Church Hill Nurseries, 25 Yarmouth Road, Ormesby, Great Yarmouth, NR29 3QE
Estimate of £352k for this detached house. 281 sales in NR29 in the last 12 months; median £245k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£350,000
- SDLT standard£7,500
- SDLT BTL surcharge (5%)£17,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£377,100
Funding
- Deposit (25%)£87,500
- Mortgage (75% LTV)£262,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£114,600
Monthly Returns
- Monthly Rent (estimate)£1,400
- Mortgage Payment (IO)-£1,148
- Management (10%)-£140
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£12
Capital Returns
- 5yr Property Value£372,797
- 5yr Capital Gain (1.27% pa, historical)+£22,797
- 5yr Cumulative Rent (net)+£72,668
- Less mortgage interest-£68,880
- 5yr Total Return+£26,585
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 | £354,445 | £91,945 | +£144 | +£4,589 | 4.0% |
| Year 2 | £358,946 | £96,446 | +£588 | +£9,534 | 8.3% |
| Year 3 | £363,505 | £101,005 | +£1,339 | +£14,844 | 13.0% |
| Year 4 | £368,122 | £105,622 | +£2,403 | +£20,525 | 17.9% |
| Year 5 | £372,797 | £110,297 | +£3,788 | +£26,585 | 23.2% |
Modelled on the live asking price. Capital growth 1.27% a year is the NR29 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 (£114,600).
Price Forecast
No forecast available.