21 Manorcombe Bungalows, Honicombe Park, St Anns Chapel, PL17 8NS
Estimate of £31k for this semi-detached bungalow. 122 sales in PL17 in the last 12 months; median £261k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£71,500
- SDLT standard£0
- SDLT BTL surcharge (5%)£3,575
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£77,175
Funding
- Deposit (25%)£17,875
- Mortgage (75% LTV)£53,625
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£23,550
Monthly Returns
- Monthly Rent (estimate)£100
- Mortgage Payment (IO)-£235
- Management (10%)-£10
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£245
Capital Returns
- 5yr Property Value£71,858
- 5yr Capital Gain (0.10% pa, historical)+£358
- 5yr Cumulative Rent (net, before lease costs)-£379
- Less mortgage interest-£14,100
- 5yr Total Return (before lease costs)-£14,121
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 | £71,571 | £17,946 | -£2,940 | -£2,869 | -12.2% |
| Year 2 | £71,643 | £18,018 | -£5,856 | -£5,713 | -24.3% |
| Year 3 | £71,715 | £18,090 | -£8,748 | -£8,533 | -36.2% |
| Year 4 | £71,786 | £18,161 | -£11,626 | -£11,340 | -48.2% |
| Year 5 | £71,858 | £18,233 | -£14,479 | -£14,121 | -60.0% |
Modelled on the live asking price. Capital growth 0.10% a year is the PL17 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 (£23,550).
Price Forecast
No forecast available.