Tremarran Court, Crescent Road, Ivybridge, Devon
Penthouse · 3 bed
Supports major UK property portals
Suggested Offer Range
Already 36.2% below the comparable sales mean — limited negotiation margin. Strong value at current asking price.
Property Details
- Asking Price
- £225,000
- Property Type
- Penthouse
- Bedrooms
- 3
- Bathrooms
- N/A
- Est. Floor Area
- 1001 sqft (est.)
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Motivated Seller Analysis
Watch — 5/10Behavioural signals: 140 days on marketBelow market value
Matched signals:
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £702 |
| ICR (actual) | 1.59x |
| Feasibility | MARGINAL |
| Notes: Rental coverage 114% — below standard 145% threshold, may need larger deposit | |
| 💲 Total Cash Required | |
| Purchase Price | £225,000 |
| Deposit (25% — 75% LTV) | £56,250 |
| SDLT (additional property, 5% surcharge) | £13,250 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £72,499 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £225,000 | Loan (75% LTV) | £168,750 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £773 |
| Rent needed (1.5×) | £1,160/mo | Estimated rent | £1,119/mo |
| Stress ratio | 1.45× (need ≥ 1.5×) £41 shortfall | ||
Assumptions: 75% LTV · 5.5% interest only · 1.5× rent coverage (standard lender requirement). Actual lender criteria vary — verify with your broker.
Exit Strategy
Capital appreciation projections at 2.5% pa (local Land Registry HPI). Assumes 75% LTV interest-only mortgage redeemed on sale. Excludes rental income.
| Est. reno cost | Unknown — score listing |
| Cash left in deal | Unknown |
| SA gross/mo | £1,848 |
| SA net/mo | £1,476 |
| BTL est./mo | £1,119 |
| SA vs BTL uplift | +£729/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £242,300 | +£17,300 | £64,984 | +£8,734 (3.9%) |
| 5 years | £254,567 | +£29,567 | £74,122 | +£17,872 (7.9%) |
| 7 years | £267,454 | +£42,454 | £83,723 | +£27,473 (12.2%) |
Projections: 2.5% pa HPI, 75% LTV IO mortgage redeemed at sale, 1.5% EA, £1,500 legal, 24% CGT above £3k allowance. Not financial advice.
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📈 Rental Yield & ROI Forecast
Compound-growth projection: 2.5% annual rent growth + 3% capital growth. IO mortgage throughout. For illustration only.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £13,432 | £231,750 | £9,226 | £789 | £7,539 | 10.2% |
| Yr 3 | £14,113 | £245,864 | £9,716 | £3,098 | £23,962 | 32.6% |
| Yr 5 | £14,827 | £260,837 | £10,230 | £6,424 | £42,260 | 57.4% |
| Yr 10 | £16,775 | £302,381 | £11,633 | £19,527 | £96,909 | 131.7% |
| Yr 15 | £18,980 | £350,543 | £13,220 | £40,189 | £165,732 | 225.2% |
| Yr 20 | £21,474 | £406,375 | £15,016 | £69,403 | £250,778 | 340.7% |
| Yr 25 | £24,296 | £471,100 | £17,048 | £108,291 | £354,391 | 481.5% |
| Yr 30 | £27,488 | £546,134 | £19,347 | £158,126 | £479,260 | 651.2% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
🌎 Area Profile — PL21 0 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £951 | 5.1% | 3.1% | £-333 | -12.2% |
| Conservative | £1,041 | 5.6% | 3.7% | £-82 | -1.0% |
| Base | £1,119 | 6.0% | 4.1% | £65 | 3.7% |
| Optimistic | £1,209 | 6.4% | 4.6% | £224 | 9.1% |
| Bull | £1,320 | 7.0% | 5.2% | £404 | 15.9% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●5.97% |
| Net Yield | ●4.1% |
| Net Annual Income | £9,223 |
| Deductions: void 8% (−£1,075) · mgmt 10% (−£1,343) · maint 10% (−£1,343) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £702 |
| Monthly Cashflow (IO) | ●£67 |
| Cash-on-Cash Return | ●1.07% |
| 5-Year IRR | ●3.7% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £13,250 |
| SDLT Effective Rate | 5.89% |
| SDLT (Company) | £13,250 |
| Section 24 Extra Tax/yr (higher rate) | £1,688 |
| SPV Annual Saving | £2,413 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £260,837 |
| Less: Purchase Price | −£225,000 |
| Less: Buying Costs (SDLT + legal) | −£15,850 |
| Less: Selling Costs (est. 2.5%) | −£6,521 |
| = CGT Net Gain (5yr) | £13,466 |
| CGT at 24% | £2,512 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £951 | 5.1% | 3.1% | £-333 | -12.2% |
| Conservative | £1,041 | 5.6% | 3.7% | £-82 | -1.0% |
| Base | £1,119 | 6.0% | 4.1% | £65 | 3.7% |
| Optimistic | £1,209 | 6.4% | 4.6% | £224 | 9.1% |
| Bull | £1,320 | 7.0% | 5.2% | £404 | 15.9% |