6 Alger Mews, Ashton-under-Lyne, OL6 9NF
Estimate of £209k for this semi-detached 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£214,995
- SDLT standard£1,800
- SDLT BTL surcharge (5%)£10,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£229,645
Funding
- Deposit (25%)£53,749
- Mortgage (75% LTV)£161,246
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£68,399
Monthly Returns
- Monthly Rent (estimate)£1,400
- Mortgage Payment (IO)-£705
- Management (10%)-£140
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£455
Capital Returns
- 5yr Property Value£271,402
- 5yr Capital Gain (4.77% pa, historical)+£56,407
- 5yr Cumulative Rent (net, before lease costs)+£72,668
- Less mortgage interest-£42,300
- 5yr Total Return (before lease costs)+£86,775
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £225,250 | £64,004 | +£5,460 | +£15,715 | 23.0% |
| Year 2 | £235,995 | £74,748 | +£11,220 | +£32,220 | 47.1% |
| Year 3 | £247,252 | £86,005 | +£17,287 | +£49,543 | 72.4% |
| Year 4 | £259,046 | £97,799 | +£23,667 | +£67,718 | 99.0% |
| Year 5 | £271,402 | £110,156 | +£30,368 | +£86,775 | 126.9% |
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£68,399).
Price Forecast
No forecast available.