Nirvana, Lindrick Common, Lindrick Common, Worksop, S81 8BA
Estimate of £2.95M for this detached house. 416 sales in S81 in the last 12 months; median £222k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£2,595,000
- SDLT standard£225,150
- SDLT BTL surcharge (5%)£129,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£2,952,000
Funding
- Deposit (25%)£648,750
- Mortgage (75% LTV)£1,946,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£1,005,750
Monthly Returns
- Monthly Rent (estimate)£12,100
- Mortgage Payment (IO)-£8,515
- Management (10%)-£1,210
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£2,275
Capital Returns
- 5yr Property Value£2,876,343
- 5yr Capital Gain (2.08% pa, historical)+£281,343
- 5yr Cumulative Rent (net)+£674,063
- Less mortgage interest-£510,900
- 5yr Total Return+£444,506
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 | £2,648,976 | £702,726 | +£27,300 | +£81,276 | 8.1% |
| Year 2 | £2,704,075 | £757,825 | +£57,216 | +£166,291 | 16.5% |
| Year 3 | £2,760,319 | £814,069 | +£89,794 | +£255,114 | 25.4% |
| Year 4 | £2,817,734 | £871,484 | +£125,093 | +£347,828 | 34.6% |
| Year 5 | £2,876,343 | £930,093 | +£163,163 | +£444,506 | 44.2% |
Modelled on the live asking price. Capital growth 2.08% a year is the S81 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 (£1,005,750).
Price Forecast
No forecast available.