51 Kenilworth Court, Washington, NE37 3EA
Estimate of £35k for this flat/maisonette. 206 sales in NE37 in the last 12 months; median £125k.
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)£300
- Mortgage Payment (IO)-£115
- Management (10%)-£30
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£55
Capital Returns
- 5yr Property Value£38,040
- 5yr Capital Gain (1.68% pa, historical)+£3,040
- 5yr Cumulative Rent (net, before lease costs)+£10,863
- Less mortgage interest-£6,900
- 5yr Total Return (before lease costs)+£7,003
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 | £35,588 | £9,338 | +£660 | +£1,248 | 11.5% |
| Year 2 | £36,186 | £9,936 | +£1,380 | +£2,566 | 23.6% |
| Year 3 | £36,794 | £10,544 | +£2,173 | +£3,967 | 36.6% |
| Year 4 | £37,412 | £11,162 | +£3,030 | +£5,442 | 50.2% |
| Year 5 | £38,040 | £11,790 | +£3,963 | +£7,003 | 64.5% |
Modelled on the live asking price. Capital growth 1.68% a year is the NE37 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.