3 Bed Terraced House, Refurb/BRRR, Whitley Bay, NE25 9JZ, £285,000

Front Street, Earsdon, NE25 9JZ - 1 views - 2 months ago

Refurb/BRRR
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£105K - £650K
Sold Prices/m²£625/m² - £6.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£219,932

 

 

End Value (After Refurb)

£270,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£35,600

Bridging Loan Interest

£7,481

Total Cash In

£128,781

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£270,000

Mortgage (After Refinance)

£202,500

Mortgage LTV

75%

Cash Left In

£128,781

Equity

£67,500

Rent Range

£795 - £1,300

Rent Estimate

£1,074

Running Costs/mo

£1,079

Cashflow/mo

£-5

Cashflow/yr

£-55

Gross Yield

5%

Local Sold Prices

51 sold prices from £105K to £650K, average is £227.5K. £625/m² to £6.5K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£360K09/210.09 mi5, Woodland Close, Earsdon, Whitley Bay, Tyne And Wear NE25 9LL3
£183K12/200.13 mi14, John Street, Earsdon, Whitley Bay, Tyne And Wear NE25 9LH3
£190K10/200.14 mi38, Garden Terrace, Earsdon, Whitley Bay, Tyne And Wear NE25 9LQ3
£200K03/210.14 mi24, Waterloo Road, Wellfield, Whitley Bay, Tyne And Wear NE25 9JE3
£263K01/230.16 mi13, West View, Earsdon, Whitley Bay, Tyne And Wear NE25 9LJ3
£155K04/210.16 mi12, West View, Earsdon, Whitley Bay, Tyne And Wear NE25 9LJ3
£190K11/200.23 mi14, Monkseaton Road, Wellfield, Whitley Bay, Tyne And Wear NE25 9JJ3
£216.3K01/210.37 mi26, Burnbank Avenue, South Wellfield, Whitley Bay, Tyne And Wear NE25 9HQ3
£245K06/210.41 mi18, Burnbank Avenue, South Wellfield, Whitley Bay, Tyne And Wear NE25 9HG3
£292K06/210.43 mi15, Walwick Road, South Wellfield, Whitley Bay, Tyne And Wear NE25 9RD3
£214.4K03/210.46 mi15, Otterburn Avenue, South Wellfield, Whitley Bay, Tyne And Wear NE25 9QL3
£220K02/210.47 mi33, Ludlow Drive, Whitley Bay, Tyne And Wear NE25 9QG3
£290K09/210.52 mi5, Haddon Green, Whitley Bay, Tyne And Wear NE25 9QD3
£270K01/210.52 mi20, Hatfield Gardens, Whitley Bay, Tyne And Wear NE25 9QF3
£270K03/210.52 mi18, Hatfield Gardens, Whitley Bay, Tyne And Wear NE25 9QF3
£545K09/210.55 mi48, North Ridge, Whitley Bay, Tyne And Wear NE25 9XT3
£114K12/200.55 mi16, Hector Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0HR3
£590K11/200.56 mi26, North Ridge, Whitley Bay, Tyne And Wear NE25 9XT3
£620K02/230.56 mi50, North Ridge, Whitley Bay, Tyne And Wear NE25 9XT3
£650K06/230.56 mi26, North Ridge, Whitley Bay, Tyne And Wear NE25 9XT3
£105K11/220.57 mi69, South Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0HS3
£145K07/230.57 mi75, South Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0HS3
£265K05/210.57 mi52, Otterburn Avenue, Whitley Bay, Tyne And Wear NE25 9QR3
£310.5K11/220.57 mi79, Otterburn Avenue, Whitley Bay, Tyne And Wear NE25 9QR3
£156K05/230.58 mi23, Wark Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0SU3
£132K03/210.58 mi12, Upper Crone Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0HP3
£195K01/210.59 mi5, Earlsmeadow, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0GB3
£185K11/200.59 mi7, Earlsmeadow, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0GB3
£195K04/230.59 mi118, Thorntree Drive, Whitley Bay, Tyne And Wear NE25 9NR3
£250K12/200.61 mi4, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU3
£262.5K04/230.61 mi15, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU3
£245.5K05/240.61 mi19, Greenrigg Place, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0GA3
£227.5K06/230.61 mi8, Greenrigg Place, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0GA3
£230K02/240.61 mi15, Greenrigg Place, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0GA3
£262.5K11/200.62 mi8, Sandringham Close, Whitley Bay, Tyne And Wear NE25 9PB3
£355K12/220.62 mi3, The Ridings, Whitley Bay, Tyne And Wear NE25 9XZ3
£450K07/230.62 mi31, The Ridings, Whitley Bay, Tyne And Wear NE25 9XZ3
£450K07/230.62 mi31, The Ridings, Whitley Bay, Tyne And Wear NE25 9XZ3
£182.5K02/210.65 mi20, Harewood Crescent, Whitley Bay, Tyne And Wear NE25 9NS3
£270K06/210.65 mi2, Harewood Crescent, Whitley Bay, Tyne And Wear NE25 9NS3
£215K11/210.65 mi42, Harewood Crescent, Whitley Bay, Tyne And Wear NE25 9NS3
£195K06/230.65 mi36, Harewood Crescent, Whitley Bay, Tyne And Wear NE25 9NS3
£255K03/210.65 mi13, Arundel Drive, Whitley Bay, Tyne And Wear NE25 9PY3
£220K01/230.66 mi48, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ3
£125K11/200.66 mi82, Bywell Grove, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0LZ3
£136K02/210.7 mi6, Milfield Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0LE3
£234.9K03/210.7 mi19, Sandringham Drive, Whitley Bay, Tyne And Wear NE25 9PF3
£235K01/230.71 mi62, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ3
£218K02/210.71 mi56, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ3
£189.9K11/200.71 mi34, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ3
£136K09/210.72 mi95, Park Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0LG3

Local Rents

14 rents from £795/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.6 miEarlsmeadow, Shiremoor3
£1,00003/250.64 mi-3
£1,30006/240.77 miThorntree Drive, West Monkseaton3
£1,10007/240.82 miChathill Close, Whitley Bay3
£1,05005/240.85 miViscount Close, Shiremoor, Newcastle Upon Tyne3
£85007/240.96 mi-3
£85007/240.96 miKirkland Walk, Shiremoor, Newcastle Upon Tyne, NE273
£1,15012/231.07 mi-3
£1,15009/241.07 mi-3
£1,20004/251.07 mi-3
£1,30005/241.11 miHermiston, Monkseaton, Whitley Bay3
£79505/241.11 miOld Co-Op Buildings, Church Road, Backworth3
£1,25009/231.12 mi-3
£99506/241.23 miPark Lane, Shiremoor3

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

1.06 miles away

Nearest school

0.40 miles away

Nearest train station

0.78 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 £285,000

March 20, 2025

Listed for £300,000

February 21, 2025

Floor Plans

Description

  • THREE GOOD SIZED BEDROOMS +
  • MID TERRACED FAMILY HOME +
  • PRIVATE GARDENS TO THE FRONT AND REAR +
  • DETACHED GARAGE WITH ALLOCATED PARKING +
  • BRIGHT AND AIRY LIVING SPACE +
  • OPEN PLAN KITCHEN DINER +
  • SUNNY CONSERVATORY +
  • MODERN BATHROOM WITH WALK IN SHOWER +
  • OFFERED WITH NO UPPER CHAIN +
  • IDEAL LOCATION WITHIN A SOUGHT AFTER VILLAGE WITH TRANSPORT LINKS NEARBY +

SPACIOUS THREE BEDROOM MID TERRACED HOME WITH GARDENS, DETACHED GARAGE AND ALLOCATED PARKING - IN NEED OF MODERNISATION AND OFFERED WITH NO UPPER CHAIN

Brannen & Partners welcome to the market this spacious three bedroom mid terraced home, with gardens to the front and rear, in addition to a detached garage and allocated parking to the rear. Positioned within the heart of Earsdon, the property benefits from; three good sized bedrooms, bright and airy living space, large open plan kitchen/diner, conservatory and modern family bathroom. The family feel and potential of this property makes for an exciting opportunity which can only be truly appreciated by a visit.

Briefly comprising: Private entrance vestibule leads directly into the bright and airy living space. Presenting a large picture window with an open aspect view of the village, the space houses a feature fireplace with gas fire and under stair storage, as well as access to the kitchen diner.

Open plan in design, the kitchen diner features a variety of high gloss wall, base and drawer units, incorporating an integral fridge freezer and extractor hood, in addition to designated space for appliances, an area for dining and access to the conservatory. With glass surround and access to the rear garden, the conservatory also houses integral storage.

Upon the first floor, the landing connects to all three bedrooms and the family bathroom. All bedrooms house fitted storage, with the second bedroom offering views out over fields nearby. Completing the home, the family bathroom houses a walk in shower, WC, pedestal wash basin and integral storage cupboard.

Externally, a paved rear garden offers a low maintenance space to enjoy. Gate access leads out to the detached garage with allocated parking. To the front of the home, a considerable lawned garden is raised above street level, aside a small staircase and pathway leading to the front door.

Earsdon is a popular residential area offering peace and tranquillity whilst remaining connected to everything the coast has to offer, including proximity to excellent nearby schools and ease of access to a variety of local amenities such as the Silverlink Retail Park and Northumberland Park. There are excellent local transport links as well as road links to Newcastle city centre and other coastal towns.

Entrance Vestibule - 1.25 x 0.88 (4'1" x 2'10") -

Living Room - 4.68 x 3.74 (15'4" x 12'3") -

Kitchen Diner - 6.06 x 2.98 (19'10" x 9'9") -

Conservatory - 2.44 x 2.69 (8'0" x 8'9") -

Landing - 1.16 x 2.00 (3'9" x 6'6") -

Bedroom One - 3.69 x 3.77 (12'1" x 12'4") -

Bedroom Two - 3.34 x 3.04 (10'11" x 9'11") -

Bedroom Three - 2.29 x 1.97 (7'6" x 6'5") -

Bathroom - 2.56 x 1.87 (8'4" x 6'1") -

Detached Garage - 4.98 x 2.57 (16'4" x 8'5") -

Front & Rear Gardens -

Tenure - Freehold

Agent Details

Brannen & Partners, Tynemouth

0191 625 0803

Next Steps?

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