409 Kings Road, Ashton-under-Lyne, OL6 9EX
Estimate of £467k for this end terrace house. 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£450,000
- SDLT standard£12,500
- SDLT BTL surcharge (5%)£22,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£487,100
Funding
- Deposit (25%)£112,500
- Mortgage (75% LTV)£337,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£149,600
Monthly Returns
- Monthly Rent (estimate)£3,300
- Mortgage Payment (IO)-£1,477
- Management (10%)-£330
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£1,393
Capital Returns
- 5yr Property Value£568,064
- 5yr Capital Gain (4.77% pa, historical)+£118,064
- 5yr Cumulative Rent (net)+£179,476
- Less mortgage interest-£88,620
- 5yr Total Return+£208,920
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 | £471,465 | £133,965 | +£16,716 | +£38,181 | 25.5% |
| Year 2 | £493,954 | £156,454 | +£34,140 | +£78,094 | 52.2% |
| Year 3 | £517,515 | £180,015 | +£52,300 | +£119,815 | 80.1% |
| Year 4 | £542,201 | £204,701 | +£71,200 | +£163,401 | 109.2% |
| Year 5 | £568,064 | £230,564 | +£90,856 | +£208,920 | 139.7% |
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 (£149,600).
Price Forecast
No forecast available.