2 Bed Flat, Single Let, Whitley Bay, NE25 9LZ, £150,000

Birkdale, Whitley Bay, NE25 9LZ - 6 months ago

Under Offer
Leasehold
BTL
ROI: 2%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£90K - £300K
Sold Prices/m²£1.2K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£154,640
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£690 - £1,300

Rent Estimate

£698

Running Costs/mo

£628

Cashflow/mo

£70

Cashflow/yr

£836

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £90K to £300K, average is £135K. £1.2K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£127.5K09/230.05 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£115K02/210.06 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£115K03/210.06 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.06 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£90K11/200.08 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.08 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£130K12/220.08 mi14, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£132.5K06/210.11 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.11 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£127.5K05/210.17 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£157K04/210.3 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£159K06/210.3 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.3 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.3 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£150K10/220.32 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£162.5K07/210.33 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.33 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.33 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.33 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£138.5K04/210.33 mi34, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£150K12/220.33 mi8, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£123K11/200.33 mi14, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132K12/200.33 mi18, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£148.5K11/200.33 mi37, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£118.5K02/210.33 mi40, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£129K01/210.33 mi26, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£155K09/210.33 mi38, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£141.5K03/210.33 mi25, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.33 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.33 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£146.5K11/220.39 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£101.5K12/200.39 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.39 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.39 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£161.9K08/230.44 mi11, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU2
£135K03/210.49 mi8, Holm Green, Whitley Bay, Tyne And Wear NE25 9SQ2
£150K07/230.5 mi12a, Fairfield Drive, Whitley Bay, Tyne And Wear NE25 9SL2
£118K01/210.51 mi8, St Martins Court, Whitley Bay, Tyne And Wear NE26 3JP2
£140K06/210.52 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£139.3K02/210.53 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£135K07/230.54 mi54, Woodburn Drive, Whitley Bay, Tyne And Wear NE26 3HY2
£128K01/210.59 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.59 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.59 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.59 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£157.5K01/230.65 mi58, Monks Avenue, Whitley Bay, Tyne And Wear NE25 9RT2
£300K10/200.66 mi1, Holywell Avenue, Whitley Bay, Tyne And Wear NE26 3AH2
£110K11/200.68 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£140K02/210.68 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.68 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.68 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2

Local Rents

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

RentDateDistanceAddressBeds 
£81506/240.02 miBirkdale, Whitley Bay2
£70007/240.04 miBirkdale, Whitley Bay2
£90006/230.04 mi-2
£70005/240.05 miBirkdale, Whitley Bay2
£81501/250.1 mi-2
£81502/250.1 mi-2
£1,05005/240.22 mi19 Uplands2
£89505/240.29 miTurnberry, Whitley Bay, Tyne and Wear, NE252
£79507/240.3 miTurnberry, Monkseaton2
£80006/230.33 mi-2
£80008/240.33 mi-2
£80006/240.33 miTurnberry, Whitley Bay, NE252
£80012/240.33 miCarnousite Court, Monkseaton2
£75007/240.33 miCarnoustie Court, Whitley Bay, NE252
£70007/240.33 miCarnoustie Court, Monkseaton2
£70008/240.33 miCarnoustie Court, Monkseaton2
£1,29503/250.34 mi-2
£95006/240.37 miTurnberry, West Monkseaton, Whitley Bay, Tyne and Wear, NE25 9NZ2
£80004/250.39 mi-2
£1,30011/240.49 mi-2
£69001/240.5 mi-2
£77505/240.51 miHolm Green, Whitley Bay2
£82507/240.51 mi-2
£80009/240.51 mi-2
£80006/240.51 miFairfield Drive, Whitley Bay, NE252
£90003/250.51 mi-2
£75001/240.51 mi-2
£79508/240.57 mi-2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.30 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £150,000

October 22, 2024

Sold for £120,000

2022

Sold for £95,000

2012

Sold for £120,000

2011

Sold for £104,950

2005

Floor Plans

Description

Signature North East welcomes you to this charming apartment in the picturesque area of Birkdale, Whitley Bay. This sought-after location combines coastal charm with a vibrant community spirit. With beautiful beaches and coastal parks nearby, residents enjoy a relaxed seaside lifestyle. The area boasts excellent transport links, including the Metro, for convenient commuting to Newcastle and surrounding areas. Local amenities, including various shops and services, are easily accessible, and green spaces offer opportunities for outdoor activities like walking, jogging, and picnics. Families will appreciate the reputable schools nearby, while cultural attractions provide ample opportunities for exploration.

Upon entering the apartment, you'll find a functional layout that seamlessly balances living and social spaces. Recently updated with a modern feel, the apartment boasts brand-new flooring throughout and newly installed windows, creating an inviting atmosphere. The living room, kitchen, and dining area form the hub of the home, with French doors opening to a Juliet balcony that floods the space with natural light. The remodelled kitchen, completed two years ago, offers ample wall and base units for storage, generous counter space, and integrated appliances including a fridge freezer, oven, microwave, hob, extractor fan, washing machine, and dishwasher. A peninsula provides a dining area that comfortably seats up to five people, making it perfect for meals with loved ones.

The sleeping area offers versatility: the master bedroom is a perfect retreat for unwinding at the end of the day, while the second bedroom is ideal for use as a home office or for hosting guests. This makes the apartment suitable for a small family or a first-time buyer. The property is completed with a modern, recently remodelled 3-piece bathroom featuring a walk-in shower. Outside, the apartment comes with a designated parking space, as well as additional free roadside parking.

Living Room / Kitchen Diner - 5.36 x 4.26 (17'7" x 13'11") -

Bedroom One - 3.34 x 3.02 (10'11" x 9'10") -

Bedroom Two - 3.02 x 1.98 (9'10" x 6'5") -

Shower Room - 2.44 x 1.74 (8'0" x 5'8") -

Agent Details

Signature, Whitley Bay

0191 625 0122

Next Steps?

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