1126 Rochdale Road, Manchester, M9 6FQ
Estimate of £246k for this semi-detached house. 264 sales in M9 in the last 12 months; median £182k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£240,000
- SDLT standard£2,300
- SDLT BTL surcharge (5%)£12,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£256,400
Funding
- Deposit (25%)£60,000
- Mortgage (75% LTV)£180,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£76,400
Monthly Returns
- Monthly Rent (estimate)£1,700
- Mortgage Payment (IO)-£788
- Management (10%)-£170
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£642
Capital Returns
- 5yr Property Value£335,984
- 5yr Capital Gain (6.96% pa, historical)+£95,984
- 5yr Cumulative Rent (net, before lease costs)+£89,554
- Less mortgage interest-£47,280
- 5yr Total Return (before lease costs)+£138,258
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 | £256,704 | £76,704 | +£7,704 | +£24,408 | 31.9% |
| Year 2 | £274,571 | £94,571 | +£15,780 | +£50,351 | 65.9% |
| Year 3 | £293,681 | £113,681 | +£24,224 | +£77,905 | 102.0% |
| Year 4 | £314,121 | £134,121 | +£33,057 | +£107,178 | 140.3% |
| Year 5 | £335,984 | £155,984 | +£42,274 | +£138,258 | 181.0% |
Modelled on the live asking price. Capital growth 6.96% a year is the M9 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 (£76,400).
Price Forecast
No forecast available.