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 |
BMV | 25% |
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.
Local Rents
11 rents from £350/mo to £750/mo, average is £625/mo.
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
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