The Giddings, Blackburn Road, Higher Wheelton, Chorley, PR6 8JA
Estimate of £945k for this detached house. 388 sales in PR6 in the last 12 months; median £227k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£899,995
- SDLT standard£35,000
- SDLT BTL surcharge (5%)£45,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£982,095
Funding
- Deposit (25%)£224,999
- Mortgage (75% LTV)£674,996
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£307,099
Monthly Returns
- Monthly Rent (estimate)£3,600
- Mortgage Payment (IO)-£2,953
- Management (10%)-£360
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£187
Capital Returns
- 5yr Property Value£1,118,877
- 5yr Capital Gain (4.45% pa, historical)+£218,882
- 5yr Cumulative Rent (net)+£196,327
- Less mortgage interest-£177,180
- 5yr Total Return+£238,028
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.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £940,045 | £265,049 | +£2,244 | +£42,294 | 13.8% |
| Year 2 | £981,877 | £306,881 | +£5,268 | +£87,150 | 28.4% |
| Year 3 | £1,025,570 | £350,574 | +£9,077 | +£134,653 | 43.8% |
| Year 4 | £1,071,208 | £396,212 | +£13,701 | +£184,915 | 60.2% |
| Year 5 | £1,118,877 | £443,881 | +£19,147 | +£238,028 | 77.5% |
Modelled on the live asking price. Capital growth 4.45% a year is the PR6 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. ROI is on cash required (£307,099).
Price Forecast
No forecast available.