2 Bed Flat, Single Let, Whitley Bay, NE26 2ST, £100,000

14 Victoria Mews, Whitley Bay, Tyne And Wear, NE26 2ST - 2 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 6%
42 m²
+2 photos

ValuationOvervalued

Sold Prices£82.5K - £249.9K
Sold Prices/m²£1.1K/m² - £3.6K/m²

 

 

Square Metres

42 m²
Price/m²£2.4K/m²

Value Estimate

£92,542

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£595 - £2,000

Rent Estimate

£598

Running Costs/mo

£452

Cashflow/mo

£146

Cashflow/yr

£1,751

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £82.5K to £249.9K, average is £150K. £1.1K/m² to £3.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£115K03/210.03 mi33, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN2
£122.5K02/210.05 mi36, Clifton Terrace, Whitley Bay, Tyne And Wear NE26 2JD2
£132.5K08/230.09 mi6a, Esplanade, Whitley Bay, Tyne And Wear NE26 2AG2
£120K11/200.09 mi30, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JF2
£127.5K10/200.1 mi75, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127K04/230.1 mi25, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£131.5K02/210.1 mi59, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127.5K10/200.11 mi73, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£82.5K08/240.12 mi15b, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£130K09/220.12 mi19c, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£135K11/200.14 mi4, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£138K02/230.14 mi19, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£115.5K02/230.16 mi7a, Algernon Place, Whitley Bay, Tyne And Wear NE26 2DT2
£160K08/230.18 mi10, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£155K12/230.18 mi1, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£90K06/240.2 mi113b, Whitley Road, Whitley Bay, Tyne And Wear NE26 2ET2
£144K03/230.21 mi104, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£129.9K11/200.21 mi82, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£173K09/230.21 mi96, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£90K07/230.22 mi16, Cheviot View, Whitley Bay, Tyne And Wear NE26 2BE2
£153K12/200.23 mi102, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£140K12/220.26 mi9a, Stanley Crescent, Whitley Bay, Tyne And Wear NE26 2EB2
£118K05/210.26 mi2a, Devonshire Terrace, Whitley Bay, Tyne And Wear NE26 2EJ2
£180K02/230.28 mi9a, Brook Street, Whitley Bay, Tyne And Wear NE26 1AF2
£113K05/230.32 miSecond Floor Flat, 30, Whitley Road, Whitley Bay, Tyne And Wear NE26 2NF2
£155K10/210.38 mi28, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£170.5K07/230.38 mi20, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£150K06/230.38 mi14, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£220K01/230.39 mi10, Grafton Road, Whitley Bay, Tyne And Wear NE26 2NR2
£155K08/230.4 mi4, Braeside Terrace, Whitley Bay, Tyne And Wear NE26 2EF2
£186.5K02/230.4 mi25, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PH2
£165K07/210.42 mi69, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£150K07/210.42 mi76, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£182K10/220.42 mi68, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£176K01/230.43 mi72, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PQ2
£99K12/200.44 mi4, Park View Court, Whitley Bay, Tyne And Wear NE26 3LJ2
£180K01/230.44 mi50, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£185K04/230.44 mi17, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£147.5K01/210.44 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£155K02/210.44 mi29, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£175K05/230.44 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£249.9K03/230.45 mi50b, Marine Avenue, Whitley Bay, Tyne And Wear NE26 1NF2
£145K12/220.46 mi126, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£165K04/210.46 mi19, Naters Street, Whitley Bay, Tyne And Wear NE26 2PG2
£190K08/230.46 mi49, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£150K12/200.46 mi29, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£173K03/210.46 mi23, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£152K03/210.47 mi35, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£180.8K10/200.49 mi25, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£173.8K11/230.49 mi39a, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2

Local Rents

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

RentDateDistanceAddressBeds 
£75006/240.01 miVictoria Mews2
£70006/240.05 miClifton Terrace, Whitley Bay2
£85005/240.05 miSouth Parade, Whitley Bay, Tyne and Wear, NE262
£75012/240.09 miSouth Parade, Whitley Bay2
£99512/230.11 mi-2
£80007/240.12 miNorth Parade, Whitley Bay, Tyne and Wear, NE262
£80011/230.13 mi-2
£85007/240.14 miNorth Parade, Whitley Bay. NE26 1PA **SUPER STANDARD**2
£95006/240.15 miEsplanade, Whitley Bay, Tyne and Wear, NE262
£2,00007/240.17 mi-2
£75008/230.17 mi-2
£1,15006/240.18 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£1,40007/240.18 mi55 Esplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£75005/240.18 miEsplanade, Whitley Bay. NE26 2AL2
£82507/240.18 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AL2
£89506/240.18 miSouth Parade, Whitley Bay2
£1,10005/240.2 miMontague Apartments, Whitley Bay2
£1,40005/240.2 miMontague Apartments, Whitley Bay2
£1,15006/240.2 miMontague Apartments, Whitley Bay2
£77003/250.21 mi-2
£80005/240.25 miPark Parade, Whitley Bay2
£85006/240.25 miPark Parade, Whitley Bay2
£97505/240.25 mi-2
£97505/240.25 mi-2
£74008/240.29 mi-2
£74007/240.29 miMarden Road South, Whitley Bay, NE252
£1,40006/240.31 miPark Avenue, Whitley Bay2
£69505/240.33 miAlnwick Avenue, Whitley Bay2
£60005/240.33 mi-2
£69505/240.34 miAlnwick Avenue, Whitley Bay2
£85005/240.36 miBurnside House, Rockcliffe Gardens, Whitley Bay2
£59506/230.37 mi-2
£59507/230.37 mi-2
£79508/240.41 mi-2
£79506/240.47 mi-2
£70003/230.53 mi-2
£90008/240.56 miStation Road, Cullercoats, North Shields, Tyne and Wear, NE302
£72505/240.59 miParkside Court, Whitley Bay2

Local Area Statistics

Population in NE26

19,169

Population in Whitley Bay

49,103

Town centre distance

1.20 miles away

Nearest school

0.30 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £100,000

August 15, 2024

Sold for £75,000

2019

Sold for £96,500

2006

Floor Plans

Description

  • Great Location +
  • Top Floor Apartment +
  • Two Bedrooms +
  • Juliet Balconies +
  • Close To Beach +
  • Fantastic Amenities Nearby +
  • Allocated Parking +
  • Council Tax Band A +
  • Viewing Recommended +
  • Call For More Information +

Video Tour on our YouTube Channel |

This modern, well-presented, two-bedroom apartment is positioned in a fantastic location, within walking distance of the sea front, Whitley Bay Metro station and High Street, with a wide variety of amenities including shops and restaurants.

The property is accessed via a communal entrance with stairs leading to the top floor and briefly comprises: - entrance hall, bright and airy lounge with French doors and a Juliet balcony and open plan to the fitted kitchen, two good-sized bedrooms, the main with a Juliet balcony and there is a bathroom/w.c. with shower over the bath. The property benefits from gas central heating and double glazing.

Externally there is one allocated parking space.

Viewings come highly recommended. For more information, please call our Tynemouth branch on .

Tenure
The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.

Council Tax band *A*.

Lounge/Kitchen - 5.51 x 4.86 (18'0" x 15'11") -

Bedroom One - 3.26m x 2.76 (10'8" x 9'0") -

Bedroom Two - 2.10 x 3.13 (6'10" x 10'3") -

Agent Details

Jan Forster Estates, Tynemouth

0191 625 0776

Next Steps?

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