Flat 19, Nelson Court, Glen View, Gravesend, DA12 1PL
Estimate of £110k for this flat/maisonette. 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£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)£650
- Mortgage Payment (IO)-£82
- Management (10%)-£65
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£403
Capital Returns
- 5yr Property Value£27,643
- 5yr Capital Gain (2.03% pa, historical)+£2,643
- 5yr Cumulative Rent (net, before lease costs)+£30,536
- Less mortgage interest-£4,920
- 5yr Total Return (before lease costs)+£28,258
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 | £25,508 | £6,758 | +£4,836 | +£5,344 | 64.0% |
| Year 2 | £26,025 | £7,275 | +£9,816 | +£10,841 | 129.8% |
| Year 3 | £26,554 | £7,804 | +£14,931 | +£16,485 | 197.4% |
| Year 4 | £27,093 | £8,343 | +£20,197 | +£22,289 | 266.9% |
| Year 5 | £27,643 | £8,893 | +£25,616 | +£28,258 | 338.4% |
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. 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.