The Bungalow, Heatherton Park, Bradford on Tone, Taunton, TA4 1EU
Estimate of £353k for this detached bungalow. 201 sales in TA4 in the last 12 months; median £305k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£350,000
- SDLT standard£7,500
- SDLT BTL surcharge (5%)£17,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£377,100
Funding
- Deposit (25%)£87,500
- Mortgage (75% LTV)£262,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£114,600
Monthly Returns
- Monthly Rent (estimate)£1,200
- Mortgage Payment (IO)-£1,148
- Management (10%)-£120
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£168
Capital Returns
- 5yr Property Value£321,081
- 5yr Capital Gain (-1.71% pa, historical)-£28,919
- 5yr Cumulative Rent (net)+£61,450
- Less mortgage interest-£68,880
- 5yr Total Return-£36,349
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 | £344,015 | £81,515 | -£2,016 | -£8,001 | -7.0% |
| Year 2 | £338,132 | £75,632 | -£3,768 | -£15,636 | -13.6% |
| Year 3 | £332,350 | £69,850 | -£5,262 | -£22,912 | -20.0% |
| Year 4 | £326,667 | £64,167 | -£6,481 | -£29,814 | -26.0% |
| Year 5 | £321,081 | £58,581 | -£7,430 | -£36,349 | -31.7% |
Modelled on the live asking price. Capital growth -1.71% a year is the TA4 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 (£114,600).
Price Forecast
No forecast available.