38 Dingle Drive, Droylsden, Manchester, M43 7NR
Estimate of £216k for this terrace property. 223 sales in M43 in the last 12 months; median £220k.
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)£1,450
- Mortgage Payment (IO)-£656
- Management (10%)-£145
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£549
Capital Returns
- 5yr Property Value£271,582
- 5yr Capital Gain (6.31% pa, historical)+£71,582
- 5yr Cumulative Rent (net)+£75,490
- Less mortgage interest-£39,360
- 5yr Total Return+£107,712
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 | £212,620 | £62,620 | +£6,588 | +£19,208 | 30.2% |
| Year 2 | £226,036 | £76,036 | +£13,488 | +£39,524 | 62.1% |
| Year 3 | £240,299 | £90,299 | +£20,707 | +£61,006 | 95.9% |
| Year 4 | £255,462 | £105,462 | +£28,252 | +£83,714 | 131.6% |
| Year 5 | £271,582 | £121,582 | +£36,130 | +£107,712 | 169.4% |
Modelled on the live asking price. Capital growth 6.31% a year is the M43 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 (£63,600).
Price Forecast
No forecast available.