Sold STC Detached

24 MERLIN DRIVE

ELY, CAMBRIDGESHIRE CB6 3EE

3 beds 1 baths 81 m² Listed 14 Feb 2020 (-2313d)

£340,000

Save

# 3 bedroom detached house for sale (CB6 3EE)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 MERLIN DRIVE, ELY, CAMBRIDGESHIRE CB6 3EE |
| Price | £340,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Last sold | £340,000 Sep 2020 |

## Description

**LOCATION** **** **** ELY is an historic Cathedral City which provides an excellent range of shopping facilities, schools catering for all ages and various sporting and social activities including the recently opened Ely Leisure Village incorporating sports centre, swimming pool, multi-screen cinema and restaurants.  The main A10 road at Ely provides access to Cambridge which in turn links with the A14 and M11 motorway to London.  Ely also has a mainline station which provides an electrified rail service to Cambridge and London.

**ENTRANCE** **VESIBULE** **** **7' 3" x 4' 9" (2.21m x 1.45m)** With 2 double glazed windows and door to front aspect, door leading to:

**ENTRANCE** **HALL** **** **** With stairs to first floor, vertical radiator.

**LOUNGE** **** **16' 1" x 12' 7" (4.9m x 3.84m)** A dual aspect room with double glazed window to front aspect, double glazed patio doors to rear, radiator, electric log effect fire.

**OPEN** **PLAN** **KITCHEN** **/** **FAMILY** **ROOM** **** **25' 1" x 10' 4" (7.65m x 3.15m)** (Overall measurements).

**KITCHEN** **AREA** **** **10' 4" x 8' (3.15m x 2.44m)** With inset butler sink, solid oak work surfaces, fitted with a range of matching units including base units, wall mounted units and drawers, fitted electric oven, hob and extractor hood above, mirrored splash back, space for free standing fridge/freezer, 2 double glazed windows to rear aspect, plumbing for washing machine.

**FAMILY** **AREA** **** With double glazed window to front aspect, storage cupboard.  Door to:

**CLOAKROOM** **** **** With low level WC, vanity inset wash basin.

**FIRST** **FLOOR** **LANDING** **** **** With double glazed window to rear aspect, radiator.

**BEDROOM** **1** **** **12' 8" x 12' 7" (3.86m x 3.84m)** With built-in wardrobes, double glazed window to front aspect, radiator.

**BEDROOM** **2** **** **12' 7" x 9' 2" (3.84m x 2.79m)** With double glazed window to front aspect, radiator, built-in wardrobes.

**BEDROOM** **3** **** **9' 8" x 6' 2" (2.95m x 1.88m)** With double glazed window to rear aspect, radiator.

**BATHROOM** **** **** With suite comprising panel bath with drench size shower head and shower attachment, low level WC, vanity inset wash basin, radiator, double glazed window to rear aspect.

**OUTSIDE** **** **** To the front of the property you will find a gravel driveway leading to a single garage with metal up and over door, providing ample off street parking.  Gated access leads to a fully enclosed garden which is predominantly laid to lawn with a spacious paved patio and benefitting from a purpose built timber home office/gym.

**VIEWING** **** **** Strictly by appointment with the Agents.

## Property Photos

- ![Photo](/listings/photos/77479087/185103)
- ![Photo](/listings/photos/77479087/185104)
- ![Photo](/listings/photos/77479087/185108)
- ![Photo](/listings/photos/77479087/185109)
- ![Photo](/listings/photos/77479087/185111)
- ![Photo](/listings/photos/77479087/185113)
- ![Photo](/listings/photos/77479087/185115)
- ![Photo](/listings/photos/77479087/185117)
- ![Photo](/listings/photos/77479087/185118)
- ![Photo](/listings/photos/77479087/185121)
- ![Photo](/listings/photos/77479087/185122)

## Floorplans

- ![Floorplan 1](/listings/photos/77479087/185125) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/77479087/185126) - EPC 1

## FENSA Certificates

This property has 2 FENSA certificate(s) on record.

### FENSA Certificate #12930571
- **Address:** 24 Merlin Drive, ELY, CB6 3EE
- **Certificate Issued:** 14/05/2018
- **Work Completed:** 17/04/2018
- **Items:** 3 door(s)

### FENSA Certificate #16469166
- **Address:** 24 Merlin Drive, ELY, CB6 3EE
- **Certificate Issued:** 15/09/2024
- **Work Completed:** 06/09/2024
- **Items:** 2 window(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 24 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £340,000 | 14/09/2020 | Detached |
| 24 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £287,000 | 02/03/2018 | Detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 2 RAVENS COURT, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3ED | £420,000 | 27/03/2025 | Detached |
| [Same street] 38 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £385,000 | 08/11/2023 | Semi-detached |
| [Same street] 49 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £475,000 | 01/11/2023 | Semi-detached |
| [Same street] 32 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £335,000 | 30/08/2023 | Semi-detached |
| 71 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BB | £520,000 | 08/06/2023 | Detached |
| [Same street] 17 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £340,000 | 28/03/2023 | Detached |
| 90 DUNSTAN STREET, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3AQ | £470,000 | 24/03/2023 | Detached |
| [Same street] 28 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £405,750 | 17/03/2023 | Terraced |
| 18 ALTHORPE COURT, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DH | £345,000 | 05/12/2022 | Detached |
| 234 COLUMBINE ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3WP | £375,000 | 04/10/2022 | Detached |
| 34 ST ANDREWS WAY, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DZ | £407,000 | 26/09/2022 | Detached |
| 11 BERNARD STREET, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1AU | £335,000 | 02/09/2022 | Detached |
| 91 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DY | £677,000 | 07/07/2022 | Detached |
| 34 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BL | £800,000 | 16/03/2022 | Detached |
| 89 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DY | £880,000 | 12/01/2022 | Detached |
| 162 WEST FEN ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3AD | £345,000 | 22/12/2021 | Detached |
| [Same street] 44 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £420,000 | 10/12/2021 | Detached |
| [Same street] 25 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £330,000 | 12/11/2021 | Detached |
| 108 COLUMBINE ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3WN | £530,000 | 24/09/2021 | Detached |
| 51 WEST FEN ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1AN | £600,000 | 30/06/2021 | Detached |
| 31 UPHERDS LANE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BA | £481,375 | 30/06/2021 | Detached |
| [Same street] 51 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE | £431,111 | 28/06/2021 | Detached |
| 59 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BB | £775,000 | 21/06/2021 | Detached |

**Street average:** £390,233 (8 sales)
**Area average:** £530,692 (15 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £456,840 (49 Detached, CB6, 2024–2026)
- **Deviation:** -25.6%

## Rental Range

*ONS Price Index of Private Rents (East Cambridgeshire). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £916/mo
- **Realistic:** £1,018/mo
- **Optimistic:** £1,120/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 3 Bed End Terrace, West Fen Road, CB6 | £1,495/mo | 3 | 0.16 miles | OpenRent |
| 3 Bed Terraced House, St. Marys Street, CB7 | £1,350/mo | 3 | 0.37 miles | OpenRent |

**Average rent: £1,423/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.42% (weak for cashflow)
- **Max investor price (0.8%):** £177,875
- **Target investor price (1%):** £142,300

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,423/mo).*

- **Gross yield:** 5%
- **Cost-to-rent:** 19.9×
- **Monthly cashflow:** £-83/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 30%
- **10y growth:** 51.6%

## House Price Index (HM Land Registry)

*Official index for East Cambridgeshire; Detached series; as of March 2026.*

- **1y growth (index):** 0.4%
- **5y growth (index):** 17.9%
- **10y growth (index):** 34.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Photo 1 Photo 2 Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 Photo 11

/ 11

Property details

Tenure

FREEHOLD

Floor area

81 m²

Last sold

£340,000 Sep 2020

Local average

£456,840 (-25.6%)

Deprivation

Decile 10 (30,855 of 33,755)

Street crime

116 incidents within 1 mile (Apr 2026)

Key features

Detached Family Home
3 Bedrooms
Recently Improved & Updated
Driveway & Enclosed Garden
Purpose Built Home Office
Viewing Recommended

Additional details

Parking: Garage, Off street
Garden: Yes

Description

LOCATION ** ELY is an historic Cathedral City which provides an excellent range of shopping facilities, schools catering for all ages and various sporting and social activities including the recently opened Ely Leisure Village incorporating sports centre, swimming pool, multi-screen cinema and restaurants. The main A10 road at Ely provides access to Cambridge which in turn links with the A14 and M11 motorway to London. Ely also has a mainline station which provides an electrified rail service to Cambridge and London.

ENTRANCE VESIBULE 7' 3" x 4' 9" (2.21m x 1.45m) With 2 double glazed windows and door to front aspect, door leading to:

ENTRANCE HALL With stairs to first floor, vertical radiator.

LOUNGE 16' 1" x 12' 7" (4.9m x 3.84m) A dual aspect room with double glazed window to front aspect, double glazed patio doors to rear, radiator, electric log effect fire.

OPEN PLAN KITCHEN / FAMILY ROOM 25' 1" x 10' 4" (7.65m x 3.15m) (Overall measurements).

KITCHEN AREA 10' 4" x 8' (3.15m x 2.44m) With inset butler sink, solid oak work surfaces, fitted with a range of matching units including base units, wall mounted units and drawers, fitted electric oven, hob and extractor hood above, mirrored splash back, space for free standing fridge/freezer, 2 double glazed windows to rear aspect, plumbing for washing machine.

FAMILY AREA With double glazed window to front aspect, storage cupboard. Door to:

CLOAKROOM With low level WC, vanity inset wash basin.

FIRST FLOOR LANDING With double glazed window to rear aspect, radiator.

BEDROOM 1 12' 8" x 12' 7" (3.86m x 3.84m) With built-in wardrobes, double glazed window to front aspect, radiator.

BEDROOM 2 12' 7" x 9' 2" (3.84m x 2.79m) With double glazed window to front aspect, radiator, built-in wardrobes.

BEDROOM 3 9' 8" x 6' 2" (2.95m x 1.88m) With double glazed window to rear aspect, radiator.

BATHROOM With suite comprising panel bath with drench size shower head and shower attachment, low level WC, vanity inset wash basin, radiator, double glazed window to rear aspect.

OUTSIDE To the front of the property you will find a gravel driveway leading to a single garage with metal up and over door, providing ample off street parking. Gated access leads to a fully enclosed garden which is predominantly laid to lawn with a spacious paved patio and benefitting from a purpose built timber home office/gym.

VIEWING ** Strictly by appointment with the Agents.

Listed by

Ely

Cheffins Residential

Reference: 77479087

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

EPC Graphs

EPC 1

FENSA Certificates

This property has 2 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #12930571

Property Details

Street: 24 Merlin Drive

Town: ELY

Postcode: CB6 3EE

Installation Details

Items: 3 doors

Certificate Issued: 14/05/2018

Work Completed: 17/04/2018

This certificate data was retrieved from FENSA's database

FENSA Certificate #16469166 Recent

Property Details

Street: 24 Merlin Drive

Town: ELY

Postcode: CB6 3EE

Installation Details

Items: 2 windows

Certificate Issued: 15/09/2024

Work Completed: 06/09/2024

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

18% since 2018

Event	Date	Price	% change
Sold	14/09/2020 (5 years ago)	£340,000	+18.5%
Sold	02/03/2018 (8 years ago)	£287,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
2 RAVENS COURT, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3ED	£420,000	27/03/2025	Detached
Same street 38 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£385,000	08/11/2023	Semi-detached
Same street 49 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£475,000	01/11/2023	Semi-detached
Same street 32 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£335,000	30/08/2023	Semi-detached
71 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BB	£520,000	08/06/2023	Detached
Same street 17 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£340,000	28/03/2023	Detached
90 DUNSTAN STREET, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3AQ	£470,000	24/03/2023	Detached
Same street 28 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£405,750	17/03/2023	Terraced
18 ALTHORPE COURT, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DH	£345,000	05/12/2022	Detached
234 COLUMBINE ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3WP	£375,000	04/10/2022	Detached
34 ST ANDREWS WAY, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DZ	£407,000	26/09/2022	Detached
11 BERNARD STREET, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1AU	£335,000	02/09/2022	Detached
91 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DY	£677,000	07/07/2022	Detached
34 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BL	£800,000	16/03/2022	Detached
89 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3DY	£880,000	12/01/2022	Detached
162 WEST FEN ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3AD	£345,000	22/12/2021	Detached
Same street 44 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£420,000	10/12/2021	Detached
Same street 25 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£330,000	12/11/2021	Detached
108 COLUMBINE ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3WN	£530,000	24/09/2021	Detached
51 WEST FEN ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1AN	£600,000	30/06/2021	Detached
31 UPHERDS LANE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BA	£481,375	30/06/2021	Detached
Same street 51 MERLIN DRIVE, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 3EE	£431,111	28/06/2021	Detached
59 DOWNHAM ROAD, ELY, EAST CAMBRIDGESHIRE, CAMBRIDGESHIRE, CB6 1BB	£775,000	21/06/2021	Detached

Street average: £390,233 (8 sales)

Area average: £530,692 (15 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 30%

10y growth 51.6%

House Price Index (HM Land Registry — official index, not sold-price averages): East Cambridgeshire. Series: Detached. As of March 2026.

1y (index) 0.4%

5y (index) 17.9%

10y (index) 34.3%

Rental Range

Estimated market rent for East Cambridgeshire. Low = conservative, Realistic = average, Optimistic = best case.

Low £916/mo

Realistic £1,018/mo

Optimistic £1,120/mo

Based on Local Authority from postcode lookup → East Cambridgeshire.

Location

Map view View on Google Maps View on OpenStreetMap Street View CB6 3EE

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Wrens Close	0.0 miles
Shop	Rowley Fine Art	0.3 miles
Shop	One Stop	0.3 miles
Train station	Ely	1.0 miles
Hospital	Princess of Wales Hospital	1.1 miles
University	Cambridge University Boathouse	1.4 miles
Train station	Littleport	4.8 miles
Hospital	Doddington Community Hospital	10.7 miles

Street-level crime

Category	Count
Violence and sexual offences	32
Anti-social behaviour	21
Shoplifting	16
Criminal damage and arson	14
Burglary	9
Drugs	6
Other crime	5
Public order	4
Vehicle crime	3
Bicycle theft	2
Other theft	2
Possession of weapons	1
Theft from the person	1
Total incidents	116

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Active Learning Trust Linc 19 - 25	Other	0.2 miles	— (No rating)
Highfield Ely Academy	Other	0.2 miles	Good — 7 Nov 2014
Ely College	Secondary	0.3 miles	Good — 8 Jul 2019
Lantern Community Primary School	Primary	0.4 miles	Good — 23 Jul 2014
King's Ely	Other	0.5 miles	— (No rating)

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
3 Bed End Terrace, West Fen Road, CB6	£1,495/mo	3	0.16 miles	OpenRent
3 Bed Terraced House, St. Marys Street, CB7	£1,350/mo	3	0.37 miles	OpenRent

Average rent: £1,423/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.42%

Max investor price (0.8%) £177,875

Target investor price (1%) £142,300

Gross yield 5%

Cost-to-rent ratio 19.9×

Monthly cashflow £-83/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -1%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).