Leatham Avenue, Rotherham, S61 1AD, S61 1AD
Apartment · 2 bed
Supports major UK property portals
Suggested Offer Range
Close to comparable sales mean. Standard 3–10% negotiation range. Note: listed as "Offers Over" — vendor expects full asking price or above.
Property Details
- Asking Price
- £90,000
- Property Type
- Apartment
- Bedrooms
- 2
- Bathrooms
- N/A
- Est. Floor Area
- 581 sqft (est.)
- Article 4 Area
- ✓ No restriction — SA permitted under PD rights
This listing is priced below the postcode sector benchmark.
Motivated Seller Analysis
Standard — 1/10Matched signals:
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £281 |
| ICR (actual) | 2.16x |
| Feasibility | PASS |
| 💲 Total Cash Required | |
| Purchase Price | £90,000 |
| Deposit (25% — 75% LTV) | £22,500 |
| SDLT (additional property, 5% surcharge) | £4,500 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £29,999 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
| Purchase price | £90,000 | Loan (75% LTV) | £67,500 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £309 |
| Rent needed (1.5×) | £464/mo | Estimated rent | £607/mo |
| Stress ratio | 1.96× (need ≥ 1.5×) +£143 surplus | ||
Assumptions: 75% LTV · 5.5% interest only · 1.5× rent coverage (standard lender requirement). Actual lender criteria vary — verify with your broker.
Exit Strategy
Capital appreciation projections at 2.5% pa (local Land Registry HPI). Assumes 75% LTV interest-only mortgage redeemed on sale. Excludes rental income.
| Est. reno cost | Unknown — score listing |
| Cash left in deal | Unknown |
| SA gross/mo | £1,373 |
| SA net/mo | £1,058 |
| BTL est./mo | £607 |
| SA vs BTL uplift | +£766/mo |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £96,920 | +£6,920 | £25,526 | +£3,026 (3.4%) |
| 5 years | £101,827 | +£11,827 | £29,181 | +£6,681 (7.4%) |
| 7 years | £106,982 | +£16,982 | £33,021 | +£10,521 (11.7%) |
Projections: 2.5% pa HPI, 75% LTV IO mortgage redeemed at sale, 1.5% EA, £1,500 legal, 24% CGT above £3k allowance. Not financial advice.
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📈 Rental Yield & ROI Forecast
Compound-growth projection: 2.5% annual rent growth + 3% capital growth. IO mortgage throughout. For illustration only.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £7,281 | £92,700 | £4,797 | £1,422 | £4,122 | 13.3% |
| Yr 3 | £7,650 | £98,345 | £5,063 | £4,663 | £13,009 | 41.8% |
| Yr 5 | £8,037 | £104,335 | £5,342 | £8,455 | £22,790 | 73.3% |
| Yr 10 | £9,093 | £120,952 | £6,102 | £20,532 | £51,484 | 165.5% |
| Yr 15 | £10,288 | £140,217 | £6,962 | £36,705 | £86,922 | 279.5% |
| Yr 20 | £11,640 | £162,550 | £7,936 | £57,513 | £130,063 | 418.2% |
| Yr 25 | £13,169 | £188,440 | £9,037 | £83,566 | £182,006 | 585.2% |
| Yr 30 | £14,900 | £218,454 | £10,283 | £115,552 | £244,006 | 784.6% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
🌎 Area Profile — S61 1 ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £516 | 6.9% | 4.0% | £-67 | -8.6% |
| Conservative | £565 | 7.5% | 4.8% | £49 | 1.9% |
| Base | £607 | 8.1% | 5.3% | £119 | 6.3% |
| Optimistic | £656 | 8.7% | 6.0% | £195 | 11.3% |
| Bull | £716 | 9.6% | 6.8% | £282 | 17.7% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●8.09% |
| Net Yield | ●5.33% |
| Net Annual Income | £4,799 |
| Deductions: void 8% (−£582) · mgmt 10% (−£728) · maint 10% (−£728) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £281 |
| Monthly Cashflow (IO) | ●£119 |
| Cash-on-Cash Return | ●4.58% |
| 5-Year IRR | ●6.3% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £4,500 |
| SDLT Effective Rate | 5.0% |
| SDLT (Company) | £4,500 |
| Section 24 Extra Tax/yr (higher rate) | £675 |
| SPV Annual Saving | £1,300 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £104,335 |
| Less: Purchase Price | −£90,000 |
| Less: Buying Costs (SDLT + legal) | −£7,100 |
| Less: Selling Costs (est. 2.5%) | −£2,608 |
| = CGT Net Gain (5yr) | £4,627 |
| CGT at 24% | £390 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £516 | 6.9% | 4.0% | £-67 | -8.6% |
| Conservative | £565 | 7.5% | 4.8% | £49 | 1.9% |
| Base | £607 | 8.1% | 5.3% | £119 | 6.3% |
| Optimistic | £656 | 8.7% | 6.0% | £195 | 11.3% |
| Bull | £716 | 9.6% | 6.8% | £282 | 17.7% |