2 Bed Flat, Single Let, Whitley Bay, NE25 0DY, £71,000

53 Blyth Street, Seaton Delaval, Whitley Bay, NE25 0DY - 3 months ago

Leasehold
BTL
ROI: 8%
77 m²
+4 photos

ValuationUndervalued

Sold Prices£53.5K - £116K
Sold Prices/m²£1K/m² - £1.9K/m²

 

 

Square Metres

77 m²
Price/m²£922/m²

Value Estimate

£88,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,750

Stamp Duty & Legal Fees

£4,750

Total Cash In

£22,500

 

 

Cash Out

 

Rent Range

£350 - £750

Rent Estimate

£481

Running Costs/mo

£338

Cashflow/mo

£143

Cashflow/yr

£1,715

ROI

8%

Gross Yield

8%

Local Sold Prices

24 sold prices from £53.5K to £116K, average is £76.3K. £1K/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£80K11/200.15 mi23, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF2
£104K12/220.15 mi11, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF2
£72K02/210.55 mi19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE2
£72K02/210.55 mi19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE2
£85K08/220.55 mi19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE2
£104K10/220.58 mi16, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW2
£110K05/230.58 mi14, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW2
£71K03/210.58 mi6, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW2
£58K01/210.75 mi4, Denham Drive, Seaton Delaval, Whitley Bay, Northumberland NE25 0LA2
£116K03/230.94 mi25, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND2
£98K08/210.94 mi3, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND2
£64K06/211.87 mi7, Weetwood Road, Cramlington, Northumberland NE23 6HT2
£76.5K11/211.87 mi13, Weetwood Road, Cramlington, Northumberland NE23 6HT2
£55K08/231.89 mi67, Winshields, Cramlington, Northumberland NE23 6JB2
£76K11/201.9 mi46, Whitelaw Place, Cramlington, Northumberland NE23 6HY2
£70K04/211.93 mi12, Wreay Walk, Cramlington, Northumberland NE23 6LL2
£77.5K04/231.93 mi46, Wreay Walk, Cramlington, Northumberland NE23 6LL2
£60K03/211.94 mi4, Woodhill Road, Cramlington, Northumberland NE23 6JQ2
£54K11/211.94 mi10, Woodhill Road, Cramlington, Northumberland NE23 6JQ2
£78K02/211.96 mi10, Otley Close, Cramlington, Northumberland NE23 2YP2
£83K02/231.99 mi37, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£75K05/211.99 mi15, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£80K12/201.99 mi43, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£53.5K06/211.99 mi7, Wreay Walk, Cramlington, Northumberland NE23 6LJ2

Local Rents

11 rents from £350/mo to £750/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£47507/230.04 mi-2
£52509/240.04 mi-2
£62507/240.12 mi-2
£62507/240.12 mi-2
£62507/240.12 miHartley Street, Seaton Delaval, Whitley Bay, NE252
£62506/240.21 miQueens Court, Seaton Delaval, Whitley Bay, Northumberland, NE25 0BR2
£75008/240.26 miPark View, Seaton Delaval, Whitley Bay2
£69506/240.32 mi-2
£35005/240.34 miElsdon Avenue, Whitley Bay2
£75006/240.56 miNewburgh Avenue, Seaton Delaval, Whitley Bay2
£70008/240.94 miLaurel Terrace, Holywell, Whitley Bay2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

2.75 miles away

Nearest school

0.20 miles away

Nearest train station

2.68 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Price changed to £71,000

March 24, 2025

Price changed to £74,000

February 28, 2025

Listed for £79,950

January 15, 2025

Description

  • Ground floor flat +
  • Central convenient Location +
  • Lounge to the rear +
  • Re-fitted Kitchen +
  • Two Bedrooms +
  • Bathroom/WC +
  • Rear yard/garage +
  • No upper chain +

Located in the heart of Seaton Delaval is this ground floor flat offering excellent first time buyer/ and or investment accommodation.

Close to all local amenities including shops, schools and the new Northumberland Trainline as well as a newly built "Super school" opening in the near future.

Briefly comprising: Reception Hallway, Lounge to the rear, Kitchen with a range of wall and floor units, bathroom/Wc with panelled bath and shower over, wash hand basin and low level WC, Two bedrooms, Externally there is parking on the street at the front, rear yard and garage.

No Upper chain

Reception Hallway -

Lounge - 4.37m x 3.91m (14'4 x 12'10) -

Kitchen - 2.51m x 2.44m (8'3 x 8'0) -

Bedroom 1 - 4.32m x 4.04m (14'2 x 13'3) -

Bedroom 2 - 3.35m x 2.34m (11'0 x 7'8) -

Bathroom/Wc -

Viewings - OFFICE HOURS:
Monday - Friday 9:00am - 5:00pm
Saturday 9:00am - 2:00pm

We are contactable after hours on our social media pages and via email
VIEWING: Viewing is strictly by appointment through: - ML Estates, 27 Avenue Road, Seaton Delaval, Tyne & Wear, NE25 0DT

Disclaimer - ML Estates Ltd endeavour to maintain accurate descriptions of properties in Virtual Tours, Brochures, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.

All rooms have been measured with electronic laser and are approximate measurements only. None of the services to the above property have been tested by ourselves, and we cannot guarantee that the installations described in the details are in perfect working order.

ML Estates for themselves, the vendors or lessors, produce these brochures in good faith and are a guideline only. They do not constitute any part of a contract and are correct to the best of our knowledge at the time of going to press. Pictures may appear distorted due to enlargement and are not to be used to give an accurate reflection of size. All negotiations and payments are subject to contract.
The Tenure of the property should be clarified by your legal representative prior to exchange of contracts.

Agent Details

M L Estates Ltd, Seaton Delaval

0191 625 0966

Next Steps?

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