2 Bed Flat, Single Let, Whitley Bay, NE25 8TR, £128,000

Wilson Court, Bromley Avenue, Monkseaton Village, NE25 8TR - 6 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£90K - £185K
Sold Prices/m²£1.7K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£154,798
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,000

Stamp Duty & Legal Fees

£5,040

Total Cash In

£37,040

 

 

Cash Out

 

Rent Range

£595 - £1,300

Rent Estimate

£595

Running Costs/mo

£539

Cashflow/mo

£56

Cashflow/yr

£672

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £185K, average is £138.4K. £1.7K/m² to £3.6K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£140K06/210.02 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£128K01/210.06 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.06 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.06 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.06 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£140K02/210.15 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£110K11/200.15 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.15 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.15 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.15 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£127.5K08/210.31 mi79, Kenilworth Road, Whitley Bay, Tyne And Wear NE25 8BB2
£150K07/230.39 mi12a, Fairfield Drive, Whitley Bay, Tyne And Wear NE25 9SL2
£101.5K12/200.4 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.4 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.4 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£146.5K11/220.42 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£135K03/210.44 mi8, Holm Green, Whitley Bay, Tyne And Wear NE25 9SQ2
£157.5K01/230.46 mi58, Monks Avenue, Whitley Bay, Tyne And Wear NE25 9RT2
£115K03/210.48 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.48 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£127.5K09/230.49 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£115K02/210.49 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£185K04/230.5 mi17, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£147.5K01/210.5 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£155K02/210.5 mi29, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£175K05/230.5 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£165K07/210.51 mi69, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£150K07/210.51 mi76, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£182K10/220.51 mi68, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£180K01/230.51 mi50, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£90K11/200.52 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£130K12/220.52 mi14, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.52 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£132.5K06/210.52 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.52 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£139.3K02/210.53 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£139.9K09/210.54 mi50, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£137.5K10/220.56 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£150K10/220.58 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.58 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.58 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£162.5K07/210.58 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.58 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£127.5K05/210.62 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£159K06/210.63 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.63 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.63 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£157K04/210.63 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£123K11/200.63 mi14, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132K12/200.63 mi18, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2

Local Rents

34 rents from £595/mo to £1.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£75001/240.02 mi-2
£79508/240.04 mi-2
£79508/240.16 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£1,30011/240.16 mi-2
£1,29503/250.2 mi-2
£80006/240.32 miAthol Gardens, Whitley Bay2
£1,05005/240.32 mi19 Uplands2
£70003/230.36 mi-2
£69001/240.39 mi-2
£77505/240.41 miHolm Green, Whitley Bay2
£82507/240.41 mi-2
£80009/240.41 mi-2
£80006/240.41 miFairfield Drive, Whitley Bay, NE252
£90003/250.41 mi-2
£72505/240.42 miParkside Court, Whitley Bay2
£79508/240.46 miFriars Rise, Monkseaton, Whitley Bay2
£1,30003/250.48 miNewlands, Whitley Bay2
£90006/230.5 mi-2
£70007/240.5 miBirkdale, Whitley Bay2
£70005/240.51 miBirkdale, Whitley Bay2
£89505/240.52 miTurnberry, Whitley Bay, Tyne and Wear, NE252
£81506/240.53 miBirkdale, Whitley Bay2
£79507/240.56 miTurnberry, Monkseaton2
£69505/240.56 miAlnwick Avenue, Whitley Bay2
£81501/250.56 mi-2
£81502/250.56 mi-2
£80006/230.56 mi-2
£80008/240.56 mi-2
£80006/240.56 miTurnberry, Whitley Bay, NE252
£60005/240.57 mi-2
£95006/240.57 miTurnberry, West Monkseaton, Whitley Bay, Tyne and Wear, NE25 9NZ2
£69505/240.58 miAlnwick Avenue, Whitley Bay2
£59506/230.61 mi-2
£59507/230.61 mi-2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £128,000

November 7, 2024

Floor Plans

Description

  • Beautiful Top Floor Apartment to the Rear of Front Building +
  • Located in the Heart of Monkseaton Village +
  • Within Walking Distance to Metro, Shops and Bars +
  • Stunning Open Plan Lounge/Dining Kitchen, Integrated Appliances +
  • Impressive Hallway with Storage +
  • Two Spacious Bedrooms +
  • Modern Bathroom with Shower +
  • Allocated, Private Parking Bay with Secure, Fobbed Access, Communal Bike Store +
  • Water Rates Included within the Service Charge +
  • Approximately Ten Minute Walk to the Beach +

A stunning, second floor apartment, located in the heart of Monkseaton Village. Beautifully located within walking distance to Metro, shops, eateries, bars and amenities. The beach and vibrant Whitley Bay town centre is also approximately a ten minute walk away, promoting a perfect outdoor lifestyle. The apartment is spacious, light and well presented throughout with an impressive hallway with ample storage, open plan, contemporary lounge/dining kitchen with a stylish range of units and integrated appliances, there are two spacious bedrooms and a modern family bathroom with shower. Electric heating, loft space for storage, communal bike storage and a private, allocated parking bay accessed by secure, private fobbed barrier. This lovely apartment is also positioned to the rear of the block avoiding the front road noise and with no-one above, you can be reassured that there are no noisy neighbours above! Just gorgeous! Leasehold. 125 years from the 1/1/2004. EPC: C, Council Tax Band: B. Electric, Water, Heating, Drainage: Mains Connected. Broadband: Fibre, Mobile Phone Blackspot: No

Mining: The property is not known to be on a coalfield and not known to be directly impacted by the effect of other mining activity. The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property if any

Agent Details

Rook Matthews Sayer, Whitley Bay

0191 625 0269

Next Steps?

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