14 Wilton Road, Heacham, King's Lynn, PE31 7AD
Estimate of £477k 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£475,000
- SDLT standard£13,750
- SDLT BTL surcharge (5%)£23,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£514,600
Funding
- Deposit (25%)£118,750
- Mortgage (75% LTV)£356,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£158,350
Monthly Returns
- Monthly Rent (estimate)£1,700
- Mortgage Payment (IO)-£1,559
- Management (10%)-£170
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£129
Capital Returns
- 5yr Property Value£497,995
- 5yr Capital Gain (0.95% pa, historical)+£22,995
- 5yr Cumulative Rent (net)+£89,554
- Less mortgage interest-£93,540
- 5yr Total Return+£19,010
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 | £479,513 | £123,263 | -£1,548 | +£2,965 | 1.9% |
| Year 2 | £484,068 | £127,818 | -£2,724 | +£6,344 | 4.0% |
| Year 3 | £488,667 | £132,417 | -£3,532 | +£10,135 | 6.4% |
| Year 4 | £493,309 | £137,059 | -£3,951 | +£14,358 | 9.1% |
| Year 5 | £497,995 | £141,745 | -£3,986 | +£19,010 | 12.0% |
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 (£158,350).
Price Forecast
No forecast available.