Flat 93, 1 Vesta Street, Manchester, M4 6LU

UPRN:10094428061Purpose Built Flat1 bedsBuilt -

LeaseholdCouncil Tax: Band BEPC: B (85)

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

Valuation estimateUpdated yesterday

£213,000

Estimated value

Range: £191k - £234k|Last sold: £180k (2020-03-20)

Estimate of £213k for this purpose built flat. 289 sales in M4 in the last 12 months; median £228k.

Estimate confidence

Medium confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£213k

£191k - £234k - Medium confidence

Annualised (CAGR)

-5.86%

Over the full window

Peak estimate

£303k

Dec 2020

From peak

-29.70%

Drawdown from peak

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

Growth by window

-0.93%

-1.39%

12m

-3.62%

24m

-7.79%

60m

+1.91%

Rental Market

Monthly

Estimated rent (pcm)

£1,250

/ month

Gross yield

7.14%

Rent ÷ asking price

Net yield

4.95%

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

+20.1%

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

£180k

2020-03-20

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£210,000
SDLT standard£1,700
SDLT BTL surcharge (5%)£10,500
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£224,300

Funding

Deposit (25%)£52,500
Mortgage (75% LTV)£157,500
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£66,800

Monthly Returns

Monthly Rent (estimate)£1,250
Mortgage Payment (IO)-£689
Management (10%)-£125
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£336

Capital Returns

5yr Property Value£184,461
5yr Capital Gain (-2.56% pa, historical)-£25,539
5yr Cumulative Rent (net, before lease costs)+£64,249
Less mortgage interest-£41,340
5yr Total Return (before lease costs)-£2,630

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	£204,624	£47,124	+£4,032	-£1,344	-2.0%
Year 2	£199,386	£41,886	+£8,328	-£2,286	-3.4%
Year 3	£194,281	£36,781	+£12,906	-£2,813	-4.2%
Year 4	£189,308	£31,808	+£17,760	-£2,932	-4.4%
Year 5	£184,461	£26,961	+£22,909	-£2,630	-3.9%

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 (£66,800).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,115

Population

Signal

2.8%

Households Deprived

Upside Opportunities

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