4 Bed Semi-Detached House, Refurb/BRRR, Whitley Bay, NE26 3ED, £440,000

Carolyn Crescent, Whitley Bay, NE26 3ED - 3 views - 3 months ago

Sold STC
Refurb/BRRR
~129 m²
+22 photos

ValuationOvervalued

Sold Prices£310K - £935K
Sold Prices/m²£1K/m² - £5.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.4K/m²

Value Estimate

£420,060

 

 

End Value (After Refurb)

£418,725

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£110,000

Stamp Duty & Legal Fees

£23,900

Refurb Costs

£49,653

Bridging Loan Interest

£11,550

Total Cash In

£196,853

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£418,725

Mortgage (After Refinance)

£314,044

Mortgage LTV

75%

Cash Left In

£196,853

Equity

£104,681

Rent Range

£575 - £4,000

Rent Estimate

£1,547

Running Costs/mo

£1,638

Cashflow/mo

£-91

Cashflow/yr

£-1,091

Gross Yield

4%

Local Sold Prices

50 sold prices from £310K to £935K, average is £470.5K. £1K/m² to £5.8K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£445K01/230.06 mi7, Woodburn Way, Whitley Bay, Tyne And Wear NE26 3DX4
£310K10/200.07 mi66, Willoughby Drive, Whitley Bay, Tyne And Wear NE26 3DZ4
£313K12/200.08 mi1, Woodburn Drive, Whitley Bay, Tyne And Wear NE26 3HS4
£360K10/210.08 mi38, Woodburn Drive, Whitley Bay, Tyne And Wear NE26 3HX4
£460.4K04/240.13 mi22, St Lucia Close, Whitley Bay, Tyne And Wear NE26 3HT4
£540K12/210.14 mi4, Cragside, Whitley Bay, Tyne And Wear NE26 3DU4
£455K08/230.14 mi37, Cragside, Whitley Bay, Tyne And Wear NE26 3DU4
£340K10/200.16 mi103, Woodburn Drive, Whitley Bay, Tyne And Wear NE26 3HY4
£471K03/210.18 mi20, Rothley Way, Whitley Bay, Tyne And Wear NE26 3EW4
£400K10/230.19 mi33, Woodburn Square, Whitley Bay, Tyne And Wear NE26 3JE4
£460K04/210.2 mi8, Rothley Way, Whitley Bay, Tyne And Wear NE26 3EW4
£397.5K06/230.2 mi12, Rothley Way, Whitley Bay, Tyne And Wear NE26 3EW4
£450K11/200.23 mi5, St Martins Close, Whitley Bay, Tyne And Wear NE26 3JN4
£410K03/210.23 mi118, Monkseaton Drive, Whitley Bay, Tyne And Wear NE26 3DL4
£450K12/200.23 mi1, Cragside, Whitley Bay, Tyne And Wear NE26 3DU4
£710K08/240.23 mi89, St Marys Avenue, Whitley Bay, Tyne And Wear NE26 3TS4
£575K10/200.24 mi4, Colston Way, Whitley Bay, Tyne And Wear NE25 9UF4
£638.1K10/230.26 mi89, Monkseaton Drive, Whitley Bay, Tyne And Wear NE26 3DH4
£495K12/220.26 mi21, Chevington Grove, Whitley Bay, Tyne And Wear NE25 9UG4
£485K02/230.26 mi11, Clifton Grove, Whitley Bay, Tyne And Wear NE25 9UB4
£455K10/200.27 mi1, Dachet Road, Whitley Bay, Tyne And Wear NE25 9UQ4
£440K01/230.28 mi8, St Kitts Close, Whitley Bay, Tyne And Wear NE26 1JF4
£575K05/230.29 mi9, Darvall Close, Whitley Bay, Tyne And Wear NE25 9UJ4
£935K08/220.3 mi104, Holywell Avenue, Whitley Bay, Tyne And Wear NE26 3AF4
£550K02/210.31 mi10, Cranleigh Place, Whitley Bay, Tyne And Wear NE25 9UD4
£475K02/210.31 mi15, Shaftesbury Avenue, Whitley Bay, Tyne And Wear NE26 3TD4
£465K03/210.33 mi14, Shaftesbury Avenue, Whitley Bay, Tyne And Wear NE26 3TF4
£545K06/220.34 mi12, Grenada Drive, Whitley Bay, Tyne And Wear NE26 1HR4
£387K01/230.34 mi17, Grenada Drive, Whitley Bay, Tyne And Wear NE26 1HR4
£430K06/210.35 mi5, Earnshaw Way, Whitley Bay, Tyne And Wear NE25 9UL4
£765K08/230.35 mi35, Earnshaw Way, Whitley Bay, Tyne And Wear NE25 9UL4
£500K11/200.36 mi35, Links Avenue, Whitley Bay, Tyne And Wear NE26 1TF4
£595K04/230.37 mi22, Hobart, Whitley Bay, Tyne And Wear NE26 3TA4
£392.5K01/240.37 mi12, Kingston Drive, Whitley Bay, Tyne And Wear NE26 1JH4
£762.5K06/220.37 mi54, Brierdene Crescent, Whitley Bay, Tyne And Wear NE26 4AD4
£346K12/200.37 mi11, Hamilton Drive, Whitley Bay, Tyne And Wear NE26 1JG4
£470K11/220.37 mi23, Hamilton Drive, Whitley Bay, Tyne And Wear NE26 1JG4
£315K02/230.38 mi24, Claremont Road, Whitley Bay, Tyne And Wear NE26 3TW4
£700K08/230.39 mi15, St Marys Avenue, Whitley Bay, Tyne And Wear NE26 1TB4
£700K08/230.39 mi15, St Marys Avenue, Whitley Bay, Tyne And Wear NE26 1TB4
£915K09/230.39 mi9, Astley Drive, Whitley Bay, Tyne And Wear NE26 4AE4
£660K09/220.4 mi2, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ4
£415K08/230.4 mi13, Richmond Terrace, Whitley Bay, Tyne And Wear NE26 1SG4
£590K09/230.44 mi3, Brundon Avenue, Whitley Bay, Tyne And Wear NE26 1SE4
£650K07/210.44 mi11, Hascombe Close, Whitley Bay, Tyne And Wear NE25 9XQ4
£492K11/200.44 mi44, Brierdene Crescent, Whitley Bay, Tyne And Wear NE26 4AB4
£320K03/210.44 mi14, Swinbourne Gardens, Whitley Bay, Tyne And Wear NE26 3AZ4
£530K11/210.44 mi14, Swinbourne Gardens, Whitley Bay, Tyne And Wear NE26 3AZ4
£865K09/230.45 mi76, Holywell Avenue, Whitley Bay, Tyne And Wear NE26 3AD4
£382.5K11/200.46 mi46, Davison Avenue, Whitley Bay, Tyne And Wear NE26 1SD4

Local Rents

27 rents from £575/mo to £4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£2,00012/240.36 mi-4
£4,00005/240.62 miAshfield Grove, Whitley Bay7
£2,50006/240.64 miQueens Road, Whitley Bay5
£2,50007/240.64 miQueens Road, Whitley Bay5
£1,30005/240.68 miHermiston, Monkseaton, Whitley Bay3
£1,20004/250.7 mi-3
£1,25009/230.72 mi-3
£1,10007/240.76 miChathill Close, Whitley Bay3
£1,70006/240.81 miMuirfield, Monkseaton4
£1,30002/230.92 mi-4
£1,35007/240.92 miCauldwell Lane, Whitley Bay4
£1,25006/240.94 miBeach Avenue, Whitley Bay, Tyne and Wear, NE26 1DZ4
£1,50005/240.96 miThe Gardens, Monkseaton5
£2,50006/240.98 miHauxley Drive, Whitley Bay5
£95007/240.99 miCambridge Avenue, Whitley Bay. NE26 1BA3
£75006/241 miCauldwell Lane, Whitley Bay3
£1,40007/241 miCauldwell Lane, Whitley Bay, Tyne and Wear, NE253
£57503/251.02 mi-6
£1,80003/241.04 mi-5
£75005/241.07 miPark View, Whitley Bay4
£1,20006/241.09 miKingsley Avenue, Whitley Bay, Tyne and Wear, NE253
£1,20006/241.11 miKingsley Avenue, Whitley Bay4
£75007/241.16 miSouth Parade, Whitley Bay3
£1,30006/241.17 miThorntree Drive, West Monkseaton3
£3,00006/241.2 miMontague Apartments, Whitley Bay3
£1,15006/241.23 miEsplanade, Whitley Bay, Tyne and Wear, NE263
£1,15012/241.23 miEsplanade Rise, Whitley Bay, Tyne and Wear, NE263

Local Area Statistics

Population in NE26

19,169

Population in Whitley Bay

49,103

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £440,000

December 26, 2024

Floor Plans

Description

  • Four bedroom detached house +
  • No onward chain +
  • Sought after plot +
  • Desirable location +
  • Substantially extended +
  • South facing garden +
  • Close to Whitley Bay Promenade +
  • Sizable main bedroom +
  • Extensive off street parking +
  • Gas central heating +

A spacious four-bedroom semi-detached family home located on a sought-after street in an ideal setting, featuring a large plot and a south-facing garden. The property requires modernisation and will serve as an excellent family home. The accommodation briefly includes: entrance porch, living room, dining room, kitchen, sun room, four bedrooms, bathroom, separate WC, and sizable garage. Given various factors, we anticipate considerable interest and recommend an early viewing. Ground Floor The property features a convenient entrance porch that opens into a welcoming hallway, providing access to the front-facing living room, rear-facing kitchen, and stairs leading to the first floor.
The spacious living room offers ample room for freestanding furniture, while a central fireplace serves as the room's focal point, and a bay window allows plenty of natural light to fill the space. Sliding doors connect to the adjacent dining room.
An extension to the dining room creates a larger-than-average space, with windows on three sides of the extension and an external door that opens onto the south-facing garden.
The kitchen is outfitted with a variety of wall and base units paired with contrasting laminate worktops. A storage cupboard is installed in one corner, along with room for freestanding appliances. The combi boiler is mounted on one wall and was replaced approximately three years ago.
Adjacent to the kitchen, the substantial garage offers ample storage and off-street parking, with one door at the rear leading to the garden and another opening into the additional extension that features a sunroom, which can be utilised for various purposes depending on the buyer's needs. Entrance Porch - 1.38m x 1.87m (4'6" x 6'1") minimum measurements Living Room - 4.01m x 4.04m (13'1" x 13'3") excluding bay Dining Room - 4.85m x 3.07m (15'10" x 10'0") maximum measurements Kitchen - 3.16m x 3.03m (10'4" x 9'11") Sun Room - 4.37m x 3.19m (14'4" x 10'5") First Floor The roomy landing provides entry to all four bedrooms, the bathroom, a separate WC, and a storage cupboard.
The primary bedroom is large and located above the garage, offering views of the spacious rear garden.
Bedroom two and bedroom three are both double rooms, while the fourth bedroom is a single. Additionally, there are storage options in bedroom two and bedroom three.
The bathroom features a bathtub with an overhead shower and a washbasin. The WC is located in a separate adjacent room. Bedroom One - 7.06m x 4.58m (23'1" x 15'0") maximum measurements Bedroom Two - 3.37m x 3.78m (11'0" x 12'4") Bedroom Three - 3.36m x 2.82m (11'0" x 9'3") Bedroom Four - 2.49m x 2.72m (8'2" x 8'11") Bathroom - 1.69m x 1.76m (5'6" x 5'9") WC - 1.69m x 0.84m (5'6" x 2'9") Externally The property's front features a spacious concrete driveway alongside a landscaped garden, primarily consisting of gravel with borders, shrubs, and a mature tree.
The south-facing rear garden showcases a sizable area primarily covered in lawn, complemented by a paved seating space strategically placed to optimise the southern exposure. Tall trees surround the back of the garden, providing a private and lush view during the summer season. Garage - 8.09m x 4.42m (26'6" x 14'6") maximum measurements Location Whitley Bay is a charming coastal town recognised for its harmonious blend of traditional and contemporary elements, lively and serene.
The town centre honours its varied heritage while offering top-notch modern facilities, including a variety of boutique shops, outstanding schools, and superb public transportation connections. Disclaimer Whilst we endeavour to ensure our sales particulars are accurate and reliable, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by WalkersXchange therefore we cannot give a guarantee as to their operating ability or efficiency. All measurements have been taken as a guide to prospective buyers only.

Agent Details

WalkersXchange, Sunniside & the North East

0191 743 9208

Next Steps?

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