2-bedroom flat · NE26 1LZ
For saleReduced £10k (−5.1%) on 20 MayListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Mansons are pleased to offer for sale this two bedroom flat located on the first floor of Marine Avenue in Whitley Bay, situated close to local amenities and convenient for accessing nearby town centres and the sea front.
The accommodation includes an entrance hall with staircase off to first floor landing, living room, kitchen, two bedrooms, bathroom and a separate W.C.
The property also benefits from UPVC double glazing and gas central heating. Viewings are strongly recommended.
Refurbishment required Entrance With stairs leading to the first floor landing that features an intercom entry phone system, central heating radiator, and storage cupboard.
Additionally, there is a door to the rear allowing access to a shared rear yard Living Room 5.49m ( 18'1'') x 4.22m ( 13'11'') The living space features a bay window, cornicing, a ceiling rose, and a picture rail, along with a central heating radiator, and a fireplace.
Kitchen 4.57m ( 15'0'') x 2.26m ( 7'5'') Features a range of fitted wall and floor units with worktops incorporating a stainless steel sink and drainer with a mixer tap.
There is a gas hob with an oven beneath and an overhead extractor canopy, as well as plumbing for a washing machine.
The space also has a tiled splashback, central heating radiator, and a cupboard housing the central heating boiler.
Bedroom One 4.37m ( 14'5'') x 4.32m ( 14'3'') Features cornicing, a picture rail, ceiling rose and a central heating radiator.
Bedroom Two 3.11m ( 10'3'') x 2.09m ( 6'11'') Second bedroom with central heating radiator. Bathroom A white suite comprising a panelled bath with a shower over and shower guard.
The space also features a hand wash basin, tiled splash back and a central heating radiator. External To the rear of the property there is a shared yard.
Additional Information We have been advised by the vendor of the following information:- The tenure of this property is: Leasehold Lease length: 999 years from 01/09/1973, 946 years remaining Ground Rent: £30 per annum Service Charge: None .
Costs are shared between 3 flats. Council Tax band: A EPC Rating: C Broadband Checker: Please use the Open Reach website checking service.
Mobile Coverage: Please use the Ofcom website checking service. Flooding Checker: via the Gov UK website.
If you are purchasing this property as an investment property to rent out, the current minimum energy efficiency rating is E.
However from Oct 2030, the minimum required energy efficiency rating for a rental property will be C. W.C. With a low level W.C.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Marine Avenue, Whitley Bay, Tyne & Wear
Explore nearby
