Long Stay Ward, Springfield Hospital, 61 Glenburnie Road, London, SW17 7DJ
Estimate of £820k for this end terrace property. 635 sales in SW17 in the last 12 months; median £585k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£450,000
- SDLT standard£12,500
- SDLT BTL surcharge (5%)£22,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£487,100
Funding
- Deposit (25%)£112,500
- Mortgage (75% LTV)£337,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£149,600
Monthly Returns
- Monthly Rent (estimate)£4,700
- Mortgage Payment (IO)-£1,477
- Management (10%)-£470
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£2,653
Capital Returns
- 5yr Property Value£453,838
- 5yr Capital Gain (0.17% pa, historical)+£3,838
- 5yr Cumulative Rent (net, before lease costs)+£258,156
- Less mortgage interest-£88,620
- 5yr Total Return (before lease costs)+£173,374
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 | £450,765 | £113,265 | +£31,836 | +£32,601 | 21.8% |
| Year 2 | £451,531 | £114,031 | +£64,692 | +£66,223 | 44.3% |
| Year 3 | £452,299 | £114,799 | +£98,579 | +£100,877 | 67.4% |
| Year 4 | £453,068 | £115,568 | +£133,519 | +£136,587 | 91.3% |
| Year 5 | £453,838 | £116,338 | +£169,536 | +£173,374 | 115.9% |
Modelled on the live asking price. Capital growth 0.17% a year is the SW17 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 (£149,600).
Price Forecast
No forecast available.