Flat 45, Nelson Court, Glen View, Gravesend, DA12 1PL
Estimate of £95k 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£10,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£12,100
Funding
- Deposit (25%)£2,500
- Mortgage (75% LTV)£7,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£4,600
Monthly Returns
- Monthly Rent (estimate)£600
- Mortgage Payment (IO)-£33
- Management (10%)-£60
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£407
Capital Returns
- 5yr Property Value£11,057
- 5yr Capital Gain (2.03% pa, historical)+£1,057
- 5yr Cumulative Rent (net, before lease costs)+£27,725
- Less mortgage interest-£1,980
- 5yr Total Return (before lease costs)+£26,802
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 | £10,203 | £2,703 | +£4,884 | +£5,087 | 110.6% |
| Year 2 | £10,410 | £2,910 | +£9,900 | +£10,310 | 224.1% |
| Year 3 | £10,621 | £3,121 | +£15,051 | +£15,672 | 340.7% |
| Year 4 | £10,837 | £3,337 | +£20,328 | +£21,165 | 460.1% |
| Year 5 | £11,057 | £3,557 | +£25,745 | +£26,802 | 582.7% |
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 (£4,600).
Price Forecast
No forecast available.