8 Bed HMO, Whitley Bay, NE26 1PA, £350,000

North Parade, Whitley Bay, Tyne and Wear, NE26 1PA - 42 views - 3 months ago

HMO
Refurb/BRRR
ROI: 6%
~248 m²
+13 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£95,267

Bridging Loan Interest

£9,188

Total Cash In

£210,404

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£506,658

Agent Fees (1%)

£5,067

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£28,687













Property History

Listed for £350,000

January 6, 2025

Floor Plans

Description

Spacious Mid-Terrace Home – Ideal Project Opportunity

This generous three-story mid-terrace property offers immense potential, currently configured with 9 bedrooms, including up to 6 en-suite bathrooms. Situated just moments from the stunning Whitley Bay Beach, this home presents an excellent opportunity for a variety of buyers, whether you're looking to create a spacious family home, a multi-let investment, or a renovation project.

The property boasts off-street parking to the front, providing added convenience, while the versatile layout spans three floors, allowing for flexible use of space. With its prime location near the beach, local amenities, and transport links, this property is ideal for those seeking a coastal lifestyle or an investment with great rental potential.

This is a fantastic opportunity for those with vision and a desire to make their mark on a well-positioned property in one of the area’s most sought-after locations.

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Whitley Bay

0191 625 0822

Next Steps?

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

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