Flat 1, 58 Talbot Road, Old Trafford, Manchester, M16 0PN
Estimate of £200k for this flat/maisonette. 262 sales in M16 in the last 12 months; median £286k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£213,000
- SDLT standard£1,760
- SDLT BTL surcharge (5%)£10,650
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£227,510
Funding
- Deposit (25%)£53,250
- Mortgage (75% LTV)£159,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£67,760
Monthly Returns
- Monthly Rent (estimate)£1,150
- Mortgage Payment (IO)-£699
- Management (10%)-£115
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£236
Capital Returns
- 5yr Property Value£279,572
- 5yr Capital Gain (5.59% pa, historical)+£66,572
- 5yr Cumulative Rent (net, before lease costs)+£58,640
- Less mortgage interest-£41,940
- 5yr Total Return (before lease costs)+£83,272
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 | £224,907 | £65,157 | +£2,832 | +£14,739 | 21.8% |
| Year 2 | £237,479 | £77,729 | +£5,916 | +£30,395 | 44.9% |
| Year 3 | £250,754 | £91,004 | +£9,246 | +£47,000 | 69.4% |
| Year 4 | £264,771 | £105,021 | +£12,838 | +£64,609 | 95.4% |
| Year 5 | £279,572 | £119,822 | +£16,700 | +£83,272 | 122.9% |
Modelled on the live asking price. Capital growth 5.59% a year is the M16 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 (£67,760).
Price Forecast
No forecast available.