7 Bed Terraced House, Single Let, Whitley Bay, NE26 1NU, £425,000

North Parade, Whitley Bay, NE26 1NU - 1 views - 2 months ago

BTL
~217 m²
+11 photos

ValuationOvervalued

Sold Prices£360K - £777.5K
Sold Prices/m²£1.6K/m² - £2.9K/m²

 

 

Square Metres

~217 m²
Price/m²£2K/m²

Value Estimate

£397,339

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Total Cash In

£137,450

 

 

Cash Out

 

Rent Range

£575 - £4,000

Rent Estimate

£750

Running Costs/mo

£1,498

Cashflow/mo

£-748

Cashflow/yr

£-8,977

Gross Yield

2%

Local Sold Prices

6 sold prices from £360K to £777.5K, average is £437K. £1.6K/m² to £2.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£360K09/230.13 mi27, Esplanade, Whitley Bay, Tyne And Wear NE26 2AJ7
£360K09/230.13 mi27, Esplanade, Whitley Bay, Tyne And Wear NE26 2AJ7
£500K02/230.22 mi11, Clarence Crescent, Whitley Bay, Tyne And Wear NE26 2DZ7
£777.5K12/201.61 mi36, Percy Park, North Shields, Tyne And Wear NE30 4JX7
£575K12/222.19 mi49, Alma Place, North Shields, Tyne And Wear NE29 0LY7
£374K03/212.25 miLovaine House, 9, Lovaine Terrace, North Shields, Tyne And Wear NE29 0HJ7

Local Rents

28 rents from £575/mo to £4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£75007/240.05 miSouth Parade, Whitley Bay3
£95007/240.13 miCambridge Avenue, Whitley Bay. NE26 1BA3
£1,15006/240.13 miEsplanade, Whitley Bay, Tyne and Wear, NE263
£1,15012/240.13 miEsplanade Rise, Whitley Bay, Tyne and Wear, NE263
£1,35009/240.15 mi-4
£3,00006/240.16 miMontague Apartments, Whitley Bay3
£1,15005/240.16 miStation Road, Whitley Bay3
£57502/250.16 mi-6
£75005/240.18 miPark View, Whitley Bay4
£1,80005/240.24 miStyan Avenue, Whitley Bay5
£1,25006/240.26 miBeach Avenue, Whitley Bay, Tyne and Wear, NE26 1DZ4
£1,10004/240.33 mi-3
£1,10008/240.33 mi-3
£1,10007/240.33 miWhitley Road, Whitley Bay, NE263
£2,20010/240.34 mi-4
£2,20007/240.34 miHigh Point View, Whitley Bay, NE264
£1,30005/240.41 miPlessey Crescent, Whitley Bay3
£1,20005/240.41 miPlessey Crescent, Whitley Bay, Tyne And Wear, NE253
£1,00005/240.46 miMarden Road, Whitley Bay, NE253
£1,65007/240.46 miMarden Road South, Whitley Bay, Tyne and Wear, NE253
£1,20006/240.46 miKingsley Avenue, Whitley Bay, Tyne and Wear, NE253
£1,20006/240.48 miKingsley Avenue, Whitley Bay4
£1,40010/240.51 mi-3
£2,50006/240.53 miQueens Road, Whitley Bay5
£2,50007/240.53 miQueens Road, Whitley Bay5
£1,25005/240.55 miFoxton Avenue, Cullercoats3
£99507/240.55 mi-3
£4,00005/240.57 miAshfield Grove, Whitley Bay7

Local Area Statistics

Population in NE26

19,169

Population in Whitley Bay

49,103

Town centre distance

1.15 miles away

Nearest school

0.30 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+29%

Property History

Listed for £425,000

March 10, 2025

Floor Plans

Description

  • 7 bedrooms +
  • 5 en-suites +
  • Versatile property +
  • Multiple parking spaces +
  • Prime coastal location +
  • Close proximity to local amenities +

Signature North East welcomes you to this impressive eight bedroom terraced property, located in the highly sought-after area of Whitley Bay. Currently operating as a Bed and Breakfast, this versatile property is offered as either a business or residential property. Positioned just fifty doors from the seafront, it boasts generous room sizes and a prime location. With Whitley Bay town centre just a minute away and Whitley Bay Metro station within walking distance offering easy access to Newcastle city centre, the property offers both ease and opportunity.

Upon entering, you are greeted by the porch and central hallway, which provide access to the living room, dining room, kitchen, and bedroom one. The spacious living room offers ample room for furnishings, with a large bay window that allows plenty of natural light, creating a welcoming atmosphere. The dining area provides a perfect space for meals and socializing and can easily accommodate multiple dining tables. The kitchen is well-equipped with attractive wall and base units, complemented by sleek countertops and integrated appliances, including a double electric oven, hob, and washing machine. Bedroom one is a large double room, complete with its own en-suite.

On the first floor, you will find four generously sized bedrooms, each with its own en-suite, providing privacy and comfort for all residents. Each bedroom is spacious enough to accommodate a double bed along with any additional furnishings. The second floor features a further three bedrooms, along with a shower room and a W.C., offering additional versatility.

Externally, this property offers parking for up to three cars on the front drive, as well as a garage to the rear, providing an additional parking space. With its exceptional location, ample living space, and business potential, this property presents a unique opportunity for buyers seeking a home or business in the heart of Whitley Bay.

Living Room - 5.04 x 4.74 (16'6" x 15'6") -

Dining Room - 5.22 x 3.29 (17'1" x 10'9") -

Kitchen - 3.29 x 3.16 (10'9" x 10'4") -

Bedroom One - 4.75 x 4.5 (15'7" x 14'9") -

En Suite - 2.17 x 1.13 (7'1" x 3'8") -

Bedroom Two - 3.29 x 2.52 (10'9" x 8'3") -

En Suite - 2.07 x 1.96 (6'9" x 6'5") -

Bedroom Three - 4.75 x 4.14 (15'7" x 13'6") -

En Suite - 2.21 x 1.17 (7'3" x 3'10") -

Bedroom Four - 4.73 x 4.14 (15'6" x 13'6") -

En Suite - 2.82 x 1.18 (9'3" x 3'10") -

Bedroom Five - 3.19 x 2.43 (10'5" x 7'11") -

En Suite - 1.61 x 1.31 (5'3" x 4'3") -

Bedroom Six - 4.37 x 3.35 (14'4" x 10'11") -

Bedroom Seven - 4.54 x 4.34 (14'10" x 14'2") -

Bedroom Eight - 2.92 x 2.02 (9'6" x 6'7") -

Shower Room - 2.31 x 0.88 (7'6" x 2'10") -

Agent Details

Signature, Whitley Bay

0191 625 0122

Next Steps?

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