50 West Street, Grange Villa, Chester le Street, DH2 3LW
Estimate of £48k for this mid terrace house. 347 sales in DH2 in the last 12 months; median £140k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£49,500
- SDLT standard£0
- SDLT BTL surcharge (5%)£2,475
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£54,075
Funding
- Deposit (25%)£12,375
- Mortgage (75% LTV)£37,125
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£16,950
Monthly Returns
- Monthly Rent (estimate)£350
- Mortgage Payment (IO)-£162
- Management (10%)-£35
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£53
Capital Returns
- 5yr Property Value£52,490
- 5yr Capital Gain (1.18% pa, historical)+£2,990
- 5yr Cumulative Rent (net)+£13,673
- Less mortgage interest-£9,720
- 5yr Total Return+£6,943
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 | £50,084 | £12,959 | +£636 | +£1,220 | 7.2% |
| Year 2 | £50,675 | £13,550 | +£1,344 | +£2,519 | 14.9% |
| Year 3 | £51,273 | £14,148 | +£2,138 | +£3,911 | 23.1% |
| Year 4 | £51,878 | £14,753 | +£3,007 | +£5,385 | 31.8% |
| Year 5 | £52,490 | £15,365 | +£3,953 | +£6,943 | 41.0% |
Modelled on the live asking price. Capital growth 1.18% a year is the DH2 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 (£16,950).
Price Forecast
No forecast available.