10 Glenroy Gardens, Chester le Street, DH2 2JH
Estimate of £140k for this property. 347 sales in DH2 in the last 12 months; median £140k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£120,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£6,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£128,100
Funding
- Deposit (25%)£30,000
- Mortgage (75% LTV)£90,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£38,100
Monthly Returns
- Monthly Rent (estimate)£750
- Mortgage Payment (IO)-£394
- Management (10%)-£75
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£181
Capital Returns
- 5yr Property Value£127,249
- 5yr Capital Gain (1.18% pa, historical)+£7,249
- 5yr Cumulative Rent (net, before lease costs)+£36,156
- Less mortgage interest-£23,640
- 5yr Total Return (before lease costs)+£19,765
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 | £121,416 | £31,416 | +£2,172 | +£3,588 | 9.4% |
| Year 2 | £122,849 | £32,849 | +£4,512 | +£7,361 | 19.3% |
| Year 3 | £124,298 | £34,298 | +£7,012 | +£11,310 | 29.7% |
| Year 4 | £125,765 | £35,765 | +£9,674 | +£15,440 | 40.5% |
| Year 5 | £127,249 | £37,249 | +£12,516 | +£19,765 | 51.9% |
Modelled on the live asking price. Capital growth 1.18% a year is the DH2 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 (£38,100).
Price Forecast
No forecast available.