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Carlton Street, Blyth, NE24

Rightmove Sector: NE24 3

                    £55,000
                

asking price

vs Benchmark

-61%

below Sector Median

Est. £/sqft

£61

benchmark £173/sqft

Investment Score

9.5/10

strong opportunity

Days on Market

146

motivated seller signal

Suggested Offer Range

Low offer

£52,250

£2,750 below asking

Target offer

£53,350

£1,650 below asking

High offer

£55,000

At asking price

⚠ Offers Over listing — vendor expects full asking price or above. The offer range shown is for context only; submitting below asking is likely to be rejected.

Already 59.6% 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.

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: £55,000
Property Type: Terraced
Bedrooms: 2
Bathrooms: N/A
Est. Floor Area: 893 sqft (est.)
Article 4 Area: ✓ No restriction — SA permitted under PD rights

-60.7% vs Sector Median (n=96 sales)

This listing is priced below the postcode sector benchmark.

Motivated Seller Analysis

Watch — 5/10

Behavioural signals: 146 days on marketBelow market value

Matched signals:

investment opportunity

💸 Mortgage & Financing

Recommended LTV	75.0%
Indicative Rate	4.99%
Monthly IO Payment	£172
ICR (actual)	3.49x
Feasibility	PASS
💲 Total Cash Required
Purchase Price	£55,000
Deposit (25% — 75% LTV)	£13,750
SDLT (additional property, 5% surcharge)	£2,750
Legal fees (est.)	£1,500
Survey (est.)	£500
Arrangement fee (est.)	£999
Total cash required	£19,499

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 3.2x monthly interest — lender likely to approve.

Purchase price	£55,000	Loan (75% LTV)	£41,250
Rate (IO)	5.5% p.a.	Monthly interest	£189
Rent needed (1.5×)	£284/mo	Estimated rent	£599/mo
Stress ratio	3.17× (need ≥ 1.5×) +£315 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	£59,229	+£4,229	£15,296	+£1,546 (2.8%)
5 years	£62,227	+£7,227	£17,529	+£3,779 (6.9%)
7 years	£65,378	+£10,378	£19,876	+£6,126 (11.1%)

Break-even Horizon

75 months

Long-term (5+ years)

Flip Viability

Viable

Comp median: £143,000 — margin: +£88,000

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
38, DRAKE AVENUE, NE24 3UQ	Terraced	3	£181,000	£196	24/02/26	0.83 mi
129, WENSLEYDALE TERRACE, NE24 3HF	Terraced	3	£108,000	£86	09/02/26	0.68 mi
51, SOLINGEN ESTATE, NE24 3ER	Terraced	2	£102,500	£138	30/01/26	0.68 mi
37, KINGFISHER WAY, NE24 3QP	Terraced	2	£128,000	£172	30/01/26	1.00 mi
15, CROFTHEAD CLOSE, NE24 3JH	Terraced	2	£143,000	£187	23/01/26	0.24 mi
9, WEST DRIVE, NE24 3QZ	Terraced	3	£86,000	£71	16/01/26	1.19 mi
30, ARCADIA TERRACE, NE24 3JX	Terraced	2	£110,000	£146	09/01/26	0.48 mi
19, BROMLEY GARDENS, NE24 3TU	Terraced	3	£200,000	£206	07/01/26	0.90 mi
45, DUNLIN DRIVE, NE24 3SQ	Terraced	2	£143,000	£190	19/12/25	0.97 mi
25, KINGFISHER WAY, NE24 3QP	Terraced	3	£160,000	£153	17/12/25	1.00 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: 13.3%

Year	Est. Rent/yr	Est. Value	Net Income/yr	Cum. Cashflow	Total Return	ROI on Cash Invested
Yr 1	£7,188	£56,650	£4,731	£2,668	£4,318	21.0%
Yr 3	£7,552	£60,100	£4,993	£8,396	£13,496	65.5%
Yr 5	£7,935	£63,760	£5,268	£14,668	£23,428	113.7%
Yr 10	£8,977	£73,915	£6,019	£32,911	£51,826	251.6%
Yr 15	£10,157	£85,688	£6,868	£55,198	£85,886	416.9%
Yr 20	£11,492	£99,336	£7,829	£82,062	£126,398	613.6%
Yr 25	£13,002	£115,158	£8,916	£114,104	£174,261	845.9%
Yr 30	£14,711	£133,499	£10,147	£152,003	£230,503	1118.9%

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)

● 26/02066/DISCON 0.16 mi

Discharge of Condition 4 (Services) of approved application 25/04244/LBC

The Quay 67 Bridge Street Blyth Northumberland NE24 2AP

Undecided

● 26/01706/TREECA 0.37 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

● 26/01834/FUL 0.41 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

● 26/01764/CLEXIS 0.42 mi

Certificate of Lawful Development - Existing use for operating as a large house of multiple occupation

Marlow Lodge Marlow Street Blyth Northumberland NE24 2RQ

Undecided

● 26/01773/FUL 0.45 mi

Replacement of the existing external linear steel fire escape at the rear with a revised winder design, extending from g

62 Salisbury Street Blyth Northumberland NE24 1JL

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

8.6%

Gross:13.1%

Mortgage

PASS

75% LTV · 5.0% rate

Survey Risk

Low Risk

Score: 2/10

SDLT (Additional)

£2,750

5.0% effective rate · Company: £2,750

Void Risk

Medium

~5 weeks/year

Statistical CI (65%)

£124,795 –£147,505

vs Comparable Mean:-59.6%· n=10

Best Strategy

Serviced Accommodation

£580/mo

📊 NE24 market data →

SPV Tax Saving

£1,221/yr

Breakeven: — years

5-Year IRR

13.3%

IRR — Strong

Scenario Analysis

Scenario	Monthly Rent	Gross Yield	Net Yield	Cashflow/mo	IRR 5yr
Bear	£509	11.1%	6.4%	£70	0.8%
Conservative	£557	12.2%	7.7%	£164	9.6%
Base	£599	13.1%	8.6%	£222	13.3%
Optimistic	£647	14.1%	9.6%	£287	17.7%
Bull	£707	15.4%	10.9%	£363	23.2%

⚠ Condition Flags

Extended Market Time (MODERATE)

Level 2 HomeBuyer Report (RICS) — standard for well-maintained modern properties

Detailed Analysis

💸 Yield & Returns

Gross Yield	●13.07%
Net Yield	●8.6%
Net Annual Income	£4,730
Deductions: void 8% (−£575) · mgmt 10% (−£719) · maint 10% (−£719) · fixed costs ins.+gas+EPC (−£445)
Monthly IO Mortgage	£172
Monthly Cashflow (IO)	●£222
Cash-on-Cash Return	●12.95%
5-Year IRR	●13.3%

● Above benchmark ● Near benchmark ● Below benchmark

💰 Tax Analysis

SDLT (Additional Property)	£2,750
SDLT Effective Rate	5.0%
SDLT (Company)	£2,750
Section 24 Extra Tax/yr (higher rate)	£412
SPV Annual Saving	£1,221
SPV Breakeven	— yrs
CGT Projected Sale (5yr)	£63,760
Less: Purchase Price	−£55,000
Less: Buying Costs (SDLT + legal)	−£5,350
Less: Selling Costs (est. 2.5%)	−£1,594
= CGT Net Gain (5yr)	£1,816
CGT at 24%	£—

📈 Scenario Analysis

Scenario	Monthly Rent	Gross Yield	Net Yield	Cashflow/mo	IRR 5yr
Bear	£509	11.1%	6.4%	£70	0.8%
Conservative	£557	12.2%	7.7%	£164	9.6%
Base	£599	13.1%	8.6%	£222	13.3%
Optimistic	£647	14.1%	9.6%	£287	17.7%
Bull	£707	15.4%	10.9%	£363	23.2%

📊 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 →

Carlton Street, Blyth, NE24