53 Neville Court, Washington, NE37 3DY
Estimate of £37k 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£37,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£39,100
Funding
- Deposit (25%)£9,250
- Mortgage (75% LTV)£27,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£11,350
Monthly Returns
- Monthly Rent (estimate)£300
- Mortgage Payment (IO)-£121
- Management (10%)-£30
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£49
Capital Returns
- 5yr Property Value£40,214
- 5yr Capital Gain (1.68% pa, historical)+£3,214
- 5yr Cumulative Rent (net, before lease costs)+£10,863
- Less mortgage interest-£7,260
- 5yr Total Return (before lease costs)+£6,817
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 | £37,622 | £9,872 | +£588 | +£1,210 | 10.7% |
| Year 2 | £38,254 | £10,504 | +£1,236 | +£2,490 | 21.9% |
| Year 3 | £38,896 | £11,146 | +£1,957 | +£3,854 | 34.0% |
| Year 4 | £39,550 | £11,800 | +£2,742 | +£5,292 | 46.6% |
| Year 5 | £40,214 | £12,464 | +£3,603 | +£6,817 | 60.1% |
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 (£11,350).
Price Forecast
No forecast available.