# 3 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER

## Property details

- Slug: `df7f4fd` (address key hash: `df7f4fdfd3ac6855c4d7f470d59c79617f7cfcd1`)
- Postcode: NE24 4ER
- Transactions on record: 1

- Tenure: Freehold
- Property type: Terraced
- Last sold: £217,995 Dec 2022
- Local average: £120,461 (58 sales)

## Latest sale

- Price: £217,995
- Date: 2022-12-22
- Type: T
- Tenure: F

## Price history

| Event | Date | Price | Type | % change | Today’s value (HPI) | Transaction |
|-------|------|-------|------|--------|---------------------|-------------|
| Sold | 2022-12-22 | £217,995 | Terraced | — | £235,965 (to May 2026) | [View](http://87.117.209.195:8080/house-prices/2859c1ac-38f6-52b4-e063-4804a8c05948) |

*Today’s value (HPI): adjusted using published house price index trends for the area and property type; not a valuation of the property today.*

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 3 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER | £217,995 | 22/12/2022 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 10 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER | £217,995 | 02/06/2023 | Terraced |
| 23 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER | £98,000 | 27/04/2023 | Terraced |
| 22 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER | £98,000 | 27/04/2023 | Terraced |
| 20 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER | £98,000 | 27/04/2023 | Terraced |
| 21 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER | £98,000 | 27/04/2023 | Terraced |
| 19 ALSTON CLOSE, LONG GRANGE, BLYTH, NORTHUMBERLAND, NE24 4ER | £103,000 | 27/04/2023 | Terraced |

**Area average:** £118,833 (6 sales)

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 22%
- **10y growth:** 28.3%

## House Price Index (HM Land Registry)

*Official index for North East; Terraced series; as of May 2026.*

- **1y growth (index):** 6.6%
- **5y growth (index):** 23.8%
- **10y growth (index):** 41.8%

## Rental Range

*ONS Price Index of Private Rents (North East). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £703/mo
- **Realistic:** £781/mo
- **Optimistic:** £859/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Northumberland (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | As seen on |
|------|------|------|------|
| 2 Bed Flat, Holystone Close, NE24 | £595/mo | 2 | OpenRent |
| 3 Bed Semi-Detached House, Harbottle Walk, NE24 | £900/mo | 3 | OpenRent |

**Average rent: £748/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.34% (weak for cashflow)
- **Max investor price (0.8%):** £93,500
- **Target investor price (1%):** £74,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £748/mo).*

- **Gross yield:** 4.1%
- **Cost-to-rent:** 24.3×
- **Monthly cashflow:** £-210/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*