Bungalow, Harwins Farm, The Pingle, Upwell, Wisbech, PE14 9BN
Estimate of £276k for this detached bungalow. 229 sales in PE14 in the last 12 months; median £270k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£280,000
- SDLT standard£4,000
- SDLT BTL surcharge (5%)£14,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£300,100
Funding
- Deposit (25%)£70,000
- Mortgage (75% LTV)£210,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£90,100
Monthly Returns
- Monthly Rent (estimate)£950
- Mortgage Payment (IO)-£919
- Management (10%)-£95
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£164
Capital Returns
- 5yr Property Value£301,491
- 5yr Capital Gain (1.49% pa, historical)+£21,491
- 5yr Cumulative Rent (net)+£47,386
- Less mortgage interest-£55,140
- 5yr Total Return+£13,737
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 | £284,172 | £74,172 | -£1,968 | +£2,204 | 2.4% |
| Year 2 | £288,406 | £78,406 | -£3,732 | +£4,674 | 5.2% |
| Year 3 | £292,703 | £82,703 | -£5,287 | +£7,416 | 8.2% |
| Year 4 | £297,065 | £87,065 | -£6,630 | +£10,435 | 11.6% |
| Year 5 | £301,491 | £91,491 | -£7,754 | +£13,737 | 15.2% |
Modelled on the live asking price. Capital growth 1.49% a year is the PE14 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 (£90,100).
Price Forecast
No forecast available.