3 Bed Semi-Detached House, Single Let, Whitley Bay, NE25 8XG, £175,000

Elmtree Gardens, Whitley Bay, Tyne & Wear, NE25 8XG - 3 months ago

Sold STC
Auction
BTL
ROI: 4%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£90K - £390K
Sold Prices/m²£968/m² - £4.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£217,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£54,700

 

 

Cash Out

 

Rent Range

£750 - £1,400

Rent Estimate

£950

Running Costs/mo

£757

Cashflow/mo

£193

Cashflow/yr

£2,318

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £90K to £390K, average is £230K. £968/m² to £4.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£230K07/230.04 mi23, Elmtree Gardens, Whitley Bay, Tyne And Wear NE25 8XG3
£250.3K03/210.05 mi47, Appletree Gardens, Whitley Bay, Tyne And Wear NE25 8XD3
£230K03/210.05 mi64, Appletree Gardens, Whitley Bay, Tyne And Wear NE25 8XD3
£300K02/230.08 mi29, Pinetree Gardens, Whitley Bay, Tyne And Wear NE25 8XX3
£175K06/210.1 mi1, Pinetree Gardens, Whitley Bay, Tyne And Wear NE25 8XU3
£285K02/230.1 mi16, Pinetree Gardens, Whitley Bay, Tyne And Wear NE25 8XU3
£205K07/230.1 mi33, Cherrytree Gardens, Whitley Bay, Tyne And Wear NE25 8XA3
£165K02/210.14 mi66, Shields Road, Whitley Bay, Tyne And Wear NE25 8UU3
£188K08/210.14 mi26, Elmtree Gardens, Whitley Bay, Tyne And Wear NE25 8XR3
£175.1K05/210.15 mi10, Churchill Avenue, Whitley Bay, Tyne And Wear NE25 8UY3
£187.5K03/210.15 mi16, Appletree Gardens, Whitley Bay, Tyne And Wear NE25 8XT3
£90K05/230.15 mi36, Shields Road, Whitley Bay, Tyne And Wear NE25 8UX3
£225K03/230.15 mi30, Shields Road, Whitley Bay, Tyne And Wear NE25 8UX3
£320K12/220.15 mi93, Seatonville Road, Whitley Bay, Tyne And Wear NE25 9EG3
£175K12/220.16 mi39, Shields Road, Whitley Bay, Tyne And Wear NE25 8UT3
£190K03/210.18 mi21, Shields Road, Whitley Bay, Tyne And Wear NE25 8UJ3
£215K10/210.18 mi54, Churchill Avenue, Whitley Bay, Tyne And Wear NE25 8XP3
£248.8K03/230.18 mi52, Churchill Avenue, Whitley Bay, Tyne And Wear NE25 8XP3
£222K03/210.18 mi22, Arcot Avenue, Whitley Bay, Tyne And Wear NE25 9DX3
£215K03/210.19 mi46, Roker Avenue, Whitley Bay, Tyne And Wear NE25 8JA3
£152K01/210.19 mi29, Roker Avenue, Whitley Bay, Tyne And Wear NE25 8JA3
£205K11/200.19 mi12, Roker Avenue, Whitley Bay, Tyne And Wear NE25 8JA3
£305K12/220.2 mi10, Frankland Drive, Whitley Bay, Tyne And Wear NE25 9DS3
£165K03/210.21 mi1, Bedale Drive, Whitley Bay, Tyne And Wear NE25 8UR3
£295K12/220.21 mi39, Haig Avenue, Whitley Bay, Tyne And Wear NE25 8JG3
£307K02/230.21 mi52a, Haig Avenue, Whitley Bay, Tyne And Wear NE25 8JG3
£305K10/200.22 mi18, Burnt House Road, Whitley Bay, Tyne And Wear NE25 9DZ3
£240K05/230.23 mi12, Bedale Drive, Whitley Bay, Tyne And Wear NE25 8UR3
£308K12/220.23 mi1, Grindon Close, Whitley Bay, Tyne And Wear NE25 9EB3
£390K06/210.23 mi36, Frankland Drive, Whitley Bay, Tyne And Wear NE25 9DS3
£183K01/210.26 mi5, Hillheads Road, Whitley Bay, Tyne And Wear NE25 8HZ3
£152.5K10/200.27 mi64, Beverley Road, Whitley Bay, Tyne And Wear NE25 8JQ3
£230K06/210.27 mi18, Chatsworth Gardens, Whitley Bay, Tyne And Wear NE25 9DP3
£260K02/210.27 mi14, Chatsworth Gardens, Whitley Bay, Tyne And Wear NE25 9DP3
£235K01/230.28 mi41, Zetland Drive, Whitley Bay, Tyne And Wear NE25 8UW3
£285K09/230.3 mi17, Athol Gardens, Whitley Bay, Tyne And Wear NE25 9DN3
£325K11/230.31 mi18, Barrington Avenue, North Shields, Tyne And Wear NE30 3HG3
£330K10/210.33 mi27, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ3
£280K03/210.33 mi19, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ3
£180.5K10/200.33 mi46, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ3
£292.5K06/210.33 mi10, Selwyn Avenue, Whitley Bay, Tyne And Wear NE25 9DH3
£257.5K03/230.33 mi16, Selwyn Avenue, Whitley Bay, Tyne And Wear NE25 9DH3
£147.8K01/210.34 mi10, Sycamore Avenue, Whitley Bay, Tyne And Wear NE25 8JT3
£211.5K11/220.34 mi13, Quantock Close, North Shields, Tyne And Wear NE29 9QD3
£275.5K06/210.34 mi31, Wembley Avenue, Whitley Bay, Tyne And Wear NE25 8TA3
£326.5K08/210.34 mi51, Wembley Avenue, Whitley Bay, Tyne And Wear NE25 8TA3
£256K07/210.34 mi38, Wembley Avenue, Whitley Bay, Tyne And Wear NE25 8TA3
£200.5K11/200.34 mi64, Wembley Avenue, Whitley Bay, Tyne And Wear NE25 8TA3
£165K04/210.34 mi17, Quantock Close, North Shields, Tyne And Wear NE29 9QD3
£250K07/230.35 mi21, Townsville Avenue, Whitley Bay, Tyne And Wear NE25 9DG3

Local Rents

10 rents from £750/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95005/240.33 miQuantock Close, North Shields3
£1,00009/230.36 mi-3
£95007/240.39 miCheviot Close, North Shields, Tyne and Wear3
£1,40007/240.42 miCauldwell Lane, Whitley Bay, Tyne and Wear, NE253
£75006/240.42 miCauldwell Lane, Whitley Bay3
£99512/240.44 mi-3
£1,20006/240.52 miKingsley Avenue, Whitley Bay, Tyne and Wear, NE253
£1,15012/230.59 mi-3
£1,15009/240.59 mi-3
£1,10006/240.59 miNewington Drive, Preston Grange3

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

1.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 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 £175,000

February 20, 2025

Price changed to £180,000

February 8, 2025

Price changed to £195,000

February 4, 2025

Listed for £200,000

January 22, 2025

Floor Plans

Description

  • Auction Property +
  • Three Bedroom Family Home +
  • Two Reception Rooms +
  • Kitchen +
  • Bathroom/WC +
  • Driveway Parking +
  • Sun Catching Rear Garden +
  • Freehold +
  • Council Tax Band A +
  • EPC Rating E +

* AUCTION PROPERTY * For sale by Modern Method of Auction, Starting Bid Price £175,000 plus Reservation Fee - Auction Ending Wednesday 12th March at 11.45am***
With a SUN CATCHING SOUTH WESTERLY ASPECT and NO UPPER CHAIN, this is a WONDERFUL OPPORTUNITY and an EARLY VIEWING is STRONGLY ADVISED. In a GREAT LOCATION for accessing EXCELLENT LOCAL SCHOOLS, SHOPPING FACILITIES and TRANSPORT LINKS to Tyneside centres, this property will be suited to a variety of buyers be they 'UPSIZING or DOWNSIZING' alike and will suit FIRST TIME BUYERS, COUPLES or FAMILIES. Don't miss out on this one. Once it's gone, it's gone!
To the ground floor there is an entrance hall, living room plus adjoining dining area, breakfasting kitchen, rear lobby plus utility room and to the first floor there are 3 good sized bedrooms plus a family bathroom/WC. Externally there is driveway parking and there are gardens to both front and rear. WE STRONGLY RECOMMEND AN EARLY VIEWING.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel ,

Agent Details

Cooke & Co, Whitley Bay

0191 625 0863

Next Steps?

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