Wallington Court, Billingham, TS23
Flat · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 12.0% below the comparable sales mean — some negotiation possible but limited margin.
Property Details
- Asking Price
- £65,000
- Property Type
- Flat
- Bedrooms
- 2
- Bathrooms
- N/A
- Occupancy
- 🔒 Currently Tenanted
- Est. Floor Area
- 563 sqft (est.)
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Motivated Seller Analysis
Active — 6/10Behavioural signals: 123 days on marketBelow market valueTenanted investment
Matched signals:
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £203 |
| ICR (actual) | 3.27x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £65,000 |
| Deposit (25% — 75% LTV) | £16,250 |
| SDLT (additional property, 5% surcharge) | £3,250 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £22,499 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £65,000 | Loan (75% LTV) | £48,750 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £223 |
| Rent needed (1.5×) | £335/mo | Estimated rent | £662/mo |
| Stress ratio | 2.96× (need ≥ 1.5×) +£327 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 | £69,998 | +£4,998 | £18,218 | +£1,968 (3.0%) |
| 5 years | £73,542 | +£8,542 | £20,858 | +£4,608 (7.1%) |
| 7 years | £77,265 | +£12,265 | £23,632 | +£7,382 (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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Location
Comparable Sales in TS23 3
🔍 Filtered to 2-bedroom comparable sales only.
| Address | Type | Beds | Price | £/sqft | Date | Distance |
|---|---|---|---|---|---|---|
| 177, KENNEDY GARDENS, TS23 3RJ | Flat | 2 | £66,500 | £97 | 21/03/25 | 0.92 mi |
| 72, KENNEDY GARDENS, TS23 3RG | Flat | 2 | £69,000 | £100 | 02/02/25 | 1.01 mi |
| 30, NORTH PARK, TS23 3SX | Flat | 2 | £86,000 | £125 | 15/11/24 | 0.35 mi |
■ Above subject ■ Below subject
Based on 3 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 | £7,943 | £66,950 | £5,274 | £2,836 | £4,786 | 20.3% |
| Yr 3 | £8,345 | £71,027 | £5,563 | £8,942 | £14,969 | 63.4% |
| Yr 5 | £8,768 | £75,353 | £5,868 | £15,648 | £26,001 | 110.2% |
| Yr 10 | £9,920 | £87,355 | £6,697 | £35,247 | £57,601 | 244.1% |
| Yr 15 | £11,223 | £101,268 | £7,636 | £59,314 | £95,582 | 405.0% |
| Yr 20 | £12,698 | £117,397 | £8,698 | £88,439 | £140,836 | 596.8% |
| Yr 25 | £14,367 | £136,096 | £9,899 | £123,284 | £194,380 | 823.6% |
| Yr 30 | £16,255 | £157,772 | £11,258 | £164,603 | £257,375 | 1090.6% |
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 — TS23 3 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £563 | 10.4% | 6.1% | £65 | -0.0% |
| Conservative | £616 | 11.4% | 7.3% | £170 | 9.0% |
| Base | £662 | 12.2% | 8.1% | £236 | 12.8% |
| Optimistic | £715 | 13.2% | 9.1% | £309 | 17.3% |
| Bull | £781 | 14.4% | 10.3% | £394 | 23.0% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●12.22% |
| Net Yield | ●8.12% |
| Net Annual Income | £5,275 |
| Deductions: void 8% (−£635) · mgmt 10% (−£794) · maint 10% (−£794) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £203 |
| Monthly Cashflow (IO) | ●£237 |
| Cash-on-Cash Return | ●12.02% |
| 5-Year IRR | ●12.8% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £3,250 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £3,250 |
| Section 24 Extra Tax/yr (higher rate) | £488 |
| SPV Annual Saving | £1,346 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £75,353 |
| Less: Purchase Price | −£65,000 |
| Less: Buying Costs (SDLT + legal) | −£5,850 |
| Less: Selling Costs (est. 2.5%) | −£1,884 |
| = CGT Net Gain (5yr) | £2,619 |
| CGT at 24% | £— |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £563 | 10.4% | 6.1% | £65 | -0.0% |
| Conservative | £616 | 11.4% | 7.3% | £170 | 9.0% |
| Base | £662 | 12.2% | 8.1% | £236 | 12.8% |
| Optimistic | £715 | 13.2% | 9.1% | £309 | 17.3% |
| Bull | £781 | 14.4% | 10.3% | £394 | 23.0% |