Flat 1, Canal Building, 135 Shepherdess Walk, London, N1 7RR
Estimate of £1.13M for this converted flat. 636 sales in N1 in the last 12 months; median £637k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£750,000
- SDLT standard£27,500
- SDLT BTL surcharge (5%)£37,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£817,100
Funding
- Deposit (25%)£187,500
- Mortgage (75% LTV)£562,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£254,600
Monthly Returns
- Monthly Rent (estimate)£5,650
- Mortgage Payment (IO)-£2,461
- Management (10%)-£565
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£2,524
Capital Returns
- 5yr Property Value£712,522
- 5yr Capital Gain (-1.02% pa, historical)-£37,478
- 5yr Cumulative Rent (net, before lease costs)+£311,542
- Less mortgage interest-£147,660
- 5yr Total Return (before lease costs)+£126,404
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 | £742,350 | £179,850 | +£30,288 | +£22,638 | 8.9% |
| Year 2 | £734,778 | £172,278 | +£61,800 | +£46,578 | 18.3% |
| Year 3 | £727,283 | £164,783 | +£94,551 | +£71,834 | 28.2% |
| Year 4 | £719,865 | £157,365 | +£128,569 | +£98,434 | 38.7% |
| Year 5 | £712,522 | £150,022 | +£163,882 | +£126,404 | 49.6% |
Modelled on the live asking price. Capital growth -1.02% a year is the N1 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 (£254,600).
Price Forecast
No forecast available.