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Studio for sale

£65,000

South Parade, Whitley Bay, Tyne And Wear NE26

1
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Property features

  • 8% net return years 1-5,9% net years 6-10 (paid quarterly)
  • Fully furnished suites from £65,000
  • 110% buyback in years 5-10
  • Boutique 32 room hotel
  • Refurbished and operational hotel
  • 2 on site restaurants
  • Client booking rates from £40 to £145
  • 70% repeat customers
  • Room rates from £40 to £145

Property description

Hotel 52 is an exclusive 32-bedroom hotel located in an excellent position in Whitley Bay, just a short walk from the town centre, with award-winning beaches at the end of the road.

Each room in the hotel has been refurbished to a premium standard, offering en-suite facilities and extremely comfortable beds. With options of single, double/twin, triple and family rooms, the hotel can accommodate any size party.

Location

Hotel 52 is only 25 minutes from Newcastle city centre by Metro and Newcastle Airport is only 30 minutes drive away. The international cruise terminal at Royal Quays is just 10 minutes' drive away.

Complementing this vibrant seaside town, Whitley Bay offers an award winning beach that stretches from the north all the way towards St Mary's Lighthouse. It is a popular place for recreation and is regularly used by walkers. The promenade and The Links have wonderful walks with the beach as a magnificent backdrop.
Market activity
Average price paid £245,660 Sales 261 Current average value £261,681 (Zoopla Zed-Index) Value change £5,786 ▲ 2.26%

Property value data/graphs for NE26

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £396,712 £283 3.6 £336,607
Semi-detached £316,687 £259 3.5 £303,676
Terraced £247,281 £195 3.7 £237,846
Flats £143,801 £201 2.1 £135,201

Current asking prices in NE26

Average: £225,587
Avg. current asking prices in NE26
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £127,104
(8)
£271,881
(27)
£317,481
(8)
£400,000
(2)
Flats £106,736
(4)
£131,634
(19)
£185,000
(4)
- -
All £106,736
(4)
£130,292
(27)
£260,671
(31)
£317,481
(8)
£400,000
(2)

Current asking rents in NE26

Average: £675 pcm
Avg. current asking prices in NE26
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £731 pcm
(4)
£846 pcm
(3)
- -
Flats £493 pcm
(7)
£707 pcm
(20)
£676 pcm
(1)
£776 pcm
(1)
-
All £493 pcm
(7)
£711 pcm
(24)
£804 pcm
(4)
£776 pcm
(1)
-

Fun facts for NE26

Highest value in NE26
Highest value streets Zed-Index
Holywell Avenue £519,604
Hawthorn Gardens £498,837
Marine Avenue £461,772
Brierdene Crescent £456,463
Lodge Court £453,736
Highest turnover in NE26
Highest turnover streets Turnover
Rodney Court 41.7%
Claremont Court 41.7%
Nevis Court 41.7%
Alston Grove 40.0%
Astley Grove 40.0%

What Zoopla users think of Whitley Bay

Overall rating:

  • currently 4.5 stars
Very good - 85% (109 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Whitley Bay:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Cramlington (6.9 miles)
  • Heworth (7.8 miles)
  • Manors (8.1 miles)
  • Newcastle Airport (9.9 miles)
  • Durham Tees Valley Airport (37.0 miles)
  • Leeds Bradford International Airport (82.0 miles)
  • North Shields Ferry Terminal (2.8 miles)
  • South Shields Ferry Terminal (3.2 miles)
  • Newcastle International Ferry Terminal (3.6 miles)

Nearby schools

View all schools in North Tyneside
  • Marine Park First School (0.3 miles)
  • Rockcliffe First School (0.4 miles)
  • Coquet Park First School (0.7 miles)
  • Whitley Bay High School (1.0 mile)
  • Monkseaton High School (1.2 miles)
  • Astley Community High School (3.7 miles)
  • Marden Bridge Middle School (0.5 miles)
  • Monkseaton Middle School (0.9 miles)
  • Valley Gardens Middle School (1.1 miles)
Note: Distances are straight line measurements

Local info for North Tyneside

About the neighbours in NE26

AskMe Q&A for North Tyneside

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For more information about this property, please contact
Westport Invest, EC2A on +44 20 8033 9973 * (local rate)

Monthly running costs Beta

£399 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,500
Repayment term 25
Interest rate 1.5
Your payment £233 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £500,000 Contents value up to £50,000 Average insurance cost £13/mo (£155/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £20 Electricity £25 Estimated energy cost £45/mo

Similar properties could save up to £157

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6300 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

North Tyneside

Estimated tax band A Council tax cost £108 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Contact Westport Invest about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Westport Invest, and do not constitute property particulars. Please contact Westport Invest for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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