Modern Method of Auction
Auction date not yet published
We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work5-bedroom terraced house · NE26 2DY
Sold STCListed 39 days
Opportunity summary
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About
PROPERTY FOR SALE BY MODERN METHOD OF AUCTION SHOWING FANTASTIC POTENTIAL IS THIS SPACIOUS FIVE BEDROOM TERRACED PERIOD PROPERTY SET OVER THREE FLOORS SITUATED CENTRALLY WITHIN WHITLEY BAY - OFFERED WITH NO UPPER CHAIN Positioned centrally within Whitley Bay upon a pedestrianised street with shops, amenities and Metro Station only a stone's throw away, as well as the seafront and promenade are also close by.
Briefly comprising: Entrance porch to the hallway leading to all ground floor rooms, including two spacious reception rooms and kitchen which gives access out to the rear yard.
To the first floor is a split landing leading to three bedrooms, bathroom and separate W.C. To the top floor are two further double bedrooms.
Externally to the rear is a private yard and to the front is a garden. This property is ideally located close to local shops, cafes and restaurants in Whitley Bay town centre.
This property also benefits from being within the catchment area for some of Whitley Bay’s most sought-after schools.
The local transport links are easily accessible, with Whitley Bay Metro station within walking distance, as well as access to major road links into Newcastle City centre and other coastal towns nearby.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00.
These services are optional.
Entrance Porch - Hallway - Living Room - 4.28m x 4.17m (14'0" x 13'8") - Dining Room - 4.21m x 3.24m (13'9" x 10'7") - Kitchen - 5.39m x 2.45m (17'8" x 8'0") - Bedroom One - 4.29m x 3.68m (14'0" x 12'0") - Bedroom Two - 4.25m x 3.50m (13'11" x 11'5") - Bedroom Three - 2.97m x 2.06m (9'8" x 6'9") - Bathroom - 2.52m x 2.40m (8'3" x 7'10") - W.C.
- Top Floor Landing - Bedroom Four - 5.34m x 3.78m (17'6" x 12'4") - Bedroom Five - 3.88m x 3.22m (12'8" x 10'6") - Externally - Externally to the rear is a private yard and to the front is a garden.
Tenure - Freehold
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Albany Gardens, Whitley Bay
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