6 Bed Terraced House, Single Let, Whitley Bay, NE26 2BF, £650,000
8 HIGHPOINT VIEW PROMENADE, WHITLEY BAY NE26 2BF - 2 months ago
BTL
~186 m²





+17 photos
ValuationOvervalued
Sold Prices | £138K - £1.4M |
Sold Prices/m² | £670/m² - £4.6K/m² |
| |
Square Metres | ~186 m² |
Price/m² | £3.5K/m² |
Value Estimate | £509,197 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £162,500 |
Stamp Duty & Legal Fees | £53,700 |
Total Cash In | £216,200 |
| |
Cash Out | |
Rent Range | £575 - £3,000 |
Rent Estimate | £750 |
Running Costs/mo | £2,201 |
Cashflow/mo | £-1,451 |
Cashflow/yr | £-17,415 |
Gross Yield | 1% |
Local Sold Prices
24 sold prices from £138K to £1.4M, average is £567.5K. £670/m² to £4.6K/m², average is £2.7K/m².
Local Rents
24 rents from £575/mo to £3K/mo, average is £1.2K/mo.
Local Area Statistics
Population in NE26 | 19,169 |
Population in Whitley Bay | 49,103 |
Town centre distance | 1.56 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.89 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +16% |
Sales demand | Balanced market |
Capital growth (5yrs) | +29% |
Property History
Listed for £650,000
March 12, 2025
Floor Plans





Description
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