The Coppice, 55 Lynn Road, Heacham, PE31 7JQ
Estimate of £596k for this detached bungalow. 257 sales in PE31 in the last 12 months; median £325k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£599,950
- SDLT standard£19,998
- SDLT BTL surcharge (5%)£29,998
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£652,046
Funding
- Deposit (25%)£149,988
- Mortgage (75% LTV)£449,962
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£202,084
Monthly Returns
- Monthly Rent (estimate)£2,100
- Mortgage Payment (IO)-£1,969
- Management (10%)-£210
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£179
Capital Returns
- 5yr Property Value£628,994
- 5yr Capital Gain (0.95% pa, historical)+£29,044
- 5yr Cumulative Rent (net)+£112,038
- Less mortgage interest-£118,140
- 5yr Total Return+£22,942
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 | £605,650 | £155,687 | -£2,148 | +£3,552 | 1.8% |
| Year 2 | £611,403 | £161,441 | -£3,840 | +£7,613 | 3.8% |
| Year 3 | £617,212 | £167,249 | -£5,066 | +£12,196 | 6.0% |
| Year 4 | £623,075 | £173,113 | -£5,827 | +£17,298 | 8.6% |
| Year 5 | £628,994 | £179,032 | -£6,102 | +£22,942 | 11.4% |
Modelled on the live asking price. Capital growth 0.95% a year is the PE31 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 (£202,084).
Price Forecast
No forecast available.