101 Kenilworth Court, Washington, NE37 3EQ
Estimate of £35k for this purpose built flat. 206 sales in NE37 in the last 12 months; median £125k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£32,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£34,100
Funding
- Deposit (25%)£8,000
- Mortgage (75% LTV)£24,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£10,100
Monthly Returns
- Monthly Rent (estimate)£300
- Mortgage Payment (IO)-£105
- Management (10%)-£30
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£65
Capital Returns
- 5yr Property Value£34,780
- 5yr Capital Gain (1.68% pa, historical)+£2,780
- 5yr Cumulative Rent (net, before lease costs)+£10,863
- Less mortgage interest-£6,300
- 5yr Total Return (before lease costs)+£7,342
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 | £32,538 | £8,538 | +£780 | +£1,318 | 13.0% |
| Year 2 | £33,084 | £9,084 | +£1,620 | +£2,704 | 26.8% |
| Year 3 | £33,640 | £9,640 | +£2,533 | +£4,173 | 41.3% |
| Year 4 | £34,205 | £10,205 | +£3,510 | +£5,715 | 56.6% |
| Year 5 | £34,780 | £10,780 | +£4,563 | +£7,342 | 72.7% |
Modelled on the live asking price. Capital growth 1.68% a year is the NE37 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 (£10,100).
Price Forecast
No forecast available.