York Villa, 12 North Road, Ormesby, Great Yarmouth, NR29 3SA
Estimate of £443k for this detached house. 281 sales in NR29 in the last 12 months; median £245k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£435,000
- SDLT standard£11,750
- SDLT BTL surcharge (5%)£21,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£470,600
Funding
- Deposit (25%)£108,750
- Mortgage (75% LTV)£326,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£144,350
Monthly Returns
- Monthly Rent (estimate)£1,750
- Mortgage Payment (IO)-£1,427
- Management (10%)-£175
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£48
Capital Returns
- 5yr Property Value£463,333
- 5yr Capital Gain (1.27% pa, historical)+£28,333
- 5yr Cumulative Rent (net)+£92,365
- Less mortgage interest-£85,620
- 5yr Total Return+£35,078
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 | £440,524 | £114,274 | +£576 | +£6,100 | 4.2% |
| Year 2 | £446,119 | £119,869 | +£1,536 | +£12,655 | 8.8% |
| Year 3 | £451,785 | £125,535 | +£2,876 | +£19,661 | 13.6% |
| Year 4 | £457,523 | £131,273 | +£4,606 | +£27,128 | 18.8% |
| Year 5 | £463,333 | £137,083 | +£6,745 | +£35,078 | 24.3% |
Modelled on the live asking price. Capital growth 1.27% a year is the NR29 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 (£144,350).
Price Forecast
No forecast available.