2 Bed Flat, Single Let, Whitley Bay, NE25 8DR, £130,000

Front Street, Monkseaton, NE25 8DR - 3 months ago

Under Offer
Leasehold
BTL
ROI: 2%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£90K - £249.9K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£154,198
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£595 - £1,300

Rent Estimate

£596

Running Costs/mo

£545

Cashflow/mo

£51

Cashflow/yr

£607

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £249.9K, average is £139.6K. £1.4K/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£140K06/210.09 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£128K01/210.11 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.11 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.11 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.11 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£140K02/210.22 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£110K11/200.22 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.22 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.22 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.22 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£127.5K08/210.26 mi79, Kenilworth Road, Whitley Bay, Tyne And Wear NE25 8BB2
£185K04/230.43 mi17, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£147.5K01/210.43 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£155K02/210.43 mi29, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£175K05/230.43 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£180K01/230.43 mi50, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£165K07/210.43 mi69, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£150K07/210.43 mi76, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£182K10/220.43 mi68, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£101.5K12/200.45 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.45 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.45 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£150K07/230.47 mi12a, Fairfield Drive, Whitley Bay, Tyne And Wear NE25 9SL2
£115K03/210.47 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.47 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£146.5K11/220.47 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£115K02/210.47 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£127.5K09/230.47 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£135K03/210.51 mi8, Holm Green, Whitley Bay, Tyne And Wear NE25 9SQ2
£90K11/200.52 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£130K12/220.52 mi14, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.52 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£132.5K06/210.53 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.53 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£157.5K01/230.54 mi58, Monks Avenue, Whitley Bay, Tyne And Wear NE25 9RT2
£99K12/200.55 mi4, Park View Court, Whitley Bay, Tyne And Wear NE26 3LJ2
£159K06/210.58 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.58 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.58 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£157K04/210.58 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£127.5K05/210.59 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£249.9K03/230.59 mi50b, Marine Avenue, Whitley Bay, Tyne And Wear NE26 1NF2
£139.3K02/210.6 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£150K10/220.61 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.61 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.61 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£162.5K07/210.61 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.61 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£139.9K09/210.62 mi50, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£137.5K10/220.64 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2

Local Rents

34 rents from £595/mo to £1.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£79508/240.08 mi-2
£75001/240.08 mi-2
£1,29503/250.19 mi-2
£1,30011/240.23 mi-2
£79508/240.24 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£1,05005/240.3 mi19 Uplands2
£70003/230.3 mi-2
£72505/240.33 miParkside Court, Whitley Bay2
£80006/240.41 miAthol Gardens, Whitley Bay2
£69001/240.46 mi-2
£77505/240.48 miHolm Green, Whitley Bay2
£82507/240.48 mi-2
£80009/240.48 mi-2
£80006/240.48 miFairfield Drive, Whitley Bay, NE252
£90003/250.48 mi-2
£90006/230.48 mi-2
£70007/240.48 miBirkdale, Whitley Bay2
£70005/240.49 miBirkdale, Whitley Bay2
£69505/240.5 miAlnwick Avenue, Whitley Bay2
£60005/240.51 mi-2
£81506/240.52 miBirkdale, Whitley Bay2
£69505/240.52 miAlnwick Avenue, Whitley Bay2
£59506/230.53 mi-2
£59507/230.53 mi-2
£79508/240.55 miFriars Rise, Monkseaton, Whitley Bay2
£89505/240.56 miTurnberry, Whitley Bay, Tyne and Wear, NE252
£1,30003/250.56 miNewlands, Whitley Bay2
£81501/250.56 mi-2
£81502/250.56 mi-2
£79507/240.59 miTurnberry, Monkseaton2
£80006/230.6 mi-2
£80008/240.6 mi-2
£80006/240.6 miTurnberry, Whitley Bay, NE252
£95006/240.61 miTurnberry, West Monkseaton, Whitley Bay, Tyne and Wear, NE25 9NZ2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £130,000

January 15, 2025

Floor Plans

Description

Signature North East is thrilled to present this charming two-bedroom, ground-floor flat, situated in the heart of Monkseaton, Whitley Bay. Boasting the huge advantage of no upward chain, this property is a perfect choice for first-time buyers, downsizers, or investors.

The location is exceptional, offering close proximity to the stunning coastline, Monkseaton Metro Station for excellent transport links, and a well-connected road network. There are also an abundance of local amenities within walking distance, including shops, cafes, and leisure facilities, ensuring convenience right on your doorstep. The property further benefits from an allocated parking bay, making it both practical and appealing in this thriving community setting.

Upon entering, you are greeted by a central hallway leading to the large, inviting living room. This bright space features a generous window that floods the room with natural light, providing ample space for your ideal furnishings. The adjoining kitchen enhances the open-plan layout, with great storage offered by both wall and base units, as well as plentiful countertop space. The kitchen is also equipped with integrated appliances, including a fridge freezer, oven and hob, dishwasher, and washing machine.

Continuing through the property, you will find two well-proportioned bedrooms, with the primary bedroom offering ample space for a double bed and additional furnishings. The primary bedroom is further enhanced by its own en-suite, complete with a shower, W.C., and hand basin. The second bedroom offers a versatile space that can easily accommodate a single bed and additional furnishings. It could also be perfect as a home office or a children's room, providing flexibility to suit your needs. Completing the home is the main bathroom, which includes a bath, W.C., and hand basin, offering both practicality and comfort.

Living Room - 4.25 x 3.65 (13'11" x 11'11") -

Kitchen - 2.52 x 2.42 (8'3" x 7'11") -

Bedroom One - 3.69 x 3.45 (12'1" x 11'3") -

En Suite - 2.36 x 1.23 (7'8" x 4'0") -

Bedroom Two - 3.31 x 2.25 (10'10" x 7'4") -

Bathroom - 2.38 x 2.13 (7'9" x 6'11") -

Agent Details

Signature, Whitley Bay

0191 625 0122

Next Steps?

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