Edgehill Way, Billingham
Terraced · 3 bed
Supports major UK property portals
Suggested Offer Range
Close to comparable sales mean. Standard 3–10% negotiation range. Note: listed as "Offers Over" — vendor expects full asking price or above.
Property Details
- Asking Price
- £89,500
- Property Type
- Terraced
- Bedrooms
- 3
- Bathrooms
- N/A
- Occupancy
- 🔒 Currently Tenanted
- Est. Floor Area
- 904 sqft (est.)
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Motivated Seller Analysis
Standard — 2/10Behavioural signals: 61 days on market
Matched signals:
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £279 |
| ICR (actual) | 2.24x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £89,500 |
| Deposit (25% — 75% LTV) | £22,375 |
| SDLT (additional property, 5% surcharge) | £4,475 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £29,849 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £89,500 | Loan (75% LTV) | £67,125 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £308 |
| Rent needed (1.5×) | £461/mo | Estimated rent | £788/mo |
| Stress ratio | 2.56× (need ≥ 1.5×) +£327 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 | £1,846 |
| SA net/mo | £1,474 |
| BTL est./mo | £625 |
| SA vs BTL uplift | +£1,221/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £96,382 | +£6,882 | £25,379 | +£3,004 (3.4%) |
| 5 years | £101,261 | +£11,761 | £29,014 | +£6,639 (7.4%) |
| 7 years | £106,387 | +£16,887 | £32,834 | +£10,459 (11.7%) |
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 TS23 3
🔍 Filtered to 3-bedroom comparable sales only.
| Address | Type | Beds | Price | £/sqft | Date | Distance |
|---|---|---|---|---|---|---|
| 18, TUNSTALL AVENUE, TS23 3SP | Terraced | 3 | £190,000 | £178 | 06/03/26 | 0.45 mi |
| 71, FLODDEN WAY, TS23 3LQ | Terraced | 3 | £68,000 | £75 | 20/02/26 | 0.13 mi |
| 56, NEASHAM AVENUE, TS23 3QY | Terraced | 3 | £75,000 | £82 | 23/01/26 | 0.26 mi |
| 10, SEDGEMOOR WAY, TS23 3PQ | Terraced | 3 | £87,000 | £87 | 09/01/26 | 0.15 mi |
| 30, EDGEHILL WAY, TS23 3LE | Terraced | 3 | £85,000 | £90 | 18/12/25 | < 0.1 mi |
| 31, GILSIDE ROAD, TS23 3JB | Terraced | 3 | £105,000 | £116 | 17/12/25 | 0.45 mi |
| 69, HASTINGS WAY, TS23 3ED | Terraced | 3 | £84,000 | £92 | 05/12/25 | < 0.1 mi |
■ Above subject ■ Below subject
Based on 7 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 | £7,500 | £92,185 | £4,955 | £1,599 | £4,284 | 13.8% |
| Yr 3 | £7,880 | £97,799 | £5,228 | £5,205 | £13,504 | 43.6% |
| Yr 5 | £8,279 | £103,755 | £5,516 | £9,378 | £23,633 | 76.4% |
| Yr 10 | £9,367 | £120,281 | £6,299 | £22,487 | £53,267 | 172.1% |
| Yr 15 | £10,597 | £139,438 | £7,185 | £39,815 | £89,753 | 290.0% |
| Yr 20 | £11,990 | £161,647 | £8,188 | £61,918 | £134,065 | 433.2% |
| Yr 25 | £13,566 | £187,393 | £9,322 | £89,423 | £187,316 | 605.2% |
| Yr 30 | £15,348 | £217,240 | £10,606 | £123,040 | £250,780 | 810.3% |
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 — TS23 3 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £531 | 7.1% | 4.1% | £-55 | -7.9% |
| Conservative | £581 | 7.8% | 5.0% | £62 | 2.5% |
| Base | £625 | 8.4% | 5.5% | £133 | 6.8% |
| Optimistic | £675 | 9.1% | 6.2% | £211 | 11.8% |
| Bull | £738 | 9.9% | 7.0% | £300 | 18.2% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●8.38% |
| Net Yield | ●5.54% |
| Net Annual Income | £4,955 |
| Deductions: void 8% (−£600) · mgmt 10% (−£750) · maint 10% (−£750) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £279 |
| Monthly Cashflow (IO) | ●£134 |
| Cash-on-Cash Return | ●5.17% |
| 5-Year IRR | ●6.8% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £4,475 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £4,475 |
| Section 24 Extra Tax/yr (higher rate) | £671 |
| SPV Annual Saving | £1,329 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £103,755 |
| Less: Purchase Price | −£89,500 |
| Less: Buying Costs (SDLT + legal) | −£7,075 |
| Less: Selling Costs (est. 2.5%) | −£2,594 |
| = CGT Net Gain (5yr) | £4,586 |
| CGT at 24% | £381 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £531 | 7.1% | 4.1% | £-55 | -7.9% |
| Conservative | £581 | 7.8% | 5.0% | £62 | 2.5% |
| Base | £625 | 8.4% | 5.5% | £133 | 6.8% |
| Optimistic | £675 | 9.1% | 6.2% | £211 | 11.8% |
| Bull | £738 | 9.9% | 7.0% | £300 | 18.2% |