2 Bed Flat, Single Let, Whitley Bay, NE25 0DJ, £79,950

63 Astley Road, Seaton Delaval, Whitley Bay NE25 0DJ - a month ago

Leasehold

BTL

ROI: 5%

77 m²

+3 photos

ValuationUndervalued

Sold Prices	£53.5K - £116K
Sold Prices/m²	£1K/m² - £1.9K/m²

Square Metres	77 m²
Price/m²	£1K/m²
Value Estimate	£97,539£97,539
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£19,988£19,988
Stamp Duty & Legal Fees	£5,198£5,198
Total Cash In	£25,185£25,185

Cash Out
Rent Range	£350 - £750£350 - £750
Rent Estimate	£481
Running Costs/mo	£366£366
Cashflow/mo	£115£115
Cashflow/yr	£1,379£1,379
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

25 sold prices from £53.5K to £116K, average is £76K. £1K/m² to £1.9K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£80K	11/20	0.16 mi	23, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF	£1,159	69	2	Flat
£104K	12/22	0.17 mi	11, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF	£1,461	71	2	Flat
£85K	08/22	0.56 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,250	68	2	Flat
£72K	02/21	0.56 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,059	68	2	Flat
£72K	02/21	0.56 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,059	68	2	Flat
£104K	10/22	0.62 mi	16, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	£1,926	54	2	Flat
£110K	05/23	0.62 mi	14, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	-	-	2	Flat
£71K	03/21	0.62 mi	6, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	£1,392	51	2	Flat
£58K	01/21	0.78 mi	4, Denham Drive, Seaton Delaval, Whitley Bay, Northumberland NE25 0LA	-	-	2	Flat
£116K	03/23	0.96 mi	25, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND	£1,556	75	2	Flat
£98K	08/21	0.97 mi	3, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND	£1,343	73	2	Flat
£64K	06/21	1.87 mi	7, Weetwood Road, Cramlington, Northumberland NE23 6HT	£1,208	53	2	Flat
£76.5K	11/21	1.87 mi	13, Weetwood Road, Cramlington, Northumberland NE23 6HT	£1,456	53	2	Flat
£55K	08/23	1.9 mi	67, Winshields, Cramlington, Northumberland NE23 6JB	-	-	2	Flat
£76K	11/20	1.9 mi	46, Whitelaw Place, Cramlington, Northumberland NE23 6HY	£1,118	68	2	Flat
£60K	03/21	1.94 mi	4, Woodhill Road, Cramlington, Northumberland NE23 6JQ	£1,176	51	2	Flat
£54K	11/21	1.94 mi	10, Woodhill Road, Cramlington, Northumberland NE23 6JQ	£1,007	54	2	Flat
£70K	04/21	1.94 mi	12, Wreay Walk, Cramlington, Northumberland NE23 6LL	£1,320	53	2	Flat
£77.5K	04/23	1.94 mi	46, Wreay Walk, Cramlington, Northumberland NE23 6LL	£1,582	49	2	Flat
£78K	02/21	1.95 mi	10, Otley Close, Cramlington, Northumberland NE23 2YP	£1,560	50	2	Flat
£56K	04/23	1.99 mi	30, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YL	-	-	2	Flat
£83K	02/23	2 mi	37, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,537	54	2	Flat
£75K	05/21	2 mi	15, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,441	52	2	Flat
£80K	12/20	2 mi	43, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,419	56	2	Flat
£53.5K	06/21	2 mi	7, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,005	53	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£475	07/23	0.02 mi	-	2	Terraced House
£525	09/24	0.02 mi	-	2	Flat
£625	07/24	0.13 mi	-	2	Flat
£625	07/24	0.13 mi	-	2	Flat
£625	07/24	0.13 mi	Hartley Street, Seaton Delaval, Whitley Bay, NE25	2	Flat
£625	06/24	0.22 mi	Queens Court, Seaton Delaval, Whitley Bay, Northumberland, NE25 0BR	2	Flat
£750	08/24	0.27 mi	Park View, Seaton Delaval, Whitley Bay	2	Semi-Detached House
£695	06/24	0.33 mi	-	2	Terraced House
£350	05/24	0.37 mi	Elsdon Avenue, Whitley Bay	2	Flat
£750	06/24	0.6 mi	Newburgh Avenue, Seaton Delaval, Whitley Bay	2	Flat
£700	08/24	0.96 mi	Laurel Terrace, Holywell, Whitley Bay	2	Flat

Local Area Statistics

Population in NE25	29,93629,936
Population in Whitley Bay	49,10349,103
Town centre distance	2.77 miles away2.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.72 miles away2.72 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 £79,950

March 12, 2025

Floor Plans

Description

First Floor Flat +
Convenient Location +
Lounge/Diner +
Fitted Kitchen +
Bathroom with electric shower over +
2 Bedrooms +
Shared Rear Yard +
Ideal First Time Purchase +
No Upper Chain +
Good Buy to let +

An excellent opportunity for first time buyers and/or investors looking for a buy to let. Situated in the centre of Seaton Delaval close to local amenities including, shops, schools and the newly opened Northumberland Train Line. Being sold with no upper chain.

Briefly comprising Entrance Lobby with stairs to first floor landing, Lounge with feature fireplace with space for dining table/chairs, fitted kitchen with a range of floor units with contrasting work tops incorporating stainless steel unit, electric oven and hob, plumbing for automatic washing machine, rear lobby with stairs to yard. Bathroom with white suite of panelled bath with electric shower over, pedestal handwash basin and low level w.c. To the front of the property there are two bedrooms.

Externally there is a shared rear yard. The property has gas central heating and UPVC double glazed windows.

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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