47A Commercial Street, Crook, DL15 9HR
Estimate of £45k for this flat/maisonette. 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£35,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£37,100
Funding
- Deposit (25%)£8,750
- Mortgage (75% LTV)£26,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£10,850
Monthly Returns
- Monthly Rent (estimate)£250
- Mortgage Payment (IO)-£115
- Management (10%)-£25
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£10
Capital Returns
- 5yr Property Value£36,676
- 5yr Capital Gain (0.94% pa, historical)+£1,676
- 5yr Cumulative Rent (net, before lease costs)+£8,040
- Less mortgage interest-£6,900
- 5yr Total Return (before lease costs)+£2,816
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 | £35,329 | £9,079 | +£120 | +£449 | 4.1% |
| Year 2 | £35,661 | £9,411 | +£288 | +£949 | 8.7% |
| Year 3 | £35,996 | £9,746 | +£517 | +£1,514 | 13.9% |
| Year 4 | £36,335 | £10,085 | +£797 | +£2,131 | 19.6% |
| Year 5 | £36,676 | £10,426 | +£1,140 | +£2,816 | 26.0% |
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£10,850).
Price Forecast
No forecast available.