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Kensington Gardens, Monkseaton, Whitley Bay, NE25

North East

£925,000
Listed on 19/02/2026

Property Details

Bedrooms
27
Type
Detached house

Description

This property presents a noteworthy redevelopment opportunity located on a prominent corner plot in Monkseaton, Whitley Bay. Situated within a vibrant residential area, it is conveniently close to various local amenities such as bars, restaurants, cafes, and shops. The accessibility of the site is enhanced by its proximity to Monkseaton Metro Station, just 0.1 miles away and well-served by bus routes. Formerly operating as a care home, this three-storey building comprises 27 bedrooms along with communal spaces including a reception area, lounge, dining room, office space, kitchen, and lobby. The property also features a private driveway for ease of access. Given its size and location, there is significant potential for transformation into residential or commercial spaces (subject to planning permission). Our Planning and Development team is available to assist with navigating the design consultation process. The property is being sold freehold with vacant possession, providing flexibility for new ownership. We invite offers for this versatile site.

Investment Analysis

(NE25 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£186
Avg Yield
3.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (NE25)

Area prices are rising by +8.1% over the last 12 months
3 year growth: +30.4%
5 year growth: +29.2%
Investment Disclaimer: Analysis based on NE25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Kensington Gardens, Monkseaton, Whitley Bay, NE25
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,336
Based on a loan of £693,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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