Millburn Street, Millfield, Sunderland
Property · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 36.2% below the comparable sales mean — limited negotiation margin. Strong value at current asking price.
Property Details
- Asking Price
- £69,950
- Property Type
- Property
- Bedrooms
- 2
- Bathrooms
- N/A
- Est. Floor Area
- 936 sqft (est.)
- 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 | £218 |
| ICR (actual) | 2.91x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £69,950 |
| Deposit (25% — 75% LTV) | £17,487 |
| SDLT (additional property, 5% surcharge) | £3,498 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £23,984 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £69,950 | Loan (75% LTV) | £52,462 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £240 |
| Rent needed (1.5×) | £361/mo | Estimated rent | £635/mo |
| Stress ratio | 2.64× (need ≥ 1.5×) +£274 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 | £1,641 |
| SA net/mo | £1,294 |
| BTL est./mo | £635 |
| SA vs BTL uplift | +£1,006/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £75,328 | +£5,378 | £19,665 | +£2,178 (3.1%) |
| 5 years | £79,142 | +£9,192 | £22,506 | +£5,019 (7.2%) |
| 7 years | £83,149 | +£13,199 | £25,491 | +£8,004 (11.4%) |
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 | £7,618 | £72,048 | £5,040 | £2,417 | £4,515 | 18.0% |
| Yr 3 | £8,003 | £76,436 | £5,317 | £7,664 | £14,151 | 56.4% |
| Yr 5 | £8,408 | £81,091 | £5,609 | £13,488 | £24,630 | 98.2% |
| Yr 10 | £9,513 | £94,007 | £6,405 | £30,765 | £54,822 | 218.5% |
| Yr 15 | £10,763 | £108,980 | £7,305 | £52,328 | £91,358 | 364.2% |
| Yr 20 | £12,178 | £126,337 | £8,323 | £78,741 | £135,128 | 538.7% |
| Yr 25 | £13,778 | £146,460 | £9,475 | £110,640 | £187,150 | 746.0% |
| Yr 30 | £15,589 | £169,787 | £10,779 | £148,747 | £248,584 | 990.9% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
🌎 Area Profile — SR4 7 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £540 | 9.3% | 5.4% | £30 | -2.8% |
| Conservative | £591 | 10.1% | 6.5% | £136 | 6.7% |
| Base | £635 | 10.9% | 7.2% | £202 | 10.7% |
| Optimistic | £686 | 11.8% | 8.1% | £274 | 15.3% |
| Bull | £749 | 12.9% | 9.1% | £358 | 21.2% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●10.89% |
| Net Yield | ●7.21% |
| Net Annual Income | £5,041 |
| Deductions: void 8% (−£609) · mgmt 10% (−£762) · maint 10% (−£762) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £218 |
| Monthly Cashflow (IO) | ●£202 |
| Cash-on-Cash Return | ●9.64% |
| 5-Year IRR | ●10.7% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £3,498 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £3,498 |
| Section 24 Extra Tax/yr (higher rate) | £525 |
| SPV Annual Saving | £1,310 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £81,091 |
| Less: Purchase Price | −£69,950 |
| Less: Buying Costs (SDLT + legal) | −£6,098 |
| Less: Selling Costs (est. 2.5%) | −£2,027 |
| = CGT Net Gain (5yr) | £3,016 |
| CGT at 24% | £4 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £540 | 9.3% | 5.4% | £30 | -2.8% |
| Conservative | £591 | 10.1% | 6.5% | £136 | 6.7% |
| Base | £635 | 10.9% | 7.2% | £202 | 10.7% |
| Optimistic | £686 | 11.8% | 8.1% | £274 | 15.3% |
| Bull | £749 | 12.9% | 9.1% | £358 | 21.2% |