20 Thursfield Court, New Crane Street, Chester, CH1 4JL
Estimate of £201k for this purpose built flat. 324 sales in CH1 in the last 12 months; median £215k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£205,000
- SDLT standard£1,600
- SDLT BTL surcharge (5%)£10,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£218,950
Funding
- Deposit (25%)£51,250
- Mortgage (75% LTV)£153,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£65,200
Monthly Returns
- Monthly Rent (estimate)£1,100
- Mortgage Payment (IO)-£673
- Management (10%)-£110
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£217
Capital Returns
- 5yr Property Value£218,245
- 5yr Capital Gain (1.26% pa, historical)+£13,245
- 5yr Cumulative Rent (net, before lease costs)+£55,829
- Less mortgage interest-£40,380
- 5yr Total Return (before lease costs)+£28,694
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 | £207,583 | £53,833 | +£2,604 | +£5,187 | 8.0% |
| Year 2 | £210,199 | £56,449 | +£5,448 | +£10,647 | 16.3% |
| Year 3 | £212,847 | £59,097 | +£8,537 | +£16,384 | 25.1% |
| Year 4 | £215,529 | £61,779 | +£11,865 | +£22,394 | 34.3% |
| Year 5 | £218,245 | £64,495 | +£15,449 | +£28,694 | 44.0% |
Modelled on the live asking price. Capital growth 1.26% a year is the CH1 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 (£65,200).
Price Forecast
No forecast available.