Annexe at, Graywood House, Lynn Road, Castle Rising, PE31 6AA
Estimate of £398k for this detached bungalow. 257 sales in PE31 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
- Estimated Value£398,000
- SDLT standard£9,900
- SDLT BTL surcharge (5%)£19,900
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£429,900
Funding
- Deposit (25%)£99,500
- Mortgage (75% LTV)£298,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£131,400
Monthly Returns
- Monthly Rent (estimate)£1,350
- Mortgage Payment (IO)-£1,306
- Management (10%)-£135
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£191
Capital Returns
- 5yr Property Value£417,268
- 5yr Capital Gain (0.95% pa, historical)+£19,268
- 5yr Cumulative Rent (net)+£69,881
- Less mortgage interest-£78,360
- 5yr Total Return+£10,789
Modelled on the estimated value: the property is not on the market. 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 | £401,781 | £103,281 | -£2,292 | +£1,489 | 1.1% |
| Year 2 | £405,598 | £107,098 | -£4,296 | +£3,302 | 2.5% |
| Year 3 | £409,451 | £110,951 | -£5,994 | +£5,458 | 4.2% |
| Year 4 | £413,341 | £114,841 | -£7,390 | +£7,951 | 6.1% |
| Year 5 | £417,268 | £118,768 | -£8,479 | +£10,789 | 8.2% |
Modelled on the estimated value: the property is not on the market. Capital growth 0.95% a year is the PE31 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 (£131,400).
Price Forecast
No forecast available.