19 Torrey Close, Heacham, King's Lynn, PE31 7SH
Estimate of £279k for this bungalow property. 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£280,000
- SDLT standard£4,000
- SDLT BTL surcharge (5%)£14,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£300,100
Funding
- Deposit (25%)£70,000
- Mortgage (75% LTV)£210,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£90,100
Monthly Returns
- Monthly Rent (estimate)£1,000
- Mortgage Payment (IO)-£919
- Management (10%)-£100
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£119
Capital Returns
- 5yr Property Value£293,555
- 5yr Capital Gain (0.95% pa, historical)+£13,555
- 5yr Cumulative Rent (net)+£50,208
- Less mortgage interest-£55,140
- 5yr Total Return+£8,624
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 | £282,660 | £72,660 | -£1,428 | +£1,232 | 1.4% |
| Year 2 | £285,345 | £75,345 | -£2,640 | +£2,705 | 3.0% |
| Year 3 | £288,056 | £78,056 | -£3,631 | +£4,425 | 4.9% |
| Year 4 | £290,793 | £80,793 | -£4,397 | +£6,396 | 7.1% |
| Year 5 | £293,555 | £83,555 | -£4,932 | +£8,624 | 9.6% |
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 (£90,100).
Price Forecast
No forecast available.