Wolkem, 10, Canonstown, Hayle, TR27 6JN
Estimate of £259k for this semi-detached bungalow. 184 sales in TR27 in the last 12 months; median £283k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£219,950
- SDLT standard£1,899
- SDLT BTL surcharge (5%)£10,998
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£234,947
Funding
- Deposit (25%)£54,988
- Mortgage (75% LTV)£164,962
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£69,984
Monthly Returns
- Monthly Rent (estimate)£1,050
- Mortgage Payment (IO)-£722
- Management (10%)-£105
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£123
Capital Returns
- 5yr Property Value£226,403
- 5yr Capital Gain (0.58% pa, historical)+£6,453
- 5yr Cumulative Rent (net)+£53,019
- Less mortgage interest-£43,320
- 5yr Total Return+£16,152
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 | £221,226 | £56,263 | +£1,476 | +£2,752 | 3.9% |
| Year 2 | £222,509 | £57,546 | +£3,180 | +£5,739 | 8.2% |
| Year 3 | £223,799 | £58,837 | +£5,117 | +£8,966 | 12.8% |
| Year 4 | £225,097 | £60,135 | +£7,292 | +£12,440 | 17.8% |
| Year 5 | £226,403 | £61,440 | +£9,699 | +£16,152 | 23.1% |
Modelled on the live asking price. Capital growth 0.58% a year is the TR27 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 (£69,984).
Price Forecast
No forecast available.