2 Sevena Cottages, King Street, Winterton-on-Sea, Great Yarmouth, NR29 4AT
Estimate of £275k for this mid terrace house. 281 sales in NR29 in the last 12 months; median £245k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£299,950
- SDLT standard£4,998
- SDLT BTL surcharge (5%)£14,998
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£322,046
Funding
- Deposit (25%)£74,988
- Mortgage (75% LTV)£224,962
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£97,084
Monthly Returns
- Monthly Rent (estimate)£1,100
- Mortgage Payment (IO)-£984
- Management (10%)-£110
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£94
Capital Returns
- 5yr Property Value£319,487
- 5yr Capital Gain (1.27% pa, historical)+£19,537
- 5yr Cumulative Rent (net)+£55,829
- Less mortgage interest-£59,040
- 5yr Total Return+£16,326
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 | £303,759 | £78,797 | -£1,128 | +£2,681 | 2.8% |
| Year 2 | £307,617 | £82,655 | -£2,016 | +£5,651 | 5.8% |
| Year 3 | £311,524 | £86,561 | -£2,659 | +£8,915 | 9.2% |
| Year 4 | £315,480 | £90,518 | -£3,063 | +£12,467 | 12.8% |
| Year 5 | £319,487 | £94,524 | -£3,211 | +£16,326 | 16.8% |
Modelled on the live asking price. Capital growth 1.27% a year is the NR29 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 (£97,084).
Price Forecast
No forecast available.