According to the public record, Flat 2, 18, Edwards Road, Whitley Bay is a period leasehold apartment with 409 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 18, Edwards Road, Whitley Bay, NE26.
Edwards Road, Whitley Bay, NE26 is located in the borough of North Tyneside within the NE26 postal district.
Flat 2, 18, Edwards Road, Whitley Bay has 3 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated April 2012.
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 Flat 2 18 Edwards Road Whitley Bay as £101,099 and the rental value as £722 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of Flat 2 18 Edwards Road Whitley Bay has increased by £991 (1.0%) and its rental value has increased by £71 per month (9.9%).
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 Flat 2, 18, Edwards Road, Whitley Bay is in very good condition we estimate a sale value of £106,154 and rental value of £759 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £94,022 and a rental value of £672 per month.
If you were able to purchase this property for the estimated value of £101,099, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £497 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, Flat 2, 18, Edwards Road, Whitley Bay was last sold on 28 Aug 2020 for £63,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2020, the market for similar properties has risen 19.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 18, Edwards Road, Whitley Bay within a radius of 470 metres over the last 2 years.
The most recent example is Verano Apartments 118, Whitley Road, Whitley Bay, NE26 2NA, a Leasehold flat which sold for £108,500 in Jul 2022.
Read more about house prices in NE26.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Edwards Road, Whitley Bay, NE26 has a total of 64 addresses. According to our analysis of all the public data, Flat 2, 18, Edwards Road, Whitley Bay is the 63rd largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £248k less expensive than the average property in NE26.
Flat 2, 18, Edwards Road, Whitley Bay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Apr 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 2, 18, Edwards Road, Whitley Bay is Northumberland Park (Tyne & Wear) station which is 5.3 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 Flat 2, 18, Edwards Road, Whitley Bay, 37.4% of property is privately owned with a mortgage and 35.0% 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 Flat 2, 18, Edwards Road, Whitley Bay, 17.8% of residents are recorded as possessing school level qualifications and 47.6% 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 Flat 2, 18, Edwards 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 Flat 2, 18, Edwards Road, Whitley Bay, 1.9% 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 Flat 2, 18, Edwards Road, Whitley Bay, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.