Recent sale
WINDINGS HOUSE, 23 SCHOOLGATE DRIVE
£280k
Sale price
£/sqft
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Rent pcm
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Yield
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Estimate of £284k for purpose built flats in Schoolgate Drive. 216 transactions in the last 12 months; median £475k.
Buy-to-let cashflow + capital returns
| Year | Property Value | Equity | Cashflow (YTD) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £287,096 | £74,096 | +£1,284 | +£4,380 | 3.5% |
| Year 2 | £290,225 | £77,225 | +£2,568 | +£8,793 | 7.1% |
| Year 3 | £293,388 | £80,388 | +£3,852 | +£13,240 | 10.7% |
| Year 4 | £296,586 | £83,586 | +£5,136 | +£17,722 | 14.3% |
| Year 5 | £299,819 | £86,819 | +£6,420 | +£22,239 | 17.9% |
Assumes 1.09% pa capital growth (API forecast), 3.0% rental growth, 5.25% IO mortgage held for 5 years, light refurb completed year 0. ROI is on total cash invested (£124,280).
No forecast available.