3 Becks Row, Nethergate Street, Harpley, King's Lynn, PE31 6TW
Estimate of £241k for this mid terrace house. 257 sales in PE31 in the last 12 months; median £325k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£200,000
- SDLT standard£1,500
- SDLT BTL surcharge (5%)£10,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£213,600
Funding
- Deposit (25%)£50,000
- Mortgage (75% LTV)£150,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£63,600
Monthly Returns
- Monthly Rent (estimate)£900
- Mortgage Payment (IO)-£656
- Management (10%)-£90
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£54
Capital Returns
- 5yr Property Value£209,682
- 5yr Capital Gain (0.95% pa, historical)+£9,682
- 5yr Cumulative Rent (net)+£44,576
- Less mortgage interest-£39,360
- 5yr Total Return+£14,898
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 | £201,900 | £51,900 | +£648 | +£2,548 | 4.0% |
| Year 2 | £203,818 | £53,818 | +£1,488 | +£5,306 | 8.3% |
| Year 3 | £205,754 | £55,754 | +£2,524 | +£8,279 | 13.0% |
| Year 4 | £207,709 | £57,709 | +£3,761 | +£11,470 | 18.0% |
| Year 5 | £209,682 | £59,682 | +£5,216 | +£14,898 | 23.4% |
Modelled on the live asking price. Capital growth 0.95% a year is the PE31 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 (£63,600).
Price Forecast
No forecast available.