2 Bed Flat, Single Let, Whitley Bay, NE25 0JW, £94,950

50 Newburgh Avenue, Seaton Delaval, Whitley Bay, NE25 0JW - 2 months ago

Sold STC

Leasehold

BTL

ROI: 3%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£58K - £174K
Sold Prices/m²	£909/m² - £3.2K/m²

Square Metres	~68.11 m²
Price/m²	£1.4K/m²
Value Estimate	£115,839£115,839
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,738£23,738
Stamp Duty & Legal Fees	£5,948£5,948
Total Cash In	£29,685£29,685

Cash Out
Rent Range	£350 - £750£350 - £750
Rent Estimate	£481
Running Costs/mo	£413£413
Cashflow/mo	£68£68
Cashflow/yr	£817£817
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

27 sold prices from £58K to £174K, average is £113K. £909/m² to £3.2K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£104K	10/22	0.02 mi	16, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	£1,926	54	2	Flat
£110K	05/23	0.02 mi	14, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	-	-	2	Flat
£71K	03/21	0.02 mi	6, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	£1,392	51	2	Flat
£58K	01/21	0.36 mi	4, Denham Drive, Seaton Delaval, Whitley Bay, Northumberland NE25 0LA	-	-	2	Flat
£72K	02/21	0.5 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,059	68	2	Flat
£72K	02/21	0.5 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,059	68	2	Flat
£85K	08/22	0.51 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,250	68	2	Flat
£80K	11/20	0.53 mi	23, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF	£1,159	69	2	Flat
£104K	12/22	0.53 mi	11, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF	£1,461	71	2	Flat
£116K	03/23	0.61 mi	25, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND	£1,556	75	2	Flat
£98K	08/21	0.62 mi	3, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND	£1,343	73	2	Flat
£60K	05/21	1.52 mi	31, Telford Close, Backworth, Newcastle Upon Tyne, Tyne And Wear NE27 0JT	£909	66	2	Flat
£174K	02/21	1.64 mi	22a, Front Street, Earsdon, Whitley Bay, Tyne And Wear NE25 9LA	£2,636	66	2	Flat
£116.5K	11/23	1.79 mi	27, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ	£1,849	63	2	Flat
£130K	01/21	1.79 mi	21, Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FQ	£2,281	57	2	Flat
£120K	02/23	1.8 mi	31, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR	£1,875	64	2	Flat
£109K	03/21	1.8 mi	31, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR	£1,703	64	2	Flat
£122.5K	03/23	1.8 mi	25, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR	£2,112	58	2	Flat
£125K	08/22	1.81 mi	33, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DR	£2,155	58	2	Flat
£121K	01/23	1.85 mi	20, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ	£2,241	54	2	Flat
£120K	02/23	1.85 mi	10, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ	£1,783	67	2	Flat
£120K	06/23	1.85 mi	14, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0EZ	£2,069	58	2	Flat
£155K	06/23	1.89 mi	74, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL	£3,163	49	2	Flat
£108.5K	03/21	1.89 mi	18, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL	£1,719	63	2	Flat
£128K	02/24	1.89 mi	14, Hastings Drive, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0FL	£2,199	58	2	Flat
£129.9K	10/23	1.9 mi	115, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DS	£2,096	62	2	Flat
£113K	04/22	1.9 mi	135, Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear NE27 0DS	£1,823	62	2	Flat

Local Rents

11 rents from £350/mo to £750/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£750	06/24	0.03 mi	Newburgh Avenue, Seaton Delaval, Whitley Bay	2	Flat
£350	05/24	0.33 mi	Elsdon Avenue, Whitley Bay	2	Flat
£750	08/24	0.5 mi	Park View, Seaton Delaval, Whitley Bay	2	Semi-Detached House
£695	06/24	0.52 mi	-	2	Terraced House
£625	06/24	0.52 mi	Queens Court, Seaton Delaval, Whitley Bay, Northumberland, NE25 0BR	2	Flat
£625	07/24	0.55 mi	Hartley Street, Seaton Delaval, Whitley Bay, NE25	2	Flat
£625	07/24	0.55 mi	-	2	Flat
£625	07/24	0.55 mi	-	2	Flat
£700	08/24	0.61 mi	Laurel Terrace, Holywell, Whitley Bay	2	Flat
£475	07/23	0.62 mi	-	2	Terraced House
£525	09/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in NE25	29,93629,936
Population in Whitley Bay	49,10349,103
Town centre distance	2.34 miles away2.34 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	2.09 miles away2.09 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 £94,950

March 1, 2025

Floor Plans

Description

Ground Floor Flat +
Two Bedrooms +
Lounge +
Fitted Kitchen +
Bathroom +
Pleasant Rear Garden +
Detached Garage +
Very Well Presented +
Leasehold - 45 years unexpired +
Viewing Recommended +

A beautifully presented two bedroomed ground floor flat offering ready to move into accommodation situated in close proximity to Holywell Dene and with easy reach of Seaton Delaval centre with shops and other amenities. The accommodation on offer comprises Entrance Porch, Lounge with Picture window and wall mounted electric fire, Fitted Kitchen with wall and floor units, Two Bedrooms (master with fitted wardrobes 2nd bedroom with built in cupboards. Bathroom/w.c. with white suite with shower over bath. Externally there is a lovely garden to the rear and a detached garage. The property has Upvc double glazing and gas central heating. The property is leasehold with an unexpired term of approximately 45 years. Viewing is recommended.

Lounge - 4.80m x 3.38m (15'9 x 11'1) -

Kitchen - 2.67m x 1.96m (8'9 x 6'5) -

Bedroom 1 - 3.91m x 3.00m (12'10 x 9'10) -

Bedroom 2 - 2.87m x 2.18m (9'5 x 7'2) -

Bathroom - 1.91m x 1.91m (6'3 x 6'3) -

Agent Details

M L Estates Ltd, Seaton Delaval

0191 625 0966

Next Steps?

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

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