8 Pole Hole Farm, Pye Corner, Gilston, Harlow, CM20 2RP
Estimate of £298k for this detached bungalow. 189 sales in CM20 in the last 12 months; median £325k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£300,000
- SDLT standard£5,000
- SDLT BTL surcharge (5%)£15,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£322,100
Funding
- Deposit (25%)£75,000
- Mortgage (75% LTV)£225,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£97,100
Monthly Returns
- Monthly Rent (estimate)£1,500
- Mortgage Payment (IO)-£984
- Management (10%)-£150
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£266
Capital Returns
- 5yr Property Value£356,823
- 5yr Capital Gain (3.53% pa, historical)+£56,823
- 5yr Cumulative Rent (net)+£78,313
- Less mortgage interest-£59,040
- 5yr Total Return+£76,095
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 | £310,590 | £85,590 | +£3,192 | +£13,782 | 14.2% |
| Year 2 | £321,554 | £96,554 | +£6,708 | +£28,262 | 29.1% |
| Year 3 | £332,905 | £107,905 | +£10,555 | +£43,460 | 44.8% |
| Year 4 | £344,656 | £119,656 | +£14,741 | +£59,397 | 61.2% |
| Year 5 | £356,823 | £131,823 | +£19,273 | +£76,095 | 78.4% |
Modelled on the live asking price. Capital growth 3.53% a year is the CM20 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 (£97,100).
Price Forecast
No forecast available.