72 Thomas Middlecott Drive, Kirton, Boston, PE20 1HU
Estimate of £338k for this detached house. 164 sales in PE20 in the last 12 months; median £244k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£340,000
- SDLT standard£7,000
- SDLT BTL surcharge (5%)£17,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£366,100
Funding
- Deposit (25%)£85,000
- Mortgage (75% LTV)£255,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£111,100
Monthly Returns
- Monthly Rent (estimate)£1,250
- Mortgage Payment (IO)-£1,116
- Management (10%)-£125
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£91
Capital Returns
- 5yr Property Value£404,594
- 5yr Capital Gain (3.54% pa, historical)+£64,594
- 5yr Cumulative Rent (net)+£64,249
- Less mortgage interest-£66,960
- 5yr Total Return+£61,883
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 | £352,036 | £97,036 | -£1,092 | +£10,944 | 9.9% |
| Year 2 | £364,498 | £109,498 | -£1,920 | +£22,578 | 20.3% |
| Year 3 | £377,401 | £122,401 | -£2,466 | +£34,935 | 31.4% |
| Year 4 | £390,761 | £135,761 | -£2,736 | +£48,025 | 43.2% |
| Year 5 | £404,594 | £149,594 | -£2,711 | +£61,883 | 55.7% |
Modelled on the live asking price. Capital growth 3.54% a year is the PE20 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 (£111,100).
Price Forecast
No forecast available.