2 Seale Avenue, Audenshaw, Manchester, M34 5WR
Estimate of £223k for this end terrace property. 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
- Asking Price£289,500
- SDLT standard£4,475
- SDLT BTL surcharge (5%)£14,475
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£310,550
Funding
- Deposit (25%)£72,375
- Mortgage (75% LTV)£217,125
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£93,425
Monthly Returns
- Monthly Rent (estimate)£1,300
- Mortgage Payment (IO)-£950
- Management (10%)-£130
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£120
Capital Returns
- 5yr Property Value£358,531
- 5yr Capital Gain (4.37% pa, historical)+£69,031
- 5yr Cumulative Rent (net)+£67,059
- Less mortgage interest-£57,000
- 5yr Total Return+£79,090
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 | £302,151 | £85,026 | +£1,440 | +£14,091 | 15.1% |
| Year 2 | £315,355 | £98,230 | +£3,156 | +£29,011 | 31.1% |
| Year 3 | £329,136 | £112,011 | +£5,166 | +£44,802 | 48.0% |
| Year 4 | £343,519 | £126,394 | +£7,465 | +£61,485 | 65.8% |
| Year 5 | £358,531 | £141,406 | +£10,059 | +£79,090 | 84.7% |
Modelled on the live asking price. 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. ROI is on cash required (£93,425).
Price Forecast
No forecast available.