Flat 25, Naventis Court, Singleton Street, Blackpool, FY1 5AX
Estimate of £57k for this flat/maisonette. 415 sales in FY1 in the last 12 months; median £97k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£38,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£40,100
Funding
- Deposit (25%)£9,500
- Mortgage (75% LTV)£28,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£11,600
Monthly Returns
- Monthly Rent (estimate)£300
- Mortgage Payment (IO)-£125
- Management (10%)-£30
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£45
Capital Returns
- 5yr Property Value£40,957
- 5yr Capital Gain (1.51% pa, historical)+£2,957
- 5yr Cumulative Rent (net, before lease costs)+£10,863
- Less mortgage interest-£7,500
- 5yr Total Return (before lease costs)+£6,320
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 | £38,574 | £10,074 | +£540 | +£1,114 | 9.6% |
| Year 2 | £39,156 | £10,656 | +£1,140 | +£2,296 | 19.8% |
| Year 3 | £39,748 | £11,248 | +£1,813 | +£3,561 | 30.7% |
| Year 4 | £40,348 | £11,848 | +£2,550 | +£4,898 | 42.2% |
| Year 5 | £40,957 | £12,457 | +£3,363 | +£6,320 | 54.5% |
Modelled on the live asking price. Capital growth 1.51% a year is the FY1 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 (£11,600).
Price Forecast
No forecast available.