3 Benthall Walk, Denton, Manchester, M34 6NZ
Estimate of £214k for this mid terrace house. 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
- Estimated Value£214,000
- SDLT standard£1,780
- SDLT BTL surcharge (5%)£10,700
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£228,580
Funding
- Deposit (25%)£53,500
- Mortgage (75% LTV)£160,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£68,080
Monthly Returns
- Monthly Rent (estimate)£1,300
- Mortgage Payment (IO)-£702
- Management (10%)-£130
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£368
Capital Returns
- 5yr Property Value£265,028
- 5yr Capital Gain (4.37% pa, historical)+£51,028
- 5yr Cumulative Rent (net)+£67,059
- Less mortgage interest-£42,120
- 5yr Total Return+£75,967
Modelled on the estimated value: the property is not on the market. 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 | £223,352 | £62,852 | +£4,416 | +£13,768 | 20.2% |
| Year 2 | £233,112 | £72,612 | +£9,108 | +£28,220 | 41.5% |
| Year 3 | £243,299 | £82,799 | +£14,094 | +£43,394 | 63.7% |
| Year 4 | £253,931 | £93,431 | +£19,369 | +£59,301 | 87.1% |
| Year 5 | £265,028 | £104,528 | +£24,939 | +£75,967 | 111.6% |
Modelled on the estimated value: the property is not on the market. 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 (£68,080).
Price Forecast
No forecast available.