Comelybank Drive, Mexborough
Apartment · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 23.1% below the comparable sales mean — limited negotiation margin. Strong value at current asking price.
Property Details
- Asking Price
- £80,000
- Property Type
- Apartment
- Bedrooms
- 2
- Bathrooms
- N/A
- Floor Area
- 630 sqft
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £250 |
| ICR (actual) | 2.5x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £80,000 |
| Deposit (25% — 75% LTV) | £20,000 |
| SDLT (additional property, 5% surcharge) | £4,000 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £26,999 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £80,000 | Loan (75% LTV) | £60,000 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £275 |
| Rent needed (1.5×) | £412/mo | Estimated rent | £624/mo |
| Stress ratio | 2.27× (need ≥ 1.5×) +£212 surplus | ||
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 | £1,373 |
| SA net/mo | £1,058 |
| BTL est./mo | £624 |
| SA vs BTL uplift | +£749/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £86,151 | +£6,151 | £22,603 | +£2,603 (3.3%) |
| 5 years | £90,513 | +£10,513 | £25,852 | +£5,852 (7.3%) |
| 7 years | £95,095 | +£15,095 | £29,266 | +£9,266 (11.6%) |
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 | £7,488 | £82,400 | £4,946 | £1,946 | £4,346 | 15.5% |
| Yr 3 | £7,867 | £87,418 | £5,219 | £6,247 | £13,665 | 48.6% |
| Yr 5 | £8,265 | £92,742 | £5,506 | £11,114 | £23,856 | 84.9% |
| Yr 10 | £9,351 | £107,513 | £6,288 | £25,951 | £53,465 | 190.3% |
| Yr 15 | £10,580 | £124,637 | £7,173 | £45,002 | £89,640 | 319.0% |
| Yr 20 | £11,971 | £144,489 | £8,174 | £68,820 | £133,309 | 474.4% |
| Yr 25 | £13,544 | £167,502 | £9,306 | £98,032 | £185,534 | 660.3% |
| Yr 30 | £15,323 | £194,181 | £10,588 | £133,345 | £247,526 | 880.9% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
🌎 Area Profile — S64 9 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £530 | 8.0% | 4.6% | £-17 | -5.9% |
| Conservative | £580 | 8.7% | 5.5% | £94 | 4.1% |
| Base | £624 | 9.4% | 6.2% | £162 | 8.3% |
| Optimistic | £674 | 10.1% | 6.9% | £237 | 13.1% |
| Bull | £736 | 11.0% | 7.8% | £323 | 19.3% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●9.36% |
| Net Yield | ●6.18% |
| Net Annual Income | £4,946 |
| Deductions: void 8% (−£599) · mgmt 10% (−£749) · maint 10% (−£749) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £250 |
| Monthly Cashflow (IO) | ●£162 |
| Cash-on-Cash Return | ●6.93% |
| 5-Year IRR | ●8.3% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £4,000 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £4,000 |
| Section 24 Extra Tax/yr (higher rate) | £600 |
| SPV Annual Saving | £1,310 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £92,742 |
| Less: Purchase Price | −£80,000 |
| Less: Buying Costs (SDLT + legal) | −£6,600 |
| Less: Selling Costs (est. 2.5%) | −£2,319 |
| = CGT Net Gain (5yr) | £3,823 |
| CGT at 24% | £198 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £530 | 8.0% | 4.6% | £-17 | -5.9% |
| Conservative | £580 | 8.7% | 5.5% | £94 | 4.1% |
| Base | £624 | 9.4% | 6.2% | £162 | 8.3% |
| Optimistic | £674 | 10.1% | 6.9% | £237 | 13.1% |
| Bull | £736 | 11.0% | 7.8% | £323 | 19.3% |