19 Benthall Walk, Denton, Manchester, M34 6NZ
Estimate of £62k for this flat/maisonette. 445 sales in M34 in the last 12 months; median £218k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£62,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£3,100
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£67,200
Funding
- Deposit (25%)£15,500
- Mortgage (75% LTV)£46,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£20,700
Monthly Returns
- Monthly Rent (estimate)£350
- Mortgage Payment (IO)-£203
- Management (10%)-£35
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£12
Capital Returns
- 5yr Property Value£76,784
- 5yr Capital Gain (4.37% pa, historical)+£14,784
- 5yr Cumulative Rent (net, before lease costs)+£13,673
- Less mortgage interest-£12,180
- 5yr Total Return (before lease costs)+£16,277
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 | £64,709 | £18,209 | +£144 | +£2,853 | 13.8% |
| Year 2 | £67,537 | £21,037 | +£360 | +£5,897 | 28.5% |
| Year 3 | £70,489 | £23,989 | +£662 | +£9,150 | 44.2% |
| Year 4 | £73,569 | £27,069 | +£1,039 | +£12,608 | 60.9% |
| Year 5 | £76,784 | £30,284 | +£1,493 | +£16,277 | 78.6% |
Modelled on the estimated value: the property is not on the market. Capital growth 4.37% a year is the M34 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 (£20,700).
Price Forecast
No forecast available.