4 Ocean Gate, Berry Head Road, Brixham, TQ5 9AA
Estimate of £316k for this end terrace house. 234 sales in TQ5 in the last 12 months; median £274k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£429,000
- SDLT standard£11,450
- SDLT BTL surcharge (5%)£21,450
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£464,000
Funding
- Deposit (25%)£107,250
- Mortgage (75% LTV)£321,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£142,250
Monthly Returns
- Monthly Rent (estimate)£1,300
- Mortgage Payment (IO)-£1,408
- Management (10%)-£130
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£338
Capital Returns
- 5yr Property Value£437,867
- 5yr Capital Gain (0.41% pa, historical)+£8,867
- 5yr Cumulative Rent (net, before lease costs)+£67,059
- Less mortgage interest-£84,480
- 5yr Total Return (before lease costs)-£8,554
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 | £430,759 | £109,009 | -£4,056 | -£2,297 | -1.6% |
| Year 2 | £432,525 | £110,775 | -£7,836 | -£4,311 | -3.0% |
| Year 3 | £434,298 | £112,548 | -£11,322 | -£6,023 | -4.2% |
| Year 4 | £436,079 | £114,329 | -£14,519 | -£7,440 | -5.2% |
| Year 5 | £437,867 | £116,117 | -£17,421 | -£8,554 | -6.0% |
Modelled on the live asking price. Capital growth 0.41% a year is the TQ5 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 (£142,250).
Price Forecast
No forecast available.