41 Woodbridge Avenue, Audenshaw, Manchester, M34 5LN
Estimate of £179k 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
- Asking Price£180,000
- SDLT standard£1,100
- SDLT BTL surcharge (5%)£9,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£192,200
Funding
- Deposit (25%)£45,000
- Mortgage (75% LTV)£135,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£57,200
Monthly Returns
- Monthly Rent (estimate)£1,150
- Mortgage Payment (IO)-£591
- Management (10%)-£115
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£344
Capital Returns
- 5yr Property Value£222,921
- 5yr Capital Gain (4.37% pa, historical)+£42,921
- 5yr Cumulative Rent (net)+£58,640
- Less mortgage interest-£35,460
- 5yr Total Return+£66,101
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 | £187,866 | £52,866 | +£4,128 | +£11,994 | 21.0% |
| Year 2 | £196,076 | £61,076 | +£8,508 | +£24,584 | 43.0% |
| Year 3 | £204,644 | £69,644 | +£13,134 | +£37,778 | 66.0% |
| Year 4 | £213,587 | £78,587 | +£18,022 | +£51,609 | 90.2% |
| Year 5 | £222,921 | £87,921 | +£23,180 | +£66,101 | 115.6% |
Modelled on the live asking price. 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 (£57,200).
Price Forecast
No forecast available.