2 Properties 2 to 20, Eagle Place, Retford, DN22 6QZ
Estimate of £92k 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£92,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£4,600
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£98,700
Funding
- Deposit (25%)£23,000
- Mortgage (75% LTV)£69,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£29,700
Monthly Returns
- Monthly Rent (estimate)£400
- Mortgage Payment (IO)-£302
- Management (10%)-£40
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£42
Capital Returns
- 5yr Property Value£99,257
- 5yr Capital Gain (1.53% pa, historical)+£7,257
- 5yr Cumulative Rent (net, before lease costs)+£16,483
- Less mortgage interest-£18,120
- 5yr Total Return (before lease costs)+£5,620
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 | £93,408 | £24,408 | -£504 | +£904 | 3.0% |
| Year 2 | £94,837 | £25,837 | -£924 | +£1,913 | 6.4% |
| Year 3 | £96,288 | £27,288 | -£1,258 | +£3,030 | 10.2% |
| Year 4 | £97,761 | £28,761 | -£1,492 | +£4,269 | 14.4% |
| Year 5 | £99,257 | £30,257 | -£1,637 | +£5,620 | 18.9% |
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 (£29,700).
Price Forecast
No forecast available.