According to the public record, 41, North Parade, Whitley Bay is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,565 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
North Parade, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
41, North Parade, Whitley Bay has 61 entries in the Land Registry database, most recently in March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 41 North Parade Whitley Bay as £335,908 and the rental value as £1,541 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 41 North Parade Whitley Bay has decreased by £455 (0.1%) and its rental value has increased by £136 per month (8.8%).
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 41, North Parade, Whitley Bay is in very good condition we estimate a sale value of £352,704 and rental value of £1,618 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £312,395 and a rental value of £1,433 per month.
If you were able to purchase this property for the estimated value of £335,908, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,651 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, 41, North Parade, Whitley Bay was last sold on 09 Mar 2007 for £247,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since Mar 2007, the market for similar properties has risen 66.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, North Parade, Whitley Bay within a radius of 520 metres over the last 2 years.
The most recent example is 27, Ocean View, Whitley Bay, NE26 1AL, a Freehold house which sold for £350,000 in Dec 2023.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
North Parade, Whitley Bay, NE26 has a total of 81 addresses. According to our analysis of all the public data, 41, North Parade, Whitley Bay is the 33rd largest and the 27th most expensive property on the street.
When compared to the postcode district it is £13k less expensive than the average property in NE26.
The closest station to 41, North Parade, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 5.0 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 41, North Parade, Whitley Bay, 50.9% of property is privately rented and 27.7% 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 41, North Parade, Whitley Bay, 22.1% of residents are recorded as possessing school level qualifications and 38.4% 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 41, North Parade, 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 41, North Parade, Whitley Bay, 0.2% 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 41, North Parade, 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.