Flat 8, Belmont Court, Belmont Road, Southampton, SO17 2UB
Estimate of £139k for this purpose built flat. 185 sales in SO17 in the last 12 months; median £210k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£140,000
- SDLT standard£300
- SDLT BTL surcharge (5%)£7,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£149,400
Funding
- Deposit (25%)£35,000
- Mortgage (75% LTV)£105,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£44,400
Monthly Returns
- Monthly Rent (estimate)£800
- Mortgage Payment (IO)-£459
- Management (10%)-£80
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£161
Capital Returns
- 5yr Property Value£132,133
- 5yr Capital Gain (-1.15% pa, historical)-£7,867
- 5yr Cumulative Rent (net, before lease costs)+£38,955
- Less mortgage interest-£27,540
- 5yr Total Return (before lease costs)+£3,548
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 | £138,390 | £33,390 | +£1,932 | +£322 | 0.7% |
| Year 2 | £136,799 | £31,799 | +£4,032 | +£831 | 1.9% |
| Year 3 | £135,225 | £30,225 | +£6,316 | +£1,541 | 3.5% |
| Year 4 | £133,670 | £28,670 | +£8,775 | +£2,446 | 5.5% |
| Year 5 | £132,133 | £27,133 | +£11,415 | +£3,548 | 8.0% |
Modelled on the live asking price. Capital growth -1.15% a year is the SO17 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 (£44,400).
Price Forecast
No forecast available.