17 Reins Lee Road, Ashton-under-Lyne, OL7 9QB
Estimate of £274k for this mid terrace house. 132 sales in OL7 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£265,000
- SDLT standard£3,250
- SDLT BTL surcharge (5%)£13,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£283,600
Funding
- Deposit (25%)£66,250
- Mortgage (75% LTV)£198,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£84,850
Monthly Returns
- Monthly Rent (estimate)£1,800
- Mortgage Payment (IO)-£870
- Management (10%)-£180
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£650
Capital Returns
- 5yr Property Value£343,563
- 5yr Capital Gain (5.33% pa, historical)+£78,563
- 5yr Cumulative Rent (net)+£95,163
- Less mortgage interest-£52,200
- 5yr Total Return+£121,526
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 | £279,124 | £80,374 | +£7,800 | +£21,924 | 25.8% |
| Year 2 | £294,002 | £95,252 | +£15,984 | +£44,986 | 53.0% |
| Year 3 | £309,672 | £110,922 | +£24,573 | +£69,245 | 81.6% |
| Year 4 | £326,178 | £127,428 | +£33,563 | +£94,740 | 111.7% |
| Year 5 | £343,563 | £144,813 | +£42,963 | +£121,526 | 143.2% |
Modelled on the live asking price. Capital growth 5.33% a year is the OL7 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 (£84,850).
Price Forecast
No forecast available.