Halankene House, 10 Strawberry Lane, Hayle, TR27 5JS
Estimate of £994k for this bungalow property. 184 sales in TR27 in the last 12 months; median £283k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£1,220,000
- SDLT standard£65,750
- SDLT BTL surcharge (5%)£61,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£1,348,850
Funding
- Deposit (25%)£305,000
- Mortgage (75% LTV)£915,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£433,850
Monthly Returns
- Monthly Rent (estimate)£3,850
- Mortgage Payment (IO)-£4,003
- Management (10%)-£385
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£638
Capital Returns
- 5yr Property Value£1,255,793
- 5yr Capital Gain (0.58% pa, historical)+£35,793
- 5yr Cumulative Rent (net)+£210,367
- Less mortgage interest-£240,180
- 5yr Total Return+£5,979
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.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £1,227,076 | £312,076 | -£7,656 | -£580 | -0.1% |
| Year 2 | £1,234,193 | £319,193 | -£14,484 | -£291 | -0.1% |
| Year 3 | £1,241,351 | £326,351 | -£20,466 | +£886 | 0.2% |
| Year 4 | £1,248,551 | £333,551 | -£25,582 | +£2,969 | 0.7% |
| Year 5 | £1,255,793 | £340,793 | -£29,813 | +£5,979 | 1.4% |
Modelled on the live asking price. Capital growth 0.58% a year is the TR27 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. ROI is on cash required (£433,850).
Price Forecast
No forecast available.