68 Lees Road, Ashton-under-Lyne, OL6 8BQ
Estimate of £279k 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£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)£1,850
- Mortgage Payment (IO)-£919
- Management (10%)-£185
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£646
Capital Returns
- 5yr Property Value£353,462
- 5yr Capital Gain (4.77% pa, historical)+£73,462
- 5yr Cumulative Rent (net)+£97,986
- Less mortgage interest-£55,140
- 5yr Total Return+£116,308
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 | £293,356 | £83,356 | +£7,752 | +£21,108 | 23.4% |
| Year 2 | £307,349 | £97,349 | +£15,900 | +£43,249 | 48.0% |
| Year 3 | £322,010 | £112,010 | +£24,465 | +£66,475 | 73.8% |
| Year 4 | £337,369 | £127,369 | +£33,444 | +£90,813 | 100.8% |
| Year 5 | £353,462 | £143,462 | +£42,846 | +£116,308 | 129.1% |
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 (£90,100).
Price Forecast
No forecast available.