Sunset Ridge, 10 Jackson Drive, Kirton, Boston, PE20 1QP
Estimate of £323k for this detached house. 164 sales in PE20 in the last 12 months; median £244k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£325,000
- SDLT standard£6,250
- SDLT BTL surcharge (5%)£16,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£349,600
Funding
- Deposit (25%)£81,250
- Mortgage (75% LTV)£243,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£105,850
Monthly Returns
- Monthly Rent (estimate)£1,200
- Mortgage Payment (IO)-£1,066
- Management (10%)-£120
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£86
Capital Returns
- 5yr Property Value£386,745
- 5yr Capital Gain (3.54% pa, historical)+£61,745
- 5yr Cumulative Rent (net)+£61,450
- Less mortgage interest-£63,960
- 5yr Total Return+£59,235
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 | £336,505 | £92,755 | -£1,032 | +£10,473 | 9.9% |
| Year 2 | £348,417 | £104,667 | -£1,800 | +£21,617 | 20.4% |
| Year 3 | £360,751 | £117,001 | -£2,310 | +£33,441 | 31.6% |
| Year 4 | £373,522 | £129,772 | -£2,545 | +£45,977 | 43.4% |
| Year 5 | £386,745 | £142,995 | -£2,510 | +£59,235 | 56.0% |
Modelled on the live asking price. Capital growth 3.54% a year is the PE20 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 (£105,850).
Price Forecast
No forecast available.