6 Bed Terraced House, Single Let, Whitley Bay, NE26 2DY, £360,000

Albany Gardens, Whitley Bay, NE26 2DY - 4 months ago

Sold STC
Auction
BTL
~186 m²
+11 photos

ValuationUndervalued

Sold Prices£138K - £1.4M
Sold Prices/m²£670/m² - £4.6K/m²

 

 

Square Metres

~186 m²
Price/m²£1.9K/m²

Value Estimate

£442,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£17,500

Total Cash In

£107,500

 

 

Cash Out

 

Rent Range

£575 - £3,000

Rent Estimate

£750

Running Costs/mo

£1,295

Cashflow/mo

£-545

Cashflow/yr

£-6,540

Gross Yield

3%

Local Sold Prices

25 sold prices from £138K to £1.4M, average is £500K. £670/m² to £4.6K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£325K09/230.13 mi9, Linden Terrace, Whitley Bay, Tyne And Wear NE26 2AA6
£196K02/210.16 mi18, Esplanade Place, Whitley Bay, Tyne And Wear NE26 2AB6
£385K12/200.18 mi34, Edwards Road, Whitley Bay, Tyne And Wear NE26 2BJ6
£138K12/220.22 mi23, North Parade, Whitley Bay, Tyne And Wear NE26 1NU6
£420K03/230.28 mi18, Whitley Road, Whitley Bay, Tyne And Wear NE26 2PL6
£366K02/210.3 mi82, Park Avenue, Whitley Bay, Tyne And Wear NE26 1DL6
£417.5K03/230.35 mi45, Park Parade, Whitley Bay, Tyne And Wear NE26 1DT6
£398K11/230.38 mi39, Beach Avenue, Whitley Bay, Tyne And Wear NE26 1DZ6
£635K11/210.42 mi59, Grosvenor Drive, Whitley Bay, Tyne And Wear NE26 2JR6
£767K09/230.42 mi59, Grosvenor Drive, Whitley Bay, Tyne And Wear NE26 2JR6
£752K10/220.58 mi17, Hawthorn Gardens, Whitley Bay, Tyne And Wear NE26 3PQ6
£950K10/220.6 mi13, Hawthorn Gardens, Whitley Bay, Tyne And Wear NE26 3PQ6
£1.2M02/230.69 mi92, Marine Avenue, Whitley Bay, Tyne And Wear NE26 3LS6
£825.3K02/210.7 mi19, Beverley Gardens, North Shields, Tyne And Wear NE30 4NS6
£965.3K07/230.72 mi11, Beverley Terrace, Cullercoats, North Shields, Tyne And Wear NE30 4NT6
£1.4M04/220.92 mi37, Holywell Avenue, Whitley Bay, Tyne And Wear NE26 3AQ6
£425K10/210.94 mi9, Windsor Road, Whitley Bay, Tyne And Wear NE25 8EE6
£500K01/211.52 mi37, Hillsden Road, Whitley Bay, Tyne And Wear NE25 9XF6
£1.1M10/221.56 miSpital Dene House, King Edward Road, North Shields, Tyne And Wear NE30 2SN6
£755K11/201.6 mi18, Woodlands, North Shields, Tyne And Wear NE29 9JT6
£485K05/211.64 mi11, Hotspur Street, Tynemouth, North Shields, Tyne And Wear NE30 4EJ6
£800K01/231.67 mi7, Huntingdon Place, North Shields, Tyne And Wear NE30 4RF6
£320K06/211.72 mi99, Park Crescent, North Shields, Tyne And Wear NE30 2HL6
£960K01/211.72 mi5, Front Street, Tynemouth, North Shields, Tyne And Wear NE30 4RG6
£435K08/231.97 mi64, Cleveland Road, North Shields, Tyne And Wear NE29 0NT6

Local Rents

29 rents from £575/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15005/240.05 miStation Road, Whitley Bay3
£1,80005/240.11 miStyan Avenue, Whitley Bay5
£1,35009/240.11 mi-4
£1,10004/240.14 mi-3
£1,10008/240.14 mi-3
£1,10007/240.14 miWhitley Road, Whitley Bay, NE263
£1,15006/240.17 miEsplanade, Whitley Bay, Tyne and Wear, NE263
£1,15012/240.17 miEsplanade Rise, Whitley Bay, Tyne and Wear, NE263
£75007/240.19 miSouth Parade, Whitley Bay3
£1,30005/240.2 miPlessey Crescent, Whitley Bay3
£1,20005/240.21 miPlessey Crescent, Whitley Bay, Tyne And Wear, NE253
£2,20010/240.23 mi-4
£2,20007/240.23 miHigh Point View, Whitley Bay, NE264
£3,00006/240.24 miMontague Apartments, Whitley Bay3
£75005/240.27 miPark View, Whitley Bay4
£1,00005/240.29 miMarden Road, Whitley Bay, NE253
£1,65007/240.29 miMarden Road South, Whitley Bay, Tyne and Wear, NE253
£57502/250.3 mi-6
£1,40010/240.31 mi-3
£95007/240.33 miCambridge Avenue, Whitley Bay. NE26 1BA3
£1,25005/240.35 miFoxton Avenue, Cullercoats3
£99507/240.35 mi-3
£1,25006/240.4 miBeach Avenue, Whitley Bay, Tyne and Wear, NE26 1DZ4
£1,35005/240.47 miFalconer Court, Cullercoats3
£1,20006/240.49 miKingsley Avenue, Whitley Bay, Tyne and Wear, NE253
£1,20006/240.5 miKingsley Avenue, Whitley Bay4
£1,20005/240.53 miCranbourne Grove, North Shields3
£1,30005/240.55 miSeacombe Avenue, Cullercoats, North Shields3
£1,20010/240.58 mi-3

Local Area Statistics

Population in NE26

19,169

Population in Whitley Bay

49,103

Town centre distance

1.32 miles away

Nearest school

0.30 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £360,000

January 6, 2025

Floor Plans

Description

  • Modern Method Auction ends 28.11.24 at 12noon +
  • No Chain +
  • Modern Method of Auction +
  • 6 / 7 bedroom End Terrace house +
  • Corner plot with generous size gardens to the front, side and rear +
  • 5 minutes walk to the beautiful coast +
  • 2 minutes walk to Whitley Bay metro train +
  • Pedestrian access in front of the house +
  • Large house with so much potential with investment and vision +
  • Close to a range of amenities +

MODERN METHOD OF AUCTION ENDS 28.11.24 at 12 noon With vision and imagination and full refurbishment, you can already see the amazing potential in this large, fantastic end terrace house set in Whitley Bay! The fact that it is being sold through the modern method of auction means that you have the perfect opportunity to turn it into a dream family home or a lucrative investment.

Although it does require refurbishment, don't let that discourage you. With some attention to detail, this property can be brought back to life and shine once again. Spread across three floors, it offers an impressive 6/7 bedrooms and 2/3 reception rooms. The flexible layout provides ample space for you to create the perfect arrangement that suits your needs. Plus, it sits on a generous corner plot, giving you even more potential to expand and enhance.

As you approach the property, you'll be greeted by its generous front and side gardens. With a touch of landscaping, you can transform them into a private oasis where you can soak up the sunshine and enjoy outdoor living. Additionally, there is a large yard to the side and rear of the house, offering endless possibilities for your outdoor projects.

Once inside, you'll be welcomed by an inviting vestibule area and an entrance hall leading to a variety of reception rooms. The large reception room with its bay window and doors opening onto the garden is bright and welcoming. Its high ceilings and elegant coving add a touch of sophistication. The partially open second front reception room, which seamlessly connects to the rear reception room, presents you with endless possibilities. Currently housing kitchen units, the rear reception room offers space and character features that you can truly make your own.

Beyond the staircase, there is another room currently being used for storage, but it holds immense potential for various other uses. Upstairs, you'll find a bathroom with a shower, bath, and WC suite, as well as an additional WC conveniently located next door. The landing leads to three large bedrooms and a smaller single room, two of which boast built-in wardrobes in their alcoves and all retaining some beautiful original features.

But the adventure doesn't end there! Ascend to the top floor, and you'll be delighted to discover two spacious attic bedrooms and additional storage space. There's even a 7th option for a bedroom, which currently features kitchen units and a sink, as it was previously used as a self-contained kitchen for the upstairs residents of the flat.

Location-wise, you couldn't ask for more. Just a 2-minute walk away, you'll find the local metro station and buses, providing easy access to all your commuting needs. Moreover, a plethora of amenities, including charming cafes, bespoke shops, delightful restaurants, and bars, awaits you nearby. And if you're captivated by the stunning coastline stretching between Whitley Bay and Tynemouth, you'll be pleased to know that reaching the sea will take you a mere 5-minute walk. Additionally, the area boasts fantastic schools, making it an ideal location for families.

This house offers an abundance of living and outdoor space, and the true potential it holds can only be fully appreciated through a visit. While it does require some refurbishment and investment, the possibilities that lie within are enormous. Don't miss out on this golden opportunity to create your dream home or make a profitable investment. Seize this chance to breathe new life into this remarkable property and embark on an exciting journey of transformation!

Auctions ENDS 12.09.24 at 1pm This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the 'Reservation Period'). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a nonrefundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

EweMove, Whitley Bay & Tynemouth

0191 743 2731

Next Steps?

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