2 Bed Flat, Single Let, Whitley Bay, NE25 9NB, £130,000

The Leas, Monkseaton, NE25 9NB - 2 views - 3 months ago

Leasehold
BTL
ROI: 2%
~63 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~63.05 m²
Price/m²£2.1K/m²

Value Estimate

£137,990
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£595 - £2,000

Rent Estimate

£597

Running Costs/mo

£546

Cashflow/mo

£51

Cashflow/yr

£616

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £249.9K, average is £135.2K. £1.4K/m² to £3.6K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£127.5K08/210.14 mi79, Kenilworth Road, Whitley Bay, Tyne And Wear NE25 8BB2
£185K04/230.24 mi17, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£147.5K01/210.24 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£155K02/210.24 mi29, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£175K05/230.24 mi19, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£180K01/230.24 mi50, Village Court, Whitley Bay, Tyne And Wear NE26 3QA2
£165K07/210.25 mi69, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£150K07/210.25 mi76, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£182K10/220.25 mi68, Village Court, Whitley Bay, Tyne And Wear NE26 3QB2
£128K01/210.25 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.25 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.25 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.25 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£140K06/210.27 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£140K02/210.35 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£110K11/200.35 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.35 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.35 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.35 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£99K12/200.37 mi4, Park View Court, Whitley Bay, Tyne And Wear NE26 3LJ2
£249.9K03/230.41 mi50b, Marine Avenue, Whitley Bay, Tyne And Wear NE26 1NF2
£153K12/200.58 mi102, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£115K03/210.58 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.58 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£144K03/230.58 mi104, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£129.9K11/200.58 mi82, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£173K09/230.58 mi96, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£115K02/210.58 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£127.5K10/200.58 mi73, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£135K11/200.59 mi4, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£138K02/230.59 mi19, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£127.5K09/230.59 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£120K11/200.6 mi30, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JF2
£210K09/210.6 mi12, The Links, Whitley Bay, Tyne And Wear NE26 1PS2
£190K04/210.6 mi10, The Links, Whitley Bay, Tyne And Wear NE26 1PS2
£159K06/210.6 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.6 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.6 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£157K04/210.6 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£127.5K10/200.61 mi75, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127K04/230.61 mi25, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£131.5K02/210.61 mi59, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£122.5K02/210.62 mi36, Clifton Terrace, Whitley Bay, Tyne And Wear NE26 2JD2
£115K03/210.63 mi33, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN2
£180K02/230.64 mi9a, Brook Street, Whitley Bay, Tyne And Wear NE26 1AF2
£118K01/210.64 mi8, St Martins Court, Whitley Bay, Tyne And Wear NE26 3JP2
£101.5K12/200.64 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.64 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.64 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£90K11/200.65 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2

Local Rents

23 rents from £595/mo to £2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£70003/230.14 mi-2
£72505/240.16 miParkside Court, Whitley Bay2
£79508/240.24 mi-2
£75001/240.27 mi-2
£69505/240.32 miAlnwick Avenue, Whitley Bay2
£60005/240.33 mi-2
£69505/240.33 miAlnwick Avenue, Whitley Bay2
£59506/230.34 mi-2
£59507/230.34 mi-2
£1,29503/250.35 mi-2
£79508/240.38 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£1,05005/240.42 mi19 Uplands2
£1,30011/240.42 mi-2
£80005/240.45 miPark Parade, Whitley Bay2
£85006/240.45 miPark Parade, Whitley Bay2
£75008/230.55 mi-2
£2,00007/240.56 mi-2
£80006/240.56 miAthol Gardens, Whitley Bay2
£99512/230.58 mi-2
£90006/230.6 mi-2
£70005/240.6 miBirkdale, Whitley Bay2
£70007/240.6 miBirkdale, Whitley Bay2
£70006/240.62 miClifton Terrace, Whitley Bay2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.66 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 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 £130,000

February 28, 2025

Price changed to £140,000

February 4, 2025

Listed for £149,950

January 16, 2025

Floor Plans

Description

  • TWO BEDROOMS +
  • GROUND FLOOR APARTMENT +
  • NO UPPER CHAIN +
  • SECURE UNDERGROUND PARKING +
  • CENTRAL LOCATION +
  • WELL PRESENTED +
  • TWO BATHROOMS +
  • GAS CENTRAL HEATING +

WELL PRESENTED TWO BEDROOM GROUND FLOOR APARTMENT WITH SECURE PARKING SPACE SITUATED CENTRALLY WITHIN MONKSEATON - OFFERED WITH NO UPPER CHAIN

Brannen & Partners are delighted to bring to the market this attractive two bedroom ground floor apartment, conveniently located close to amenities in Monkseaton. Benefitting from good sized accommodation, two bathrooms and secure underground parking.

Briefly comprising: Secure communal entrance to private hallway which gives access to all rooms. The lounge/diner is a good size and features a fireplace with an electric fire. The well equipped kitchen has fitted wall and base units which includes integrated appliances such as a gas hob, electric oven, extractor fan, fridge/freezer and washing machine. There are two bedrooms which both benefit from fitted wardrobes providing additional storage, the main double bedroom boasts an en-suite wet room style shower room with hand basin and W.C.

Externally there is a secure underground parking bay.

Monkseaton is a village on the outskirts of Whitley Bay, it has excellent local transport links as well as road links in to the city centre as well as other local coastal towns. The flat is within walking distance to local shops, cafes and Metro station as well as having easy access to Whitley Bay beach and all the coast has to offer.

Secure Communal Entrance -

Private Entrance Hall -

Lounge/Diner - 6.12m x 3.00m (20'0" x 9'10") -

Kitchen - 4.01m x 1.82m (13'1" x 5'11") -

Bedroom One - 4.69m x 2.91m (15'4" x 9'6") -

En-Suite - 1.91m x 1.79m (6'3" x 5'10") -

Bedroom Two - 4.70m x 2.07m (15'5" x 6'9") -

Bathroom - 2.95m x 1.85m (9'8" x 6'0") -

Externally - There is a secure underground parking space.

Tenure - Leasehold - 101 years remaining

Agent Details

Brannen & Partners, Tynemouth

0191 625 0803

Next Steps?

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