1 The Plovers, 114 Brighton Road, Lancing, BN15 8LN
Estimate of £697k for this end terrace house. 312 sales in BN15 in the last 12 months; median £355k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£20,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£22,100
Funding
- Deposit (25%)£5,000
- Mortgage (75% LTV)£15,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£7,100
Monthly Returns
- Monthly Rent (estimate)£3,050
- Mortgage Payment (IO)-£66
- Management (10%)-£305
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£2,579
Capital Returns
- 5yr Property Value£22,905
- 5yr Capital Gain (2.75% pa, historical)+£2,905
- 5yr Cumulative Rent (net)+£165,424
- Less mortgage interest-£3,960
- 5yr Total Return+£164,369
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 | £20,550 | £5,550 | +£30,948 | +£31,498 | 443.6% |
| Year 2 | £21,115 | £6,115 | +£62,556 | +£63,671 | 896.8% |
| Year 3 | £21,696 | £6,696 | +£94,839 | +£96,534 | 1359.6% |
| Year 4 | £22,292 | £7,292 | +£127,799 | +£130,091 | 1832.3% |
| Year 5 | £22,905 | £7,905 | +£161,464 | +£164,369 | 2315.1% |
Modelled on the live asking price. Capital growth 2.75% a year is the BN15 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 (£7,100).
Price Forecast
No forecast available.