61 Bowness Road, Ashton-under-Lyne, OL7 9HH
Estimate of £194k for this semi-detached house. 132 sales in OL7 in the last 12 months; median £182k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£220,000
- SDLT standard£1,900
- SDLT BTL surcharge (5%)£11,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£235,000
Funding
- Deposit (25%)£55,000
- Mortgage (75% LTV)£165,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£70,000
Monthly Returns
- Monthly Rent (estimate)£1,050
- Mortgage Payment (IO)-£722
- Management (10%)-£105
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£123
Capital Returns
- 5yr Property Value£285,222
- 5yr Capital Gain (5.33% pa, historical)+£65,222
- 5yr Cumulative Rent (net)+£53,019
- Less mortgage interest-£43,320
- 5yr Total Return+£74,921
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 | £231,726 | £66,726 | +£1,476 | +£13,202 | 18.9% |
| Year 2 | £244,077 | £79,077 | +£3,180 | +£27,257 | 38.9% |
| Year 3 | £257,086 | £92,086 | +£5,117 | +£42,203 | 60.3% |
| Year 4 | £270,789 | £105,789 | +£7,292 | +£58,081 | 83.0% |
| Year 5 | £285,222 | £120,222 | +£9,699 | +£74,921 | 107.0% |
Modelled on the live asking price. Capital growth 5.33% a year is the OL7 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 (£70,000).
Price Forecast
No forecast available.