Apartment B1208, Phoenix, Saxton Lane, Leeds, LS9 8GL
Estimate of £252k for this flat/maisonette. 325 sales in LS9 in the last 12 months; median £137k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£234,500
- SDLT standard£2,190
- SDLT BTL surcharge (5%)£11,725
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£250,515
Funding
- Deposit (25%)£58,625
- Mortgage (75% LTV)£175,875
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£74,640
Monthly Returns
- Monthly Rent (estimate)£1,450
- Mortgage Payment (IO)-£769
- Management (10%)-£145
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£436
Capital Returns
- 5yr Property Value£266,742
- 5yr Capital Gain (2.61% pa, historical)+£32,242
- 5yr Cumulative Rent (net, before lease costs)+£75,490
- Less mortgage interest-£46,140
- 5yr Total Return (before lease costs)+£61,592
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 | £240,620 | £64,745 | +£5,232 | +£11,352 | 15.2% |
| Year 2 | £246,901 | £71,026 | +£10,776 | +£23,177 | 31.1% |
| Year 3 | £253,345 | £77,470 | +£16,639 | +£35,484 | 47.5% |
| Year 4 | £259,957 | £84,082 | +£22,828 | +£48,285 | 64.7% |
| Year 5 | £266,742 | £90,867 | +£29,350 | +£61,592 | 82.5% |
Modelled on the live asking price. Capital growth 2.61% a year is the LS9 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 (£74,640).
Price Forecast
No forecast available.