According to the public record, 147A, Whitley Road, Whitley Bay is a period leasehold apartment with 1,345 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 147, Whitley Road, Whitley Bay, NE26.
Whitley Road, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
147A, Whitley Road, Whitley Bay has 51 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated September 2021.
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 147A Whitley Road Whitley Bay as £244,330 and the rental value as £1,427 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 147A Whitley Road Whitley Bay has increased by £1,641 (0.7%) and its rental value has increased by £137 per month (9.6%).
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 147A, Whitley Road, Whitley Bay is in very good condition we estimate a sale value of £256,546 and rental value of £1,498 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,227 and a rental value of £1,327 per month.
If you were able to purchase this property for the estimated value of £244,330, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,201 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, 147A, Whitley Road, Whitley Bay was last sold on 18 Feb 2022 for £214,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Feb 2022, the market for similar properties has risen 11.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 147A, Whitley Road, Whitley Bay within a radius of 420 metres over the last 2 years.
The most recent example is 67A, Victoria Terrace, Whitley Bay, NE26 2QN, a Leasehold flat which sold for £160,000 in Nov 2022.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Whitley Road, Whitley Bay, NE26 has a total of 228 addresses. According to our analysis of all the public data, 147A, Whitley Road, Whitley Bay is the 79th largest and the 88th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in NE26.
147A, Whitley Road, Whitley Bay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Sep 2021.
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 147A, Whitley Road, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 5.1 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 147A, Whitley Road, Whitley Bay, 44.0% of property is privately owned with a mortgage and 32.0% 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 147A, Whitley Road, Whitley Bay, 25.4% of residents are recorded as possessing school level qualifications and 49.1% 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 147A, Whitley Road, 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 147A, Whitley Road, Whitley Bay, 0.3% 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 147A, Whitley Road, 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.