10 Properties 2 to 20, Eagle Place, Retford, DN22 6QZ
Estimate of £63k for this flat/maisonette. 410 sales in DN22 in the last 12 months; median £205k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£63,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£3,150
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£68,250
Funding
- Deposit (25%)£15,750
- Mortgage (75% LTV)£47,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£21,000
Monthly Returns
- Monthly Rent (estimate)£300
- Mortgage Payment (IO)-£207
- Management (10%)-£30
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£37
Capital Returns
- 5yr Property Value£67,969
- 5yr Capital Gain (1.53% pa, historical)+£4,969
- 5yr Cumulative Rent (net, before lease costs)+£10,863
- Less mortgage interest-£12,420
- 5yr Total Return (before lease costs)+£3,412
Modelled on the estimated value: the property is not on the market. 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 | £63,964 | £16,714 | -£444 | +£520 | 2.5% |
| Year 2 | £64,943 | £17,693 | -£828 | +£1,115 | 5.3% |
| Year 3 | £65,936 | £18,686 | -£1,139 | +£1,798 | 8.6% |
| Year 4 | £66,945 | £19,695 | -£1,386 | +£2,559 | 12.2% |
| Year 5 | £67,969 | £20,719 | -£1,557 | +£3,412 | 16.2% |
Modelled on the estimated value: the property is not on the market. Capital growth 1.53% a year is the DN22 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 (£21,000).
Price Forecast
No forecast available.