29 North Street, Ferryhill, DL17 8HX
Estimate of £115k for this end terrace house. 251 sales in DL17 in the last 12 months; median £84k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£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)£950
- Mortgage Payment (IO)-£394
- Management (10%)-£95
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£361
Capital Returns
- 5yr Property Value£173,803
- 5yr Capital Gain (7.69% pa, historical)+£53,803
- 5yr Cumulative Rent (net)+£47,386
- Less mortgage interest-£23,640
- 5yr Total Return+£77,549
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 | £129,228 | £39,228 | +£4,332 | +£13,560 | 35.6% |
| Year 2 | £139,166 | £49,166 | +£8,868 | +£28,034 | 73.6% |
| Year 3 | £149,867 | £59,867 | +£13,613 | +£43,480 | 114.1% |
| Year 4 | £161,392 | £71,392 | +£18,570 | +£59,963 | 157.4% |
| Year 5 | £173,803 | £83,803 | +£23,746 | +£77,549 | 203.5% |
Modelled on the live asking price. Capital growth 7.69% a year is the DL17 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 (£38,100).
Price Forecast
No forecast available.