According to the public record, 6, Malcolm Court, Whitley Bay is a mid-century leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Malcolm Court, Whitley Bay, NE25 is located in the borough of North Tyneside within the NE25 postal district.
6, Malcolm Court, Whitley Bay has 21 entries in the Land Registry database, most recently in January 2021 and a single entry in the EPC database dated April 2016.
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 Malcolm Court Whitley Bay as £126,429 and the rental value as £865 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 6 Malcolm Court Whitley Bay has increased by £524 (0.4%) and its rental value has increased by £79 per month (9.2%).
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, Malcolm Court, Whitley Bay is in very good condition we estimate a sale value of £132,751 and rental value of £908 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,579 and a rental value of £805 per month.
If you were able to purchase this property for the estimated value of £126,429, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £621 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, Malcolm Court, Whitley Bay was last sold on 29 Jan 2021 for £112,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2021, the market for similar properties has risen 16.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Malcolm Court, Whitley Bay within a radius of 510 metres over the last 2 years.
The most recent example is 8, Malcolm Court, Whitley Bay, NE25 8NN, a Leasehold flat which sold for £115,000 in May 2023.
Read more about house prices in NE25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Malcolm Court, Whitley Bay, NE25 has a total of 15 addresses. According to our analysis of all the public data, 6, Malcolm Court, Whitley Bay is the 12th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £131k less expensive than the average property in NE25.
6, Malcolm Court, Whitley Bay has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Apr 2016.
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, Malcolm Court, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 2.9 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, Malcolm Court, Whitley Bay, 48.9% of property is privately owned outright and 40.4% 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 6, Malcolm Court, Whitley Bay, 16.6% of residents are recorded as possessing school level qualifications and 45.5% 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 6, Malcolm Court, Whitley Bay, the average age was 46.6 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, Malcolm Court, Whitley Bay, 0.7% 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, Malcolm Court, 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.