136 Old Market Street, Manchester, M9 8FH
Estimate of £240k for this end terrace 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)£1,850
- Mortgage Payment (IO)-£788
- Management (10%)-£185
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£777
Capital Returns
- 5yr Property Value£335,984
- 5yr Capital Gain (6.96% pa, historical)+£95,984
- 5yr Cumulative Rent (net)+£97,986
- Less mortgage interest-£47,280
- 5yr Total Return+£146,689
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.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £256,704 | £76,704 | +£9,324 | +£26,028 | 34.1% |
| Year 2 | £274,571 | £94,571 | +£19,044 | +£53,615 | 70.2% |
| Year 3 | £293,681 | £113,681 | +£29,181 | +£82,862 | 108.5% |
| Year 4 | £314,121 | £134,121 | +£39,732 | +£113,853 | 149.0% |
| Year 5 | £335,984 | £155,984 | +£50,706 | +£146,689 | 192.0% |
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. ROI is on cash required (£76,400).
Price Forecast
No forecast available.