Caravan 94, Spindlewood Country Holiday Park, Rock Lane, Hastings, TN35 4JN
Estimate of £166k for this property. 186 sales in TN35 in the last 12 months; median £310k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£97,950
- SDLT standard£0
- SDLT BTL surcharge (5%)£4,898
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£104,948
Funding
- Deposit (25%)£24,488
- Mortgage (75% LTV)£73,462
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£31,486
Monthly Returns
- Monthly Rent (estimate)£600
- Mortgage Payment (IO)-£321
- Management (10%)-£60
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£119
Capital Returns
- 5yr Property Value£104,124
- 5yr Capital Gain (1.23% pa, historical)+£6,174
- 5yr Cumulative Rent (net, before lease costs)+£27,725
- Less mortgage interest-£19,260
- 5yr Total Return (before lease costs)+£14,639
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. 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 | £99,155 | £25,692 | +£1,428 | +£2,633 | 8.4% |
| Year 2 | £100,374 | £26,912 | +£2,988 | +£5,412 | 17.2% |
| Year 3 | £101,609 | £28,146 | +£4,683 | +£8,342 | 26.5% |
| Year 4 | £102,859 | £29,396 | +£6,504 | +£11,412 | 36.2% |
| Year 5 | £104,124 | £30,661 | +£8,465 | +£14,639 | 46.5% |
Modelled on the live asking price. Capital growth 1.23% a year is the TN35 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 (£31,486).
Price Forecast
No forecast available.