According to the public record, 24, Cambridge Avenue, Whitley Bay is a period leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Cambridge Avenue, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
24, Cambridge Avenue, Whitley Bay has 2 entries in the Land Registry database, most recently in April 2018 and a single entry in the EPC database dated June 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 24 Cambridge Avenue Whitley Bay as £151,028 and the rental value as £1,021 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 24 Cambridge Avenue Whitley Bay has increased by £1,378 (0.9%) and its rental value has increased by £102 per month (10.0%).
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 24, Cambridge Avenue, Whitley Bay is in very good condition we estimate a sale value of £158,579 and rental value of £1,072 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £140,456 and a rental value of £950 per month.
If you were able to purchase this property for the estimated value of £151,028, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £742 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 HM Land Registry, 24, Cambridge Avenue, Whitley Bay was last sold on 27 Apr 2018 for £125,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2018, the market for similar properties has risen 33.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Cambridge Avenue, Whitley Bay within a radius of 440 metres over the last 2 years.
The most recent example is 3, Cambridge Avenue, Whitley Bay, NE26 1BB, a Leasehold flat which sold for £175,000 in Oct 2023.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cambridge Avenue, Whitley Bay, NE26 has a total of 113 addresses. According to our analysis of all the public data, 24, Cambridge Avenue, Whitley Bay is the 81st largest and the 87th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in NE26.
24, Cambridge Avenue, Whitley Bay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jun 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 24, Cambridge Avenue, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 4.9 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 24, Cambridge Avenue, Whitley Bay, 39.9% of property is privately owned with a mortgage and 29.7% 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 24, Cambridge Avenue, Whitley Bay, 16.8% of residents are recorded as possessing school level qualifications and 52.2% 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 24, Cambridge Avenue, Whitley Bay, the average age was 41.9 and the most common age was 42.
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 24, Cambridge Avenue, Whitley Bay, 0.7% 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 24, Cambridge Avenue, Whitley Bay, there are an average of 0.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.