22 Properties 22 to 40 Eagle Place, Eagle Place, Retford, DN22 6QZ
Estimate of £120k for this flat/maisonette. 410 sales in DN22 in the last 12 months; median £205k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£120,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£6,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£128,100
Funding
- Deposit (25%)£30,000
- Mortgage (75% LTV)£90,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£38,100
Monthly Returns
- Monthly Rent (estimate)£550
- Mortgage Payment (IO)-£394
- Management (10%)-£55
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£1
Capital Returns
- 5yr Property Value£129,465
- 5yr Capital Gain (1.53% pa, historical)+£9,465
- 5yr Cumulative Rent (net, before lease costs)+£24,915
- Less mortgage interest-£23,640
- 5yr Total Return (before lease costs)+£10,740
Modelled on the estimated value: the property is not on the market. 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 | £121,836 | £31,836 | +£12 | +£1,848 | 4.9% |
| Year 2 | £123,700 | £33,700 | +£144 | +£3,844 | 10.1% |
| Year 3 | £125,593 | £35,593 | +£399 | +£5,991 | 15.7% |
| Year 4 | £127,514 | £37,514 | +£779 | +£8,293 | 21.8% |
| Year 5 | £129,465 | £39,465 | +£1,275 | +£10,740 | 28.2% |
Modelled on the estimated value: the property is not on the market. Capital growth 1.53% a year is the DN22 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 (£38,100).
Price Forecast
No forecast available.