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Year 5 disposal
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35/ 100
Weak
7.47% return before costs — verify the rent + comps locally.
Why it works
- 7.47% return before costs — above-market
- Stress Rent-covers-mortgage check PASS at 6.5% rate stress — lender-friendly
Why to be cautious
- Service charge unknown — could swing £100-300/mo
- Monthly profit −£138/mo — mildly negative — equity build may cover
- -1.8% 5y IRR — capital outlay disproportionate to returns
- EPC band not stated — verify the certificate before offering (2030 MEES minimum is band C).
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
Monthly cashflow
−£138/mo
You top up £138/mo
Price
£210K
No local sold comps to compare
Return · IRR
-1.8%/yr
Loses money over 5 years
Cash to get in
£82K
Deposit + fees + refurb
Return before costs on price 7.47%5-yr return on cash -3%Rent est. £1,308 (£1,237–£1,383)
How we define each return: On price — gross yield = annual rent ÷ purchase price. On cost — net yield ÷ total project cost (price + refurb + fees). On cash — cash-on-cash & ROI ÷ the actual cash you put in (deposit + costs).
What-if calculator
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £1,237–£1,383/mo · n=221
Financing
DepositYour cash in — the rest is the mortgage25% · £52,500
Standard 75% LTV for BTL
Mortgage rate5y fixed5.5%
5-year fixed (market average) — 5.50% (as of 2026-05).
Mortgage term (years)
Stress rate6.5%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£8,073–£15,070 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £157,500 loan + £1,000 booking fee
Running costs
Management10%
Typical BTL agency rate
Void weeks
Typical voids for BTL
Insurance (£/mo)
Typical BTL building+landlord cover for £200K–£400K
Maintenance (£/mo)
Semi/flat: £67/mo proxy
Leasehold costs
Result · Rent it out
Monthly profit
-£138
after mortgage, operating costs & tax
Rent in£1,308/mo gross
£1,258/mo collected · £50/mo lost to voids
Where it goes
£820Mortgage£575Costs
Outgoings exceed rent — you top up £138/mo
Mortgage£820
Costs£575
Management£131
Maintenance£67
Insurance£28
CapEx reserve£65
Voids + council tax£5
Service charge + ground rent£175
Ltd co. accounts£104
Tax—
Shortfall−£138
Returns
Return before costs on price7.47%
Cash return on cash-2.03%
Gross margin£682
Cash needed£81,614
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress1.47
Rent-covers-mortgage check PASS · stress 6.5% (target 1.45)
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
| Year | Gross Rent | Op Costs | Mortgage | Equity Built | Tax | Net | Cumulative |
|---|---|---|---|---|---|---|---|
| Year 1 | £15,696 | £6,903 | £9,844 | £0 | £0 | -£1,051 | -£1,051 |
| Year 2 | £16,167 | £7,110 | £9,844 | £0 | £0 | -£787 | -£1,838 |
| Year 3 | £16,652 | £7,323 | £9,844 | £0 | £0 | -£515 | -£2,353 |
| Year 4 | £17,151 | £7,543 | £9,844 | £0 | £0 | -£235 | -£2,588 |
| Year 5 | £17,666 | £7,769 | £9,844 | £0 | £10 | £43 | -£2,545 |
Disposal gain (gross)-£8,903
CGT£0
Net Disposal proceeds£226,061
What we verified
What we verified
23062 ok · 3 caution · 0 fail · 6 unknown
Legal & planning
LeaseholdLeasehold
Tenure & planningLeasehold
Legal & planning
2 checks- TenureUnknown
- Lease lengthUnknown
Building condition
Energy ratingUnknown
EPC& 2030 deadlineEPC register
EPC band not available in the listing. The 2030 MEES minimum is band C — verify the certificate before offering.
EPC band from listing · verify certificate before exchanging
Find EPC certificate →Cladding safety certificateNot stated on the listing
EWS1& cladding statusListing signal
OKInfoVerifyCritical
Severity
Inferred from listing text
Verify
Lender impact
No EWS1 / floor info in description. Buildings > 11 m need EWS1 or PAS 9980 — confirm height + status with the agent before offering.
Verify with lender
A1/A2 = mortgageable · B1 = mortgageable with plan · B2 = remediation required
RICS EWS1 guidance →HeritageNot stated on the listing
Heritage& planning constraintsCADW register
We don't ingest the NHLE bulk register, so we can't flag listed-building or conservation-area status for this address from our data alone. Use the official registry to verify before exchanging.
Area
Flood riskChecking…
FloodriskEA
Crime riskChecking…
Crimeriskpolice.uk
SchoolsNo postcode
Schools& Ofsted catchmentGIAS register
No schools indexed for this postcode sector.
Investor
Tenant profileMixed demand
Tenant profilelikely cohort2 bed
Primary profile
Mixed demand
Nearest university
for student-let assessment
Manchester Metropolitan · 1.8 km
Reason
Mixed-demand area without a single dominant tenant cohort. Local lettings agent can clarify.
Heuristic from postcode + bedrooms + nearest-university distance · verify locally
Refurb costEstimate ready
Refurb cost& works budgetQ1 2026 rates
New kitchen + bathroom + light replumb + decor.
Total estimate
2-bed · 1-bath · 810 sqft
£22k–£43k
£ per sqft
building cost only
£27–£53
Per-item breakdown (4 lines)
- Kitchen · Full unit replacement£3,840–£8,640
- 1 × bathroom · Full strip + retile£3,325–£6,650
- Paint + decor£5,670–£10,530
- Flooring · Carpet on bedrooms + LVT/laminate downstairs£8,910–£17,010
Guide rates · UK May 2026 · sqft auto-estimated from beds
Tier-based bands — get a builder quote before exchanging.
Rent by the room licensingN/A
Price & sale history37d on marketno cuts yet
Strategy matrix
Short-stay let / Airbnb wins — +£1,248/mo · £1,386/mo ahead of Rent it out
| Strategy | Return before costs on price | Monthly profit | Cash needed | 5y Return on your cash on cash | Risk | Feasibility |
|---|---|---|---|---|---|---|
| Rent it out | 7.47% | -£138 | £81,614 | -3.1% | Low | Feasible |
| Housing-benefit rent | 4.99% | -£547 | £81,614 | -33.7% | Med | Feasible |
| Council lease | 0.00% | -£1,194 | £81,614 | -89.5% | Low | Feasible |
| Refurb & refinance | 7.47% | -£138 | £96,420 | -2.6% | Med | Feasible |
| ⭐ Short-stay let / Airbnb | 26.05% | +£1,248 | £81,614 | 100.4% | High | Feasible |
| Buy, improve & sell | 0.00% | -£374 | £239,270 | 5% | Med | Feasible |
| Rent by the room | — | — | — | — | — | Disabledneeds 3+ beds |
Short-let (SA) context284 active short-lets nearby
Short-let market context
- 284 active short-let listings in this postcode
Ready to move on this deal?
Generates an offer pack with your numbers & sources — take it to the agent.
Pro analysis — outcome range, stress tests & portfolio impact
Local lettings demanddays-to-let · supply now · trend
Local lettings demandby strategyLive area data
Short-stay let62% occupancy
£242/night ADR
Based on 21 short-let comps nearby
Rent by the room conversion upside
+£125/mo cash flow vs Rent it out if converted to Rent by the room
13.71% Return before costs on price converted vs 7.47% as-is
As-is Rent it out
Monthly profit+£31
Return before costs on price7.47%
Cash needed£64,398
If converted to Rent by the room
Monthly profit+£156
Return before costs on price13.71%
Cash needed£80,398
Δ vs Rent it out Monthly profit+£125
Show conversion detail
Cannot Rent by the room:Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.
Conversion cost estimate
£44,000
Range: £38,000 – £52,000
Fire safety, plumbing, partitioning, licensing.
Rates as of Apr 2026
Planning approval likelihood
Likely approvable · 69% likely
low confidence
- Article 4 direction applies — planning permission required for C3->C4 HMO
- no known HMOs within 100m (below threshold)
- no local HMO decisions on record
≈0.0% within 100 m vs 10% policy
Council HMO policy not curated — assessed against a 10% / 100 m default; a low/absent count reflects register coverage, not zero nearby HMOs.
£42,690–£80,380full refurb + room split
What's in this cost
- Kitchen£8,640–£17,280
- 1 × bathroom£5,700–£10,450
- Rewire£3,240–£5,670
- Replumb£2,430–£4,860
- Windows£8,100–£14,580
- Paint + decor£5,670–£10,530
- Flooring£8,910–£17,010
Comparables
sold within 0.5 miLoading nearby sold…
Location & area intelligence
Transport score100 / 100
On the map
- Registered HMOs
- Approved HMO conversions
- Pending HMO applications
Salford HMO Article 4 — 2018 HMO Article 4 Direction (official council polygon)
≈0.0% within 100 m vs 10% policy
Council HMO policy not curated — assessed against a 10% / 100 m default; a low/absent count reflects register coverage, not zero nearby HMOs.
Tax treatment
Annual gross rent£15,696
Section 24 credit£0
Annual tax due£0
Post-tax Monthly profit annual-£1,654
Exit costs
Projected sale price (5y · 2%/yr growth)£231,857
Capital gain (pre-CGT)£21,857
Sale costs (~2.5%)£5,796
CGT due (Ltd Co 25%)£0
No personal CGT — the gain is taxed at the company level (corporation tax) when the SPV disposes of the property.
Net 5y Monthly profit after CGT-£2,545
Rates as of Oct 2024
Acquisition costs
£81,614cash neededPurchase price£210,000
Deposit (25%)£52,500
Stamp duty+5% additional-property surcharge£12,200
Refurb£10,764
Legal + survey£2,000
Mortgage fees£4,150
Total cash neededdeposit + costs (loan covers the rest)£81,614
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
About this propertydescription · onthemarket
Description& agent copyOnTheMarket
A charming 2-bedroom apartment within the Model Lodging House, a characterful conversion in a fantastic location just off Chapel Street in Salford.
The apartment offers a well-proportioned reception room, two bedrooms and a modern bathroom. The property has retained a number of attractive original features, including exposed brickwork, steel supports, original beams and hardwood flooring, giving the apartment plenty of character while still offering a modern and comfortable…
Floor plans
Listing metaonthemarket · NPP Residential - Manchester
About this listing
37 days · OnTheMarketPrice history
No price history available.
Monthly profit
−£138
Cash needed
£82K
Return after costs
-2.03%
IRR
-1.81%
Listed 37d ago
Model Lodging House, Salford, Salford
flat · 2 bed · 1 bath
£210,000
est £1,308 · 7.47% gross
1 / 5
35/100
Marginal
7.47% — verify the rent + comps locally.
Stress Rent-covers-mortgage check PASS at 6.5% rate stress
7.47% Return before costs — above-market
Price
£210K
Return before costs
7.47%
est rent £1,308/mo221 comps within 500 mRange £1,237–£1,383/mo (Q1–Q3)
Bedrooms
2
1 bath
Energy rating
—
Energy rating
Run the numbers
What-if calculator
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £1,237–£1,383/mo · n=221
Financing
DepositYour cash in — the rest is the mortgage25% · £52,500
Standard 75% LTV for BTL
Mortgage rate5y fixed5.5%
5-year fixed (market average) — 5.50% (as of 2026-05).
Mortgage term (years)
Stress rate6.5%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£8,073–£15,070 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £157,500 loan + £1,000 booking fee
Running costs
Management10%
Typical BTL agency rate
Void weeks
Typical voids for BTL
Insurance (£/mo)
Typical BTL building+landlord cover for £200K–£400K
Maintenance (£/mo)
Semi/flat: £67/mo proxy
Leasehold costs
Result · Rent it out
Monthly profit
-£138
after mortgage, operating costs & tax
Rent in£1,308/mo gross
£1,258/mo collected · £50/mo lost to voids
Where it goes
£820Mortgage£575Costs
Outgoings exceed rent — you top up £138/mo
Mortgage£820
Costs£575
Management£131
Maintenance£67
Insurance£28
CapEx reserve£65
Voids + council tax£5
Service charge + ground rent£175
Ltd co. accounts£104
Tax—
Shortfall−£138
Returns
Return before costs on price7.47%
Cash return on cash-2.03%
Gross margin£682
Cash needed£81,614
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress1.47
Rent-covers-mortgage check PASS · stress 6.5% (target 1.45)
Short-let (SA) context284 active short-lets nearby
Short-let market context
- 284 active short-let listings in this postcode
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
| Year | Gross Rent | Op Costs | Mortgage | Equity Built | Tax | Net | Cumulative |
|---|---|---|---|---|---|---|---|
| Year 1 | £15,696 | £6,903 | £9,844 | £0 | £0 | -£1,051 | -£1,051 |
| Year 2 | £16,167 | £7,110 | £9,844 | £0 | £0 | -£787 | -£1,838 |
| Year 3 | £16,652 | £7,323 | £9,844 | £0 | £0 | -£515 | -£2,353 |
| Year 4 | £17,151 | £7,543 | £9,844 | £0 | £0 | -£235 | -£2,588 |
| Year 5 | £17,666 | £7,769 | £9,844 | £0 | £10 | £43 | -£2,545 |
Rent by the room upside
What we verified
2306
Legal & planning▾
Article 4HMO restriction lookupUnknown
Rent by the room licensingMandatory if 5+ unrelatedN/A
TenureTenure typeLeasehold
HeritageListed building / conservation areaNot stated on the listing
Building condition▾
EPCPostcode estimate — check the registerNot stated on the listing
EWS1External wall safety (cladding)Not stated on the listing
Refurb costBased on beds + baths + sqftEstimate available
Area▾
Crimepolice.uk · monthlyChecking…
SchoolsGIAS · OfstedNo postcode
FloodEA Flood Map · England onlyChecking…
Investor profile▾
Tenant profileBeds + postcode heuristicFamily let
Rent by the room feasibilityMin 3 beds for C4 routeBelow threshold
Comparables
sold within 0.5 miLoading nearby sold…
Location & transport
Tax & exit
Tax bandLtd Co 25%
Mortgage-interest tax rule credit£1,969
Annual rental tax£0
CGT yr 5£0 · company level
5y net total-£2,545
Acquisition costs
25% deposit£52,500
Stamp duty£12,200
Refurb£10,764
Legal + survey£2,000
Mortgage + broker£4,150
Cash needed£81,614
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
Make an offer
Pro analysis — outcome range, stress tests & portfolio impact
Your notes
Description& agent copyOnTheMarket
A charming 2-bedroom apartment within the Model Lodging House, a characterful conversion in a fantastic location just off Chapel Street in Salford.
The apartment offers a well-proportioned reception room, two bedrooms and a modern bathroom. The property has retained a number of attractive original features, including exposed brickwork, steel supports, original beams and hardwood flooring, giving the apartment plenty of character while still offering a modern and comfortable…
Floor plans
Listing
Sources: Rightmove · HM Land Registry · Ofsted · EA Flood Zones
Estimates not financial advice
Estimates not financial advice