1 Northwood House, Bullockstone Road, Herne Bay, CT6 7NR
Estimate of £407k for this semi-detached house. 439 sales in CT6 in the last 12 months; median £326k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£350,000
- SDLT standard£7,500
- SDLT BTL surcharge (5%)£17,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£377,100
Funding
- Deposit (25%)£87,500
- Mortgage (75% LTV)£262,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£114,600
Monthly Returns
- Monthly Rent (estimate)£1,600
- Mortgage Payment (IO)-£1,148
- Management (10%)-£160
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£192
Capital Returns
- 5yr Property Value£351,051
- 5yr Capital Gain (0.06% pa, historical)+£1,051
- 5yr Cumulative Rent (net)+£83,934
- Less mortgage interest-£68,880
- 5yr Total Return+£16,105
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.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £350,210 | £87,710 | +£2,304 | +£2,514 | 2.2% |
| Year 2 | £350,420 | £87,920 | +£4,956 | +£5,376 | 4.7% |
| Year 3 | £350,630 | £88,130 | +£7,964 | +£8,594 | 7.5% |
| Year 4 | £350,841 | £88,341 | +£11,323 | +£12,164 | 10.6% |
| Year 5 | £351,051 | £88,551 | +£15,054 | +£16,105 | 14.1% |
Modelled on the live asking price. Capital growth 0.06% a year is the CT6 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. ROI is on cash required (£114,600).
Price Forecast
No forecast available.