Mill Hall, Mill Lane, Pulham Market, Diss, IP21 4XL
Estimate of £1.29M for this detached house. 121 sales in IP21 in the last 12 months; median £340k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£1,250,000
- SDLT standard£68,750
- SDLT BTL surcharge (5%)£62,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£1,383,350
Funding
- Deposit (25%)£312,500
- Mortgage (75% LTV)£937,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£445,850
Monthly Returns
- Monthly Rent (estimate)£3,500
- Mortgage Payment (IO)-£4,102
- Management (10%)-£350
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£1,052
Capital Returns
- 5yr Property Value£1,307,920
- 5yr Capital Gain (0.91% pa, historical)+£57,920
- 5yr Cumulative Rent (net)+£190,718
- Less mortgage interest-£246,120
- 5yr Total Return+£2,517
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 | £1,261,375 | £323,875 | -£12,624 | -£1,249 | -0.3% |
| Year 2 | £1,272,854 | £335,354 | -£24,492 | -£1,638 | -0.4% |
| Year 3 | £1,284,436 | £346,936 | -£35,587 | -£1,151 | -0.3% |
| Year 4 | £1,296,125 | £358,625 | -£45,892 | +£232 | 0.1% |
| Year 5 | £1,307,920 | £370,420 | -£55,402 | +£2,517 | 0.6% |
Modelled on the live asking price. Capital growth 0.91% a year is the IP21 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 (£445,850).
Price Forecast
No forecast available.