2 Bed Flat, Single Let, Whitley Bay, NE25 0DQ, £50,000

Astley Road, Seaton Delaval, NE25 0DQ - a month ago

Leasehold

BTL

ROI: 15%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£53.5K - £160K
Sold Prices/m²	£1K/m² - £1.9K/m²

Square Metres	~68.11 m²
Price/m²	£734/m²
Value Estimate	£60,000£60,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£12,500£12,500
Stamp Duty & Legal Fees	£3,700£3,700
Total Cash In	£16,200£16,200

Cash Out
Rent Range	£350 - £750£350 - £750
Rent Estimate	£481
Running Costs/mo	£272£272
Cashflow/mo	£209£209
Cashflow/yr	£2,503£2,503
ROI	15%15%
Gross Yield	12%12%

Local Sold Prices

32 sold prices from £53.5K to £160K, average is £76.3K. £1K/m² to £1.9K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£80K	11/20	0.23 mi	23, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF	£1,159	69	2	Flat
£104K	12/22	0.23 mi	11, Hayward Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0AF	£1,461	71	2	Flat
£85K	08/22	0.63 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,250	68	2	Flat
£72K	02/21	0.63 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,059	68	2	Flat
£72K	02/21	0.63 mi	19, Westbourne Terrace, Seaton Delaval, Whitley Bay, Northumberland NE25 0BE	£1,059	68	2	Flat
£104K	10/22	0.65 mi	16, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	£1,926	54	2	Flat
£110K	05/23	0.65 mi	14, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	-	-	2	Flat
£71K	03/21	0.65 mi	6, Newburgh Avenue, Seaton Delaval, Whitley Bay, Northumberland NE25 0JW	£1,392	51	2	Flat
£58K	01/21	0.84 mi	4, Denham Drive, Seaton Delaval, Whitley Bay, Northumberland NE25 0LA	-	-	2	Flat
£116K	03/23	1.02 mi	25, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND	£1,556	75	2	Flat
£98K	08/21	1.03 mi	3, Laurel Terrace, Holywell, Whitley Bay, Northumberland NE25 0ND	£1,343	73	2	Flat
£64K	06/21	1.8 mi	7, Weetwood Road, Cramlington, Northumberland NE23 6HT	£1,208	53	2	Flat
£76.5K	11/21	1.8 mi	13, Weetwood Road, Cramlington, Northumberland NE23 6HT	£1,456	53	2	Flat
£55K	08/23	1.83 mi	67, Winshields, Cramlington, Northumberland NE23 6JB	-	-	2	Flat
£76K	11/20	1.83 mi	46, Whitelaw Place, Cramlington, Northumberland NE23 6HY	£1,118	68	2	Flat
£60K	03/21	1.87 mi	4, Woodhill Road, Cramlington, Northumberland NE23 6JQ	£1,176	51	2	Flat
£54K	11/21	1.87 mi	10, Woodhill Road, Cramlington, Northumberland NE23 6JQ	£1,007	54	2	Flat
£70K	04/21	1.88 mi	12, Wreay Walk, Cramlington, Northumberland NE23 6LL	£1,320	53	2	Flat
£77.5K	04/23	1.88 mi	46, Wreay Walk, Cramlington, Northumberland NE23 6LL	£1,582	49	2	Flat
£78K	02/21	1.88 mi	10, Otley Close, Cramlington, Northumberland NE23 2YP	£1,560	50	2	Flat
£56K	04/23	1.92 mi	30, Oxford Avenue, Eastfield Green, Cramlington, Northumberland NE23 2YL	-	-	2	Flat
£73.5K	11/22	1.93 mi	45, Coomside, Cramlington, Northumberland NE23 6HW	£1,205	61	2	Flat
£83K	02/23	1.93 mi	37, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,537	54	2	Flat
£75K	05/21	1.93 mi	15, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,441	52	2	Flat
£80K	12/20	1.93 mi	43, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,419	56	2	Flat
£53.5K	06/21	1.93 mi	7, Wreay Walk, Cramlington, Northumberland NE23 6LJ	£1,005	53	2	Flat
£82K	08/22	1.95 mi	6, Huntingdon Drive, Cramlington, Northumberland NE23 2FA	£1,491	55	2	Flat
£74K	05/22	1.95 mi	10, Huntingdon Drive, Cramlington, Northumberland NE23 2FA	£1,298	57	2	Flat
£160K	11/23	1.97 mi	4, Wilton Close, Cramlington, Northumberland NE23 6LY	-	-	2	Flat
£80K	08/21	1.97 mi	65, Wreay Walk, Cramlington, Northumberland NE23 6PB	£1,666	48	2	Flat
£71K	11/21	1.98 mi	74, Westerkirk, Cramlington, Northumberland NE23 6NE	£1,268	56	2	Flat
£77K	06/22	1.99 mi	3, Craigend, Cramlington, Northumberland NE23 6LF	£1,540	50	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	0.09 mi	-	2	Terraced House
£525	09/24	0.09 mi	-	2	Flat
£625	07/24	0.2 mi	-	2	Flat
£625	07/24	0.2 mi	-	2	Flat
£625	07/24	0.2 mi	Hartley Street, Seaton Delaval, Whitley Bay, NE25	2	Flat
£625	06/24	0.29 mi	Queens Court, Seaton Delaval, Whitley Bay, Northumberland, NE25 0BR	2	Flat
£750	08/24	0.34 mi	Park View, Seaton Delaval, Whitley Bay	2	Semi-Detached House
£695	06/24	0.39 mi	-	2	Terraced House
£350	05/24	0.43 mi	Elsdon Avenue, Whitley Bay	2	Flat
£750	06/24	0.63 mi	Newburgh Avenue, Seaton Delaval, Whitley Bay	2	Flat
£700	08/24	1.02 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	2.84 miles away2.84 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.75 miles away2.75 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 £50,000

March 20, 2025

Description

A two bedroomed, lower flat situated in the centre of Seaton Delaval close to local amenities, shops, schools and the newly opened Northumberland Train Line.
The property has gas fired central heating and is offered for sale CHAIN FREE .
Leasehold. (14.09.1988) Short particulars of the lease(s) (or under-lease(s))
under which the land is held:
Date : 15 April 1988
Term : 999 years from 15 April 1988
Rent : One Peppercorn
Council Tax Band A
EPC Rating C
All services/appliances have not and will not be tested.

Hall
Radiator, built in cupboard

Bedroom 1 4.37m (14'4") x 3.66m (12'0")
Radiator

Bedroom 2 3.40m (11'2") x 1.90m (6'3")
Living Room 4.47m (14'8") x 3.35m (11'0")
Double radiator, fireplace feature

Kitchen 2.95m (9'8") x 2.21m (7'3")
Beech unit, sink unit, wall mounted Valliant boiler, built in cooker

Rear Lobby
Bathroom
White suite of panelled bath, pedestal wash basin and low level wc, radiator

Externally
Shared Yard to rear

Tenure
Leasehold. (14.09.1988) Short particulars of the lease(s) (or under-lease(s))
under which the land is held:
Date : 15 April 1988
Term : 999 years from 15 April 1988
Rent : One Peppercorn

Agent Details

Renown Estate Agents, Cramlington

01670 331202

Next Steps?

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ValuationUndervalued

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Local Area Statistics

Property History

Description

Agent Details

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