Flat 28, Halo House, 27 Simpson Street, Manchester, M4 4GB

UPRN:10094092248Flat/Maisonette0 bedsBuilt -

LeaseholdCouncil Tax: Band CEPC: C (80)

Data freshness:Listing· freshPlanning· 4mo agoEPC· 5mo agoRisk· 2y agoAmenities· 1mo agoArea· Census 2021

Valuation estimateUpdated yesterday

£185,000

Estimated value

Range: £166k - £203k|Last sold: £187k (2019-04-10)

Estimate of £185k for this flat/maisonette. 289 sales in M4 in the last 12 months; median £228k.

Estimate confidence

Medium confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£185k

£166k - £203k - Medium confidence

Annualised (CAGR)

-0.75%

Over the full window

Peak estimate

£221k

Nov 2024

From peak

-16.29%

Drawdown from peak

AVM estimate (model)Repeat-sales index - M4 district (quarterly)index YoY -18.04%

Growth by window

-2.63%

-2.12%

12m

-7.04%

24m

-15.53%

60m

-5.61%

Rental Market

Monthly

Estimated rent (pcm)

£1,100

/ month

Gross yield

11.00%

Rent ÷ asking price

Net yield

7.63%

Assumes ~31% running costs (not this property's)

Vacancy trend

12-month change

Market Metrics

6 live signals

Median Area Price

£228k

M4 sales, last 12 months

12m Price Growth

M4 median, Land Registry

Days on Market

149d

M4 average

Sales & Yield

3 metrics

Transactions / 12m

289

M4 sales

Area Gross Yield

6.45%

M4 medians

Last Sold

£187k

2019-04-10

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£120,000
SDLT standard£0
SDLT BTL surcharge (5%)£6,000
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£128,100

Funding

Deposit (25%)£30,000
Mortgage (75% LTV)£90,000
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£38,100

Monthly Returns

Monthly Rent (estimate)£1,100
Mortgage Payment (IO)-£394
Management (10%)-£110
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£496

Capital Returns

5yr Property Value£105,407
5yr Capital Gain (-2.56% pa, historical)-£14,593
5yr Cumulative Rent (net, before lease costs)+£55,829
Less mortgage interest-£23,640
5yr Total Return (before lease costs)+£17,596

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

BTL · Interest Only

Year	Property Value	Equity	Cashflow (cumulative)	Total Return	ROI
Year 1	£116,928	£26,928	+£5,952	+£2,880	7.6%
Year 2	£113,935	£23,935	+£12,144	+£6,079	16.0%
Year 3	£111,018	£21,018	+£18,581	+£9,599	25.2%
Year 4	£108,176	£18,176	+£25,257	+£13,433	35.3%
Year 5	£105,407	£15,407	+£32,189	+£17,596	46.2%

Modelled on the live asking price. Capital growth -2.56% a year is the M4 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 (£38,100).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,691

Population

Signal

2.4%

Households Deprived

Upside Opportunities

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