Recent sale
1 NORWICH CLOSE
£396k
Sale price
£/sqft
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Rent pcm
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Yield
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Estimate of £377k for detached houses in Greater Manchester. 244 transactions in the last 12 months; median £180k.
Buy-to-let cashflow + capital returns
| Year | Property Value | Equity | Cashflow (YTD) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £398,150 | £115,400 | +£5,676 | +£26,826 | 16.4% |
| Year 2 | £420,486 | £137,736 | +£11,352 | +£54,838 | 33.6% |
| Year 3 | £444,075 | £161,325 | +£17,028 | +£84,103 | 51.5% |
| Year 4 | £468,988 | £186,238 | +£22,704 | +£114,692 | 70.2% |
| Year 5 | £495,298 | £212,548 | +£28,380 | +£146,678 | 89.8% |
Assumes 5.61% pa capital growth (API forecast), 3.0% rental growth, 5.25% IO mortgage held for 5 years, light refurb completed year 0. ROI is on total cash invested (£163,340).
No forecast available.