2 Sunhill Apartments, 19 Alta Vista Road, Paignton, TQ4 6DA
Estimate of £340k for this flat/maisonette. 295 sales in TQ4 in the last 12 months; median £260k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£325,000
- SDLT standard£6,250
- SDLT BTL surcharge (5%)£16,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£349,600
Funding
- Deposit (25%)£81,250
- Mortgage (75% LTV)£243,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£105,850
Monthly Returns
- Monthly Rent (estimate)£1,400
- Mortgage Payment (IO)-£1,066
- Management (10%)-£140
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£94
Capital Returns
- 5yr Property Value£347,709
- 5yr Capital Gain (1.36% pa, historical)+£22,709
- 5yr Cumulative Rent (net, before lease costs)+£72,668
- Less mortgage interest-£63,960
- 5yr Total Return (before lease costs)+£31,417
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 | £329,420 | £85,670 | +£1,128 | +£5,548 | 5.2% |
| Year 2 | £333,900 | £90,150 | +£2,556 | +£11,456 | 10.8% |
| Year 3 | £338,441 | £94,691 | +£4,291 | +£17,732 | 16.8% |
| Year 4 | £343,044 | £99,294 | +£6,339 | +£24,383 | 23.0% |
| Year 5 | £347,709 | £103,959 | +£8,708 | +£31,417 | 29.7% |
Modelled on the live asking price. Capital growth 1.36% a year is the TQ4 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 (£105,850).
Price Forecast
No forecast available.