11 Chapel Court, Market Street, Mossley, Ashton-under-Lyne, OL5 0ET
Estimate of £230k for this detached bungalow. 142 sales in OL5 in the last 12 months; median £197k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£230,000
- SDLT standard£2,100
- SDLT BTL surcharge (5%)£11,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£245,700
Funding
- Deposit (25%)£57,500
- Mortgage (75% LTV)£172,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£73,200
Monthly Returns
- Monthly Rent (estimate)£650
- Mortgage Payment (IO)-£755
- Management (10%)-£65
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£270
Capital Returns
- 5yr Property Value£270,932
- 5yr Capital Gain (3.33% pa, historical)+£40,932
- 5yr Cumulative Rent (net, before lease costs)+£30,536
- Less mortgage interest-£45,300
- 5yr Total Return (before lease costs)+£26,167
Modelled on the estimated value: the property is not on the market. 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 | £237,659 | £65,159 | -£3,240 | +£4,419 | 6.0% |
| Year 2 | £245,573 | £73,073 | -£6,336 | +£9,237 | 12.6% |
| Year 3 | £253,751 | £81,251 | -£9,297 | +£14,454 | 19.7% |
| Year 4 | £262,201 | £89,701 | -£12,107 | +£20,093 | 27.4% |
| Year 5 | £270,932 | £98,432 | -£14,764 | +£26,167 | 35.7% |
Modelled on the estimated value: the property is not on the market. Capital growth 3.33% a year is the OL5 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 (£73,200).
Price Forecast
No forecast available.