2 Bed Flat, Single Let, Whitley Bay, NE25 9LQ, £155,000

Garden Terrace, Earsdon Village, NE25 9LQ - 4 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£46K - £174K
Sold Prices/m²£920/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£138,555

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£9,550

Total Cash In

£48,300

 

 

Cash Out

 

Rent Range

£525 - £975

Rent Estimate

£721

Running Costs/mo

£649

Cashflow/mo

£72

Cashflow/yr

£869

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £46K to £174K, average is £123K. £920/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£174K02/210.11 mi22a, Front Street, Earsdon, Whitley Bay, Tyne And Wear NE25 9LA2
£109K03/210.53 mi31, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£120K02/230.53 mi31, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£122.5K03/230.53 mi25, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£125K08/220.56 mi33, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR2
£121K01/230.58 mi20, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ2
£129.9K10/230.58 mi115, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DS2
£120K02/230.58 mi10, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ2
£120K06/230.58 mi14, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ2
£113K04/220.6 mi135, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DS2
£46K10/200.63 mi12b, Ann Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0QR2
£161.9K08/230.63 mi11, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU2
£130K01/210.63 mi21, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ2
£116.5K11/230.63 mi27, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ2
£150K12/220.7 mi8, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£138.5K04/210.7 mi34, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£123K11/200.7 mi14, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132K12/200.7 mi18, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£148.5K11/200.7 mi37, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£118.5K02/210.7 mi40, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£129K01/210.7 mi26, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£155K09/210.7 mi38, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£141.5K03/210.7 mi25, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.7 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.7 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£112K03/230.7 mi16, Beadnell Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0HA2
£108.5K03/210.7 mi18, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL2
£155K06/230.7 mi74, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL2
£128K02/240.7 mi14, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL2
£96.5K12/220.71 mi9, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£97K11/220.71 mi22, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£82K11/200.71 mi24, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£85K04/210.71 mi2, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£93K09/220.71 mi19, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£85.5K02/230.71 mi20, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£93K11/230.71 mi24, Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RG2
£162.5K07/210.75 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.75 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.75 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.75 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£150K10/220.75 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£130K04/230.81 mi30, Trevelyan Close, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FJ2
£86K08/220.82 mi4, St Marks Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RS2
£83.5K10/210.83 mi1, St Marks Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RS2
£75K07/230.83 mi13, St Marks Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RS2
£90K09/220.85 mi2, Cooperative Terrace, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0RW2
£139.3K02/210.87 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£132.5K06/210.88 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.88 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£90K11/200.9 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.9 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2

Local Rents

10 rents from £525/mo to £975/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£79905/240.07 miGarden Terrace, Earsdon2
£79905/240.07 miGarden Terrace, Earsdon2
£72505/240.43 miDukesfield, Earsdon View2
£73505/240.54 miDukesfield, Earsdon View2
£79507/240.54 miDukesfield, Shiremoor, Newcastle upon Tyne, Tyne and Wear, NE272
£97505/240.57 miThorntree Drive, Whitley Bay, Tyne and Wear, NE252
£77508/240.57 mi-2
£72009/230.6 mi-2
£77510/240.62 mi-2
£52504/230.62 mi-2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

1.16 miles away

Nearest school

0.40 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £155,000

February 16, 2025

Listed for £165,000

December 10, 2024

Description

  • Stunning Location within Earsdon Village! +
  • Period, Victorian Upper Flat +
  • Beautifully Presented Throughout +
  • Originally Three Bedrooms, Re-Designed to Offer Large Lounge/Dining Room +
  • Contemporary and Stylish Kitchen with Appliances +
  • Gorgeous, Re-Fitted Bathroom with Shower +
  • Two Spacious Bedrooms, Principle with Fitted Wardrobes +
  • Approximately 5-10 minute Drive from Coast +
  • Close to Metro, Schools and Bus Routes +

We feel incredibly lucky to market our second home in the wonderful Earsdon Village this month! Beautiful location, with pleasant views to both the front and rear of the flat. Earsdon Village has always been such a sought after location, with lovely walks, church and local pubs. With two Metro stations either side of the village, local bus routes and an approximate 5-10 minute drive from our gorgeous coastline, what's not to love! A Victorian, period upper flat, originally three bedrooms but re-designed to offer a superb sized lounge and dining area, perfect for the family, contemporary living flame fire, stylish modern fitted kitchen with integrated appliances, two spacious bedrooms, the principle bedroom with a range of attractive fitted wardrobes, providing ample hanging and storage space, splendid, re-fitted family bathroom with shower. Gas radiator central heating system, double glazing, fantastic, spacious rooms! A real gem of a flat! Leasehold. 999 years from 30/7/86. EPC: C, Council Tax Band: A

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?

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