Flat 1, 67 Church Street, Hartlepool, TS24 7DN
Estimate of £22k for this flat/maisonette. 219 sales in TS24 in the last 12 months; median £86k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£20,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£22,100
Funding
- Deposit (25%)£5,000
- Mortgage (75% LTV)£15,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£7,100
Monthly Returns
- Monthly Rent (estimate)£150
- Mortgage Payment (IO)-£66
- Management (10%)-£15
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£31
Capital Returns
- 5yr Property Value£20,720
- 5yr Capital Gain (0.71% pa, historical)+£720
- 5yr Cumulative Rent (net, before lease costs)+£2,431
- Less mortgage interest-£3,960
- 5yr Total Return (before lease costs)-£809
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 | £20,142 | £5,142 | -£372 | -£230 | -3.2% |
| Year 2 | £20,285 | £5,285 | -£708 | -£423 | -6.0% |
| Year 3 | £20,429 | £5,429 | -£1,019 | -£590 | -8.3% |
| Year 4 | £20,574 | £5,574 | -£1,293 | -£719 | -10.1% |
| Year 5 | £20,720 | £5,720 | -£1,529 | -£809 | -11.4% |
Modelled on the live asking price. Capital growth 0.71% a year is the TS24 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 (£7,100).
Price Forecast
No forecast available.