16 Marina House, Harbour Walk, Hartlepool, TS24 0UX

UPRN:10090072098Purpose Built Flat1 bedsBuilt 2007-2011

LeaseholdCouncil Tax: Band AEPC: B (85)

Data freshness:Listing· freshEPC· 2mo agoRisk· 2y agoAmenities· 1mo agoArea· Census 2021

Valuation estimateUpdated today

£57,000

Estimated value

Range: £54k - £60k|Last sold: £44k (2024-02-06)

Estimate of £57k for this purpose built flat. 219 sales in TS24 in the last 12 months; median £86k.

Estimate confidence

High confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£57k

£54k - £60k - High confidence

Annualised (CAGR)

+0.28%

Over the full window

Peak estimate

£62k

Aug 2022

From peak

-8.06%

Drawdown from peak

AVM estimate (model)Repeat-sales index - TS24 district (quarterly)index YoY -3.66%

Growth by window

+7.55%

+9.62%

12m

+5.56%

24m

+14.00%

60m

+3.64%

Rental Market

Monthly

Estimated rent (pcm)

£350

/ month

Gross yield

7.30%

Rent ÷ asking price

Net yield

5.06%

Assumes ~31% running costs (not this property's)

Vacancy trend

12-month change

Market Metrics

6 live signals

Median Area Price

£86k

TS24 sales, last 12 months

12m Price Growth

+18.2%

TS24 median, Land Registry

Days on Market

133d

TS24 average

Sales & Yield

3 metrics

Transactions / 12m

219

TS24 sales

Area Gross Yield

8.19%

TS24 medians

Last Sold

£44k

2024-02-06

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£57,500
SDLT standard£0
SDLT BTL surcharge (5%)£2,875
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£62,475

Funding

Deposit (25%)£14,375
Mortgage (75% LTV)£43,125
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£19,350

Monthly Returns

Monthly Rent (estimate)£350
Mortgage Payment (IO)-£189
Management (10%)-£35
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£26

Capital Returns

5yr Property Value£59,570
5yr Capital Gain (0.71% pa, historical)+£2,070
5yr Cumulative Rent (net, before lease costs)+£13,673
Less mortgage interest-£11,340
5yr Total Return (before lease costs)+£4,403

Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.

5-Year Projection

BTL · Interest Only

Year	Property Value	Equity	Cashflow (cumulative)	Total Return	ROI
Year 1	£57,908	£14,783	+£312	+£720	3.7%
Year 2	£58,319	£15,194	+£696	+£1,515	7.8%
Year 3	£58,733	£15,608	+£1,166	+£2,399	12.4%
Year 4	£59,150	£16,025	+£1,711	+£3,361	17.4%
Year 5	£59,570	£16,445	+£2,333	+£4,403	22.8%

Modelled on the live asking price. Capital growth 0.71% a year is the TS24 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£19,350).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,505

Population

Signal

6.8%

Households Deprived

Upside Opportunities

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