15 Norton Street, Burnham Norton, King's Lynn, PE31 8DR
Estimate of £296k for this mid terrace house. 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£295,000
- SDLT standard£4,750
- SDLT BTL surcharge (5%)£14,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£316,600
Funding
- Deposit (25%)£73,750
- Mortgage (75% LTV)£221,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£95,350
Monthly Returns
- Monthly Rent (estimate)£1,150
- Mortgage Payment (IO)-£968
- Management (10%)-£115
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£33
Capital Returns
- 5yr Property Value£309,281
- 5yr Capital Gain (0.95% pa, historical)+£14,281
- 5yr Cumulative Rent (net)+£58,640
- Less mortgage interest-£58,080
- 5yr Total Return+£14,841
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 | £297,802 | £76,552 | -£396 | +£2,406 | 2.5% |
| Year 2 | £300,632 | £79,382 | -£540 | +£5,092 | 5.3% |
| Year 3 | £303,488 | £82,238 | -£438 | +£8,049 | 8.4% |
| Year 4 | £306,371 | £85,121 | -£74 | +£11,297 | 11.8% |
| Year 5 | £309,281 | £88,031 | +£560 | +£14,841 | 15.6% |
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 (£95,350).
Price Forecast
No forecast available.