According to the public record, 40, Grosvenor Drive, Whitley Bay is a period freehold house with 1,926 ft2 of internal area and sits on a 295 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Grosvenor Drive, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
40, Grosvenor Drive, Whitley Bay has 21 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated May 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 40 Grosvenor Drive Whitley Bay as £524,714 and the rental value as £1,998 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 40 Grosvenor Drive Whitley Bay has decreased by £6,382 (1.2%) and its rental value has increased by £154 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 40, Grosvenor Drive, Whitley Bay is in very good condition we estimate a sale value of £550,949 and rental value of £2,098 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £487,984 and a rental value of £1,858 per month.
If you were able to purchase this property for the estimated value of £524,714, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,579 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, 40, Grosvenor Drive, Whitley Bay sits on a plot of 295m2.
We have plot size data on 17 out of 33 other houses in the postcode and 40, Grosvenor Drive, Whitley Bay sits on the 3rd largest plot.
According to HM Land Registry, 40, Grosvenor Drive, Whitley Bay was last sold on 25 Aug 2020 for £430,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2020, the market for similar properties has risen 22.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Grosvenor Drive, Whitley Bay within a radius of 460 metres over the last 2 years.
The most recent example is 10, Kings Drive, Whitley Bay, NE26 2JT, a Freehold house which sold for £308,000 in Nov 2021.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grosvenor Drive, Whitley Bay, NE26 has a total of 122 addresses. According to our analysis of all the public data, 40, Grosvenor Drive, Whitley Bay is the 4th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £176k more expensive than the average property in NE26.
40, Grosvenor Drive, Whitley Bay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 May 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 40, Grosvenor Drive, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 4.4 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 40, Grosvenor Drive, Whitley Bay, 48.2% of property is privately owned with a mortgage and 43.9% is privately owned outright.
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 40, Grosvenor Drive, Whitley Bay, 27.8% of residents are recorded as possessing school level qualifications and 63.5% 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 40, Grosvenor Drive, 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 40, Grosvenor Drive, Whitley Bay, 0.5% 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 40, Grosvenor Drive, Whitley Bay, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.