🔒 Sign in to view the address — Hanover Mill Hanover Street
Flat · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 40% below the area median — limited negotiation margin. Strong value at current asking price. Note: listed as "Offers Over" — vendor expects full asking price or above.
🔨 Refurb Cost Estimate
AI condition score: 8/10 · North East rates
| Room | Estimated Refurb Cost |
|---|---|
| Kitchen | £650 |
| Bathroom | £500 |
| Living Room | £300 |
| Master Bedroom | £350 |
| Bedroom 2 | £350 |
| Entrance Hall | £50 |
| Total Estimated Refurb | £1,700 |
⚠ Indicative estimates only. Based on photo condition score and regional benchmarks for a typical 2–3 bed property. Always obtain contractor quotes before committing to a refurb budget. Photo AI may over-flag minor cosmetic issues.
🔧 Local Trades
| Trade | Name | Phone | |
|---|---|---|---|
| builder | DP Construction NE Ltd | Builders | Newcastle, UK | 0191 256 6655 | — |
| decorator | Painter & Decorator Newcastle | Gosforth | Jesmond | 0191 284 1798 | — |
| photographer | Geoff Love Photography: Wedding Photographer Newcastle | 04615625410 | — |
Property Details
- Asking Price
- £139,950
- Property Type
- Flat
- Bedrooms
- 2
- Bathrooms
- N/A
- Floor Area
- 1,000–1,100 sqft
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
📈 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 | £11,910 | £144,148 | £8,130 | £2,882 | £7,080 | 15.3% |
| Yr 3 | £12,513 | £152,927 | £8,564 | £9,294 | £22,271 | 48.0% |
| Yr 5 | £13,146 | £162,240 | £9,020 | £16,607 | £38,898 | 83.9% |
| Yr 10 | £14,874 | £188,081 | £10,264 | £39,138 | £87,269 | 188.1% |
| Yr 15 | £16,828 | £218,038 | £11,671 | £68,370 | £146,457 | 315.8% |
| Yr 20 | £19,040 | £252,765 | £13,263 | £105,183 | £217,999 | 470.0% |
| Yr 25 | £21,541 | £293,024 | £15,065 | £150,575 | £303,649 | 654.6% |
| Yr 30 | £24,372 | £339,695 | £17,103 | £205,673 | £405,418 | 874.1% |
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)
5 planning applications found within 0.5 miles — 🔒 sign in for references, descriptions and status
View all planning applications on your dashboard →
● Approved ● Pending ● Refused
🌎 Area Profile — North East England ⓘ What are deciles?
📄 Lease Information
Estimated remaining lease: 106 years.
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £843 | 7.2% | 4.4% | £-58 | -6.1% |
| Conservative | £923 | 7.9% | 5.2% | £128 | 4.1% |
| Base | £992 | 8.5% | 5.8% | £240 | 8.5% |
| Optimistic | £1,071 | 9.2% | 6.5% | £362 | 13.5% |
| Bull | £1,171 | 10.0% | 7.3% | £503 | 19.9% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●8.51% |
| Net Yield | ●5.81% |
| Net Annual Income | £8,126 |
| Deductions: void 8% (−£953) · mgmt 10% (−£1,191) · maint 10% (−£1,191) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £436 |
| Monthly Cashflow (IO) | ●£241 |
| Cash-on-Cash Return | ●6.2% |
| 5-Year IRR | ●8.5% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £7,296 |
| SDLT Effective Rate | 5.21% |
| SDLT (Company) | £7,296 |
| Section 24 Extra Tax/yr (higher rate) | £1,050 |
| SPV Annual Saving | £2,041 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £162,240 |
| Less: Purchase Price | −£139,950 |
| Less: Buying Costs (SDLT + legal) | −£9,896 |
| Less: Selling Costs (est. 2.5%) | −£4,056 |
| = CGT Net Gain (5yr) | £8,338 |
| CGT at 24% | £1,281 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £843 | 7.2% | 4.4% | £-58 | -6.1% |
| Conservative | £923 | 7.9% | 5.2% | £128 | 4.1% |
| Base | £992 | 8.5% | 5.8% | £240 | 8.5% |
| Optimistic | £1,071 | 9.2% | 6.5% | £362 | 13.5% |
| Bull | £1,171 | 10.0% | 7.3% | £503 | 19.9% |
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