According to the public record, 3, Grenada Place, Whitley Bay is a mid-century freehold house with 1,130 ft2 of internal area and sits on a 160 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Grenada Place, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
3, Grenada Place, Whitley Bay has 3 entries in the Land Registry database, most recently in February 2021 and a single entry in the EPC database dated October 2020.
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 3 Grenada Place Whitley Bay as £259,566 and the rental value as £1,403 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 3 Grenada Place Whitley Bay has decreased by £1,400 (0.5%) and its rental value has increased by £118 per month (8.4%).
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 3, Grenada Place, Whitley Bay is in very good condition we estimate a sale value of £272,544 and rental value of £1,473 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £241,397 and a rental value of £1,304 per month.
If you were able to purchase this property for the estimated value of £259,566, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,276 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, 3, Grenada Place, Whitley Bay sits on a plot of 160m2.
We have plot size data on 6 out of 8 other houses in the postcode and 3, Grenada Place, Whitley Bay sits on the 6th largest plot.
According to HM Land Registry, 3, Grenada Place, Whitley Bay was last sold on 24 Feb 2021 for £210,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2021, the market for similar properties has risen 20.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Grenada Place, Whitley Bay within a radius of 670 metres over the last 2 years.
The most recent example is 4, St. Vincents Place, Whitley Bay, NE26 1HT, a Freehold house which sold for £236,500 in Nov 2022.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grenada Place, Whitley Bay, NE26 has a total of 8 addresses. According to our analysis of all the public data, 3, Grenada Place, Whitley Bay is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in NE26.
3, Grenada Place, Whitley Bay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Oct 2020.
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 3, Grenada Place, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 4.6 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 3, Grenada Place, Whitley Bay, 45.6% of property is privately owned outright and 35.6% 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 3, Grenada Place, Whitley Bay, 22.1% of residents are recorded as possessing school level qualifications and 47.5% 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 3, Grenada Place, 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 3, Grenada Place, Whitley Bay, 0.0% 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 3, Grenada Place, Whitley Bay, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.