2 Bed Flat, Single Let, Whitley Bay, NE26 2EL, £139,950

24 Egremont Place, Whitley Bay, NE26 2EL - 2 views - 6 months ago

Leasehold
BTL
ROI: 1%
65 m²
+4 photos

ValuationUndervalued

Sold Prices£82.5K - £305K
Sold Prices/m²£1.1K/m² - £4.8K/m²

 

 

Square Metres

65 m²
Price/m²£2.2K/m²

Value Estimate

£146,078
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£8,497

Total Cash In

£43,484

 

 

Cash Out

 

Rent Range

£595 - £2,000

Rent Estimate

£636

Running Costs/mo

£585

Cashflow/mo

£51

Cashflow/yr

£617

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £82.5K to £305K, average is £152.5K. £1.1K/m² to £4.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£118K05/210.03 mi2a, Devonshire Terrace, Whitley Bay, Tyne And Wear NE26 2EJ2
£90K06/240.05 mi113b, Whitley Road, Whitley Bay, Tyne And Wear NE26 2ET2
£140K12/220.06 mi9a, Stanley Crescent, Whitley Bay, Tyne And Wear NE26 2EB2
£113K05/230.08 miSecond Floor Flat, 30, Whitley Road, Whitley Bay, Tyne And Wear NE26 2NF2
£90K07/230.08 mi16, Cheviot View, Whitley Bay, Tyne And Wear NE26 2BE2
£115.5K02/230.09 mi7a, Algernon Place, Whitley Bay, Tyne And Wear NE26 2DT2
£220K01/230.14 mi10, Grafton Road, Whitley Bay, Tyne And Wear NE26 2NR2
£155K10/210.15 mi28, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£170.5K07/230.15 mi20, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£150K06/230.15 mi14, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£186.5K02/230.16 mi25, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PH2
£176K01/230.18 mi72, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PQ2
£155K08/230.18 mi4, Braeside Terrace, Whitley Bay, Tyne And Wear NE26 2EF2
£132.5K08/230.19 mi6a, Esplanade, Whitley Bay, Tyne And Wear NE26 2AG2
£165K04/210.21 mi19, Naters Street, Whitley Bay, Tyne And Wear NE26 2PG2
£190K08/230.22 mi49, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£150K12/200.22 mi29, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£173K03/210.22 mi23, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£152K03/210.23 mi35, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£145K12/220.23 mi126, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£115K03/210.26 mi33, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN2
£180.8K10/200.26 mi25, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£173.8K11/230.26 mi39a, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£127.5K10/200.27 mi75, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127K04/230.27 mi25, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£131.5K02/210.27 mi59, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£122.5K02/210.27 mi36, Clifton Terrace, Whitley Bay, Tyne And Wear NE26 2JD2
£120K11/200.28 mi30, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JF2
£127.5K10/200.3 mi73, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£160K08/230.3 mi10, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£155K12/230.3 mi1, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£82.5K08/240.32 mi15b, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£130K09/220.33 mi19c, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£185K12/220.33 mi6, Station Road, Cullercoats, North Shields, Tyne And Wear NE30 4PQ2
£155.1K09/220.34 mi6, Dove Court, North Shields, Tyne And Wear NE30 4QN2
£279K09/220.36 mi27, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£185K02/230.37 mi31, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£305K10/200.37 mi13, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£232.5K06/210.37 mi3, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£150K05/210.37 mi9, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£295K05/210.37 mi29, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£135K11/200.37 mi4, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£138K02/230.37 mi19, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£165K02/210.43 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£196K01/230.43 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£144K03/230.44 mi104, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£129.9K11/200.44 mi82, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£173K09/230.44 mi96, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£153K12/200.46 mi102, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£180K02/230.49 mi9a, Brook Street, Whitley Bay, Tyne And Wear NE26 1AF2

Local Rents

40 rents from £595/mo to £2K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£77003/250.06 mi-2
£79508/240.16 mi-2
£85005/240.18 miBurnside House, Rockcliffe Gardens, Whitley Bay2
£95006/240.23 miEsplanade, Whitley Bay, Tyne and Wear, NE262
£75006/240.23 miVictoria Mews2
£79506/240.24 mi-2
£82507/240.25 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AL2
£75005/240.25 miEsplanade, Whitley Bay. NE26 2AL2
£85005/240.27 miSouth Parade, Whitley Bay, Tyne and Wear, NE262
£70006/240.27 miClifton Terrace, Whitley Bay2
£75012/240.29 miSouth Parade, Whitley Bay2
£80011/230.29 mi-2
£1,10005/240.29 miMontague Apartments, Whitley Bay2
£1,40005/240.29 miMontague Apartments, Whitley Bay2
£1,15006/240.29 miMontague Apartments, Whitley Bay2
£1,15006/240.3 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£1,40007/240.3 mi55 Esplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£99512/230.3 mi-2
£74008/240.3 mi-2
£74007/240.3 miMarden Road South, Whitley Bay, NE252
£80007/240.32 miNorth Parade, Whitley Bay, Tyne and Wear, NE262
£90008/240.34 miStation Road, Cullercoats, North Shields, Tyne and Wear, NE302
£89506/240.34 miSouth Parade, Whitley Bay2
£85007/240.35 miNorth Parade, Whitley Bay. NE26 1PA **SUPER STANDARD**2
£2,00007/240.41 mi-2
£75008/230.41 mi-2
£97505/240.42 mi-2
£97505/240.42 mi-2
£82508/240.47 mi-2
£97505/240.49 miLinks Road, North Shields2
£80005/240.5 miPark Parade, Whitley Bay2
£85006/240.5 miPark Parade, Whitley Bay2
£1,40006/240.52 miPark Avenue, Whitley Bay2
£85005/240.53 miFarringdon Road, Marden Estate, North Shields2
£60005/240.56 mi-2
£69505/240.56 miAlnwick Avenue, Whitley Bay2
£1,10007/240.56 miBeverley Terrace, Cullercoats2
£69505/240.57 miAlnwick Avenue, Whitley Bay2
£59506/230.61 mi-2
£59507/230.61 mi-2

Local Area Statistics

Population in NE26

19,169

Population in Whitley Bay

49,103

Town centre distance

1.45 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Price changed to £139,950

February 8, 2025

Listed for £150,000

October 11, 2024

Floor Plans

Description

  • First Floor Flat +
  • Two Double Bedrooms +
  • Living Room +
  • Kitchen +
  • Bathroom/WC +
  • Private Rear Yard +
  • Leasehold - 971 years remaining +
  • Council Tax Band A +
  • EPC Rating C +

NO UPPER CHAIN with this SPACIOUS UPPER FLAT that enjoys a SUPERB LOCATION for accessing EXTENSIVE LOCAL AMENITIES, the SEAFRONT as well as TRANSPORT LINKS to Tyneside centres including the ever popular METRO system. Representing an EXCELLENT CHOICE for BUY-TO-LIVE IN or BUY-TO-RENT OUT, this is a WONDERFUL OPPORTUNITY for a wide range of buyers and WE STRONGLY RECOMMEND AN EARLY VIEWING.
With a good sized private yard to the rear, the property also benefits from gas central heating as well as double glazing. From the ground floor private entrance lobby, there is staircase access to the first floor where there is a generously sized all-purpose living/dining room, kitchen with some appliances, 2 double bedrooms and a family bathroom/WC with shower. An early viewing is strongly advised to avoid missing out on this wonderful opportunity.

Agent Details

Cooke & Co, Whitley Bay

0191 625 0863

Next Steps?

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