Plessey Road, Blyth, NE24
Flat · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 34.8% 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
- £59,950
- Property Type
- Flat
- Bedrooms
- 2
- Bathrooms
- N/A
- Floor Area
- 678 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 | £187 |
| ICR (actual) | 3.2x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £59,950 |
| Deposit (25% — 75% LTV) | £14,987 |
| SDLT (additional property, 5% surcharge) | £2,998 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £20,984 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £59,950 | Loan (75% LTV) | £44,962 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £206 |
| Rent needed (1.5×) | £309/mo | Estimated rent | £599/mo |
| Stress ratio | 2.91× (need ≥ 1.5×) +£290 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 | £1,025 |
| 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 | £64,560 | +£4,610 | £16,742 | +£1,755 (2.9%) |
| 5 years | £67,828 | +£7,878 | £19,177 | +£4,190 (7.0%) |
| 7 years | £71,262 | +£11,312 | £21,735 | +£6,748 (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 | £7,188 | £61,748 | £4,730 | £2,482 | £4,281 | 19.4% |
| Yr 3 | £7,552 | £65,509 | £4,992 | £7,838 | £13,397 | 60.7% |
| Yr 5 | £7,934 | £69,498 | £5,268 | £13,738 | £23,286 | 105.4% |
| Yr 10 | £8,977 | £80,568 | £6,018 | £31,050 | £51,668 | 233.9% |
| Yr 15 | £10,156 | £93,400 | £6,868 | £52,407 | £85,858 | 388.8% |
| Yr 20 | £11,491 | £108,276 | £7,829 | £78,340 | £126,667 | 573.5% |
| Yr 25 | £13,001 | £125,522 | £8,916 | £109,451 | £175,023 | 792.5% |
| Yr 30 | £14,710 | £145,514 | £10,146 | £146,419 | £231,983 | 1050.4% |
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 | £509 | 10.2% | 5.9% | £50 | -1.1% |
| Conservative | £557 | 11.2% | 7.1% | £147 | 8.0% |
| Base | £599 | 12.0% | 7.9% | £207 | 11.9% |
| Optimistic | £647 | 12.9% | 8.8% | £273 | 16.3% |
| Bull | £707 | 14.1% | 10.0% | £350 | 22.0% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●11.99% |
| Net Yield | ●7.89% |
| Net Annual Income | £4,730 |
| Deductions: void 8% (−£575) · mgmt 10% (−£719) · maint 10% (−£719) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £187 |
| Monthly Cashflow (IO) | ●£207 |
| Cash-on-Cash Return | ●11.24% |
| 5-Year IRR | ●11.9% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £2,998 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £2,998 |
| Section 24 Extra Tax/yr (higher rate) | £450 |
| SPV Annual Saving | £1,231 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £69,498 |
| Less: Purchase Price | −£59,950 |
| Less: Buying Costs (SDLT + legal) | −£5,598 |
| Less: Selling Costs (est. 2.5%) | −£1,737 |
| = CGT Net Gain (5yr) | £2,213 |
| CGT at 24% | £— |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £509 | 10.2% | 5.9% | £50 | -1.1% |
| Conservative | £557 | 11.2% | 7.1% | £147 | 8.0% |
| Base | £599 | 12.0% | 7.9% | £207 | 11.9% |
| Optimistic | £647 | 12.9% | 8.8% | £273 | 16.3% |
| Bull | £707 | 14.1% | 10.0% | £350 | 22.0% |