Apartment 201, Spinners Yard, 24 Skinner Lane, Leeds, LS7 1EB
Estimate of £121k for this flat/maisonette. 211 sales in LS7 in the last 12 months; median £271k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£125,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£6,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£133,350
Funding
- Deposit (25%)£31,250
- Mortgage (75% LTV)£93,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£39,600
Monthly Returns
- Monthly Rent (estimate)£650
- Mortgage Payment (IO)-£410
- Management (10%)-£65
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£75
Capital Returns
- 5yr Property Value£174,746
- 5yr Capital Gain (6.93% pa, historical)+£49,746
- 5yr Cumulative Rent (net, before lease costs)+£30,536
- Less mortgage interest-£24,600
- 5yr Total Return (before lease costs)+£55,682
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 | £133,662 | £39,912 | +£900 | +£9,562 | 24.1% |
| Year 2 | £142,925 | £49,175 | +£1,944 | +£19,869 | 50.2% |
| Year 3 | £152,830 | £59,080 | +£3,123 | +£30,953 | 78.2% |
| Year 4 | £163,421 | £69,671 | +£4,453 | +£42,874 | 108.3% |
| Year 5 | £174,746 | £80,996 | +£5,936 | +£55,682 | 140.6% |
Modelled on the live asking price. Capital growth 6.93% a year is the LS7 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 (£39,600).
Price Forecast
No forecast available.