Apartment C4, Madison House, 92 Wrentham Street, Birmingham, B5 6QQ
Estimate of £139k for this flat/maisonette. 100 sales in B5 in the last 12 months; median £215k.
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)£750
- Mortgage Payment (IO)-£427
- Management (10%)-£75
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£148
Capital Returns
- 5yr Property Value£113,839
- 5yr Capital Gain (-2.62% pa, historical)-£16,161
- 5yr Cumulative Rent (net, before lease costs)+£36,156
- Less mortgage interest-£25,620
- 5yr Total Return (before lease costs)-£5,624
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 | £126,594 | £29,094 | +£1,776 | -£1,630 | -4.0% |
| Year 2 | £123,277 | £25,777 | +£3,720 | -£3,003 | -7.3% |
| Year 3 | £120,047 | £22,547 | +£5,824 | -£4,129 | -10.0% |
| Year 4 | £116,902 | £19,402 | +£8,090 | -£5,007 | -12.2% |
| Year 5 | £113,839 | £16,339 | +£10,536 | -£5,624 | -13.7% |
Modelled on the live asking price. Capital growth -2.62% a year is the B5 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.