According to the public record, 88, Park Avenue, Whitley Bay is a period freehold house with 1,374 ft2 of internal area and sits on a 127 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Park Avenue, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
88, Park Avenue, Whitley Bay has 3 entries in the Land Registry database, most recently in July 2019 and a single entry in the EPC database dated April 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 88 Park Avenue Whitley Bay as £358,588 and the rental value as £1,657 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 88 Park Avenue Whitley Bay has decreased by £2,729 (0.8%) and its rental value has increased by £136 per month (8.2%).
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 88, Park Avenue, Whitley Bay is in very good condition we estimate a sale value of £376,517 and rental value of £1,740 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £333,487 and a rental value of £1,541 per month.
If you were able to purchase this property for the estimated value of £358,588, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,762 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, 88, Park Avenue, Whitley Bay sits on a plot of 127m2.
We have plot size data on 9 out of 11 other houses in the postcode and 88, Park Avenue, Whitley Bay sits on the 5th largest plot.
According to HM Land Registry, 88, Park Avenue, Whitley Bay was last sold on 05 Jul 2019 for £221,250 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jul 2019, the market for similar properties has risen 28.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 88, Park Avenue, Whitley Bay within a radius of 440 metres over the last 2 years.
The most recent example is 36, Holly Avenue, Whitley Bay, NE26 1ED, a Freehold house which sold for £380,000 in Feb 2023.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Avenue, Whitley Bay, NE26 has a total of 91 addresses. According to our analysis of all the public data, 88, Park Avenue, Whitley Bay is the 44th largest and the 40th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in NE26.
88, Park Avenue, Whitley Bay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Apr 2011.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 88, Park Avenue, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 4.8 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 88, Park Avenue, Whitley Bay, 41.9% of property is privately owned with a mortgage and 25.6% 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 88, Park Avenue, Whitley Bay, 17.7% of residents are recorded as possessing school level qualifications and 46.7% 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 88, Park Avenue, 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 88, Park Avenue, Whitley Bay, 0.8% 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 88, Park Avenue, 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.