2 Bed Flat, Single Let, Whitley Bay, NE25 8NN, £120,000

211C Malcolm Court, Whitley Bay, NE25 8NN - 4 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~49 m²
+4 photos

ValuationOvervalued

Sold Prices£90K - £175K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~48.60 m²
Price/m²£2.5K/m²

Value Estimate

£112,186

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£690 - £1,300

Rent Estimate

£700

Running Costs/mo

£535

Cashflow/mo

£165

Cashflow/yr

£1,980

ROI

5%

Gross Yield

7%

Local Sold Prices

51 sold prices from £90K to £175K, average is £135K. £1.7K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£101.5K12/200.01 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.01 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.01 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£146.5K11/220.02 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£135K03/210.11 mi8, Holm Green, Whitley Bay, Tyne And Wear NE25 9SQ2
£150K07/230.12 mi12a, Fairfield Drive, Whitley Bay, Tyne And Wear NE25 9SL2
£139.3K02/210.18 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£162.5K07/210.2 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.2 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.2 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.2 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£150K10/220.21 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£123K11/200.27 mi14, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132K12/200.27 mi18, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£148.5K11/200.27 mi37, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£118.5K02/210.27 mi40, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£129K01/210.27 mi26, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£155K09/210.27 mi38, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£141.5K03/210.27 mi25, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.27 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.27 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£157.5K01/230.27 mi58, Monks Avenue, Whitley Bay, Tyne And Wear NE25 9RT2
£150K12/220.27 mi8, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£138.5K04/210.27 mi34, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132.5K06/210.29 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.29 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£161.9K08/230.31 mi11, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU2
£90K11/200.32 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.32 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£130K12/220.32 mi14, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£127.5K09/230.36 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£115K03/210.37 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.37 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£115K02/210.38 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£140K06/210.38 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£128K01/210.45 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.45 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.45 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.45 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£110K11/200.47 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£140K02/210.47 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.47 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.47 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.47 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£127.5K05/210.54 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£139.9K09/210.57 mi50, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£137.5K10/220.62 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£157K04/210.64 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£159K06/210.64 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.64 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.64 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2

Local Rents

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

RentDateDistanceAddressBeds 
£69001/240.12 mi-2
£82507/240.13 mi-2
£80009/240.13 mi-2
£80006/240.13 miFairfield Drive, Whitley Bay, NE252
£77505/240.13 miHolm Green, Whitley Bay2
£90003/250.13 mi-2
£89505/240.16 miTurnberry, Whitley Bay, Tyne and Wear, NE252
£95006/240.18 miTurnberry, West Monkseaton, Whitley Bay, Tyne and Wear, NE25 9NZ2
£80006/230.19 mi-2
£80008/240.19 mi-2
£80006/240.19 miTurnberry, Whitley Bay, NE252
£79507/240.2 miTurnberry, Monkseaton2
£1,30011/240.25 mi-2
£75007/240.27 miCarnoustie Court, Whitley Bay, NE252
£70007/240.27 miCarnoustie Court, Monkseaton2
£70008/240.27 miCarnoustie Court, Monkseaton2
£80012/240.27 miCarnousite Court, Monkseaton2
£1,29503/250.31 mi-2
£81501/250.33 mi-2
£81502/250.33 mi-2
£1,05005/240.34 mi19 Uplands2
£79508/240.35 miFriars Rise, Monkseaton, Whitley Bay2
£90006/230.37 mi-2
£70007/240.37 miBirkdale, Whitley Bay2
£75001/240.39 mi-2
£70005/240.39 miBirkdale, Whitley Bay2
£81506/240.4 miBirkdale, Whitley Bay2
£80006/240.42 miAthol Gardens, Whitley Bay2
£79508/240.42 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£97505/240.43 miThorntree Drive, Whitley Bay, Tyne and Wear, NE252
£79509/240.44 mi-2
£1,30003/250.53 miNewlands, Whitley Bay2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.67 miles away

Nearest school

0.30 miles away

Nearest train station

0.15 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 £120,000

March 4, 2025

Listed for £130,000

December 23, 2024

Floor Plans

Description

  • First floor flat +
  • Purpose-built block +
  • Two bedrooms +
  • Living room +
  • Good-sized separate kitchen +
  • Bathroom with shower over bath +
  • Light with picture windows +
  • Fresh neutral decor +
  • Communal Garden +
  • Car Port +

Top floor purpose-built apartment with two bedrooms, living room, kitchen with appliances and bathroom with shower over bath. Very close to Metro Station. Maintained communal gardens. Parking included in car port beneath flat.

Communal - The building is accessed via secure entry system/key to the main front door, with stairs giving access to all flats. There are two on each floor, and this property is located on the first floor.

Hallway - 2.18 x 3.87 (7'1" x 12'8") - Solid wood front door opens to private hallway giving access throughout the flat and having substantial storage cupboard.

Living Room - 3.64 x 3.97 (11'11" x 13'0") - Bright room located at the rear of the property with large window; pendant light-fitting and radiator.

Kitchen - 2.42 x 2.24 (7'11" x 7'4") - With window the the front of the property, fitted with a range of wall and eye units and having integrated appliances: fridge freezer; electric oven and gas hob with extractor over and dishwasher. Space/plumbing for washing machine.

Master Bedroom - 3.47 x 2.4 (11'4" x 7'10") - Located to the front of the apartment with window; radiator and pendant light fitting.

Second Bedroom - 2.41 x 3.42 (7'10" x 11'2") - Overlooking the rear of the building with large picture window; inbuilt storage cupboard; radiator and pendant light fitting.

Bathroom - 2.42 x 1.53 (7'11" x 5'0") - Primarily tiled room with opaque window to the front aspect, fitted with white suite comprising low-level wc; pedestal handwash basin and bath with electric shower over. Also having radiator.

External - The building is set in maintained communal gardens with pleasant seating areas, and the apartment benefits from carport parking.

Agent Details

Hunters, North Shields

0191 290 6000

Next Steps?

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