31 School Road, Hastings, TN35 5AZ
Estimate of £222k for this mid terrace house. 186 sales in TN35 in the last 12 months; median £310k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£220,000
- SDLT standard£1,900
- SDLT BTL surcharge (5%)£11,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£235,000
Funding
- Deposit (25%)£55,000
- Mortgage (75% LTV)£165,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£70,000
Monthly Returns
- Monthly Rent (estimate)£1,150
- Mortgage Payment (IO)-£722
- Management (10%)-£115
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£213
Capital Returns
- 5yr Property Value£233,867
- 5yr Capital Gain (1.23% pa, historical)+£13,867
- 5yr Cumulative Rent (net)+£58,640
- Less mortgage interest-£43,320
- 5yr Total Return+£29,187
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 | £222,706 | £57,706 | +£2,556 | +£5,262 | 7.5% |
| Year 2 | £225,445 | £60,445 | +£5,364 | +£10,809 | 15.4% |
| Year 3 | £228,218 | £63,218 | +£8,418 | +£16,636 | 23.8% |
| Year 4 | £231,025 | £66,025 | +£11,734 | +£22,760 | 32.5% |
| Year 5 | £233,867 | £68,867 | +£15,320 | +£29,187 | 41.7% |
Modelled on the live asking price. Capital growth 1.23% a year is the TN35 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 (£70,000).
Price Forecast
No forecast available.