2501 Bridgewater Place, Water Lane, Leeds, LS11 5QB
Estimate of £96k for this purpose built flat. 278 sales in LS11 in the last 12 months; median £145k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£96,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£4,800
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£102,900
Funding
- Deposit (25%)£24,000
- Mortgage (75% LTV)£72,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£30,900
Monthly Returns
- Monthly Rent (estimate)£550
- Mortgage Payment (IO)-£315
- Management (10%)-£55
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£80
Capital Returns
- 5yr Property Value£121,071
- 5yr Capital Gain (4.75% pa, historical)+£25,071
- 5yr Cumulative Rent (net, before lease costs)+£24,915
- Less mortgage interest-£18,900
- 5yr Total Return (before lease costs)+£31,086
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 | £100,560 | £28,560 | +£960 | +£5,520 | 17.9% |
| Year 2 | £105,337 | £33,337 | +£2,040 | +£11,377 | 36.8% |
| Year 3 | £110,340 | £38,340 | +£3,243 | +£17,583 | 56.9% |
| Year 4 | £115,581 | £43,581 | +£4,571 | +£24,152 | 78.2% |
| Year 5 | £121,071 | £49,071 | +£6,015 | +£31,086 | 100.6% |
Modelled on the estimated value: the property is not on the market. Capital growth 4.75% a year is the LS11 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 (£30,900).
Price Forecast
No forecast available.