Cheneys Farm, Thong Lane, Shorne, Gravesend, DA12 4AD
Estimate of £2.40M for this detached house. 389 sales in DA12 in the last 12 months; median £335k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£2,400,000
- SDLT standard£201,750
- SDLT BTL surcharge (5%)£120,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£2,723,850
Funding
- Deposit (25%)£600,000
- Mortgage (75% LTV)£1,800,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£923,850
Monthly Returns
- Monthly Rent (estimate)£10,350
- Mortgage Payment (IO)-£7,875
- Management (10%)-£1,035
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£1,340
Capital Returns
- 5yr Property Value£2,653,693
- 5yr Capital Gain (2.03% pa, historical)+£253,693
- 5yr Cumulative Rent (net)+£575,710
- Less mortgage interest-£472,500
- 5yr Total Return+£356,903
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 | £2,448,720 | £648,720 | +£16,080 | +£64,800 | 7.0% |
| Year 2 | £2,498,429 | £698,429 | +£34,392 | +£132,821 | 14.4% |
| Year 3 | £2,549,147 | £749,147 | +£54,986 | +£204,133 | 22.1% |
| Year 4 | £2,600,895 | £800,895 | +£77,912 | +£278,807 | 30.2% |
| Year 5 | £2,653,693 | £853,693 | +£103,210 | +£356,903 | 38.6% |
Modelled on the live asking price. Capital growth 2.03% a year is the DA12 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 (£923,850).
Price Forecast
No forecast available.