Flat 6, The Sanctuary, Waldershare Avenue, Sandwich Bay, Sandwich, CT13 9PN
Estimate of £358k for this flat/maisonette. 116 sales in CT13 in the last 12 months; median £336k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£350,000
- SDLT standard£7,500
- SDLT BTL surcharge (5%)£17,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£377,100
Funding
- Deposit (25%)£87,500
- Mortgage (75% LTV)£262,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£114,600
Monthly Returns
- Monthly Rent (estimate)£1,350
- Mortgage Payment (IO)-£1,148
- Management (10%)-£135
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£33
Capital Returns
- 5yr Property Value£373,534
- 5yr Capital Gain (1.31% pa, historical)+£23,534
- 5yr Cumulative Rent (net, before lease costs)+£69,881
- Less mortgage interest-£68,880
- 5yr Total Return (before lease costs)+£24,535
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 | £354,585 | £92,085 | -£396 | +£4,189 | 3.7% |
| Year 2 | £359,230 | £96,730 | -£504 | +£8,726 | 7.6% |
| Year 3 | £363,936 | £101,436 | -£306 | +£13,630 | 11.9% |
| Year 4 | £368,704 | £106,204 | +£194 | +£18,898 | 16.5% |
| Year 5 | £373,534 | £111,034 | +£1,001 | +£24,535 | 21.4% |
Modelled on the live asking price. Capital growth 1.31% a year is the CT13 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 (£114,600).
Price Forecast
No forecast available.