Selkirk Close, Saltersgill, Middlesbrough, TS4
Flat · 2 bed
Supports major UK property portals
Suggested Offer Range
Close to comparable sales mean. Standard 3–10% negotiation range.
Property Details
- Asking Price
- £68,000
- Property Type
- Flat
- Bedrooms
- 2
- Bathrooms
- N/A
- Est. Floor Area
- 657 sqft (est.)
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Motivated Seller Analysis
Urgent — 8/10Behavioural signals: 109 days on marketBelow market value
Matched signals:
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £212 |
| ICR (actual) | 3.02x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £68,000 |
| Deposit (25% — 75% LTV) | £17,000 |
| SDLT (additional property, 5% surcharge) | £3,400 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £23,399 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £68,000 | Loan (75% LTV) | £51,000 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £234 |
| Rent needed (1.5×) | £351/mo | Estimated rent | £640/mo |
| Stress ratio | 2.74× (need ≥ 1.5×) +£289 surplus | ||
Assumptions: 75% LTV · 5.5% interest only · 1.5× rent coverage (standard lender requirement). Actual lender criteria vary — verify with your broker.
Exit Strategy
Capital appreciation projections at 2.5% pa (local Land Registry HPI). Assumes 75% LTV interest-only mortgage redeemed on sale. Excludes rental income.
| Est. reno cost | Unknown — score listing |
| Cash left in deal | Unknown |
| SA gross/mo | £1,641 |
| SA net/mo | £1,294 |
| BTL est./mo | £640 |
| SA vs BTL uplift | +£1,001/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £73,229 | +£5,229 | £19,095 | +£2,095 (3.1%) |
| 5 years | £76,936 | +£8,936 | £21,857 | +£4,857 (7.1%) |
| 7 years | £80,831 | +£12,831 | £24,759 | +£7,759 (11.4%) |
Projections: 2.5% pa HPI, 75% LTV IO mortgage redeemed at sale, 1.5% EA, £1,500 legal, 24% CGT above £3k allowance. Not financial advice.
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Location
Comparable Sales in TS4 2
🔍 Filtered to 2-bedroom comparable sales only.
| Address | Type | Beds | Price | £/sqft | Date | Distance |
|---|---|---|---|---|---|---|
| 28, HOLY ROOD COURT, TS4 2QZ | Flat | 2 | £92,000 | £131 | 23/01/26 | 1.00 mi |
| 17, CHEVIOT HOUSE, LOTHIAN ROAD, TS4 2QX | Flat | 2 | £45,000 | £69 | 31/07/25 | 1.39 mi |
| FLAT 12, LYTTON HOUSE, LYTTON STREET, TS4 2BP | Flat | 2 | £37,000 | £56 | 25/02/25 | 1.74 mi |
| 14, MARY JAQUES COURT, TS4 2QY | Flat | 2 | £97,000 | £129 | 21/06/24 | 1.03 mi |
■ Above subject ■ Below subject
Based on 4 comparable sales — Full Range (grey) · Typical IQR (blue) · Fair Value CI (light blue) · | Median · | Mean · Asking (▲)
ⓘ Bedroom counts are not available from Land Registry records. Comparables are matched by postcode sector and property type only.
📈 Rental Yield & ROI Forecast
Compound-growth projection: 2.5% annual rent growth + 3% capital growth. IO mortgage throughout. For illustration only.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £7,677 | £70,040 | £5,083 | £2,533 | £4,573 | 18.7% |
| Yr 3 | £8,066 | £74,305 | £5,362 | £8,016 | £14,321 | 58.5% |
| Yr 5 | £8,474 | £78,831 | £5,656 | £14,080 | £24,910 | 101.7% |
| Yr 10 | £9,588 | £91,386 | £6,458 | £31,978 | £55,364 | 226.0% |
| Yr 15 | £10,848 | £105,942 | £7,365 | £54,195 | £92,137 | 376.1% |
| Yr 20 | £12,273 | £122,816 | £8,392 | £81,300 | £136,116 | 555.6% |
| Yr 25 | £13,886 | £142,377 | £9,553 | £113,935 | £188,312 | 768.6% |
| Yr 30 | £15,711 | £165,054 | £10,867 | £152,826 | £249,880 | 1019.9% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
Planning Applications Nearby (within 0.5 miles)
🌎 Area Profile — TS4 2 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £544 | 9.6% | 5.6% | £40 | -2.0% |
| Conservative | £595 | 10.5% | 6.7% | £146 | 7.3% |
| Base | £640 | 11.3% | 7.5% | £211 | 11.3% |
| Optimistic | £691 | 12.2% | 8.4% | £283 | 15.9% |
| Bull | £755 | 13.3% | 9.5% | £367 | 21.7% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●11.29% |
| Net Yield | ●7.48% |
| Net Annual Income | £5,085 |
| Deductions: void 8% (−£614) · mgmt 10% (−£768) · maint 10% (−£768) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £212 |
| Monthly Cashflow (IO) | ●£212 |
| Cash-on-Cash Return | ●10.35% |
| 5-Year IRR | ●11.3% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £3,400 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £3,400 |
| Section 24 Extra Tax/yr (higher rate) | £510 |
| SPV Annual Saving | £1,314 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £78,831 |
| Less: Purchase Price | −£68,000 |
| Less: Buying Costs (SDLT + legal) | −£6,000 |
| Less: Selling Costs (est. 2.5%) | −£1,971 |
| = CGT Net Gain (5yr) | £2,860 |
| CGT at 24% | £— |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £544 | 9.6% | 5.6% | £40 | -2.0% |
| Conservative | £595 | 10.5% | 6.7% | £146 | 7.3% |
| Base | £640 | 11.3% | 7.5% | £211 | 11.3% |
| Optimistic | £691 | 12.2% | 8.4% | £283 | 15.9% |
| Bull | £755 | 13.3% | 9.5% | £367 | 21.7% |