64 Chester Burn Close, Pelton Fell, Chester le Street, DH2 2NZ
Estimate of £218k for this detached 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£220,000
- SDLT standard£1,900
- SDLT BTL surcharge (5%)£11,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£235,000
Funding
- Deposit (25%)£55,000
- Mortgage (75% LTV)£165,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£70,000
Monthly Returns
- Monthly Rent (estimate)£1,050
- Mortgage Payment (IO)-£722
- Management (10%)-£105
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£123
Capital Returns
- 5yr Property Value£233,290
- 5yr Capital Gain (1.18% pa, historical)+£13,290
- 5yr Cumulative Rent (net)+£53,019
- Less mortgage interest-£43,320
- 5yr Total Return+£22,989
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 | £222,596 | £57,596 | +£1,476 | +£4,072 | 5.8% |
| Year 2 | £225,223 | £60,223 | +£3,180 | +£8,403 | 12.0% |
| Year 3 | £227,880 | £62,880 | +£5,117 | +£12,997 | 18.6% |
| Year 4 | £230,569 | £65,569 | +£7,292 | +£17,862 | 25.5% |
| Year 5 | £233,290 | £68,290 | +£9,699 | +£22,989 | 32.8% |
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 (£70,000).
Price Forecast
No forecast available.