8 Fortescue Road, Exeter, EX2 8LA
Estimate of £291k for this terrace property. 448 sales in EX2 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£290,000
- SDLT standard£4,500
- SDLT BTL surcharge (5%)£14,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£311,100
Funding
- Deposit (25%)£72,500
- Mortgage (75% LTV)£217,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£93,600
Monthly Returns
- Monthly Rent (estimate)£1,200
- Mortgage Payment (IO)-£952
- Management (10%)-£120
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£28
Capital Returns
- 5yr Property Value£302,087
- 5yr Capital Gain (0.82% pa, historical)+£12,087
- 5yr Cumulative Rent (net)+£61,450
- Less mortgage interest-£57,120
- 5yr Total Return+£16,417
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 | £292,378 | £74,878 | +£336 | +£2,714 | 2.9% |
| Year 2 | £294,775 | £77,275 | +£936 | +£5,711 | 6.1% |
| Year 3 | £297,193 | £79,693 | +£1,794 | +£8,986 | 9.6% |
| Year 4 | £299,630 | £82,130 | +£2,927 | +£12,557 | 13.4% |
| Year 5 | £302,087 | £84,587 | +£4,330 | +£16,417 | 17.5% |
Modelled on the live asking price. Capital growth 0.82% a year is the EX2 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 (£93,600).
Price Forecast
No forecast available.