2 Bed Flat, Single Let, Whitley Bay, NE25 9RT, £145,000

Monks Avenue, West Monkseaton, NE25 9RT - 2 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~62 m²
+3 photos

ValuationOvervalued

Sold Prices£62K - £162.5K
Sold Prices/m²£912/m² - £3.3K/m²

 

 

Square Metres

~61.93 m²
Price/m²£2.3K/m²

Value Estimate

£141,554

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,850

Total Cash In

£45,100

 

 

Cash Out

 

Rent Range

£690 - £1,300

Rent Estimate

£700

Running Costs/mo

£613

Cashflow/mo

£87

Cashflow/yr

£1,043

ROI

2%

Gross Yield

6%

Local Sold Prices

51 sold prices from £62K to £162.5K, average is £135K. £912/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£157.5K01/230.01 mi58, Monks Avenue, Whitley Bay, Tyne And Wear NE25 9RT2
£150K07/230.16 mi12a, Fairfield Drive, Whitley Bay, Tyne And Wear NE25 9SL2
£135K03/210.17 mi8, Holm Green, Whitley Bay, Tyne And Wear NE25 9SQ2
£139.3K02/210.2 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£101.5K12/200.27 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.27 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.27 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£146.5K11/220.28 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£139.9K09/210.33 mi50, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£137.5K10/220.39 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£162.5K07/210.43 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.43 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.43 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.43 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£150K10/220.44 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£110K11/200.45 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£140K02/210.45 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.45 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.45 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.45 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£140K06/210.47 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£161.9K08/230.48 mi11, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU2
£123K11/200.49 mi14, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132K12/200.49 mi18, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£148.5K11/200.49 mi37, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£118.5K02/210.49 mi40, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£129K01/210.49 mi26, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£155K09/210.49 mi38, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£141.5K03/210.49 mi25, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.49 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.49 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£150K12/220.49 mi8, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£138.5K04/210.49 mi34, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£128K01/210.49 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.49 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.49 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.49 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£132.5K06/210.57 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.57 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£90K11/200.59 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.59 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£130K12/220.59 mi14, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£127.5K09/230.63 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£115K03/210.64 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.64 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£115K02/210.65 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£127.5K08/210.76 mi79, Kenilworth Road, Whitley Bay, Tyne And Wear NE25 8BB2
£99K10/200.79 mi24, Purbeck Close, North Shields, Tyne And Wear NE29 9QF2
£127.5K05/210.81 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£101.2K12/220.86 mi68, Brookland Terrace, North Shields, Tyne And Wear NE29 8EU2
£62K09/210.86 mi54, Brookland Terrace, North Shields, Tyne And Wear NE29 8EU2

Local Rents

28 rents from £690/mo to £1.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£79508/240.09 miFriars Rise, Monkseaton, Whitley Bay2
£90003/250.14 mi-2
£82507/240.14 mi-2
£80009/240.14 mi-2
£80006/240.14 miFairfield Drive, Whitley Bay, NE252
£77505/240.14 miHolm Green, Whitley Bay2
£69001/240.16 mi-2
£80006/240.28 miAthol Gardens, Whitley Bay2
£1,30003/250.31 miNewlands, Whitley Bay2
£1,30011/240.32 mi-2
£95006/240.39 miTurnberry, West Monkseaton, Whitley Bay, Tyne and Wear, NE25 9NZ2
£79508/240.4 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£89505/240.41 miTurnberry, Whitley Bay, Tyne and Wear, NE252
£80006/230.42 mi-2
£80008/240.42 mi-2
£80006/240.42 miTurnberry, Whitley Bay, NE252
£79507/240.44 miTurnberry, Monkseaton2
£75001/240.47 mi-2
£75007/240.49 miCarnoustie Court, Whitley Bay, NE252
£70007/240.49 miCarnoustie Court, Monkseaton2
£70008/240.49 miCarnoustie Court, Monkseaton2
£80012/240.49 miCarnousite Court, Monkseaton2
£97505/240.49 miThorntree Drive, Whitley Bay, Tyne and Wear, NE252
£1,29503/250.5 mi-2
£79508/240.51 mi-2
£1,05005/240.58 mi19 Uplands2
£81501/250.6 mi-2
£81502/250.6 mi-2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.93 miles away

Nearest school

0.10 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £145,000

February 11, 2025

Floor Plans

Description

  • TWO BEDROOMS +
  • GROUND FLOOR FLAT +
  • NO UPPER CHAIN +
  • GENEROUS SIZED GARDEN +
  • POPULAR LOCATION +
  • GAS CENTRAL HEATING +
  • PRIVATE ENTRANCE +
  • CLOSE TO AMENITIES +

WELL PROPORTIONED TWO BEDROOM GROUND FLOOR FLAT WITH PRIVATE REAR GARDEN SITUATED IN WEST MONKSEATON - OFFERED WITH NO UPPER CHAIN

Brannen & Partners are delighted to bring to the market this well proportioned two bedroom ground floor flat situated within this popular residential area in West Monkseaton. Benefitting from good sized accommodation, private garden and conveniently located close to local shops and amenities.

Briefly comprising: Private entrance vestibule to the hallway giving access to all rooms. The living room features a bay window which overlooks the front of the property. The kitchen has fitted units which includes a gas hob, electric oven and extractor fan, a door leads out to the side of the property.

Both bedrooms are doubles in size, and the bathroom comprises a bath with shower attachment, hand basin and W.C.

Externally to the rear, is a generous sized enclosed garden and patio.

West Monkseaton is a popular residential area with a good range of local amenities including shops, cafes and restaurants. This property is within walking distance to West Monkseaton Metro station providing excellent access to other coastal areas and Newcastle City centre. Whitley Bay is close by offering beautiful beaches and excellent schools.

Private Entrance Vestibule -

Hallway - 0.95 x 4.08 (3'1" x 13'4") -

Living Room - 3.66 x 3.44 (12'0" x 11'3") -

Kitchen - 2.96 x 2.30 (9'8" x 7'6") -

Bedroom One - 3.89 x 3.43 (12'9" x 11'3") -

Bedroom Two - 3.28 x 3.71 (10'9" x 12'2") -

Bathroom - 2.19 x 1.76 (7'2" x 5'9") -

Rear Yard -

Tenure - Leasehold - Share of Freehold - 999 years remaining

Agent Details

Brannen & Partners, Tynemouth

0191 625 0803

Next Steps?

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