19 Imperial Building, 2 Duke of Wellington Avenue, London, SE18 6FR
Estimate of £584k for this purpose built flat. 469 sales in SE18 in the last 12 months; median £410k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£495,000
- SDLT standard£14,750
- SDLT BTL surcharge (5%)£24,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£536,600
Funding
- Deposit (25%)£123,750
- Mortgage (75% LTV)£371,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£165,350
Monthly Returns
- Monthly Rent (estimate)£3,050
- Mortgage Payment (IO)-£1,624
- Management (10%)-£305
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£1,021
Capital Returns
- 5yr Property Value£515,631
- 5yr Capital Gain (0.82% pa, historical)+£20,631
- 5yr Cumulative Rent (net, before lease costs)+£165,424
- Less mortgage interest-£97,440
- 5yr Total Return (before lease costs)+£88,614
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 | £499,059 | £127,809 | +£12,252 | +£16,311 | 9.9% |
| Year 2 | £503,151 | £131,901 | +£25,164 | +£33,315 | 20.1% |
| Year 3 | £507,277 | £136,027 | +£38,751 | +£51,028 | 30.9% |
| Year 4 | £511,437 | £140,187 | +£53,015 | +£69,452 | 42.0% |
| Year 5 | £515,631 | £144,381 | +£67,984 | +£88,614 | 53.6% |
Modelled on the live asking price. Capital growth 0.82% a year is the SE18 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 (£165,350).
Price Forecast
No forecast available.