Billingham Road, Norton, Stockton-on-Tees, Durham, TS20 2SB, TS20 2SB
Apartment · 2 bed
Supports major UK property portals
Suggested Offer Range
Close to comparable sales mean. Standard 3–10% negotiation range.
Property Details
- Asking Price
- £60,000
- Property Type
- Apartment
- Bedrooms
- 2
- Bathrooms
- N/A
- Est. Floor Area
- 517 sqft (est.)
- 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: Below market value
Matched signals:
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £187 |
| ICR (actual) | 3.54x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £60,000 |
| Deposit (25% — 75% LTV) | £15,000 |
| SDLT (additional property, 5% surcharge) | £3,000 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £20,999 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £60,000 | Loan (75% LTV) | £45,000 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £206 |
| Rent needed (1.5×) | £309/mo | Estimated rent | £662/mo |
| Stress ratio | 3.21× (need ≥ 1.5×) +£353 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 | £662 |
| SA vs BTL uplift | +£979/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £64,613 | +£4,613 | £16,757 | +£1,757 (2.9%) |
| 5 years | £67,884 | +£7,884 | £19,194 | +£4,194 (7.0%) |
| 7 years | £71,321 | +£11,321 | £21,754 | +£6,754 (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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Location
Comparable Sales in TS20 2
⚠️ Only 1 comparable sale(s) matched 2 bedrooms; showing all property types for context.
| Address | Type | Beds | Price | £/sqft | Date | Distance |
|---|---|---|---|---|---|---|
| 6, MILL MEADOW COURT, TS20 2GA | Flat | 1 | £70,000 | £118 | 20/02/26 | < 0.1 mi |
| 3, NAPIER STREET, TS20 2QD | Flat | 1 | £50,000 | £108 | 06/02/26 | 0.76 mi |
| 16, CARMEL GARDENS, TS20 2TD | Flat | 1 | £34,000 | £58 | 02/02/26 | 0.54 mi |
| 25, EARLS COURT, NORTON ROAD, TS20 2NP | Flat | 1 | £78,000 | £127 | 19/12/25 | 0.60 mi |
| 4, BELLE VUE HOUSE, WINDMILL TERRACE, TS20 2EH | Flat | 1 | £31,158 | £72 | 18/12/25 | 0.88 mi |
| 22, MILL MEADOW COURT, TS20 2GA | Flat | 2 | £70,500 | £109 | 29/10/25 | < 0.1 mi |
| 36, MILL MEADOW COURT, TS20 2GA | Flat | 1 | £78,000 | £137 | 04/09/25 | < 0.1 mi |
| 361A, NORTON ROAD, TS20 2PH | Flat | 4 | £85,500 | £64 | 18/06/25 | 0.68 mi |
| 118, BILLINGHAM ROAD, TS20 2SB | Flat | 1 | £69,000 | £149 | 10/06/25 | < 0.1 mi |
| 51, BELLE VUE COURT, TS20 2EJ | Flat | 1 | £79,995 | £158 | 11/03/25 | 0.88 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.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £7,944 | £61,800 | £5,275 | £3,025 | £4,825 | 21.8% |
| Yr 3 | £8,346 | £65,564 | £5,564 | £9,507 | £15,070 | 68.2% |
| Yr 5 | £8,769 | £69,556 | £5,868 | £16,590 | £26,146 | 118.3% |
| Yr 10 | £9,921 | £80,635 | £6,698 | £37,130 | £57,765 | 261.4% |
| Yr 15 | £11,225 | £93,478 | £7,637 | £62,140 | £95,618 | 432.7% |
| Yr 20 | £12,700 | £108,367 | £8,699 | £92,207 | £140,574 | 636.1% |
| Yr 25 | £14,369 | £125,627 | £9,900 | £127,996 | £193,623 | 876.1% |
| Yr 30 | £16,257 | £145,636 | £11,260 | £170,259 | £255,895 | 1157.9% |
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)
🌎 Area Profile — TS20 2 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £563 | 11.3% | 6.6% | £85 | 1.9% |
| Conservative | £616 | 12.3% | 7.9% | £188 | 10.6% |
| Base | £662 | 13.2% | 8.8% | £252 | 14.3% |
| Optimistic | £715 | 14.3% | 9.8% | £323 | 18.6% |
| Bull | £781 | 15.6% | 11.1% | £407 | 24.1% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●13.24% |
| Net Yield | ●8.79% |
| Net Annual Income | £5,275 |
| Deductions: void 8% (−£636) · mgmt 10% (−£794) · maint 10% (−£794) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £187 |
| Monthly Cashflow (IO) | ●£253 |
| Cash-on-Cash Return | ●13.69% |
| 5-Year IRR | ●14.3% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £3,000 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £3,000 |
| Section 24 Extra Tax/yr (higher rate) | £450 |
| SPV Annual Saving | £1,336 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £69,556 |
| Less: Purchase Price | −£60,000 |
| Less: Buying Costs (SDLT + legal) | −£5,600 |
| Less: Selling Costs (est. 2.5%) | −£1,739 |
| = CGT Net Gain (5yr) | £2,217 |
| CGT at 24% | £— |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £563 | 11.3% | 6.6% | £85 | 1.9% |
| Conservative | £616 | 12.3% | 7.9% | £188 | 10.6% |
| Base | £662 | 13.2% | 8.8% | £252 | 14.3% |
| Optimistic | £715 | 14.3% | 9.8% | £323 | 18.6% |
| Bull | £781 | 15.6% | 11.1% | £407 | 24.1% |