According to the public record, 3, Westminster Close, Whitley Bay is a modern leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Westminster Close, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
3, Westminster Close, Whitley Bay has 41 entries in the Land Registry database, most recently in June 2024 and a single entry in the EPC database dated February 2024.
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 Westminster Close Whitley Bay as £149,700 and the rental value as £972 per month giving an expected gross yield of 7.8%.
Over the last 12 months the sale value of 3 Westminster Close Whitley Bay has increased by £1,239 (0.8%) and its rental value has increased by £95 per month (9.8%).
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 3, Westminster Close, Whitley Bay is in very good condition we estimate a sale value of £157,185 and rental value of £1,020 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £139,221 and a rental value of £904 per month.
If you were able to purchase this property for the estimated value of £149,700, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £736 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, 3, Westminster Close, Whitley Bay was last sold on 25 Jun 2024 for £149,950 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jun 2024, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Westminster Close, Whitley Bay within a radius of 460 metres over the last 2 years.
The most recent example is 15 St. Margarets Court, Whitley Road, Whitley Bay, NE26 2PL, a Leasehold flat which sold for £61,000 in Sep 2021.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Westminster Close, Whitley Bay, NE26 has a total of 16 addresses. According to our analysis of all the public data, 3, Westminster Close, Whitley Bay is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £199k less expensive than the average property in NE26.
3, Westminster Close, Whitley Bay has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Feb 2024.
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, Westminster Close, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 5.4 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, Westminster Close, Whitley Bay, 35.8% of property is privately owned outright and 35.8% 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, Westminster Close, Whitley Bay, 16.4% of residents are recorded as possessing school level qualifications and 51.3% 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, Westminster Close, 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 3, Westminster Close, Whitley Bay, 2.0% 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, Westminster Close, Whitley Bay, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.