1 Maidstone Road, Norwich, NR1 1EA
Estimate of £159k for this flat/maisonette. 350 sales in NR1 in the last 12 months; median £209k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£155,000
- SDLT standard£600
- SDLT BTL surcharge (5%)£7,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£165,450
Funding
- Deposit (25%)£38,750
- Mortgage (75% LTV)£116,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£49,200
Monthly Returns
- Monthly Rent (estimate)£900
- Mortgage Payment (IO)-£509
- Management (10%)-£90
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£201
Capital Returns
- 5yr Property Value£154,227
- 5yr Capital Gain (-0.10% pa, historical)-£773
- 5yr Cumulative Rent (net, before lease costs)+£44,576
- Less mortgage interest-£30,540
- 5yr Total Return (before lease costs)+£13,262
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
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £154,845 | £38,595 | +£2,412 | +£2,257 | 4.6% |
| Year 2 | £154,690 | £38,440 | +£5,016 | +£4,706 | 9.6% |
| Year 3 | £154,535 | £38,285 | +£7,816 | +£7,352 | 14.9% |
| Year 4 | £154,381 | £38,131 | +£10,817 | +£10,198 | 20.7% |
| Year 5 | £154,227 | £37,977 | +£14,036 | +£13,262 | 27.0% |
Modelled on the live asking price. Capital growth -0.10% a year is the NR1 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 (£49,200).
Price Forecast
No forecast available.