According to the public record, 6 Holly Mews, Whitley Bay is a modern leasehold apartment with 754 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Holly Mews, Holly Avenue, Whitley Bay, NE26.
Holly Avenue, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
6 Holly Mews, Whitley Bay has 2 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated February 2011.
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 6 Holly Mews Whitley Bay as £180,263 and the rental value as £1,100 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 6 Holly Mews Whitley Bay has increased by £1,118 (0.6%) and its rental value has increased by £107 per month (9.7%).
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 6 Holly Mews, Whitley Bay is in very good condition we estimate a sale value of £189,276 and rental value of £1,155 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,645 and a rental value of £1,023 per month.
If you were able to purchase this property for the estimated value of £180,263, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £886 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, 6 Holly Mews, Whitley Bay was last sold on 01 Apr 2021 for £154,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2021, the market for similar properties has risen 16.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6 Holly Mews, Whitley Bay within a radius of 460 metres over the last 2 years.
The most recent example is 80, Cambridge Avenue, Whitley Bay, NE26 1BA, a Leasehold flat which sold for £182,000 in Feb 2024.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Holly Avenue, Whitley Bay, NE26 has a total of 62 addresses. According to our analysis of all the public data, 6 Holly Mews, Whitley Bay is the 57th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in NE26.
6 Holly Mews, Whitley Bay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Feb 2011.
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 6 Holly Mews, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 4.7 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 6 Holly Mews, Whitley Bay, 50.0% of property is privately owned with a mortgage and 33.6% 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 6 Holly Mews, Whitley Bay, 25.3% of residents are recorded as possessing school level qualifications and 57.4% 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 6 Holly Mews, Whitley Bay, the average age was 42.5 and the most common age was 52.
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 6 Holly Mews, 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 6 Holly Mews, Whitley Bay, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.