28 Collingwood Court, Washington, NE37 3EB
Estimate of £30k for this flat/maisonette. 206 sales in NE37 in the last 12 months; median £125k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£30,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£32,100
Funding
- Deposit (25%)£7,500
- Mortgage (75% LTV)£22,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£9,600
Monthly Returns
- Monthly Rent (estimate)£250
- Mortgage Payment (IO)-£98
- Management (10%)-£25
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£27
Capital Returns
- 5yr Property Value£32,606
- 5yr Capital Gain (1.68% pa, historical)+£2,606
- 5yr Cumulative Rent (net, before lease costs)+£8,040
- Less mortgage interest-£5,880
- 5yr Total Return (before lease costs)+£4,766
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 | £30,504 | £8,004 | +£324 | +£828 | 8.6% |
| Year 2 | £31,016 | £8,516 | +£696 | +£1,712 | 17.8% |
| Year 3 | £31,538 | £9,038 | +£1,129 | +£2,667 | 27.8% |
| Year 4 | £32,067 | £9,567 | +£1,613 | +£3,680 | 38.3% |
| Year 5 | £32,606 | £10,106 | +£2,160 | +£4,766 | 49.6% |
Modelled on the live asking price. Capital growth 1.68% a year is the NE37 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 (£9,600).
Price Forecast
No forecast available.