Apartment 1, 16 Kilmaine Avenue, Manchester, M9 7FN
Estimate of £123k for this flat/maisonette. 264 sales in M9 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£130,000
- SDLT standard£100
- SDLT BTL surcharge (5%)£6,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£138,700
Funding
- Deposit (25%)£32,500
- Mortgage (75% LTV)£97,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£41,200
Monthly Returns
- Monthly Rent (estimate)£900
- Mortgage Payment (IO)-£427
- Management (10%)-£90
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£283
Capital Returns
- 5yr Property Value£181,991
- 5yr Capital Gain (6.96% pa, historical)+£51,991
- 5yr Cumulative Rent (net, before lease costs)+£44,576
- Less mortgage interest-£25,620
- 5yr Total Return (before lease costs)+£70,947
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 | £139,048 | £41,548 | +£3,396 | +£12,444 | 30.2% |
| Year 2 | £148,726 | £51,226 | +£6,984 | +£25,710 | 62.4% |
| Year 3 | £159,077 | £61,577 | +£10,768 | +£39,845 | 96.7% |
| Year 4 | £170,149 | £72,649 | +£14,753 | +£54,902 | 133.3% |
| Year 5 | £181,991 | £84,491 | +£18,956 | +£70,947 | 172.2% |
Modelled on the live asking price. Capital growth 6.96% a year is the M9 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 (£41,200).
Price Forecast
No forecast available.