Helena Avenue, Whitley Bay, NE26 2BB

Property Overview

A three-bedroom leasehold maisonette conversion arranged over two floors on Helena Avenue, Whitley Bay. The property has sea views, with the seafront at the bottom of the street, and a private enclosed rear yard suitable for off-street parking.

Accommodation

• Shared entrance hallway and private entrance with staircase
• First-floor landing
• Living room with feature fireplace and sea views
• Kitchen
• Bathroom with freestanding bath
• Bedroom three
• Second-floor landing with storage area
• Bedrooms one and two
• Private rear yard with gated access, suitable for parking

Location

Helena Avenue, Whitley Bay, NE26 2BB. The property is a short distance from Whitley Bay seafront, with sea views and the seafront at the bottom of the street.

Tenure & Key Information

• Tenure: Leasehold
• Lease: 999 years from 3 June 2005, with a peppercorn rent
• EPC: D
• Council Tax: Band B
• Parking: Private enclosed rear yard with gated access, suitable for parking
• Services: The seller advises that mains gas, electricity, water and sewerage are provided
• Surface water flooding: Very low risk, according to the supplied information
• Occupancy status: Not stated

Auction & Buyer Charges

• Guide price: £225,000+
• Auction date: 30th September 2026
• Buyer premium: Not supplied
• Option 2 deposit: £3,000, which comes off the purchase price
• Administration charge: £2,400 including VAT (£2,000 + VAT) according to Disclaimer 2. The Option 2 terms state £2,400 plus VAT; the applicable charge should be confirmed
• A solicitor referral fee of between £200 plus VAT (£240) and £400 plus VAT (£480) may be received by the auctioneer if a referred solicitor is chosen

Investment Analysis

HB estimate: Estimated market value: £223,500, based on the average of the two recent same-address leasehold flat/maisonette sales supplied. The £225,000+ guide is broadly in line with this limited evidence.

No rental evidence, auctioneer rent estimate or occupancy information is supplied. Accordingly, HB estimates for rent, gross yield, refurbishment and maximum bid are not available. This is an estimate and not a formal valuation.

Sold Comparables

The following HM Land Registry sold data was supplied. Bedroom counts, condition and lease details for the comparables are not supplied.

Property	Sold price	Sale date	Type	Tenure
12 Helena Avenue, Whitley Bay, NE26 2BB	£182,000	6 December 2024	Flat/Maisonette	Leasehold
11A Helena Avenue, Whitley Bay, NE26 2BB	£265,000	5 July 2024	Flat/Maisonette	Leasehold
5 Helena Avenue, Whitley Bay, NE26 2BB	£125,000	3 June 2005	Flat/Maisonette	Leasehold

Rental Evidence

No advertised rental evidence or auctioneer estimated rent has been supplied. Rent and yield cannot therefore be calculated. Any asking or estimated rent should not be treated as achieved or passing rent.

Strategy & Risks

HB estimate: Treat £225,000 as broadly supported by the limited comparable evidence, but do not bid above a separately verified valuation until the following matters are confirmed:

• Only two recent comparable sales are available, and their bedroom counts and condition are unknown
• Condition and any refurbishment requirements are unknown
• Occupancy status is not stated
• Lease length, service charge and other lease terms are not supplied
• No rental comparables or auctioneer rent estimate are supplied
• The administration fee treatment is ambiguous: £2,400 including VAT versus £2,400 plus VAT
• No buyer premium is supplied