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Newsham Road, Blyth, NE24

Rightmove Sector: NE24 3

                    £74,000
                

asking price

vs Benchmark

-30%

below Sector Median

Est. £/sqft

£111

benchmark £139/sqft

Investment Score

8/10

strong opportunity

Days on Market

days listed

Suggested Offer Range

Low offer

£70,300

£3,700 below asking

Target offer

£71,780

£2,220 below asking

High offer

£74,000

At asking price

Already 19.6% below the comparable sales mean — limited negotiation margin. Strong value at current asking price.

Suggested range is based on Land Registry median data and is not financial advice. Always conduct your own due diligence.

📷 No photos available for condition analysis.

Property Details

Asking Price: £74,000
Property Type: Flat
Bedrooms: 2
Bathrooms: N/A
Floor Area: 570 sqft
Article 4 Area: ✓ No restriction — SA permitted under PD rights

-29.5% vs Sector Median (n=22 sales)

This listing is priced below the postcode sector benchmark.

Motivated Seller Analysis

Standard — 2/10

Behavioural signals: Below market value

💸 Mortgage & Financing

Recommended LTV	75.0%
Indicative Rate	4.99%
Monthly IO Payment	£231
ICR (actual)	2.6x
Feasibility	PASS
💲 Total Cash Required
Purchase Price	£74,000
Deposit (25% — 75% LTV)	£18,500
SDLT (additional property, 5% surcharge)	£3,700
Legal fees (est.)	£1,500
Survey (est.)	£500
Arrangement fee (est.)	£999
Total cash required	£25,199

Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.

🔄 BRR Refinance Stress Test

✓ Passes stress test Rent covers 2.4x monthly interest — lender likely to approve.

Purchase price	£74,000	Loan (75% LTV)	£55,500
Rate (IO)	5.5% p.a.	Monthly interest	£254
Rent needed (1.5×)	£382/mo	Estimated rent	£599/mo
Stress ratio	2.35× (need ≥ 1.5×) +£217 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.

BRRR Strategy

? Score Photos

Est. reno cost	Unknown — score listing
Cash left in deal	Unknown

R2SA / SA Strategy

✓ Viable

SA gross/mo	£1,025
SA net/mo	£752
BTL est./mo	£599
SA vs BTL uplift	+£426/mo

Hold Period	Est. Sale Price	Capital Gain	Net Proceeds	Total Return
3 years	£79,690	+£5,690	£20,849	+£2,349 (3.2%)
5 years	£83,724	+£9,724	£23,855	+£5,355 (7.2%)
7 years	£87,963	+£13,963	£27,012	+£8,512 (11.5%)

Break-even Horizon

64 months

Long-term (5+ years)

Flip Viability

Viable

Comp median: £90,000 — margin: +£16,000

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

Subject property Planning applications

Comparable Sales in NE24 3

Address	Type	Beds	Price	£/sqft	Date	Distance
34, NIXON TERRACE, NE24 3EF	Flat	2	£81,000	£116	16/01/26	0.83 mi
36, NIXON TERRACE, NE24 3EF	Flat	2	£81,000	£106	16/01/26	0.83 mi
99, PERCY STREET, NE24 3DE	Flat	3	£75,000	£77	12/12/25	0.88 mi
43, ARCADIA TERRACE, NE24 3JX	Flat	2	£57,500	£86	04/12/25	0.58 mi
37, WANSBECK AVENUE, NE24 3LF	Flat	2	£62,500	£91	29/10/25	0.52 mi
16, ULTOR COURT, NE24 3UE	Flat	2	£112,500	£141	24/10/25	1.09 mi
12, OAKFIELD HOUSE, SANDRINGHAM MEADOWS, NE24 3BD	Flat	1	£110,000	£176	19/09/25	0.86 mi
12, ROTHA COURT, NE24 3UF	Flat	1	£134,950	£228	16/07/25	1.05 mi
10, OBERON WAY, NE24 3RU	Flat	1	£115,500	£191	11/07/25	1.06 mi
45, NIXON TERRACE, NE24 3EF	Flat	2	£90,000	£123	17/06/25	0.83 mi

■ Above subject ■ Below subject

Based on 10 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.

10-Year Projection

Break-even: Year 1 5yr IRR: 8.6%

Year	Est. Rent/yr	Est. Value	Net Income/yr	Cum. Cashflow	Total Return	ROI on Cash Invested
Yr 1	£7,185	£76,220	£4,728	£1,953	£4,173	15.9%
Yr 3	£7,549	£80,862	£4,990	£6,252	£13,114	49.9%
Yr 5	£7,931	£85,786	£5,266	£11,094	£22,880	87.0%
Yr 10	£8,974	£99,450	£6,016	£25,761	£51,210	194.7%
Yr 15	£10,153	£115,290	£6,865	£44,471	£85,760	326.1%
Yr 20	£11,487	£133,652	£7,826	£67,755	£127,407	484.4%
Yr 25	£12,996	£154,940	£8,912	£96,215	£177,154	673.6%
Yr 30	£14,704	£179,617	£10,142	£130,530	£236,148	897.9%

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)

● 26/01743/VARYCO 0.11 mi

Variation of condition 1 (approved plans) on approved application 21/02173/FUL to change existing front bow window to ba

27 Chester Grove Blyth Northumberland NE24 5SH

Undecided

● 26/01201/FUL 0.39 mi

Internal relocation of kitchen area and single storey extension

The Sea Horse 415 Plessey Road Blyth Northumberland NE24 3LP

Undecided

● 26/01834/FUL 0.4 mi

Creation of a permeable resin bound driveway, installation of sliding entrance gate to front boundary wall replacing exi

1 Broadway Blyth Northumberland NE24 2PJ

Undecided

● 26/01285/FUL 0.46 mi

Single storey rear kitchen extension with flat roof and roof lantern. New French doors in rear at FF level with Juliet b

1 Claremont Terrace Blyth Northumberland NE24 2LE

Undecided

● 26/01706/TREECA 0.5 mi

Trees in a Conservation Area: 26no. (mix of Hawthorn,Laburnum and Elder) - crown trees to reduced height by 2m.

111 Waterloo Road Blyth Northumberland NE24 1DB

Undecided

View all planning applications on your dashboard →

● Approved ● Pending ● Refused

🌎 Area Profile — NE24 3 ⓘ What are deciles?

IMD (Overall)

                3/10
            

High deprivation

Crime

                2/10
            

High deprivation

Income

                4/10
            

Mid deprivation

Employment

                2/10
            

High deprivation

Education

                6/10
            

Mid deprivation

Housing Barriers

                10/10
            

Low deprivation

Rural/Urban

Mixed

📊 Investment Skill Analysis

Net Yield

6.4%

Gross:9.7%

Mortgage

PASS

75% LTV · 5.0% rate

Survey Risk

Low Risk

Score: 1/10

SDLT (Additional)

£3,700

5.0% effective rate · Company: £3,700

Void Risk

Medium

~5 weeks/year

Statistical CI (65%)

£84,125 –£99,865

vs Comparable Mean:-19.6%· n=10

Best Strategy

Serviced Accommodation

£521/mo

📊 NE24 market data →

SPV Tax Saving

£1,256/yr

Breakeven: — years

5-Year IRR

8.6%

IRR — Moderate

Scenario Analysis

Scenario	Monthly Rent	Gross Yield	Net Yield	Cashflow/mo	IRR 5yr
Bear	£509	8.3%	4.8%	£-7	-5.4%
Conservative	£557	9.0%	5.7%	£98	4.5%
Base	£599	9.7%	6.4%	£163	8.6%
Optimistic	£647	10.5%	7.2%	£234	13.4%
Bull	£707	11.5%	8.1%	£315	19.5%

Detailed Analysis

💸 Yield & Returns

Gross Yield	●9.71%
Net Yield	●6.39%
Net Annual Income	£4,730
Deductions: void 8% (−£575) · mgmt 10% (−£719) · maint 10% (−£719) · fixed costs ins.+gas+EPC (−£445)
Monthly IO Mortgage	£231
Monthly Cashflow (IO)	●£163
Cash-on-Cash Return	●7.43%
5-Year IRR	●8.6%

● Above benchmark ● Near benchmark ● Below benchmark

💰 Tax Analysis

SDLT (Additional Property)	£3,700
SDLT Effective Rate	5.0%
SDLT (Company)	£3,700
Section 24 Extra Tax/yr (higher rate)	£555
SPV Annual Saving	£1,256
SPV Breakeven	— yrs
CGT Projected Sale (5yr)	£85,786
Less: Purchase Price	−£74,000
Less: Buying Costs (SDLT + legal)	−£6,300
Less: Selling Costs (est. 2.5%)	−£2,145
= CGT Net Gain (5yr)	£3,341
CGT at 24%	£82

📈 Scenario Analysis

Scenario	Monthly Rent	Gross Yield	Net Yield	Cashflow/mo	IRR 5yr
Bear	£509	8.3%	4.8%	£-7	-5.4%
Conservative	£557	9.0%	5.7%	£98	4.5%
Base	£599	9.7%	6.4%	£163	8.6%
Optimistic	£647	10.5%	7.2%	£234	13.4%
Bull	£707	11.5%	8.1%	£315	19.5%

📊 Analysis Report (PDF) 📊 Download CSV

PropertyAlert.uk is not affiliated with any property portal. Analysis is based on publicly available Land Registry data and EPC certificates. This report is for informational purposes only and does not constitute financial advice. Analyse another property →

Newsham Road, Blyth, NE24