20 Godwin Road, Hastings, TN35 5JR
Estimate of £492k for this terrace property. 186 sales in TN35 in the last 12 months; median £310k.
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)£2,550
- Mortgage Payment (IO)-£1,624
- Management (10%)-£255
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£571
Capital Returns
- 5yr Property Value£526,201
- 5yr Capital Gain (1.23% pa, historical)+£31,201
- 5yr Cumulative Rent (net)+£137,320
- Less mortgage interest-£97,440
- 5yr Total Return+£71,080
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 | £501,088 | £129,838 | +£6,852 | +£12,940 | 7.8% |
| Year 2 | £507,252 | £136,002 | +£14,256 | +£26,508 | 16.0% |
| Year 3 | £513,491 | £142,241 | +£22,224 | +£40,715 | 24.6% |
| Year 4 | £519,807 | £148,557 | +£30,757 | +£55,564 | 33.6% |
| Year 5 | £526,201 | £154,951 | +£39,880 | +£71,080 | 43.0% |
Modelled on the live asking price. Capital growth 1.23% a year is the TN35 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 (£165,350).
Price Forecast
No forecast available.