31 Stanage Avenue, Manchester, M9 6HH
Estimate of £215k for this semi-detached house. 264 sales in M9 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£200,000
- SDLT standard£1,500
- SDLT BTL surcharge (5%)£10,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£213,600
Funding
- Deposit (25%)£50,000
- Mortgage (75% LTV)£150,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£63,600
Monthly Returns
- Monthly Rent (estimate)£1,500
- Mortgage Payment (IO)-£656
- Management (10%)-£150
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£594
Capital Returns
- 5yr Property Value£279,986
- 5yr Capital Gain (6.96% pa, historical)+£79,986
- 5yr Cumulative Rent (net, before lease costs)+£78,313
- Less mortgage interest-£39,360
- 5yr Total Return (before lease costs)+£118,939
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 | £213,920 | £63,920 | +£7,128 | +£21,048 | 33.1% |
| Year 2 | £228,809 | £78,809 | +£14,580 | +£43,389 | 68.2% |
| Year 3 | £244,734 | £94,734 | +£22,363 | +£67,097 | 105.5% |
| Year 4 | £261,767 | £111,767 | +£30,485 | +£92,252 | 145.1% |
| Year 5 | £279,986 | £129,986 | +£38,953 | +£118,939 | 187.0% |
Modelled on the live asking price. Capital growth 6.96% a year is the M9 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 (£63,600).
Price Forecast
No forecast available.