Recent sale
6 MAGAZINE ROAD
£450k
Sale price
£/sqft
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Rent pcm
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Yield
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Estimate of £487k for semi-detached houses in Shoebury Garrison. 268 transactions in the last 12 months; median £340k.
Buy-to-let cashflow + capital returns
| Year | Property Value | Equity | Cashflow (YTD) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £493,623 | £128,373 | +£660 | +£7,283 | 3.5% |
| Year 2 | £500,336 | £135,086 | +£1,320 | +£14,656 | 7.0% |
| Year 3 | £507,141 | £141,891 | +£1,980 | +£22,121 | 10.6% |
| Year 4 | £514,038 | £148,788 | +£2,640 | +£29,678 | 14.2% |
| Year 5 | £521,029 | £155,779 | +£3,300 | +£37,329 | 17.8% |
Assumes 1.36% pa capital growth (API forecast), 3.0% rental growth, 5.25% IO mortgage held for 5 years, light refurb completed year 0. ROI is on total cash invested (£209,540).
No forecast available.