13 The Brewhouse, Court Street, Faversham, ME13 7AT
Estimate of £421k for this flat/maisonette. 337 sales in ME13 in the last 12 months; median £345k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£415,000
- SDLT standard£10,750
- SDLT BTL surcharge (5%)£20,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£448,600
Funding
- Deposit (25%)£103,750
- Mortgage (75% LTV)£311,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£137,350
Monthly Returns
- Monthly Rent (estimate)£2,200
- Mortgage Payment (IO)-£1,362
- Management (10%)-£220
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£518
Capital Returns
- 5yr Property Value£409,017
- 5yr Capital Gain (-0.29% pa, historical)-£5,983
- 5yr Cumulative Rent (net, before lease costs)+£117,659
- Less mortgage interest-£81,720
- 5yr Total Return (before lease costs)+£29,956
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 | £413,796 | £102,546 | +£6,216 | +£5,012 | 3.6% |
| Year 2 | £412,596 | £101,346 | +£12,912 | +£10,508 | 7.7% |
| Year 3 | £411,400 | £100,150 | +£20,087 | +£16,487 | 12.0% |
| Year 4 | £410,207 | £98,957 | +£27,762 | +£22,969 | 16.7% |
| Year 5 | £409,017 | £97,767 | +£35,939 | +£29,956 | 21.8% |
Modelled on the live asking price. Capital growth -0.29% a year is the ME13 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 (£137,350).
Price Forecast
No forecast available.