2 Bed Flat, Single Let, Whitley Bay, NE26 2PQ, £185,000

Margaret Road, Whitley Bay, NE26 2PQ - 2 months ago

Sold STC
Leasehold
BTL
~56 m²
+8 photos

ValuationOvervalued

Sold Prices£82.5K - £305K
Sold Prices/m²£1.1K/m² - £4.8K/m²

 

 

Square Metres

~56.04 m²
Price/m²£3.3K/m²

Value Estimate

£125,942

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£11,650

Total Cash In

£57,900

 

 

Cash Out

 

Rent Range

£700 - £2,000

Rent Estimate

£740

Running Costs/mo

£746

Cashflow/mo

£-6

Cashflow/yr

£-73

Gross Yield

5%

Local Sold Prices

50 sold prices from £82.5K to £305K, average is £152.5K. £1.1K/m² to £4.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£176K01/230.02 mi72, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PQ2
£186.5K02/230.02 mi25, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PH2
£220K01/230.03 mi10, Grafton Road, Whitley Bay, Tyne And Wear NE26 2NR2
£165K04/210.06 mi19, Naters Street, Whitley Bay, Tyne And Wear NE26 2PG2
£190K08/230.08 mi49, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£150K12/200.08 mi29, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£173K03/210.08 mi23, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£152K03/210.08 mi35, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ2
£113K05/230.1 miSecond Floor Flat, 30, Whitley Road, Whitley Bay, Tyne And Wear NE26 2NF2
£155K10/210.12 mi28, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£170.5K07/230.12 mi20, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£150K06/230.12 mi14, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£145K12/220.15 mi126, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£155K08/230.15 mi4, Braeside Terrace, Whitley Bay, Tyne And Wear NE26 2EF2
£118K05/210.17 mi2a, Devonshire Terrace, Whitley Bay, Tyne And Wear NE26 2EJ2
£180.8K10/200.17 mi25, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£173.8K11/230.17 mi39a, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£140K12/220.19 mi9a, Stanley Crescent, Whitley Bay, Tyne And Wear NE26 2EB2
£155.1K09/220.2 mi6, Dove Court, North Shields, Tyne And Wear NE30 4QN2
£90K07/230.22 mi16, Cheviot View, Whitley Bay, Tyne And Wear NE26 2BE2
£90K06/240.22 mi113b, Whitley Road, Whitley Bay, Tyne And Wear NE26 2ET2
£279K09/220.23 mi27, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£185K02/230.23 mi31, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£305K10/200.23 mi13, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£232.5K06/210.23 mi3, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£150K05/210.23 mi9, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£295K05/210.23 mi29, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£185K12/220.24 mi6, Station Road, Cullercoats, North Shields, Tyne And Wear NE30 4PQ2
£115.5K02/230.26 mi7a, Algernon Place, Whitley Bay, Tyne And Wear NE26 2DT2
£165K02/210.33 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£196K01/230.33 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£132.5K08/230.35 mi6a, Esplanade, Whitley Bay, Tyne And Wear NE26 2AG2
£115K03/210.43 mi33, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN2
£160K08/230.44 mi10, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£155K12/230.44 mi1, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£127.5K10/200.44 mi75, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127K04/230.44 mi25, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£131.5K02/210.44 mi59, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£122.5K02/210.45 mi36, Clifton Terrace, Whitley Bay, Tyne And Wear NE26 2JD2
£120K11/200.46 mi30, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JF2
£127.5K10/200.47 mi73, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£82.5K08/240.49 mi15b, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£130K09/220.49 mi19c, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£135K11/200.54 mi4, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£138K02/230.54 mi19, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£144K03/230.6 mi104, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£129.9K11/200.6 mi82, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£173K09/230.6 mi96, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£153K12/200.63 mi102, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£180K02/230.65 mi9a, Brook Street, Whitley Bay, Tyne And Wear NE26 1AF2

Local Rents

34 rents from £700/mo to £2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79508/240.03 mi-2
£79506/240.14 mi-2
£85005/240.17 miBurnside House, Rockcliffe Gardens, Whitley Bay2
£77003/250.22 mi-2
£90008/240.25 miStation Road, Cullercoats, North Shields, Tyne and Wear, NE302
£95004/250.25 mi-2
£82508/240.36 mi-2
£95006/240.38 miEsplanade, Whitley Bay, Tyne and Wear, NE262
£82507/240.39 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AL2
£75005/240.39 miEsplanade, Whitley Bay. NE26 2AL2
£75006/240.41 miVictoria Mews2
£97505/240.42 miLinks Road, North Shields2
£74008/240.42 mi-2
£74007/240.42 miMarden Road South, Whitley Bay, NE252
£1,10005/240.43 miMontague Apartments, Whitley Bay2
£1,40005/240.43 miMontague Apartments, Whitley Bay2
£1,15006/240.43 miMontague Apartments, Whitley Bay2
£85005/240.44 miSouth Parade, Whitley Bay, Tyne and Wear, NE262
£1,15006/240.44 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£1,40007/240.44 mi55 Esplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£1,10007/240.44 miBeverley Terrace, Cullercoats2
£80011/230.45 mi-2
£70006/240.45 miClifton Terrace, Whitley Bay2
£75012/240.46 miSouth Parade, Whitley Bay2
£99512/230.47 mi-2
£80007/240.49 miNorth Parade, Whitley Bay, Tyne and Wear, NE262
£89904/250.49 mi-2
£89506/240.49 miSouth Parade, Whitley Bay2
£85007/240.51 miNorth Parade, Whitley Bay. NE26 1PA **SUPER STANDARD**2
£85005/240.55 miFarringdon Road, Marden Estate, North Shields2
£97505/240.56 mi-2
£97505/240.56 mi-2
£2,00007/240.58 mi-2
£75008/230.58 mi-2

Local Area Statistics

Population in NE26

19,169

Population in Whitley Bay

49,103

Town centre distance

1.62 miles away

Nearest school

0.10 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £185,000

February 3, 2025

Floor Plans

Description

  • TWO BEDROOMS +
  • GROUND FLOOR FLAT +
  • SOUGHT AFTER LOCATION +
  • CLOSE TO AMENITIES +
  • MINUTES FROM SEAFRONT +
  • PERIOD FEATURES +
  • STYLISH INTERIORS +
  • PRIVATE YARD +

BEAUTIFULLY APPOINTED TWO BEDROOM GROUND FLOOR FLAT SITUATED CLOSE TO THE SEAFRONT IN WHITLEY BAY

Brannen & Partners are delighted to welcome to the market this attractive two bedroom ground floor flat, conveniently located close to amenities in Whitley Bay and Cullercoats. Boasting some period features, high ceilings, stylish interiors and a private yard.

Briefly comprising: Private entrance to a welcoming hallway giving access to all rooms. The living room is bright and airy featuring an attractive fireplace and a window overlooking the rear yard. The kitchen has fitted wall and base units with an integrated gas hob and electric oven with space for a fridge/freezer and plumbing for a washing machine, a door opens out to the rear yard. To the rear is a modern bathroom comprising a bath with shower over, hand basin, W.C. and heated towel rail.

Both bedrooms are a good size, particularly the main bedroom to the front. This room boasts high ceilings, decorative coving, picture rail, attractive fireplace and a large bay window allowing plenty of light to fill the room.

Externally to the rear is a generous sized private yard.

This property is ideally located close to local shops, cafes and restaurants. It is also within walking distance to the Metro station in Cullercoats and Whitley Bay and is well placed for ease of access to major road links into the city centre and other coastal towns. The property is a few minutes walk to the beach offering an array of watersports and activities all year round.

Private Entrance Hallway -

Living Room - 4.43m x 3.61m (14'6" x 11'10") -

Kitchen - 2.69m x 2.28m (8'9" x 7'5") -

Bedroom One - 4.21m x 3.88m (13'9" x 12'8") -

Bedroom Two - 3.44m x 2.38m (11'3" x 7'9") -

Bathroom - 2.11m x 1.24m (6'11" x 4'0") -

Externally - To the rear is a good sized private yard.

Tenure - Leasehold

Agent Details

Brannen & Partners, Tynemouth

0191 625 0803

Next Steps?

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