1 The Lapwings, Gravesend, DA12 5QH
Estimate of £613k for this detached house. 389 sales in DA12 in the last 12 months; median £335k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£600,000
- SDLT standard£20,000
- SDLT BTL surcharge (5%)£30,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£652,100
Funding
- Deposit (25%)£150,000
- Mortgage (75% LTV)£450,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£202,100
Monthly Returns
- Monthly Rent (estimate)£2,650
- Mortgage Payment (IO)-£1,969
- Management (10%)-£265
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£316
Capital Returns
- 5yr Property Value£663,423
- 5yr Capital Gain (2.03% pa, historical)+£63,423
- 5yr Cumulative Rent (net)+£142,940
- Less mortgage interest-£118,140
- 5yr Total Return+£88,224
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 | £612,180 | £162,180 | +£3,792 | +£15,972 | 7.9% |
| Year 2 | £624,607 | £174,607 | +£8,160 | +£32,767 | 16.2% |
| Year 3 | £637,287 | £187,287 | +£13,105 | +£50,392 | 24.9% |
| Year 4 | £650,224 | £200,224 | +£18,651 | +£68,875 | 34.1% |
| Year 5 | £663,423 | £213,423 | +£24,800 | +£88,224 | 43.7% |
Modelled on the live asking price. Capital growth 2.03% a year is the DA12 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 (£202,100).
Price Forecast
No forecast available.