94 Waverley Crescent, Droylsden, Manchester, M43 7WL
Estimate of £259k for this semi-detached house. 223 sales in M43 in the last 12 months; median £220k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£245,000
- SDLT standard£2,400
- SDLT BTL surcharge (5%)£12,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£261,750
Funding
- Deposit (25%)£61,250
- Mortgage (75% LTV)£183,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£78,000
Monthly Returns
- Monthly Rent (estimate)£1,000
- Mortgage Payment (IO)-£804
- Management (10%)-£100
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£4
Capital Returns
- 5yr Property Value£332,688
- 5yr Capital Gain (6.31% pa, historical)+£87,688
- 5yr Cumulative Rent (net, before lease costs)+£50,208
- Less mortgage interest-£48,240
- 5yr Total Return (before lease costs)+£89,656
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 | £260,459 | £76,709 | -£48 | +£15,411 | 19.8% |
| Year 2 | £276,894 | £93,144 | +£120 | +£32,014 | 41.0% |
| Year 3 | £294,367 | £110,617 | +£509 | +£49,875 | 63.9% |
| Year 4 | £312,941 | £129,191 | +£1,123 | +£69,064 | 88.5% |
| Year 5 | £332,688 | £148,938 | +£1,968 | +£89,656 | 114.9% |
Modelled on the live asking price. Capital growth 6.31% a year is the M43 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 (£78,000).
Price Forecast
No forecast available.