8 Heys Close North, Wardley, Swinton, Manchester, M27 9GG
Estimate of £264k for this semi-detached house. 449 sales in M27 in the last 12 months; median £222k.
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)£1,800
- Mortgage Payment (IO)-£722
- Management (10%)-£180
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£798
Capital Returns
- 5yr Property Value£259,780
- 5yr Capital Gain (3.38% pa, historical)+£39,780
- 5yr Cumulative Rent (net, before lease costs)+£95,163
- Less mortgage interest-£43,320
- 5yr Total Return (before lease costs)+£91,623
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 | £227,436 | £62,436 | +£9,576 | +£17,012 | 24.3% |
| Year 2 | £235,123 | £70,123 | +£19,536 | +£34,659 | 49.5% |
| Year 3 | £243,071 | £78,071 | +£29,901 | +£52,971 | 75.7% |
| Year 4 | £251,286 | £86,286 | +£40,667 | +£71,953 | 102.8% |
| Year 5 | £259,780 | £94,780 | +£51,843 | +£91,623 | 130.9% |
Modelled on the live asking price. Capital growth 3.38% a year is the M27 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 (£70,000).
Price Forecast
No forecast available.