According to the public record, 1, Red House Drive, Whitley Bay is a modern freehold house with 2,594 ft2 of internal area and sits on a 741 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Red House Drive, Whitley Bay, NE25 is located in the borough of North Tyneside within the NE25 postal district.
1, Red House Drive, Whitley Bay has 21 entries in the Land Registry database, most recently in November 2019 and a single entry in the EPC database dated February 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Red House Drive Whitley Bay as £749,103 and the rental value as £1,972 per month giving an expected gross yield of 3.2%.
Over the last 12 months the sale value of 1 Red House Drive Whitley Bay has decreased by £11,183 (1.5%) and its rental value has increased by £133 per month (6.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Red House Drive, Whitley Bay is in very good condition we estimate a sale value of £786,558 and rental value of £2,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £696,666 and a rental value of £1,834 per month.
If you were able to purchase this property for the estimated value of £749,103, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,682 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Red House Drive, Whitley Bay sits on a plot of 741m2.
We have plot size data on 2 out of 15 other houses in the postcode and 1, Red House Drive, Whitley Bay sits on the 2nd largest plot.
According to HM Land Registry, 1, Red House Drive, Whitley Bay was last sold on 21 Nov 2019 for £552,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2019, the market for similar properties has risen 27.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Red House Drive, Whitley Bay within a radius of 650 metres over the last 2 years.
The most recent example is 18, Saltwick Gardens, Whitley Bay, NE25 9GJ, a Freehold house which sold for £725,000 in Oct 2023.
Read more about house prices in NE25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Red House Drive, Whitley Bay, NE25 has a total of 15 addresses. According to our analysis of all the public data, 1, Red House Drive, Whitley Bay is the largest and the most expensive property on the street.
When compared to the postcode district it is £492k more expensive than the average property in NE25.
1, Red House Drive, Whitley Bay has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Feb 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Red House Drive, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 3.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Red House Drive, Whitley Bay, 41.1% of property is privately owned outright and 40.2% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Red House Drive, Whitley Bay, 22.2% of residents are recorded as possessing school level qualifications and 52.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Red House Drive, Whitley Bay, the average age was 47.7 and the most common age was 72.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Red House Drive, Whitley Bay, 1.5% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Red House Drive, Whitley Bay, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.