34 Reyner Street, Ashton-under-Lyne, OL6 6RU
Estimate of £139k for this terraced. 253 sales in OL6 in the last 12 months; median £178k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£140,000
- SDLT standard£300
- SDLT BTL surcharge (5%)£7,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£149,400
Funding
- Deposit (25%)£35,000
- Mortgage (75% LTV)£105,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£44,400
Monthly Returns
- Monthly Rent (estimate)£1,000
- Mortgage Payment (IO)-£459
- Management (10%)-£100
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£341
Capital Returns
- 5yr Property Value£176,731
- 5yr Capital Gain (4.77% pa, historical)+£36,731
- 5yr Cumulative Rent (net)+£50,208
- Less mortgage interest-£27,540
- 5yr Total Return+£59,399
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 | £146,678 | £41,678 | +£4,092 | +£10,770 | 24.3% |
| Year 2 | £153,675 | £48,675 | +£8,400 | +£22,075 | 49.7% |
| Year 3 | £161,005 | £56,005 | +£12,929 | +£33,934 | 76.4% |
| Year 4 | £168,685 | £63,685 | +£17,683 | +£46,368 | 104.4% |
| Year 5 | £176,731 | £71,731 | +£22,668 | +£59,399 | 133.8% |
Modelled on the live asking price. Capital growth 4.77% a year is the OL6 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 (£44,400).
Price Forecast
No forecast available.