2 Bushley Cottage, High Street, Eastry, Sandwich, CT13 0HE
Estimate of £177k for this converted flat. 116 sales in CT13 in the last 12 months; median £336k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£190,000
- SDLT standard£1,300
- SDLT BTL surcharge (5%)£9,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£202,900
Funding
- Deposit (25%)£47,500
- Mortgage (75% LTV)£142,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£60,400
Monthly Returns
- Monthly Rent (estimate)£850
- Mortgage Payment (IO)-£623
- Management (10%)-£85
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£42
Capital Returns
- 5yr Property Value£202,775
- 5yr Capital Gain (1.31% pa, historical)+£12,775
- 5yr Cumulative Rent (net, before lease costs)+£41,777
- Less mortgage interest-£37,380
- 5yr Total Return (before lease costs)+£17,173
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 | £192,489 | £49,989 | +£504 | +£2,993 | 5.0% |
| Year 2 | £195,011 | £52,511 | +£1,188 | +£6,199 | 10.3% |
| Year 3 | £197,565 | £55,065 | +£2,068 | +£9,633 | 15.9% |
| Year 4 | £200,153 | £57,653 | +£3,136 | +£13,290 | 22.0% |
| Year 5 | £202,775 | £60,275 | +£4,397 | +£17,173 | 28.4% |
Modelled on the live asking price. Capital growth 1.31% a year is the CT13 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 (£60,400).
Price Forecast
No forecast available.