2 Bed Flat, Single Let, Whitley Bay, NE25 9YF, £149,950

Sunningdale, West Monkseaton, NE25 9YF - 8 months ago

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

ValuationUndervalued

Sold Prices£90K - £175K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£157,225
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,488

Stamp Duty & Legal Fees

£8,698

Total Cash In

£46,185

 

 

Cash Out

 

Rent Range

£690 - £1,300

Rent Estimate

£700

Running Costs/mo

£629

Cashflow/mo

£71

Cashflow/yr

£857

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £90K to £175K, average is £135K. £1.7K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£146.5K11/220.07 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£101.5K12/200.07 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.07 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.07 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£135K03/210.17 mi8, Holm Green, Whitley Bay, Tyne And Wear NE25 9SQ2
£162.5K07/210.18 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.18 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.18 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.18 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£150K07/230.18 mi12a, Fairfield Drive, Whitley Bay, Tyne And Wear NE25 9SL2
£150K10/220.18 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£139.3K02/210.23 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£132.5K06/210.23 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.23 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£123K11/200.24 mi14, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132K12/200.24 mi18, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£148.5K11/200.24 mi37, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£118.5K02/210.24 mi40, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£129K01/210.24 mi26, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£155K09/210.24 mi38, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£141.5K03/210.24 mi25, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.24 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.24 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£150K12/220.24 mi8, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£138.5K04/210.24 mi34, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£90K11/200.25 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.25 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£130K12/220.25 mi14, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£127.5K09/230.29 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£115K03/210.31 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.31 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£161.9K08/230.31 mi11, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU2
£115K02/210.31 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£157.5K01/230.33 mi58, Monks Avenue, Whitley Bay, Tyne And Wear NE25 9RT2
£140K06/210.38 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£128K01/210.45 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.45 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.45 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.45 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£127.5K05/210.48 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£110K11/200.49 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£140K02/210.49 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.49 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.49 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.49 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£157K04/210.58 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£159K06/210.58 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.58 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.58 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£139.9K09/210.62 mi50, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£137.5K10/220.67 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2

Local Rents

32 rents from £690/mo to £1.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£89505/240.13 miTurnberry, Whitley Bay, Tyne and Wear, NE252
£79507/240.17 miTurnberry, Monkseaton2
£80006/230.17 mi-2
£80008/240.17 mi-2
£80006/240.17 miTurnberry, Whitley Bay, NE252
£95006/240.18 miTurnberry, West Monkseaton, Whitley Bay, Tyne and Wear, NE25 9NZ2
£69001/240.18 mi-2
£77505/240.19 miHolm Green, Whitley Bay2
£82507/240.19 mi-2
£80009/240.19 mi-2
£80006/240.19 miFairfield Drive, Whitley Bay, NE252
£90003/250.19 mi-2
£75007/240.24 miCarnoustie Court, Whitley Bay, NE252
£70007/240.24 miCarnoustie Court, Monkseaton2
£70008/240.24 miCarnoustie Court, Monkseaton2
£80012/240.24 miCarnousite Court, Monkseaton2
£1,30011/240.27 mi-2
£81501/250.27 mi-2
£81502/250.27 mi-2
£1,29503/250.28 mi-2
£1,05005/240.29 mi19 Uplands2
£90006/230.3 mi-2
£70007/240.3 miBirkdale, Whitley Bay2
£70005/240.33 miBirkdale, Whitley Bay2
£81506/240.33 miBirkdale, Whitley Bay2
£75001/240.38 mi-2
£79508/240.41 miFriars Rise, Monkseaton, Whitley Bay2
£79509/240.44 mi-2
£79508/240.45 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£97505/240.45 miThorntree Drive, Whitley Bay, Tyne and Wear, NE252
£80006/240.46 miAthol Gardens, Whitley Bay2
£1,30003/250.58 miNewlands, Whitley Bay2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.60 miles away

Nearest school

0.40 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £149,950

August 10, 2024

Floor Plans

Description

  • TWO GOOD SIZED BEDROOMS +
  • SOUGHT AFTER TOP FLOOR POSITION +
  • AVAILBLE WITH NO UPPER CHAIN +
  • IDEAL LOCATION +
  • ALLOCATED PARKING +
  • NATURALLY LIGHT THROUGHOUT +
  • WITHIN WALKING DISTANCE OF WEST MONKSEATON METRO STATION +
  • CLOSE PROXIMITY TO LOCAL AMENITIES +

TWO BEDROOM TOP FLOOR APARTMENT SITUATED WITHIN THIS POPULAR RESIDENTIAL AREA OF WEST MONKSEATON - NO UPPER CHAIN

Brannen & Partners welcome to the sales market this well proportioned two bedroom second floor apartment situated in West Monkseaton. Benefitting from good size accommodation, allocated parking and great location.

Briefly comprising: Secure communal entrance with stairs to the second floor. Private vestibule leading to the hallway offering access to all rooms. The living room is a good size, allowing space for a dining table and chairs.

The kitchen has fitted wall and base units, which includes a gas hob and electric oven, with space for a fridge/freezer and washing machine. There are two bedrooms and bathroom, consisting of a bath with shower over, hand basin and W.C.

Externally there is allocated parking.

Whitley Bay is a popular seaside town with beautiful beaches and excellent schools. The town centre offers a good range of local amenities including local shops, cafés and restaurants. The property is within walking distance of a large supermarket as well as the Metro Station.

Secure Communal Entrance -

Private Hallway -

Lounge - 4.67m x 4.31m (15'3" x 14'1") -

Kitchen - 2.68m x 2.57m (8'9" x 8'5") -

Bedroom One - 3.48m x 2.78m (11'5" x 9'1") -

Bedroom Two - 2.98m x 2.50m -

Bathroom -

Tenure - Leasehold - 974 years remaining

Agent Details

Brannen & Partners, Tynemouth

0191 625 0803

Next Steps?

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