58 Lincoln Street, Worksop, S80 2LX
Estimate of £115k for this property. 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
- Asking Price£130,000
- SDLT standard£100
- SDLT BTL surcharge (5%)£6,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£138,700
Funding
- Deposit (25%)£32,500
- Mortgage (75% LTV)£97,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£41,200
Monthly Returns
- Monthly Rent (estimate)£700
- Mortgage Payment (IO)-£427
- Management (10%)-£70
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£103
Capital Returns
- 5yr Property Value£144,447
- 5yr Capital Gain (2.13% pa, historical)+£14,447
- 5yr Cumulative Rent (net, before lease costs)+£33,346
- Less mortgage interest-£25,620
- 5yr Total Return (before lease costs)+£22,173
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 | £132,769 | £35,269 | +£1,236 | +£4,005 | 9.7% |
| Year 2 | £135,597 | £38,097 | +£2,628 | +£8,225 | 20.0% |
| Year 3 | £138,485 | £40,985 | +£4,167 | +£12,653 | 30.7% |
| Year 4 | £141,435 | £43,935 | +£5,870 | +£17,304 | 42.0% |
| Year 5 | £144,447 | £46,947 | +£7,726 | +£22,173 | 53.8% |
Modelled on the live asking price. 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 (£41,200).
Price Forecast
No forecast available.