3 Bed Flat, Single Let, Whitley Bay, NE25 0AY, £90,000

41 Hartburn Terrace, Seaton Deleval, NE25 OAY - 4 months ago

Sold STC
Leasehold
BTL
ROI: 7%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£103K - £310K
Sold Prices/m²£1.3K/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£108,900
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£500 - £995

Rent Estimate

£556

Running Costs/mo

£412

Cashflow/mo

£144

Cashflow/yr

£1,723

ROI

7%

Gross Yield

7%

Local Sold Prices

9 sold prices from £103K to £310K, average is £180K. £1.3K/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£103K01/210.53 mi8, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND3
£205K11/201.75 mi12, Marine View, Seaton Sluice, Whitley Bay, Northumberland NE26 4JY3
£131.5K02/211.92 mi24, John Street, Earsdon, Whitley Bay, Tyne And Wear NE25 9LH3
£180K11/221.96 mi13, Collywell Bay Road, Seaton Sluice, Whitley Bay, Northumberland NE26 4QZ3
£310K10/232.84 mi2a, Davison Avenue, Whitley Bay, Tyne And Wear NE26 1SD3
£105K10/222.87 mi1, Viking Court, Blyth, Northumberland NE24 3UG3
£195K02/232.9 mi100, Front Street, Monkseaton, Whitley Bay, Tyne And Wear NE25 8DL3
£135K02/232.91 mi37, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8SS3
£182K04/213 mi10a, Coronation Crescent, Whitley Bay, Tyne And Wear NE25 8AJ3

Local Rents

12 rents from £500/mo to £995/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£89508/240.04 miHartburn Terrace, Seaton Delaval, Whitley Bay3
£89507/240.04 miHartburn Terrace, Seaton Delaval, Whitley Bay, Northumberland, NE253
£85010/240.22 mi-3
£50005/230.26 mi-3
£50007/230.26 mi-3
£65012/230.3 mi-3
£99507/240.42 mi-3
£99507/240.42 miDenham Drive, Seaton Delaval, Whitley Bay, NE253
£95012/240.51 miAstley Road, Seaton Delaval, NE253
£95006/240.52 miWallridge Drive, Holywell3
£90007/240.52 miWallridge Drive, Holywell3
£92507/240.54 miWhitley Terrace, Holywell3

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

2.33 miles away

Nearest school

0.30 miles away

Nearest train station

2.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £90,000

December 26, 2024

Floor Plans

Description

  • Leasehold +
  • Upper Floor Flat +
  • No Chain +
  • Potential Investment Property +
  • Off Street Parking +

Welcome to this well-presented three-bedroom upper-floor flat, conveniently situated in Seaton Delaval. This inviting property features a spacious living room, kitchen and 3 bedrooms. There are three well proportioned bedrooms too which could be versatile in use. The thoughtfully maintained interior boasts neutral décor and comfortable living areas that create a warm and welcoming atmosphere throughout. Externally there is on street parking to the front and a private yard to the rear. The flat benefits from an excellent location with superb transport links, ensuring easy access to nearby towns, local shops, and the city centre. For outdoor enthusiasts, the area is also close to recreational facilities, and the picturesque North East coastline, providing a perfect blend of convenience and leisure. This property is ideal for first-time buyers, professionals, or investors seeking a quality addition to their portfolio. Don’t miss this fantastic opportunity to secure a lovely home in a lovey community.
EPC Rating D
Council Tax Band A
Tenure - The agent understands the property to be leasehold 977 years remaining from 28/03/2003 to 28/03/3002. However, this should be confirmed with a licensed legal representative.

Agent Details

Prime Property Associates, Newcastle Upon Tyne

0191 743 9851

Next Steps?

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