2 Bed Terraced House, Cash/Bridging Only, Whitley Bay, NE26 4DN, £135,000
Clarence Street, Seaton Sluice, Whitley Bay, NE26 4DN - 2 years ago
Sold STC
Cash
ROI: 1%
~89 m²





+8 photos
ValuationFair Value
Sold Prices | £93K - £357K |
Sold Prices/m² | £1.2K/m² - £4.5K/m² |
| |
Square Metres | ~89.20 m² |
Price/m² | £1.5K/m² |
Value Estimate | £135,000 |
| |
End Value (After Refurb) | £181,512 |
Uplift in Value | +34% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £33,750 |
Stamp Duty & Legal Fees | £5,250 |
Refurb Costs | £34,265 |
Bridging Loan Interest | £3,544 |
Total Cash In | £78,559 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £181,512 |
Mortgage (After Refinance) | £136,134 |
Mortgage LTV | 75% |
Cash Released | £34,884 |
Cash Left In | £43,675 |
Equity | £45,378 |
Rent Range | £350 - £4,000 |
Rent Estimate | £802 |
Running Costs/mo | £748 |
Cashflow/mo | £54 |
Cashflow/yr | £653 |
ROI | 1% |
Gross Yield | 7% |
Local Sold Prices
25 sold prices from £93K to £357K, average is £196K. £1.2K/m² to £4.5K/m², average is £2.2K/m².
Local Rents
50 rents from £350/mo to £4K/mo, average is £700/mo.
Local Area Statistics
Population in NE26 | 19,169 |
Population in Whitley Bay | 49,103 |
Town centre distance | 2.18 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 2.71 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +16% |
Sales demand | Balanced market |
Capital growth (5yrs) | +29% |
Property History
Listed for £135,000
July 6, 2023
Floor Plans
