47 Redbarn Drive, York, YO10 3JD
Estimate of £193k for this purpose built flat. 224 sales in YO10 in the last 12 months; median £291k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£190,000
- SDLT standard£1,300
- SDLT BTL surcharge (5%)£9,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£202,900
Funding
- Deposit (25%)£47,500
- Mortgage (75% LTV)£142,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£60,400
Monthly Returns
- Monthly Rent (estimate)£1,050
- Mortgage Payment (IO)-£623
- Management (10%)-£105
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£222
Capital Returns
- 5yr Property Value£216,862
- 5yr Capital Gain (2.68% pa, historical)+£26,862
- 5yr Cumulative Rent (net, before lease costs)+£53,019
- Less mortgage interest-£37,380
- 5yr Total Return (before lease costs)+£42,501
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 | £195,092 | £52,592 | +£2,664 | +£7,756 | 12.8% |
| Year 2 | £200,320 | £57,820 | +£5,556 | +£15,876 | 26.3% |
| Year 3 | £205,689 | £63,189 | +£8,681 | +£24,370 | 40.3% |
| Year 4 | £211,202 | £68,702 | +£12,044 | +£33,246 | 55.0% |
| Year 5 | £216,862 | £74,362 | +£15,639 | +£42,501 | 70.4% |
Modelled on the live asking price. Capital growth 2.68% a year is the YO10 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 (£60,400).
Price Forecast
No forecast available.