2 Bed Flat, Single Let, Whitley Bay, NE25 9NY, £117,500

Thorntree Drive, Whitley Bay, NE25 9NY - a month ago

Leasehold
BTL
ROI: 6%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£90K - £175K
Sold Prices/m²£1.7K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£144,525
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,375

Stamp Duty & Legal Fees

£7,075

Total Cash In

£36,450

 

 

Cash Out

 

Rent Range

£690 - £1,300

Rent Estimate

£700

Running Costs/mo

£527

Cashflow/mo

£173

Cashflow/yr

£2,074

ROI

6%

Gross Yield

7%

Local Sold Prices

51 sold prices from £90K to £175K, average is £135K. £1.7K/m² to £3.3K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£146.5K11/220.07 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£101.5K12/200.09 mi12, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£112.5K01/210.09 mi6, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£115K05/230.09 mi8, Malcolm Court, Whitley Bay, Tyne And Wear NE25 8NN2
£135K03/210.13 mi8, Holm Green, Whitley Bay, Tyne And Wear NE25 9SQ2
£139.3K02/210.14 mi52a, Fairfield Green, Whitley Bay, Tyne And Wear NE25 9SD2
£162.5K07/210.14 mi104, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£125K04/210.14 mi80, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£154.5K04/230.14 mi72, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£155K07/230.14 mi84, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£150K10/220.14 mi68, Turnberry, Whitley Bay, Tyne And Wear NE25 9NZ2
£150K07/230.16 mi12a, Fairfield Drive, Whitley Bay, Tyne And Wear NE25 9SL2
£123K11/200.2 mi14, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£132K12/200.2 mi18, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£148.5K11/200.2 mi37, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£118.5K02/210.2 mi40, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£129K01/210.2 mi26, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£155K09/210.2 mi38, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£141.5K03/210.2 mi25, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.2 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£135K06/230.2 mi3, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£150K12/220.2 mi8, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£138.5K04/210.2 mi34, Carnoustie Court, Whitley Bay, Tyne And Wear NE25 9EZ2
£161.9K08/230.23 mi11, Wilton Drive, Whitley Bay, Tyne And Wear NE25 9PU2
£132.5K06/210.29 mi48, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£135K06/230.29 mi41, Chathill Close, Whitley Bay, Tyne And Wear NE25 9LN2
£157.5K01/230.29 mi58, Monks Avenue, Whitley Bay, Tyne And Wear NE25 9RT2
£90K11/200.32 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£90K11/200.32 mi10, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£130K12/220.32 mi14, Elford Close, Whitley Bay, Tyne And Wear NE25 9LW2
£127.5K09/230.38 mi98, Birkdale, Whitley Bay, Tyne And Wear NE25 9LZ2
£115K03/210.4 mi14, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£130K08/230.4 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£115K02/210.4 mi15, Birkdale, Whitley Bay, Tyne And Wear NE25 9LY2
£140K06/210.47 mi64, Cauldwell Lane, Whitley Bay, Tyne And Wear NE25 8LN2
£128K01/210.54 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£128K01/210.54 mi14, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135.4K03/230.54 mi17, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£135K07/230.54 mi16, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8ST2
£110K11/200.55 mi49, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£140K02/210.55 mi77, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£125K04/210.55 mi152, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£159.3K12/220.55 mi116, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£145K05/230.55 mi53, Closefield Grove, Whitley Bay, Tyne And Wear NE25 8SU2
£127.5K05/210.56 mi41, Hepscott Drive, Whitley Bay, Tyne And Wear NE25 9XJ2
£139.9K09/210.61 mi50, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£137.5K10/220.67 mi63, Briar Vale, Whitley Bay, Tyne And Wear NE25 9AZ2
£157K04/210.68 mi6, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£159K06/210.68 mi9, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£166.4K09/210.68 mi10, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2
£175K04/230.68 mi3, Beaumont Court, Whitley Bay, Tyne And Wear NE25 9TZ2

Local Rents

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

RentDateDistanceAddressBeds 
£95006/240.1 miTurnberry, West Monkseaton, Whitley Bay, Tyne and Wear, NE25 9NZ2
£89505/240.12 miTurnberry, Whitley Bay, Tyne and Wear, NE252
£80006/230.13 mi-2
£80008/240.13 mi-2
£80006/240.13 miTurnberry, Whitley Bay, NE252
£79507/240.14 miTurnberry, Monkseaton2
£69001/240.17 mi-2
£82507/240.17 mi-2
£80009/240.17 mi-2
£80006/240.17 miFairfield Drive, Whitley Bay, NE252
£77505/240.17 miHolm Green, Whitley Bay2
£90003/250.17 mi-2
£75007/240.2 miCarnoustie Court, Whitley Bay, NE252
£70007/240.2 miCarnoustie Court, Monkseaton2
£70008/240.2 miCarnoustie Court, Monkseaton2
£80012/240.2 miCarnousite Court, Monkseaton2
£81501/250.32 mi-2
£81502/250.32 mi-2
£97505/240.34 miThorntree Drive, Whitley Bay, Tyne and Wear, NE252
£1,30011/240.34 mi-2
£79508/240.38 miFriars Rise, Monkseaton, Whitley Bay2
£90006/230.39 mi-2
£70007/240.39 miBirkdale, Whitley Bay2
£1,29503/250.39 mi-2
£1,05005/240.4 mi19 Uplands2
£81506/240.41 miBirkdale, Whitley Bay2
£70005/240.42 miBirkdale, Whitley Bay2
£75001/240.48 mi-2
£80006/240.49 miAthol Gardens, Whitley Bay2
£79508/240.51 miClosefield Grove, Whitley Bay, Tyne and Wear, NE25 8SU2
£79508/240.53 mi-2
£1,30003/250.58 miNewlands, Whitley Bay2

Local Area Statistics

Population in NE25

29,936

Population in Whitley Bay

49,103

Town centre distance

0.69 miles away

Nearest school

0.40 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+11%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £117,500

March 11, 2025

Floor Plans

Description

  • Two-bedroom apartment +
  • Spacious Layout +
  • En-Suite +
  • Designated parking +
  • Great Local Amenities +
  • Ideal for Commuters +

Signature North East welcomes you to this charming two bedroom apartment located in the outskirts of Whitley Bay. Offering a prime location close to the picturesque Northumberland coastline, this property is also well connected with West Monkseaton metro station nearby, providing direct access to Newcastle city centre. The apartment is just under a 10-minute drive from Whitley Bay town centre and with local shops, schools, and eateries all within easy reach, this is an ideal location for convenient and comfortable living.

As you enter the property, you are welcomed by the spacious living room, this bright and airy space offers plenty of room for furniture and features a large window that allows natural light to fill the room. The living area seamlessly connects to the kitchen, which offers stylish wall and base units, complemented by sleek countertops. The kitchen comes complete with integrated appliances, including an oven and hob, providing the essentials for modern living.

Continuing through the property, you will find two generously sized bedrooms, both of which can easily accommodate a double bed and additional furnishings. The master bedroom provides the luxury of an en-suite, offering extra privacy and comfort. Completing the interior is the bathroom, which features a bathtub, hand basin, and WC, ensuring a practical and well-equipped space.

Externally, the property offers an allocated parking space in a designated car park, ensuring convenience and peace of mind for residents. This well-positioned apartment combines practicality with charm, making it a perfect choice for those looking to enjoy the best of coastal living.

Living Room - 4.49 x 3.22 (14'8" x 10'6") -

Kitchen - 2.68 x 1.8 (8'9" x 5'10") -

Bedroom One - 4.49 x 2.8 (14'8" x 9'2") -

En Suite - 1.8 x 1.45 (5'10" x 4'9") -

Bedroom Two - 3.06 x 2.39 (10'0" x 7'10") -

Bathroom - 2.23 x 1.8 (7'3" x 5'10") -

Agent Details

Signature, Whitley Bay

0191 625 0122

Next Steps?

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