Croft Road, Blyth, Northumberland, NE24
Terraced · 3 bed
Supports major UK property portals
Suggested Offer Range
Already 37.9% below the comparable sales mean — limited negotiation margin. Strong value at current asking price. Note: listed as "Offers Over" — vendor expects full asking price or above.
Property Details
- Asking Price
- £84,500
- Property Type
- Terraced
- Bedrooms
- 3
- Bathrooms
- N/A
- Floor Area
- 1044 sqft
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Motivated Seller Analysis
Watch — 5/10Behavioural signals: 92 days on marketBelow market value
Matched signals:
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £264 |
| ICR (actual) | 2.77x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £84,500 |
| Deposit (25% — 75% LTV) | £21,125 |
| SDLT (additional property, 5% surcharge) | £4,225 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £28,349 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £84,500 | Loan (75% LTV) | £63,375 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £290 |
| Rent needed (1.5×) | £436/mo | Estimated rent | £729/mo |
| Stress ratio | 2.51× (need ≥ 1.5×) +£293 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 | £1,154 |
| SA net/mo | £866 |
| BTL est./mo | £729 |
| SA vs BTL uplift | +£425/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £90,997 | +£6,497 | £23,918 | +£2,793 (3.3%) |
| 5 years | £95,604 | +£11,104 | £27,350 | +£6,225 (7.4%) |
| 7 years | £100,444 | +£15,944 | £30,956 | +£9,831 (11.6%) |
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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📈 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 | £8,746 | £87,035 | £5,852 | £2,683 | £5,218 | 17.7% |
| Yr 3 | £9,189 | £92,335 | £6,171 | £8,526 | £16,361 | 55.6% |
| Yr 5 | £9,654 | £97,959 | £6,506 | £15,030 | £28,489 | 96.7% |
| Yr 10 | £10,922 | £113,561 | £7,419 | £34,410 | £63,470 | 215.5% |
| Yr 15 | £12,358 | £131,648 | £8,452 | £58,710 | £105,858 | 359.5% |
| Yr 20 | £13,981 | £152,616 | £9,622 | £88,578 | £156,695 | 532.1% |
| Yr 25 | £15,819 | £176,924 | £10,944 | £124,746 | £217,170 | 737.4% |
| Yr 30 | £17,897 | £205,104 | £12,441 | £168,040 | £288,644 | 980.1% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
🌎 Area Profile — NE24 3 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £620 | 8.8% | 5.2% | £22 | -3.1% |
| Conservative | £678 | 9.6% | 6.2% | £147 | 6.5% |
| Base | £729 | 10.4% | 6.9% | £224 | 10.6% |
| Optimistic | £787 | 11.2% | 7.7% | £308 | 15.3% |
| Bull | £860 | 12.2% | 8.8% | £405 | 21.3% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●10.35% |
| Net Yield | ●6.93% |
| Net Annual Income | £5,854 |
| Deductions: void 8% (−£700) · mgmt 10% (−£875) · maint 10% (−£875) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £264 |
| Monthly Cashflow (IO) | ●£224 |
| Cash-on-Cash Return | ●9.12% |
| 5-Year IRR | ●10.6% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £4,225 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £4,225 |
| Section 24 Extra Tax/yr (higher rate) | £634 |
| SPV Annual Saving | £1,495 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £97,959 |
| Less: Purchase Price | −£84,500 |
| Less: Buying Costs (SDLT + legal) | −£6,825 |
| Less: Selling Costs (est. 2.5%) | −£2,449 |
| = CGT Net Gain (5yr) | £4,185 |
| CGT at 24% | £284 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £620 | 8.8% | 5.2% | £22 | -3.1% |
| Conservative | £678 | 9.6% | 6.2% | £147 | 6.5% |
| Base | £729 | 10.4% | 6.9% | £224 | 10.6% |
| Optimistic | £787 | 11.2% | 7.7% | £308 | 15.3% |
| Bull | £860 | 12.2% | 8.8% | £405 | 21.3% |