46 The Meadows, Herne Bay, CT6 7XF
Estimate of £229k for this mid terrace house. 439 sales in CT6 in the last 12 months; median £326k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£229,995
- SDLT standard£2,100
- SDLT BTL surcharge (5%)£11,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£245,695
Funding
- Deposit (25%)£57,499
- Mortgage (75% LTV)£172,496
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£73,199
Monthly Returns
- Monthly Rent (estimate)£1,000
- Mortgage Payment (IO)-£755
- Management (10%)-£100
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£45
Capital Returns
- 5yr Property Value£230,686
- 5yr Capital Gain (0.06% pa, historical)+£691
- 5yr Cumulative Rent (net)+£50,208
- Less mortgage interest-£45,300
- 5yr Total Return+£5,599
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 | £230,133 | £57,637 | +£540 | +£678 | 0.9% |
| Year 2 | £230,271 | £57,775 | +£1,296 | +£1,572 | 2.1% |
| Year 3 | £230,409 | £57,913 | +£2,273 | +£2,687 | 3.7% |
| Year 4 | £230,547 | £58,051 | +£3,475 | +£4,028 | 5.5% |
| Year 5 | £230,686 | £58,190 | +£4,908 | +£5,599 | 7.6% |
Modelled on the live asking price. Capital growth 0.06% a year is the CT6 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 (£73,199).
Price Forecast
No forecast available.