Caravan H37, Devon Bay Grange Court, Grange Road, Paignton, TQ4 7JP
Estimate of £123k for this detached house. 295 sales in TQ4 in the last 12 months; median £260k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£25,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£27,100
Funding
- Deposit (25%)£6,250
- Mortgage (75% LTV)£18,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£8,350
Monthly Returns
- Monthly Rent (estimate)£500
- Mortgage Payment (IO)-£82
- Management (10%)-£50
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£268
Capital Returns
- 5yr Property Value£26,747
- 5yr Capital Gain (1.36% pa, historical)+£1,747
- 5yr Cumulative Rent (net, before lease costs)+£22,104
- Less mortgage interest-£4,920
- 5yr Total Return (before lease costs)+£18,931
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 | £25,340 | £6,590 | +£3,216 | +£3,556 | 42.6% |
| Year 2 | £25,685 | £6,935 | +£6,540 | +£7,225 | 86.5% |
| Year 3 | £26,034 | £7,284 | +£9,974 | +£11,008 | 131.8% |
| Year 4 | £26,388 | £7,638 | +£13,522 | +£14,910 | 178.6% |
| Year 5 | £26,747 | £7,997 | +£17,184 | +£18,931 | 226.7% |
Modelled on the live asking price. Capital growth 1.36% a year is the TQ4 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 (£8,350).
Price Forecast
No forecast available.