Apartment 10, East Timber Yard, 118 Pershore Street, Birmingham, B5 6PA
Estimate of £201k for this flat/maisonette. 100 sales in B5 in the last 12 months; median £215k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£201,000
- SDLT standard£1,520
- SDLT BTL surcharge (5%)£10,050
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£214,670
Funding
- Deposit (25%)£50,250
- Mortgage (75% LTV)£150,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£63,920
Monthly Returns
- Monthly Rent (estimate)£1,100
- Mortgage Payment (IO)-£660
- Management (10%)-£110
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£230
Capital Returns
- 5yr Property Value£176,013
- 5yr Capital Gain (-2.62% pa, historical)-£24,987
- 5yr Cumulative Rent (net, before lease costs)+£55,829
- Less mortgage interest-£39,600
- 5yr Total Return (before lease costs)-£8,758
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £195,734 | £44,984 | +£2,760 | -£2,506 | -3.9% |
| Year 2 | £190,606 | £39,856 | +£5,760 | -£4,634 | -7.3% |
| Year 3 | £185,612 | £34,862 | +£9,005 | -£6,383 | -10.0% |
| Year 4 | £180,749 | £29,999 | +£12,489 | -£7,762 | -12.1% |
| Year 5 | £176,013 | £25,263 | +£16,229 | -£8,758 | -13.7% |
Modelled on the estimated value: the property is not on the market. Capital growth -2.62% a year is the B5 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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£63,920).
Price Forecast
No forecast available.