12 Clements Close, Scole, Diss, IP21 4EG
Estimate of £303k for this detached bungalow. 121 sales in IP21 in the last 12 months; median £340k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£300,000
- SDLT standard£5,000
- SDLT BTL surcharge (5%)£15,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£322,100
Funding
- Deposit (25%)£75,000
- Mortgage (75% LTV)£225,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£97,100
Monthly Returns
- Monthly Rent (estimate)£800
- Mortgage Payment (IO)-£984
- Management (10%)-£80
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£364
Capital Returns
- 5yr Property Value£313,901
- 5yr Capital Gain (0.91% pa, historical)+£13,901
- 5yr Cumulative Rent (net)+£38,955
- Less mortgage interest-£59,040
- 5yr Total Return-£6,185
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 | £302,730 | £77,730 | -£4,368 | -£1,638 | -1.7% |
| Year 2 | £305,485 | £80,485 | -£8,568 | -£3,083 | -3.2% |
| Year 3 | £308,265 | £83,265 | -£12,584 | -£4,319 | -4.4% |
| Year 4 | £311,070 | £86,070 | -£16,425 | -£5,355 | -5.5% |
| Year 5 | £313,901 | £88,901 | -£20,085 | -£6,185 | -6.4% |
Modelled on the live asking price. Capital growth 0.91% a year is the IP21 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 (£97,100).
Price Forecast
No forecast available.