The Rising, 16A Dovecote, Droylsden, Manchester, M43 7TP
Estimate of £367k for this semi-detached house. 223 sales in M43 in the last 12 months; median £220k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£367,000
- SDLT standard£8,350
- SDLT BTL surcharge (5%)£18,350
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£395,800
Funding
- Deposit (25%)£91,750
- Mortgage (75% LTV)£275,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£120,550
Monthly Returns
- Monthly Rent (estimate)£2,400
- Mortgage Payment (IO)-£1,204
- Management (10%)-£240
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£856
Capital Returns
- 5yr Property Value£498,353
- 5yr Capital Gain (6.31% pa, historical)+£131,353
- 5yr Cumulative Rent (net)+£128,876
- Less mortgage interest-£72,240
- 5yr Total Return+£187,989
Modelled on the estimated value: the property is not on the market. 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 | £390,158 | £114,908 | +£10,272 | +£33,430 | 27.7% |
| Year 2 | £414,777 | £139,527 | +£21,060 | +£68,837 | 57.1% |
| Year 3 | £440,949 | £165,699 | +£32,376 | +£106,325 | 88.2% |
| Year 4 | £468,773 | £193,523 | +£44,230 | +£146,003 | 121.1% |
| Year 5 | £498,353 | £223,103 | +£56,636 | +£187,989 | 155.9% |
Modelled on the estimated value: the property is not on the market. Capital growth 6.31% a year is the M43 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 (£120,550).
Price Forecast
No forecast available.