22 Detroit Avenue, Leeds, LS15 8NS
Estimate of £265k for this semi-detached house. 374 sales in LS15 in the last 12 months; median £261k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£250,000
- SDLT standard£2,500
- SDLT BTL surcharge (5%)£12,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£267,100
Funding
- Deposit (25%)£62,500
- Mortgage (75% LTV)£187,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£79,600
Monthly Returns
- Monthly Rent (estimate)£1,250
- Mortgage Payment (IO)-£820
- Management (10%)-£125
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£205
Capital Returns
- 5yr Property Value£278,873
- 5yr Capital Gain (2.21% pa, historical)+£28,873
- 5yr Cumulative Rent (net)+£64,249
- Less mortgage interest-£49,200
- 5yr Total Return+£43,922
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 | £255,525 | £68,025 | +£2,460 | +£7,985 | 10.0% |
| Year 2 | £261,172 | £73,672 | +£5,184 | +£16,356 | 20.5% |
| Year 3 | £266,944 | £79,444 | +£8,190 | +£25,134 | 31.6% |
| Year 4 | £272,843 | £85,343 | +£11,472 | +£34,316 | 43.1% |
| Year 5 | £278,873 | £91,373 | +£15,049 | +£43,922 | 55.2% |
Modelled on the live asking price. Capital growth 2.21% a year is the LS15 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 (£79,600).
Price Forecast
No forecast available.