189 Walkden Road, Worsley, Manchester, M28 7QH
Estimate of £341k 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£325,000
- SDLT standard£6,250
- SDLT BTL surcharge (5%)£16,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£349,600
Funding
- Deposit (25%)£81,250
- Mortgage (75% LTV)£243,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£105,850
Monthly Returns
- Monthly Rent (estimate)£1,800
- Mortgage Payment (IO)-£1,066
- Management (10%)-£180
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£454
Capital Returns
- 5yr Property Value£358,826
- 5yr Capital Gain (2.00% pa, historical)+£33,826
- 5yr Cumulative Rent (net, before lease costs)+£95,163
- Less mortgage interest-£63,960
- 5yr Total Return (before lease costs)+£65,030
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 | £331,500 | £87,750 | +£5,448 | +£11,948 | 11.3% |
| Year 2 | £338,130 | £94,380 | +£11,280 | +£24,410 | 23.1% |
| Year 3 | £344,893 | £101,143 | +£17,517 | +£37,409 | 35.3% |
| Year 4 | £351,790 | £108,040 | +£24,155 | +£50,945 | 48.1% |
| Year 5 | £358,826 | £115,076 | +£31,203 | +£65,030 | 61.4% |
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£105,850).
Price Forecast
No forecast available.