66 Charles Close, Wroxham, Norwich, NR12 8TT
Estimate of £696k for this detached house. 225 sales in NR12 in the last 12 months; median £300k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£700,000
- SDLT standard£25,000
- SDLT BTL surcharge (5%)£35,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£762,100
Funding
- Deposit (25%)£175,000
- Mortgage (75% LTV)£525,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£237,100
Monthly Returns
- Monthly Rent (estimate)£2,250
- Mortgage Payment (IO)-£2,297
- Management (10%)-£225
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£372
Capital Returns
- 5yr Property Value£700,000
- 5yr Capital Gain (0.00% pa, historical)+£0
- 5yr Cumulative Rent (net)+£120,445
- Less mortgage interest-£137,820
- 5yr Total Return-£17,375
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 | £700,000 | £175,000 | -£4,464 | -£4,464 | -1.9% |
| Year 2 | £700,000 | £175,000 | -£8,448 | -£8,448 | -3.6% |
| Year 3 | £700,000 | £175,000 | -£11,929 | -£11,929 | -5.0% |
| Year 4 | £700,000 | £175,000 | -£14,909 | -£14,909 | -6.3% |
| Year 5 | £700,000 | £175,000 | -£17,375 | -£17,375 | -7.3% |
Modelled on the live asking price. Capital growth 0.00% a year is the NR12 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 (£237,100).
Price Forecast
No forecast available.