Silverbirch, The Street, Horham, Eye, IP21 5DX
Estimate of £496k 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£500,000
- SDLT standard£15,000
- SDLT BTL surcharge (5%)£25,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£542,100
Funding
- Deposit (25%)£125,000
- Mortgage (75% LTV)£375,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£167,100
Monthly Returns
- Monthly Rent (estimate)£1,350
- Mortgage Payment (IO)-£1,641
- Management (10%)-£135
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£526
Capital Returns
- 5yr Property Value£523,168
- 5yr Capital Gain (0.91% pa, historical)+£23,168
- 5yr Cumulative Rent (net)+£69,881
- Less mortgage interest-£98,460
- 5yr Total Return-£5,411
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 | £504,550 | £129,550 | -£6,312 | -£1,762 | -1.1% |
| Year 2 | £509,141 | £134,141 | -£12,336 | -£3,195 | -1.9% |
| Year 3 | £513,775 | £138,775 | -£18,054 | -£4,279 | -2.6% |
| Year 4 | £518,450 | £143,450 | -£23,470 | -£5,020 | -3.0% |
| Year 5 | £523,168 | £148,168 | -£28,579 | -£5,411 | -3.2% |
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 (£167,100).
Price Forecast
No forecast available.