Plessey Road, Blyth, NE24
Ground Flat · 1 bed
Supports major UK property portals
Suggested Offer Range
Already 32.6% below the comparable sales mean — limited negotiation margin. Strong value at current asking price.
Property Details
- Asking Price
- £62,000
- Property Type
- Ground Flat
- Bedrooms
- 1
- Bathrooms
- N/A
- Floor Area
- 635 sqft
- 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: Below market value
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £193 |
| ICR (actual) | 2.44x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £62,000 |
| Deposit (25% — 75% LTV) | £15,500 |
| SDLT (additional property, 5% surcharge) | £3,100 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £21,599 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £62,000 | Loan (75% LTV) | £46,500 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £213 |
| Rent needed (1.5×) | £320/mo | Estimated rent | £471/mo |
| Stress ratio | 2.21× (need ≥ 1.5×) +£151 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 | £970 |
| SA net/mo | £704 |
| BTL est./mo | £471 |
| SA vs BTL uplift | +£499/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £66,767 | +£4,767 | £17,342 | +£1,842 (3.0%) |
| 5 years | £70,147 | +£8,147 | £19,860 | +£4,360 (7.0%) |
| 7 years | £73,699 | +£11,699 | £22,505 | +£7,005 (11.3%) |
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 | £5,654 | £63,860 | £3,626 | £1,301 | £3,161 | 13.9% |
| Yr 3 | £5,941 | £67,749 | £3,832 | £4,211 | £9,960 | 43.9% |
| Yr 5 | £6,241 | £71,875 | £4,049 | £7,549 | £17,424 | 76.8% |
| Yr 10 | £7,062 | £83,323 | £4,639 | £17,911 | £39,234 | 172.8% |
| Yr 15 | £7,990 | £96,594 | £5,307 | £31,454 | £66,048 | 291.0% |
| Yr 20 | £9,039 | £111,979 | £6,063 | £48,597 | £98,575 | 434.3% |
| Yr 25 | £10,227 | £129,814 | £6,919 | £69,812 | £137,626 | 606.3% |
| Yr 30 | £11,571 | £150,490 | £7,886 | £95,635 | £184,126 | 811.1% |
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 | £400 | 7.7% | 4.3% | £-29 | -7.9% |
| Conservative | £438 | 8.5% | 5.2% | £56 | 2.3% |
| Base | £471 | 9.1% | 5.8% | £108 | 6.5% |
| Optimistic | £509 | 9.8% | 6.6% | £165 | 11.3% |
| Bull | £556 | 10.8% | 7.5% | £230 | 17.5% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●9.12% |
| Net Yield | ●5.85% |
| Net Annual Income | £3,624 |
| Deductions: void 8% (−£452) · mgmt 10% (−£565) · maint 10% (−£565) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £193 |
| Monthly Cashflow (IO) | ●£109 |
| Cash-on-Cash Return | ●5.72% |
| 5-Year IRR | ●6.5% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £3,100 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £3,100 |
| Section 24 Extra Tax/yr (higher rate) | £465 |
| SPV Annual Saving | £1,019 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £71,875 |
| Less: Purchase Price | −£62,000 |
| Less: Buying Costs (SDLT + legal) | −£5,700 |
| Less: Selling Costs (est. 2.5%) | −£1,797 |
| = CGT Net Gain (5yr) | £2,378 |
| CGT at 24% | £— |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £400 | 7.7% | 4.3% | £-29 | -7.9% |
| Conservative | £438 | 8.5% | 5.2% | £56 | 2.3% |
| Base | £471 | 9.1% | 5.8% | £108 | 6.5% |
| Optimistic | £509 | 9.8% | 6.6% | £165 | 11.3% |
| Bull | £556 | 10.8% | 7.5% | £230 | 17.5% |