101 Winterton Valley Estate, Edward Road, Winterton-on-Sea, NR29 4BX
Estimate of £61k for this bungalow property. 281 sales in NR29 in the last 12 months; median £245k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£29,500
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£31,600
Funding
- Deposit (25%)£7,375
- Mortgage (75% LTV)£22,125
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£9,475
Monthly Returns
- Monthly Rent (estimate)£250
- Mortgage Payment (IO)-£97
- Management (10%)-£25
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£28
Capital Returns
- 5yr Property Value£31,421
- 5yr Capital Gain (1.27% pa, historical)+£1,921
- 5yr Cumulative Rent (net, before lease costs)+£8,040
- Less mortgage interest-£5,820
- 5yr Total Return (before lease costs)+£4,142
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 | £29,875 | £7,750 | +£336 | +£711 | 7.5% |
| Year 2 | £30,254 | £8,129 | +£720 | +£1,474 | 15.6% |
| Year 3 | £30,638 | £8,513 | +£1,165 | +£2,303 | 24.3% |
| Year 4 | £31,027 | £8,902 | +£1,661 | +£3,188 | 33.6% |
| Year 5 | £31,421 | £9,296 | +£2,220 | +£4,142 | 43.7% |
Modelled on the live asking price. Capital growth 1.27% a year is the NR29 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 (£9,475).
Price Forecast
No forecast available.