23 Harrisons Road, Birmingham, B15 3QR
Estimate of £824k for this semi-detached house. 101 sales in B15 in the last 12 months; median £242k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£410,000
- SDLT standard£10,500
- SDLT BTL surcharge (5%)£20,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£443,100
Funding
- Deposit (25%)£102,500
- Mortgage (75% LTV)£307,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£135,600
Monthly Returns
- Monthly Rent (estimate)£3,050
- Mortgage Payment (IO)-£1,345
- Management (10%)-£305
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£1,300
Capital Returns
- 5yr Property Value£342,212
- 5yr Capital Gain (-3.55% pa, historical)-£67,788
- 5yr Cumulative Rent (net)+£165,424
- Less mortgage interest-£80,700
- 5yr Total Return+£16,936
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 | £395,445 | £87,945 | +£15,600 | +£1,045 | 0.8% |
| Year 2 | £381,407 | £73,907 | +£31,860 | +£3,267 | 2.4% |
| Year 3 | £367,867 | £60,367 | +£48,795 | +£6,661 | 4.9% |
| Year 4 | £354,807 | £47,307 | +£66,407 | +£11,214 | 8.3% |
| Year 5 | £342,212 | £34,712 | +£84,724 | +£16,936 | 12.5% |
Modelled on the live asking price. Capital growth -3.55% a year is the B15 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 (£135,600).
Price Forecast
No forecast available.