51 Granada Road, Denton, Manchester, M34 2JZ
Estimate of £280k for this semi-detached 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£280,000
- SDLT standard£4,000
- SDLT BTL surcharge (5%)£14,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£300,100
Funding
- Deposit (25%)£70,000
- Mortgage (75% LTV)£210,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£90,100
Monthly Returns
- Monthly Rent (estimate)£1,600
- Mortgage Payment (IO)-£919
- Management (10%)-£160
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£421
Capital Returns
- 5yr Property Value£346,766
- 5yr Capital Gain (4.37% pa, historical)+£66,766
- 5yr Cumulative Rent (net)+£83,934
- Less mortgage interest-£55,140
- 5yr Total Return+£95,560
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 | £292,236 | £82,236 | +£5,052 | +£17,288 | 19.2% |
| Year 2 | £305,007 | £95,007 | +£10,452 | +£35,459 | 39.4% |
| Year 3 | £318,336 | £108,336 | +£16,208 | +£54,543 | 60.5% |
| Year 4 | £332,247 | £122,247 | +£22,315 | +£74,562 | 82.8% |
| Year 5 | £346,766 | £136,766 | +£28,794 | +£95,560 | 106.1% |
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 (£90,100).
Price Forecast
No forecast available.