22 Manor Farm Close, Ashton-under-Lyne, OL7 9LS
Estimate of £310k for this terrace property. 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£320,000
- SDLT standard£6,000
- SDLT BTL surcharge (5%)£16,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£344,100
Funding
- Deposit (25%)£80,000
- Mortgage (75% LTV)£240,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£104,100
Monthly Returns
- Monthly Rent (estimate)£2,050
- Mortgage Payment (IO)-£1,050
- Management (10%)-£205
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£695
Capital Returns
- 5yr Property Value£414,868
- 5yr Capital Gain (5.33% pa, historical)+£94,868
- 5yr Cumulative Rent (net)+£109,215
- Less mortgage interest-£63,000
- 5yr Total Return+£141,084
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 | £337,056 | £97,056 | +£8,340 | +£25,396 | 24.4% |
| Year 2 | £355,021 | £115,021 | +£17,124 | +£52,145 | 50.1% |
| Year 3 | £373,944 | £133,944 | +£26,362 | +£80,306 | 77.1% |
| Year 4 | £393,875 | £153,875 | +£36,052 | +£109,926 | 105.6% |
| Year 5 | £414,868 | £174,868 | +£46,215 | +£141,084 | 135.5% |
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 (£104,100).
Price Forecast
No forecast available.