Flat 5, 21 Old Lansdowne Road, Manchester, M20 2PB
Estimate of £185k for this converted flat. 529 sales in M20 in the last 12 months; median £352k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£175,000
- SDLT standard£1,000
- SDLT BTL surcharge (5%)£8,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£186,850
Funding
- Deposit (25%)£43,750
- Mortgage (75% LTV)£131,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£55,600
Monthly Returns
- Monthly Rent (estimate)£800
- Mortgage Payment (IO)-£574
- Management (10%)-£80
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£46
Capital Returns
- 5yr Property Value£202,971
- 5yr Capital Gain (3.01% pa, historical)+£27,971
- 5yr Cumulative Rent (net, before lease costs)+£38,955
- Less mortgage interest-£34,440
- 5yr Total Return (before lease costs)+£32,486
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 | £180,268 | £49,018 | +£552 | +£5,820 | 10.5% |
| Year 2 | £185,694 | £54,444 | +£1,272 | +£11,966 | 21.5% |
| Year 3 | £191,283 | £60,033 | +£2,176 | +£18,459 | 33.2% |
| Year 4 | £197,041 | £65,791 | +£3,255 | +£25,296 | 45.5% |
| Year 5 | £202,971 | £71,721 | +£4,515 | +£32,486 | 58.4% |
Modelled on the live asking price. Capital growth 3.01% a year is the M20 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 (£55,600).
Price Forecast
No forecast available.