According to the public record, First Floor Flat, 60, Park Avenue, Whitley Bay is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 710 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 60, Park Avenue, Whitley Bay, NE26.
Park Avenue, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
First Floor Flat, 60, Park Avenue, Whitley Bay has a single entry in the Land Registry database from June 2023 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 First Floor Flat 60 Park Avenue Whitley Bay as £147,050 and the rental value as £1,005 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of First Floor Flat 60 Park Avenue Whitley Bay has increased by £1,338 (0.9%) and its rental value has increased by £101 per month (10.0%).
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 First Floor Flat, 60, Park Avenue, Whitley Bay is in very good condition we estimate a sale value of £154,403 and rental value of £1,055 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £136,757 and a rental value of £935 per month.
If you were able to purchase this property for the estimated value of £147,050, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £723 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, First Floor Flat, 60, Park Avenue, Whitley Bay was last sold on 01 Jun 2023 for £135,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2023, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to First Floor Flat, 60, Park Avenue, Whitley Bay within a radius of 420 metres over the last 2 years.
The most recent example is 19, Cambridge Avenue, Whitley Bay, NE26 1BB, a Leasehold flat which sold for £138,000 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, First Floor Flat, 60, Park Avenue, Whitley Bay is the 64th largest and the 71st most expensive property on the street.
When compared to the postcode district it is £202k less expensive than the average property in NE26.
The closest station to First Floor Flat, 60, 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 First Floor Flat, 60, 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 First Floor Flat, 60, 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 First Floor Flat, 60, 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 First Floor Flat, 60, 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 First Floor Flat, 60, 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.