Grafton Road, Whitley Bay, Tyne and Wear, NE26 2NR
PA

Grafton Road, Whitley Bay, Tyne and Wear, NE26 2NR

By Pattinson Estate Agents

£ 400,000

Reviews

2 out of 5 stars

Pattinson Estate Agents says ..

TO BE SOLD via ONLINE AUCTION. (19/09/2024 12:00) Fees apply. ORIGINALLY VALUED AT £550,000!!! Pattinsons are delighted to welcome to the sales market this unique nine or ten bedroom period terraced property which provides an opportunity to the buyer who is looking for a large period fami...

Property Oracle says ..

This nine or ten-bedroom terraced property in Whitley Bay is being sold via online auction. The property benefits from a desirable coastal location and proximity to well-regarded schools, including Rockcliffe First School (rated ‘Outstanding’ by Ofsted). However, the provided images showcase a property in need of significant modernisation and updating. The rooms are furnished with dated decor, and there are signs of wear and tear. The small rear yard represents limited outdoor space, which may not be sufficient given the potential for family use. The list price of £400,000 is significantly lower than the original valuation of £550,000, suggesting it is an opportunity for those wanting to invest in a property needing renovation in an established area. However, potential buyers will need to factor in the cost of renovations. Further information about transport links and local amenities would be useful in a complete assessment of this property. Overall, this property presents a unique proposition, combining location benefits with a large space and a need for substantial refurbishment, making it appealing to either a large family seeking a renovation project or an investor looking for a potential refurbishment or conversion opportunity.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
5
Location
7
Land
3
Bedrooms
9
Bathrooms
3
Sqft (est)
1,732.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
318,888.00 £
Increased by 3.88 %
from 306,983.00 £
Est sale value
455,516.00 £
Decreased by 0.75 %
from 458,980.00 £
Average area rental value
843.00 £/mo
Decreased by 0.59 %
from 848.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
3.17 %
Decreased by 4.23 %
from 3.31 %
Crime Rate
33.00 %
Unchanged by 0.00 %
from 33.00 %

Agent Activity

  • Pattinson Estate Agents marked this listing as sold.

  • Pattinson Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Rockcliffe First SchoolFoundation SchoolOutstanding0.24 KM
Cullercoats Primary SchoolCommunity SchoolGood0.61 KM
Marden High SchoolFoundation SchoolGood1.43 KM
Monkhouse Primary SchoolFoundation SchoolGood1.66 KM
Marden Bridge Middle SchoolFoundation SchoolGood1.68 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Romney Close £ 000.00 KM
Bellevue Street £ 120,00000.00 KM
Victoria Crescent £ 125,00000.00 KM
Derwent Road £ 320,00000.00 KM
Hillheads Road £ 140,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Grafton Road, Whitley Bay, Tyne and Wear, NE26 2NR £ 400,000BUY5 / 100.00 KM
Margaret Road, Whitley Bay £ 185,000BUY5 / 100.03 KM
Whitley Road, Whitley Bay, Tyne and Wear, NE26 £ 149,000BUY5 / 100.07 KM
Margaret Road, Whitley Bay, Tyne and Wear, NE26 2PQ £ 170,000BUYUnknown0.09 KM
Margaret Road, Whitley Bay £ 185,000BUY6 / 100.09 KM

Nearby Properties

AddressPriceDistance
9 Margaret Road £ 118,0000.04 KM
19 Margaret Road £ 105,0000.04 KM
37 Margaret Road £ 115,0000.04 KM
15 Margaret Road £ 101,0000.04 KM
13 Margaret Road £ 29,8000.04 KM