12 North Beach, Heacham, King's Lynn, PE31 7LJ
Estimate of £513k for this detached bungalow. 257 sales in PE31 in the last 12 months; median £325k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£16,950
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£19,050
Funding
- Deposit (25%)£4,238
- Mortgage (75% LTV)£12,712
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£6,338
Monthly Returns
- Monthly Rent (estimate)£1,800
- Mortgage Payment (IO)-£56
- Management (10%)-£180
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£1,464
Capital Returns
- 5yr Property Value£17,771
- 5yr Capital Gain (0.95% pa, historical)+£821
- 5yr Cumulative Rent (net)+£95,163
- Less mortgage interest-£3,360
- 5yr Total Return+£92,624
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 | £17,111 | £4,399 | +£17,568 | +£17,729 | 279.7% |
| Year 2 | £17,274 | £4,561 | +£35,520 | +£35,844 | 565.6% |
| Year 3 | £17,438 | £4,725 | +£53,877 | +£54,364 | 857.8% |
| Year 4 | £17,603 | £4,891 | +£72,635 | +£73,288 | 1156.4% |
| Year 5 | £17,771 | £5,058 | +£91,803 | +£92,624 | 1461.5% |
Modelled on the live asking price. Capital growth 0.95% a year is the PE31 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 (£6,338).
Price Forecast
No forecast available.