Richard Street, Blyth, NE24
Flat · 1 bed
Supports major UK property portals
Suggested Offer Range
Already 51.1% below the comparable sales mean — limited negotiation margin. Strong value at current asking price.
Property Details
- Asking Price
- £45,000
- Property Type
- Flat
- Bedrooms
- 1
- Bathrooms
- N/A
- Floor Area
- 549 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: 218 days on marketBelow market value
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £140 |
| ICR (actual) | 3.36x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £45,000 |
| Deposit (25% — 75% LTV) | £11,250 |
| SDLT (additional property, 5% surcharge) | £2,250 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £16,499 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £45,000 | Loan (75% LTV) | £33,750 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £155 |
| Rent needed (1.5×) | £232/mo | Estimated rent | £471/mo |
| Stress ratio | 3.04× (need ≥ 1.5×) +£239 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 | £48,460 | +£3,460 | £12,373 | +£1,123 (2.5%) |
| 5 years | £50,913 | +£5,913 | £14,200 | +£2,950 (6.6%) |
| 7 years | £53,491 | +£8,491 | £16,121 | +£4,871 (10.8%) |
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 | £5,652 | £46,350 | £3,624 | £1,937 | £3,287 | 18.7% |
| Yr 3 | £5,938 | £49,173 | £3,830 | £6,119 | £10,291 | 58.5% |
| Yr 5 | £6,239 | £52,167 | £4,047 | £10,728 | £17,895 | 101.7% |
| Yr 10 | £7,059 | £60,476 | £4,637 | £24,266 | £39,743 | 225.8% |
| Yr 15 | £7,986 | £70,109 | £5,305 | £40,985 | £66,094 | 375.5% |
| Yr 20 | £9,036 | £81,275 | £6,061 | £61,302 | £97,577 | 554.4% |
| Yr 25 | £10,223 | £94,220 | £6,916 | £85,690 | £134,910 | 766.5% |
| Yr 30 | £11,566 | £109,227 | £7,883 | £114,684 | £178,911 | 1016.5% |
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 | 10.7% | 6.0% | £40 | -2.0% |
| Conservative | £438 | 11.7% | 7.2% | £115 | 7.1% |
| Base | £471 | 12.6% | 8.1% | £161 | 10.8% |
| Optimistic | £509 | 13.6% | 9.0% | £213 | 15.2% |
| Bull | £556 | 14.8% | 10.3% | £273 | 20.8% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●12.56% |
| Net Yield | ●8.05% |
| Net Annual Income | £3,624 |
| Deductions: void 8% (−£452) · mgmt 10% (−£565) · maint 10% (−£565) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £140 |
| Monthly Cashflow (IO) | ●£162 |
| Cash-on-Cash Return | ●11.0% |
| 5-Year IRR | ●10.8% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £2,250 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £2,250 |
| Section 24 Extra Tax/yr (higher rate) | £338 |
| SPV Annual Saving | £987 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £52,167 |
| Less: Purchase Price | −£45,000 |
| Less: Buying Costs (SDLT + legal) | −£4,850 |
| Less: Selling Costs (est. 2.5%) | −£1,304 |
| = CGT Net Gain (5yr) | £1,013 |
| CGT at 24% | £— |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £400 | 10.7% | 6.0% | £40 | -2.0% |
| Conservative | £438 | 11.7% | 7.2% | £115 | 7.1% |
| Base | £471 | 12.6% | 8.1% | £161 | 10.8% |
| Optimistic | £509 | 13.6% | 9.0% | £213 | 15.2% |
| Bull | £556 | 14.8% | 10.3% | £273 | 20.8% |