17 Mere Drive, Clifton, Swinton, Manchester, M27 8SD
Estimate of £119k for this purpose built flat. 449 sales in M27 in the last 12 months; median £222k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£130,000
- SDLT standard£100
- SDLT BTL surcharge (5%)£6,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£138,700
Funding
- Deposit (25%)£32,500
- Mortgage (75% LTV)£97,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£41,200
Monthly Returns
- Monthly Rent (estimate)£800
- Mortgage Payment (IO)-£427
- Management (10%)-£80
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£193
Capital Returns
- 5yr Property Value£153,506
- 5yr Capital Gain (3.38% pa, historical)+£23,506
- 5yr Cumulative Rent (net, before lease costs)+£38,955
- Less mortgage interest-£25,620
- 5yr Total Return (before lease costs)+£36,841
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £134,394 | £36,894 | +£2,316 | +£6,710 | 16.3% |
| Year 2 | £138,937 | £41,437 | +£4,800 | +£13,737 | 33.3% |
| Year 3 | £143,633 | £46,133 | +£7,468 | +£21,100 | 51.2% |
| Year 4 | £148,487 | £50,987 | +£10,311 | +£28,799 | 69.9% |
| Year 5 | £153,506 | £56,006 | +£13,335 | +£36,841 | 89.4% |
Modelled on the live asking price. Capital growth 3.38% a year is the M27 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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£41,200).
Price Forecast
No forecast available.