151 Worsley Road, Worsley, Manchester, M28 2SJ
Estimate of £730k for this semi-detached house. 479 sales in M28 in the last 12 months; median £265k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£1,400,000
- SDLT standard£83,750
- SDLT BTL surcharge (5%)£70,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£1,555,850
Funding
- Deposit (25%)£350,000
- Mortgage (75% LTV)£1,050,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£505,850
Monthly Returns
- Monthly Rent (estimate)£3,900
- Mortgage Payment (IO)-£4,594
- Management (10%)-£390
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£1,184
Capital Returns
- 5yr Property Value£1,545,713
- 5yr Capital Gain (2.00% pa, historical)+£145,713
- 5yr Cumulative Rent (net)+£213,189
- Less mortgage interest-£275,640
- 5yr Total Return+£83,262
Modelled on the live asking price. 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.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £1,428,000 | £378,000 | -£14,208 | +£13,792 | 2.7% |
| Year 2 | £1,456,560 | £406,560 | -£27,576 | +£28,984 | 5.7% |
| Year 3 | £1,485,691 | £435,691 | -£40,085 | +£45,606 | 9.0% |
| Year 4 | £1,515,405 | £465,405 | -£51,717 | +£63,688 | 12.6% |
| Year 5 | £1,545,713 | £495,713 | -£62,451 | +£83,262 | 16.5% |
Modelled on the live asking price. Capital growth 2.00% a year is the M28 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. ROI is on cash required (£505,850).
Price Forecast
No forecast available.