28 Viceroy Court, Wilmslow Road, Manchester, M20 2RJ
Estimate of £304k for this flat/maisonette. 529 sales in M20 in the last 12 months; median £352k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£20,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£22,100
Funding
- Deposit (25%)£5,000
- Mortgage (75% LTV)£15,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£7,100
Monthly Returns
- Monthly Rent (estimate)£1,300
- Mortgage Payment (IO)-£66
- Management (10%)-£130
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£1,004
Capital Returns
- 5yr Property Value£23,197
- 5yr Capital Gain (3.01% pa, historical)+£3,197
- 5yr Cumulative Rent (net, before lease costs)+£67,059
- Less mortgage interest-£3,960
- 5yr Total Return (before lease costs)+£66,296
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. 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 | £20,602 | £5,602 | +£12,048 | +£12,650 | 178.2% |
| Year 2 | £21,222 | £6,222 | +£24,372 | +£25,594 | 360.5% |
| Year 3 | £21,861 | £6,861 | +£36,990 | +£38,851 | 547.2% |
| Year 4 | £22,519 | £7,519 | +£49,897 | +£52,416 | 738.3% |
| Year 5 | £23,197 | £8,197 | +£63,099 | +£66,296 | 933.7% |
Modelled on the live asking price. Capital growth 3.01% a year is the M20 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 (£7,100).
Price Forecast
No forecast available.