3 Sunnydene Meadows, Howden le Wear, Crook, DL15 8GH
Estimate of £277k for this detached house. 263 sales in DL15 in the last 12 months; median £110k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£280,000
- SDLT standard£4,000
- SDLT BTL surcharge (5%)£14,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£300,100
Funding
- Deposit (25%)£70,000
- Mortgage (75% LTV)£210,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£90,100
Monthly Returns
- Monthly Rent (estimate)£1,050
- Mortgage Payment (IO)-£919
- Management (10%)-£105
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£74
Capital Returns
- 5yr Property Value£293,410
- 5yr Capital Gain (0.94% pa, historical)+£13,410
- 5yr Cumulative Rent (net)+£53,019
- Less mortgage interest-£55,140
- 5yr Total Return+£11,289
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 | £282,632 | £72,632 | -£888 | +£1,744 | 1.9% |
| Year 2 | £285,289 | £75,289 | -£1,548 | +£3,741 | 4.2% |
| Year 3 | £287,970 | £77,970 | -£1,975 | +£5,995 | 6.7% |
| Year 4 | £290,677 | £80,677 | -£2,164 | +£8,514 | 9.4% |
| Year 5 | £293,410 | £83,410 | -£2,121 | +£11,289 | 12.5% |
Modelled on the live asking price. Capital growth 0.94% a year is the DL15 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 (£90,100).
Price Forecast
No forecast available.