2 Bed Flat, Single Let, North Shields, NE30 4QS, £108,000

Hudleston, Cullercoats, North Shields, Tyne and Wear, NE30 4QS - 2 views - a month ago

Leasehold
Auction
BTL
ROI: 8%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£79.5K - £305K
Sold Prices/m²£1.1K/m² - £4.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£130,680
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£33,600

 

 

Cash Out

 

Rent Range

£700 - £1,400

Rent Estimate

£740

Running Costs/mo

£506

Cashflow/mo

£235

Cashflow/yr

£2,814

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £79.5K to £305K, average is £151K. £1.1K/m² to £4.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£180.8K10/200.02 mi25, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£173.8K11/230.02 mi39a, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£145K12/220.03 mi126, John Street, Cullercoats, North Shields, Tyne And Wear NE30 4PJ2
£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
£155.1K09/220.08 mi6, Dove Court, North Shields, Tyne And Wear NE30 4QN2
£185K12/220.09 mi6, Station Road, Cullercoats, North Shields, Tyne And Wear NE30 4PQ2
£155K08/230.09 mi4, Braeside Terrace, Whitley Bay, Tyne And Wear NE26 2EF2
£165K04/210.1 mi19, Naters Street, Whitley Bay, Tyne And Wear NE26 2PG2
£155K10/210.11 mi28, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£170.5K07/230.11 mi20, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£150K06/230.11 mi14, Marden Crescent, Whitley Bay, Tyne And Wear NE26 2EE2
£279K09/220.11 mi27, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£185K02/230.11 mi31, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£305K10/200.11 mi13, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£232.5K06/210.11 mi3, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£150K05/210.11 mi9, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£295K05/210.11 mi29, Winslow Court, Cullercoats, North Shields, Tyne And Wear NE30 4AE2
£176K01/230.14 mi72, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PQ2
£186.5K02/230.15 mi25, Margaret Road, Whitley Bay, Tyne And Wear NE26 2PH2
£220K01/230.17 mi10, Grafton Road, Whitley Bay, Tyne And Wear NE26 2NR2
£165K02/210.18 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£196K01/230.18 mi7, Marden Avenue, North Shields, Tyne And Wear NE30 4PB2
£113K05/230.19 miSecond Floor Flat, 30, Whitley Road, Whitley Bay, Tyne And Wear NE26 2NF2
£140K12/220.23 mi9a, Stanley Crescent, Whitley Bay, Tyne And Wear NE26 2EB2
£118K05/210.23 mi2a, Devonshire Terrace, Whitley Bay, Tyne And Wear NE26 2EJ2
£90K06/240.31 mi113b, Whitley Road, Whitley Bay, Tyne And Wear NE26 2ET2
£90K07/230.33 mi16, Cheviot View, Whitley Bay, Tyne And Wear NE26 2BE2
£115.5K02/230.34 mi7a, Algernon Place, Whitley Bay, Tyne And Wear NE26 2DT2
£132.5K08/230.45 mi6a, Esplanade, Whitley Bay, Tyne And Wear NE26 2AG2
£127.5K10/200.48 mi75, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£127K04/230.48 mi25, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£131.5K02/210.48 mi59, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£115K03/210.49 mi33, Victoria Terrace, Whitley Bay, Tyne And Wear NE26 2QN2
£120K11/200.5 mi30, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JF2
£122.5K02/210.51 mi36, Clifton Terrace, Whitley Bay, Tyne And Wear NE26 2JD2
£127.5K10/200.51 mi73, Jesmond Terrace, Whitley Bay, Tyne And Wear NE26 2JE2
£160K08/230.56 mi10, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£155K12/230.56 mi1, Southleigh, Whitley Bay, Tyne And Wear NE26 2AQ2
£82.5K08/240.58 mi15b, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£130K09/220.58 mi19c, North Parade, Whitley Bay, Tyne And Wear NE26 1NU2
£79.5K03/210.62 mi18, Whittingham Close, North Shields, Tyne And Wear NE30 3TJ2
£135K11/200.62 mi4, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£138K02/230.62 mi19, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BB2
£144K03/230.69 mi104, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£129.9K11/200.69 mi82, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£173K09/230.69 mi96, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2
£153K12/200.72 mi102, Cambridge Avenue, Whitley Bay, Tyne And Wear NE26 1BA2

Local Rents

28 rents from £700/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79506/240.02 mi-2
£90008/240.1 miStation Road, Cullercoats, North Shields, Tyne and Wear, NE302
£79508/240.13 mi-2
£82508/240.21 mi-2
£97505/240.26 miLinks Road, North Shields2
£1,10007/240.3 miBeverley Terrace, Cullercoats2
£77002/250.31 mi-2
£85005/240.32 miBurnside House, Rockcliffe Gardens, Whitley Bay2
£74008/240.39 mi-2
£74007/240.39 miMarden Road South, Whitley Bay, NE252
£85005/240.42 miFarringdon Road, Marden Estate, North Shields2
£75006/240.48 miVictoria Mews2
£95006/240.49 miEsplanade, Whitley Bay, Tyne and Wear, NE262
£70006/240.51 miClifton Terrace, Whitley Bay2
£99512/230.51 mi-2
£82507/240.51 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AL2
£75005/240.51 miEsplanade, Whitley Bay. NE26 2AL2
£85005/240.52 miSouth Parade, Whitley Bay, Tyne and Wear, NE262
£75012/240.55 miSouth Parade, Whitley Bay2
£1,10005/240.55 miMontague Apartments, Whitley Bay2
£1,40005/240.55 miMontague Apartments, Whitley Bay2
£1,15006/240.55 miMontague Apartments, Whitley Bay2
£80011/230.55 mi-2
£1,15006/240.55 miEsplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£1,40007/240.55 mi55 Esplanade, Whitley Bay, Tyne and Wear, NE26 2AS2
£80007/240.58 miNorth Parade, Whitley Bay, Tyne and Wear, NE262
£89506/240.6 miSouth Parade, Whitley Bay2
£85007/240.6 miNorth Parade, Whitley Bay. NE26 1PA **SUPER STANDARD**2

Local Area Statistics

Population in NE30

21,977

Population in North Shields

57,931

Town centre distance

1.82 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £108,000

February 25, 2025

Floor Plans

Description

  • Two Bedroom Second Floor Flat +
  • Sought After Location +
  • Walking Distance to the Beach +
  • Two Double Bedrooms +
  • Communal Gardens +

TO BE SOLD via ONLINE AUCTION. Fees apply.

Pattinsons welcome to the sales market this two bedroom second floor flat situated in this sought after area in Cullercoats with the beach just a short stroll away, adding to the appeal of this location in addition to Whitley Bay town centre, excellent transport links. Cullercoats is a beautiful seaside town known for its seamless merging of old and new, vibrant and peaceful.

Comprising, secure entry system to the second floor, entrance hallway with two good sized storage cupboards, bright lounge with two windows, kitchen with a range of wall and floor units, bedroom 1 double bedroom to the rear of the property, bedroom 2 double to the front of the property, bathroom with white suite. Externally there are communal gardens and off street parking. NO UPPER CHAIN!!! Call now to arrange your viewing or whitley.

Council Tax Band: A
Tenure: Leasehold

Agent Details

Pattinson Estate Agents, Whitley Bay

0191 625 0822

Next Steps?

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