18 Plowden Road, Hull, HU3 5QP
Estimate of £139k for this semi-detached house. 255 sales in HU3 in the last 12 months; median £108k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£140,000
- SDLT standard£300
- SDLT BTL surcharge (5%)£7,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£149,400
Funding
- Deposit (25%)£35,000
- Mortgage (75% LTV)£105,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£44,400
Monthly Returns
- Monthly Rent (estimate)£750
- Mortgage Payment (IO)-£459
- Management (10%)-£75
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£116
Capital Returns
- 5yr Property Value£167,970
- 5yr Capital Gain (3.71% pa, historical)+£27,970
- 5yr Cumulative Rent (net)+£36,156
- Less mortgage interest-£27,540
- 5yr Total Return+£36,586
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 | £145,194 | £40,194 | +£1,392 | +£6,586 | 14.8% |
| Year 2 | £150,581 | £45,581 | +£2,952 | +£13,533 | 30.5% |
| Year 3 | £156,167 | £51,167 | +£4,672 | +£20,839 | 46.9% |
| Year 4 | £161,961 | £56,961 | +£6,554 | +£28,516 | 64.2% |
| Year 5 | £167,970 | £62,970 | +£8,616 | +£36,586 | 82.4% |
Modelled on the live asking price. Capital growth 3.71% a year is the HU3 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 (£44,400).
Price Forecast
No forecast available.