5 Ringley Court, 91 Kilcoby Avenue, Swinton, Manchester, M27 8AU
Estimate of £139k 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£140,000
- SDLT standard£300
- SDLT BTL surcharge (5%)£7,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£149,400
Funding
- Deposit (25%)£35,000
- Mortgage (75% LTV)£105,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£44,400
Monthly Returns
- Monthly Rent (estimate)£950
- Mortgage Payment (IO)-£459
- Management (10%)-£95
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£296
Capital Returns
- 5yr Property Value£165,314
- 5yr Capital Gain (3.38% pa, historical)+£25,314
- 5yr Cumulative Rent (net, before lease costs)+£47,386
- Less mortgage interest-£27,540
- 5yr Total Return (before lease costs)+£45,160
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 | £144,732 | £39,732 | +£3,552 | +£8,284 | 18.7% |
| Year 2 | £149,624 | £44,624 | +£7,308 | +£16,932 | 38.1% |
| Year 3 | £154,681 | £49,681 | +£11,273 | +£25,954 | 58.5% |
| Year 4 | £159,909 | £54,909 | +£15,450 | +£35,360 | 79.6% |
| Year 5 | £165,314 | £60,314 | +£19,846 | +£45,160 | 101.7% |
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 (£44,400).
Price Forecast
No forecast available.