50 Properties 50 to 70 Pelham Street, Pelham Street, Worksop, S80 2TS
Estimate of £94k for this flat/maisonette. 343 sales in S80 in the last 12 months; median £150k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£94,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£4,700
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£100,800
Funding
- Deposit (25%)£23,500
- Mortgage (75% LTV)£70,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£30,300
Monthly Returns
- Monthly Rent (estimate)£450
- Mortgage Payment (IO)-£308
- Management (10%)-£45
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£3
Capital Returns
- 5yr Property Value£104,447
- 5yr Capital Gain (2.13% pa, historical)+£10,447
- 5yr Cumulative Rent (net, before lease costs)+£19,282
- Less mortgage interest-£18,480
- 5yr Total Return (before lease costs)+£11,248
Modelled on the estimated value: the property is not on the market. 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 | £96,002 | £25,502 | -£36 | +£1,966 | 6.5% |
| Year 2 | £98,047 | £27,547 | +£24 | +£4,071 | 13.4% |
| Year 3 | £100,135 | £29,635 | +£182 | +£6,318 | 20.9% |
| Year 4 | £102,268 | £31,768 | +£441 | +£8,709 | 28.7% |
| Year 5 | £104,447 | £33,947 | +£802 | +£11,248 | 37.1% |
Modelled on the estimated value: the property is not on the market. Capital growth 2.13% a year is the S80 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 (£30,300).
Price Forecast
No forecast available.