14 Freshbrook Road, Lancing, BN15 8BL
Estimate of £373k for this semi-detached 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£350,000
- SDLT standard£7,500
- SDLT BTL surcharge (5%)£17,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£377,100
Funding
- Deposit (25%)£87,500
- Mortgage (75% LTV)£262,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£114,600
Monthly Returns
- Monthly Rent (estimate)£1,650
- Mortgage Payment (IO)-£1,148
- Management (10%)-£165
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£237
Capital Returns
- 5yr Property Value£400,846
- 5yr Capital Gain (2.75% pa, historical)+£50,846
- 5yr Cumulative Rent (net)+£86,732
- Less mortgage interest-£68,880
- 5yr Total Return+£68,698
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 | £359,625 | £97,125 | +£2,844 | +£12,469 | 10.9% |
| Year 2 | £369,515 | £107,015 | +£6,048 | +£25,563 | 22.3% |
| Year 3 | £379,676 | £117,176 | +£9,608 | +£39,284 | 34.3% |
| Year 4 | £390,117 | £127,617 | +£13,544 | +£53,661 | 46.8% |
| Year 5 | £400,846 | £138,346 | +£17,852 | +£68,698 | 59.9% |
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 (£114,600).
Price Forecast
No forecast available.