean that in the not too distant future she could finally reach her goal of owning her own home.

    She added: “I would love to own my own property and here it could be achievable.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleWeekly Money Horoscope, July 28 to August 03, 2024: Read your weekly astrological finance predictions for all zodiac signs
    Next Article MicroStrategy’s Michael Saylor Says Bitcoin Will Hit $13,000,000 in Base-Case Scenario – Here’s His Timeline

    Related Posts

    Property

    Fraudster from UK living in Dubai to lose £90m property empire and Ferrari | UK News

    August 29, 2025
    Property

    On-the-run sock tycoon hiding out in Dubai after being convicted of massive tax fraud will have his £90m property empire seized and Ferrari sold at auction

    August 29, 2025
    Property

    Fraudster told to hand over £90m property empire and Ferrari

    August 29, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Dow, S&P 500, Nasdaq futures fall as Nvidia stock weighs on tech

    April 16, 2025
    Bitcoin

    Bitcoin Price Eyes $160K, But the Real Upside May Lie in a Meme-to-Earn Token

    August 25, 2025
    Property

    Debt Financing in USA for Venture, Business, and Real Estate Loan Options Explained

    July 9, 2025
    What's Hot

    les fondamentaux de l’or restent bons

    September 4, 2007

    Altus CRE panel expresses concern over fundamentals

    July 19, 2024

    Le BTC perd de son attrait face à l’or face à la montée des inquiétudes économiques

    April 17, 2025
    Most Popular

    stock transition amid challenges By Investing.com

    October 24, 2024

    Peter Schiff Reacts to Bitcoin Price Surge Past $66,000

    July 17, 2024

    UK house prices rise again in blow to first-time buyers

    August 23, 2024
    Editor's Picks

    Centre taking pre-emptive steps to maintain stable food price

    January 17, 2025

    Les gouvernements se débarrassent discrètement du Bitcoin – mais un pays parie tout dessus

    April 29, 2025

    Campaign finance reports for El Paso mayoral candidates shows early fundraising efforts, war chests at play

    July 17, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.