16 Properties 2 to 20, Eagle Place, Retford, DN22 6QZ
Estimate of £109k for this flat/maisonette. 410 sales in DN22 in the last 12 months; median £205k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£109,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£5,450
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£116,550
Funding
- Deposit (25%)£27,250
- Mortgage (75% LTV)£81,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£34,800
Monthly Returns
- Monthly Rent (estimate)£500
- Mortgage Payment (IO)-£358
- Management (10%)-£50
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£8
Capital Returns
- 5yr Property Value£117,598
- 5yr Capital Gain (1.53% pa, historical)+£8,598
- 5yr Cumulative Rent (net, before lease costs)+£22,104
- Less mortgage interest-£21,480
- 5yr Total Return (before lease costs)+£9,222
Modelled on the estimated value: the property is not on the market. 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 | £110,668 | £28,918 | -£96 | +£1,572 | 4.5% |
| Year 2 | £112,361 | £30,611 | -£84 | +£3,277 | 9.4% |
| Year 3 | £114,080 | £32,330 | +£38 | +£5,118 | 14.7% |
| Year 4 | £115,825 | £34,075 | +£274 | +£7,099 | 20.4% |
| Year 5 | £117,598 | £35,848 | +£624 | +£9,222 | 26.5% |
Modelled on the estimated value: the property is not on the market. Capital growth 1.53% a year is the DN22 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 (£34,800).
Price Forecast
No forecast available.