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2 Bed Flat, Single Let, Whitley Bay, NE26 3BG, £127,500

Windsor Gardens, Whitley Bay, Tyne & Wear, NE26 3BG - 9 months ago

Under Offer
Leasehold
BTL
ROI: 3%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£82.5K - £300K
Sold Prices/m²£1.2K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£144,736
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,875

Stamp Duty & Legal Fees

£7,575

Total Cash In

£39,450

 

 

Cash Out

 

Rent Range

£595 - £2,000

Rent Estimate

£659

Running Costs/mo

£550

Cashflow/mo

£109

Cashflow/yr

£1,305

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £82.5K to £300K, average is £139K. £1.2K/m² to £3.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£300K10/200.11 mi1, Holywell Avenue, Whitley Bay, Tyne And Wear NE26 3AH2
£249.9K03/230.2 mi50b, Marine Avenue, Whitley Bay, Tyne And Wear NE26 1NF2
£99K12/200.22 mi4, Park View Court, Whitley Bay, Tyne And Wear NE26 3LJ2
£210K09/210.29 mi12, The Links, Whitley Bay, Tyne And Wear NE26 1PS2
£190K04/210.29 mi10, The Links, Whitley Bay, Tyne And Wear NE26 1PS2
£180K01/230.31 mi50, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£185K04/230.31 mi17, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£147.5K01/210.31 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£155K02/210.31 mi29, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£175K05/230.31 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£185K10/200.34 mi4, Links Court, Whitley Bay, Tyne And Wear NE26 1RZ2
£165K07/210.35 mi69, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£150K07/210.35 mi76, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£182K10/220.35 mi68, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£118K01/210.42 mi8, St Martins Court, Whitley Bay, Tyne And Wear NE26 3JP2
£135K07/230.44 mi54, Woodburn Drive, Whitley Bay, Tyne And Wear NE26 3HY2
£153K12/200.45 mi102, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£180K02/230.46 mi9a, Brook Street, Whitley Bay, Tyne And Wear NE26 1AF2
£144K03/230.47 mi104, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£129.9K11/200.47 mi82, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£173K09/230.47 mi96, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£127.5K08/210.5 mi79, Kenilworth Road, Whitley Bay, Tyne And Wear NE25 8BB2
£135K11/200.53 mi4, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£138K02/230.53 mi19, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£159K06/210.53 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.53 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.53 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£157K04/210.53 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£130K09/220.59 mi19c, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£82.5K08/240.59 mi15b, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£140K06/210.63 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£122.5K02/210.63 mi36, Clifton Terrace, Whitley Bay, Tyne And Wear NE26 2JD2
£128K01/210.64 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.64 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.64 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.64 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£127.5K10/200.64 mi73, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£120K11/200.65 mi30, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JF2
£115K03/210.65 mi33, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN2
£175K01/230.65 mi3, St Davids Court, Whitley Bay, Tyne And Wear NE26 1JA2
£127.5K05/210.66 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£160K08/230.66 mi10, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£155K12/230.66 mi1, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£127.5K10/200.66 mi75, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127K04/230.66 mi25, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£131.5K02/210.66 mi59, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£122K10/200.68 mi8, Rodney Court, Whitley Bay, Tyne And Wear NE26 3JF2
£115K02/210.68 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£115K03/210.69 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.69 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2

Local Rents

22 rents from £595/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£72505/240.25 miParkside Court, Whitley Bay2
£59506/230.32 mi-2
£59507/230.32 mi-2
£80005/240.41 miPark Parade, Whitley Bay2
£85006/240.41 miPark Parade, Whitley Bay2
£69505/240.41 miAlnwick Avenue, Whitley Bay2
£69505/240.42 miAlnwick Avenue, Whitley Bay2
£70003/230.43 mi-2
£60005/240.43 mi-2
£1,40006/240.44 miPark Avenue, Whitley Bay2
£80002/250.49 mi-2
£75008/230.49 mi-2
£2,00007/240.49 mi-2
£85007/240.57 miNorth Parade, Whitley Bay. NE26 1PA **SUPER STANDARD**2
£97505/240.57 mi-2
£97505/240.57 mi-2
£80007/240.59 miNorth Parade, Whitley Bay, Tyne and Wear, NE262
£1,05005/240.59 mi19 Uplands2
£1,29503/250.61 mi-2
£89506/240.61 miSouth Parade, Whitley Bay2
£79508/240.61 mi-2
£75012/240.62 miSouth Parade, Whitley Bay2

Links

Local Area Statistics

Population in NE26

19,169

Population in Whitley Bay

49,103

Town centre distance

0.58 miles away

Nearest school

0.30 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £127,500

July 4, 2024

Description

WELL SITUATED 2 BEDROOMED 1ST FLOOR FLAT. uPVC double glazing, gas central heating (combi. boiler), single lock-up garage at rear.

On the ground floor: Private front door. 1st floor: Landing, Kitchen, 2 Bedrooms, Lounge, Bathroom. Externally: Single lock-up Garage with new door.

Windsor Gardens is an excellent location close to local amenities and convenient for Whitley Bay Town centre, it is also situated fairly close to Monkseaton Metro station and is in the catchment area for good local Schools.

ON THE GROUND FLOOR:

PRIVATE FRONT DOOR & STAIRCASE TO 1ST FLOOR.

LANDING  2 fitted store cupboards, double-banked radiator & access to loft space.

KITCHEN  8' 8" x 7' 6" (2.64m x 2.29m) fitted wall & floor units, 1½ bowl stainless steel sink, plumbing             for washing machine, gas fired combi. boiler & uPVC double glazed window.

2 BEDROOMS

No. 1 10' 8" x 10' 1" (3.25m x 3.07m) plus fitted wardrobe, radiator & 2 uPVC double glazed windows.

No. 2 11' 0" x 6' 10" (3.35m x 2.08m) radiator & uPVC double glazed window.

LOUNGE  9' 6" x 12' 10" (2.90m x 3.91m) double-banked radiator & uPVC double glazed window.

BATHROOM  part-tiled walls, panelled bath with 'Triton' shower over, pedestal washbasin, low level WC, radiator, extractor fan & 6 concealed downlighters.

EXTERNALLY:

GARAGE (AT REAR 4TH IN)  9' 5" x 16' 4" (2.87m x 4.98m) new up & over door.

TENURE: Leasehold – expires 2170.  No ground rent or maintenance charges.  Cost of repairs to common areas & roof to be shared by all residents.

Council Tax Band: A

Agent Details

J.G Sawyers & Sons, WHITLEY BAY

0191 625 0110

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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