21 Patricia Road, Norwich, NR1 2PE
Estimate of £168k for this flat/maisonette. 350 sales in NR1 in the last 12 months; median £209k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£20,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£22,100
Funding
- Deposit (25%)£5,000
- Mortgage (75% LTV)£15,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£7,100
Monthly Returns
- Monthly Rent (estimate)£950
- Mortgage Payment (IO)-£66
- Management (10%)-£95
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£689
Capital Returns
- 5yr Property Value£19,900
- 5yr Capital Gain (-0.10% pa, historical)-£100
- 5yr Cumulative Rent (net, before lease costs)+£47,386
- Less mortgage interest-£3,960
- 5yr Total Return (before lease costs)+£43,326
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. 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 | £19,980 | £4,980 | +£8,268 | +£8,248 | 116.2% |
| Year 2 | £19,960 | £4,960 | +£16,740 | +£16,700 | 235.2% |
| Year 3 | £19,940 | £4,940 | +£25,421 | +£25,361 | 357.2% |
| Year 4 | £19,920 | £4,920 | +£34,314 | +£34,234 | 482.2% |
| Year 5 | £19,900 | £4,900 | +£43,426 | +£43,326 | 610.2% |
Modelled on the live asking price. Capital growth -0.10% a year is the NR1 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 (£7,100).
Price Forecast
No forecast available.