3 Bed Flat, Single Let, Whitley Bay, NE25 8RW, £229,950

321 Lovaine Avenue, Whitley Bay, NE25 8RW - 2 months ago

BTL

ROI: 1%

~95 m²

+5 photos

ValuationOvervalued

Sold Prices	£120K - £370K
Sold Prices/m²	£959/m² - £3.3K/m²

Square Metres	~94.50 m²
Price/m²	£2.4K/m²
Value Estimate	£179,872£179,872

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,488£57,488
Stamp Duty & Legal Fees	£14,797£14,797
Total Cash In	£72,284£72,284

Cash Out
Rent Range	£750 - £3,000£750 - £3,000
Rent Estimate	£996
Running Costs/mo	£938£938
Cashflow/mo	£58£58
Cashflow/yr	£698£698
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

31 sold prices from £120K to £370K, average is £160K. £959/m² to £3.3K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£149.9K	04/21	0.29 mi	27, Marmion Terrace, Whitley Bay, Tyne And Wear NE25 8AS	-	-	3	Flat
£160K	11/22	0.33 mi	67a, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN	£1,861	86	3	Flat
£179.9K	04/23	0.33 mi	29, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN	£2,307	78	3	Flat
£245K	11/23	0.34 mi	66, Village Court, Whitley Bay, Tyne And Wear NE26 3QB	£3,316	74	3	Flat
£155.3K	05/21	0.41 mi	43, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB	£2,127	73	3	Flat
£135K	06/21	0.41 mi	42, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB	£1,091	124	3	Flat
£175K	10/23	0.41 mi	3, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB	£2,188	80	3	Flat
£135K	06/21	0.41 mi	44, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB	£1,688	80	3	Flat
£175K	03/21	0.41 mi	41, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB	£1,496	117	3	Flat
£182K	04/21	0.46 mi	10a, Coronation Crescent, Whitley Bay, Tyne And Wear NE25 8AJ	£1,784	102	3	Flat
£151K	10/20	0.46 mi	64, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA	£2,559	59	3	Flat
£195K	07/23	0.5 mi	5a, Victoria Avenue, Whitley Bay, Tyne And Wear NE26 2AZ	-	-	3	Flat
£195K	07/23	0.5 mi	5, Victoria Avenue, Whitley Bay, Tyne And Wear NE26 2AZ	-	-	3	Flat
£141.5K	11/22	0.51 mi	93, Whitley Road, Whitley Bay, Tyne And Wear NE26 2ER	-	-	3	Flat
£167.5K	03/21	0.57 mi	14a, Percy Avenue, North Shields, Tyne And Wear NE30 4PE	£1,903	88	3	Flat
£195K	02/23	0.6 mi	100, Front Street, Monkseaton, Whitley Bay, Tyne And Wear NE25 8DL	£1,824	107	3	Flat
£195.8K	09/22	0.62 mi	32, Grafton Road, Whitley Bay, Tyne And Wear NE26 2NR	£2,757	71	3	Flat
£325K	12/22	0.64 mi	22, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PQ	£3,218	101	3	Flat
£127.5K	11/23	0.64 mi	11, Station Road, Cullercoats, North Shields, Tyne And Wear NE30 4PQ	£959	133	3	Flat
£135K	02/23	0.65 mi	37, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8SS	£2,045	66	3	Flat
£246K	12/21	0.65 mi	31, Eskdale Terrace, Whitley Bay, Tyne And Wear NE26 2PJ	£3,000	82	3	Flat
£370K	11/22	0.7 mi	10a, The Links, Whitley Bay, Tyne And Wear NE26 1PS	-	-	3	Flat
£349.9K	01/21	0.79 mi	49, Beverley Terrace, North Shields, Tyne And Wear NE30 4NU	-	-	3	Flat
£133K	07/21	0.88 mi	26, Beachborough Close, North Shields, Tyne And Wear NE29 9JD	£1,622	82	3	Flat
£120K	05/24	0.88 mi	20, Beachborough Close, North Shields, Tyne And Wear NE29 9JD	£1,765	68	3	Flat
£133K	05/21	0.89 mi	16, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£1,672	80	3	Flat
£143K	09/21	0.89 mi	10, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£2,043	70	3	Flat
£136.5K	11/22	0.89 mi	6, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£1,896	72	3	Flat
£139.9K	11/22	0.89 mi	17, Bishopbourne Court, North Shields, Tyne And Wear NE29 9JE	£1,999	70	3	Flat
£130K	07/24	0.91 mi	18, Newington Drive, North Shields, Tyne And Wear NE29 9JA	£1,667	78	3	Flat
£310K	10/23	0.91 mi	2a, Davison Avenue, Whitley Bay, Tyne And Wear NE26 1SD	£2,995	104	3	Flat

Local Rents

19 rents from £750/mo to £3K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	06/24	0.15 mi	Kingsley Avenue, Whitley Bay, Tyne and Wear, NE25	3	Semi-Detached House
£1,000	05/24	0.31 mi	Marden Road, Whitley Bay, NE25	3	Flat
£1,650	07/24	0.31 mi	Marden Road South, Whitley Bay, Tyne and Wear, NE25	3	Semi-Detached House
£1,150	05/24	0.39 mi	Station Road, Whitley Bay	3	Flat
£1,300	05/24	0.46 mi	Plessey Crescent, Whitley Bay	3	Detached House
£750	07/24	0.46 mi	South Parade, Whitley Bay	3	Flat
£950	07/24	0.46 mi	Cambridge Avenue, Whitley Bay. NE26 1BA	3	Flat
£1,200	05/24	0.47 mi	Plessey Crescent, Whitley Bay, Tyne And Wear, NE25	3	Detached House
£1,200	05/24	0.47 mi	Cranbourne Grove, North Shields	3	Detached House
£1,250	05/24	0.51 mi	Foxton Avenue, Cullercoats	3	Detached House
£1,100	04/24	0.51 mi	-	3	Flat
£1,100	08/24	0.51 mi	-	3	Flat
£1,100	07/24	0.51 mi	Whitley Road, Whitley Bay, NE26	3	Flat
£1,400	10/24	0.51 mi	-	3	Semi-Detached House
£1,150	06/24	0.52 mi	Esplanade, Whitley Bay, Tyne and Wear, NE26	3	Terraced House
£1,150	12/24	0.52 mi	Esplanade Rise, Whitley Bay, Tyne and Wear, NE26	3	Terraced House
£3,000	06/24	0.57 mi	Montague Apartments, Whitley Bay	3	Flat
£1,250	06/24	0.61 mi	Solway Avenue, Cullercoats	3	Bungalow
£995	07/24	0.62 mi	-	3	Flat

Local Area Statistics

Population in NE25	29,93629,936
Population in Whitley Bay	49,10349,103
Town centre distance	1.12 miles away1.12 miles away
Nearest train station	0.28 miles away0.28 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+11%+11%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £229,950

February 5, 2025

Floor Plans

Description

Fresh Property Centre are pleased to present this updated three-bedroom flat on Lovaine Avenue, Whitley Bay. The property presents an excellent opportunity for those seeking a comfortable and stylish home in a desirable location.

The flat has been thoughtfully updated to provide a spacious and comfortable home. Upon entering, you will be greeted by a generous hallway which leads to a reception room that serves as the heart of the flat, ideal for both relaxation and entertaining.

The master bedroom is a standout feature, complete with an ensuite bathroom, providing a private sanctuary for your comfort. The additional two bedrooms are well-proportioned, making them perfect for family, guests, or even a home office. The flat also boasts a modern shower room, catering to the needs of a busy household.

Externally there is a rear yard and off-street parking is available, adding to the convenience of this charming home. Viewing is recommended.