According to the public record, 1, Springfield Grove, Whitley Bay is a modern freehold house with 1,205 ft2 of internal area and sits on a 209 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Springfield Grove, Whitley Bay, NE25 is located in the borough of North Tyneside within the NE25 postal district.
1, Springfield Grove, Whitley Bay has 3 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated July 2012.
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 Springfield Grove Whitley Bay as £315,093 and the rental value as £1,516 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 1 Springfield Grove Whitley Bay has decreased by £3,247 (1.0%) and its rental value has increased by £117 per month (7.7%).
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, Springfield Grove, Whitley Bay is in very good condition we estimate a sale value of £330,848 and rental value of £1,591 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,037 and a rental value of £1,410 per month.
If you were able to purchase this property for the estimated value of £315,093, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,549 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, Springfield Grove, Whitley Bay sits on a plot of 209m2.
We have plot size data on 3 out of 3 other houses in the postcode and 1, Springfield Grove, Whitley Bay sits on the 5th largest plot.
According to HM Land Registry, 1, Springfield Grove, Whitley Bay was last sold on 07 Jun 2021 for £280,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 17.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Springfield Grove, Whitley Bay within a radius of 470 metres over the last 2 years.
The most recent example is 10, Wembley Avenue, Whitley Bay, NE25 8TE, a Freehold house which sold for £320,000 in Jan 2024.
Read more about house prices in NE25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springfield Grove, Whitley Bay, NE25 has a total of 7 addresses. According to our analysis of all the public data, 1, Springfield Grove, Whitley Bay is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £58k more expensive than the average property in NE25.
1, Springfield Grove, Whitley Bay has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Jul 2012.
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, Springfield Grove, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 3.5 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, Springfield Grove, Whitley Bay, 33.3% of property is privately owned with a mortgage and 30.2% is privately rented.
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, Springfield Grove, Whitley Bay, 15.6% of residents are recorded as possessing school level qualifications and 34.1% 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, Springfield Grove, Whitley Bay, the average age was 42.5 and the most common age was 52.
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, Springfield Grove, Whitley Bay, 0.8% 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, Springfield Grove, Whitley Bay, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.