12 Priory Avenue, Southampton, SO17 2LT
Estimate of £436k for this end terrace house. 185 sales in SO17 in the last 12 months; median £210k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£425,000
- SDLT standard£11,250
- SDLT BTL surcharge (5%)£21,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£459,600
Funding
- Deposit (25%)£106,250
- Mortgage (75% LTV)£318,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£140,850
Monthly Returns
- Monthly Rent (estimate)£3,000
- Mortgage Payment (IO)-£1,395
- Management (10%)-£300
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£1,205
Capital Returns
- 5yr Property Value£401,118
- 5yr Capital Gain (-1.15% pa, historical)-£23,882
- 5yr Cumulative Rent (net, before lease costs)+£162,613
- Less mortgage interest-£83,700
- 5yr Total Return (before lease costs)+£55,032
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 | £420,112 | £101,362 | +£14,460 | +£9,572 | 6.8% |
| Year 2 | £415,281 | £96,531 | +£29,568 | +£19,849 | 14.1% |
| Year 3 | £410,505 | £91,755 | +£45,338 | +£30,844 | 21.9% |
| Year 4 | £405,785 | £87,035 | +£61,786 | +£42,571 | 30.2% |
| Year 5 | £401,118 | £82,368 | +£78,913 | +£55,032 | 39.1% |
Modelled on the live asking price. Capital growth -1.15% a year is the SO17 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 (£140,850).
Price Forecast
No forecast available.