Flat at, The Black Horse Inn, School Road, Castle Rising, PE31 6AG
Estimate of £364k for this detached 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
- Estimated Value£364,000
- SDLT standard£8,200
- SDLT BTL surcharge (5%)£18,200
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£392,500
Funding
- Deposit (25%)£91,000
- Mortgage (75% LTV)£273,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£119,500
Monthly Returns
- Monthly Rent (estimate)£1,250
- Mortgage Payment (IO)-£1,194
- Management (10%)-£125
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£169
Capital Returns
- 5yr Property Value£381,622
- 5yr Capital Gain (0.95% pa, historical)+£17,622
- 5yr Cumulative Rent (net, before lease costs)+£64,249
- Less mortgage interest-£71,640
- 5yr Total Return (before lease costs)+£10,230
Modelled on the estimated value: the property is not on the market. 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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £367,458 | £94,458 | -£2,028 | +£1,430 | 1.2% |
| Year 2 | £370,949 | £97,949 | -£3,792 | +£3,157 | 2.6% |
| Year 3 | £374,473 | £101,473 | -£5,274 | +£5,199 | 4.4% |
| Year 4 | £378,030 | £105,030 | -£6,480 | +£7,550 | 6.3% |
| Year 5 | £381,622 | £108,622 | -£7,391 | +£10,230 | 8.6% |
Modelled on the estimated value: the property is not on the market. 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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£119,500).
Price Forecast
No forecast available.