19 Florida Drive, Exeter, EX4 5EX
Estimate of £463k for this detached house. 440 sales in EX4 in the last 12 months; median £281k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£465,000
- SDLT standard£13,250
- SDLT BTL surcharge (5%)£23,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£503,600
Funding
- Deposit (25%)£116,250
- Mortgage (75% LTV)£348,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£154,850
Monthly Returns
- Monthly Rent (estimate)£3,150
- Mortgage Payment (IO)-£1,526
- Management (10%)-£315
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£1,209
Capital Returns
- 5yr Property Value£501,678
- 5yr Capital Gain (1.53% pa, historical)+£36,678
- 5yr Cumulative Rent (net)+£171,045
- Less mortgage interest-£91,560
- 5yr Total Return+£116,163
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 | £472,115 | £123,365 | +£14,508 | +£21,623 | 14.0% |
| Year 2 | £479,338 | £130,588 | +£29,700 | +£44,038 | 28.4% |
| Year 3 | £486,672 | £137,922 | +£45,579 | +£67,251 | 43.4% |
| Year 4 | £494,118 | £145,368 | +£62,173 | +£91,291 | 59.0% |
| Year 5 | £501,678 | £152,928 | +£79,485 | +£116,163 | 75.0% |
Modelled on the live asking price. Capital growth 1.53% a year is the EX4 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 (£154,850).
Price Forecast
No forecast available.