10 Welcome Street, Exeter, EX2 8EN
Estimate of £268k for this mid terrace house. 448 sales in EX2 in the last 12 months; median £300k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£280,000
- SDLT standard£4,000
- SDLT BTL surcharge (5%)£14,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£300,100
Funding
- Deposit (25%)£70,000
- Mortgage (75% LTV)£210,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£90,100
Monthly Returns
- Monthly Rent (estimate)£1,100
- Mortgage Payment (IO)-£919
- Management (10%)-£110
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£29
Capital Returns
- 5yr Property Value£291,670
- 5yr Capital Gain (0.82% pa, historical)+£11,670
- 5yr Cumulative Rent (net)+£55,829
- Less mortgage interest-£55,140
- 5yr Total Return+£12,359
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 | £282,296 | £72,296 | -£348 | +£1,948 | 2.2% |
| Year 2 | £284,611 | £74,611 | -£456 | +£4,155 | 4.6% |
| Year 3 | £286,945 | £76,945 | -£319 | +£6,626 | 7.4% |
| Year 4 | £289,298 | £79,298 | +£57 | +£9,355 | 10.4% |
| Year 5 | £291,670 | £81,670 | +£689 | +£12,359 | 13.7% |
Modelled on the live asking price. Capital growth 0.82% a year is the EX2 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 (£90,100).
Price Forecast
No forecast available.