Sunray Avenue, SE24
Apartment · 1 bed
Supports major UK property portals
Suggested Offer Range
Already 53.5% below the comparable sales mean — limited negotiation margin. Strong value at current asking price. Note: listed as "Offers Over" — vendor expects full asking price or above.
Property Details
- Asking Price
- £285,000
- Property Type
- Apartment
- Bedrooms
- 1
- Bathrooms
- N/A
- Floor Area
- 448 sqft
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Motivated Seller Analysis
Standard — 3/10Behavioural signals: 69 days on marketBelow market value
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £889 |
| ICR (actual) | 2.11x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £285,000 |
| Deposit (25% — 75% LTV) | £71,250 |
| SDLT (additional property, 5% surcharge) | £18,500 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £92,749 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £285,000 | Loan (75% LTV) | £213,750 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £980 |
| Rent needed (1.5×) | £1,470/mo | Estimated rent | £1,878/mo |
| Stress ratio | 1.92× (need ≥ 1.5×) +£408 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 | £1,485 |
| SA net/mo | £1,157 |
| BTL est./mo | £1,879 |
| SA vs BTL uplift | £-394/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £306,914 | +£21,914 | £82,521 | +£11,271 (4.0%) |
| 5 years | £322,451 | +£37,451 | £94,096 | +£22,846 (8.0%) |
| 7 years | £338,775 | +£53,775 | £106,258 | +£35,008 (12.3%) |
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 | £22,544 | £293,550 | £15,786 | £5,099 | £13,649 | 14.5% |
| Yr 3 | £23,685 | £311,427 | £16,608 | £16,524 | £42,951 | 45.8% |
| Yr 5 | £24,884 | £330,393 | £17,471 | £29,655 | £75,048 | 80.0% |
| Yr 10 | £28,154 | £383,016 | £19,826 | £70,521 | £168,537 | 179.6% |
| Yr 15 | £31,853 | £444,021 | £22,489 | £124,071 | £283,092 | 301.6% |
| Yr 20 | £36,039 | £514,742 | £25,503 | £191,974 | £421,715 | 449.4% |
| Yr 25 | £40,775 | £596,727 | £28,913 | £276,113 | £587,840 | 626.4% |
| Yr 30 | £46,133 | £691,770 | £32,771 | £378,624 | £785,394 | 836.9% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
🌎 Area Profile — SE24 0 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £1,596 | 6.7% | 4.2% | £-157 | -6.9% |
| Conservative | £1,747 | 7.4% | 5.0% | £206 | 3.3% |
| Base | £1,878 | 7.9% | 5.5% | £424 | 7.7% |
| Optimistic | £2,028 | 8.5% | 6.2% | £662 | 12.8% |
| Bull | £2,216 | 9.3% | 6.9% | £935 | 19.3% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●7.91% |
| Net Yield | ●5.54% |
| Net Annual Income | £15,781 |
| Deductions: void 8% (−£1,803) · mgmt 10% (−£2,254) · maint 10% (−£2,254) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £889 |
| Monthly Cashflow (IO) | ●£426 |
| Cash-on-Cash Return | ●5.43% |
| 5-Year IRR | ●7.7% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £18,500 |
| SDLT Effective Rate | 6.49% |
| SDLT (Company) | £18,500 |
| Section 24 Extra Tax/yr (higher rate) | £2,138 |
| SPV Annual Saving | £3,801 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £330,393 |
| Less: Purchase Price | −£285,000 |
| Less: Buying Costs (SDLT + legal) | −£21,100 |
| Less: Selling Costs (est. 2.5%) | −£8,260 |
| = CGT Net Gain (5yr) | £16,033 |
| CGT at 24% | £3,128 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £1,596 | 6.7% | 4.2% | £-157 | -6.9% |
| Conservative | £1,747 | 7.4% | 5.0% | £206 | 3.3% |
| Base | £1,878 | 7.9% | 5.5% | £424 | 7.7% |
| Optimistic | £2,028 | 8.5% | 6.2% | £662 | 12.8% |
| Bull | £2,216 | 9.3% | 6.9% | £935 | 19.3% |