22 Cookson Gardens, Hastings, TN35 5QH
Estimate of £249k for this mid terrace house. 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£250,000
- SDLT standard£2,500
- SDLT BTL surcharge (5%)£12,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£267,100
Funding
- Deposit (25%)£62,500
- Mortgage (75% LTV)£187,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£79,600
Monthly Returns
- Monthly Rent (estimate)£1,300
- Mortgage Payment (IO)-£820
- Management (10%)-£130
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£250
Capital Returns
- 5yr Property Value£265,758
- 5yr Capital Gain (1.23% pa, historical)+£15,758
- 5yr Cumulative Rent (net)+£67,059
- Less mortgage interest-£49,200
- 5yr Total Return+£33,617
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 | £253,075 | £65,575 | +£3,000 | +£6,075 | 7.6% |
| Year 2 | £256,188 | £68,688 | +£6,276 | +£12,464 | 15.7% |
| Year 3 | £259,339 | £71,839 | +£9,846 | +£19,185 | 24.1% |
| Year 4 | £262,529 | £75,029 | +£13,705 | +£26,234 | 33.0% |
| Year 5 | £265,758 | £78,258 | +£17,859 | +£33,617 | 42.2% |
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 (£79,600).
Price Forecast
No forecast available.