2 Millennium Close Broadway Park, The Broadway, Lancing, BN15 8QY
Estimate of £189k for this detached property. 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£180,000
- SDLT standard£1,100
- SDLT BTL surcharge (5%)£9,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£192,200
Funding
- Deposit (25%)£45,000
- Mortgage (75% LTV)£135,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£57,200
Monthly Returns
- Monthly Rent (estimate)£900
- Mortgage Payment (IO)-£591
- Management (10%)-£90
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£119
Capital Returns
- 5yr Property Value£206,149
- 5yr Capital Gain (2.75% pa, historical)+£26,149
- 5yr Cumulative Rent (net)+£44,576
- Less mortgage interest-£35,460
- 5yr Total Return+£35,265
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 | £184,950 | £49,950 | +£1,428 | +£6,378 | 11.2% |
| Year 2 | £190,036 | £55,036 | +£3,048 | +£13,084 | 22.9% |
| Year 3 | £195,262 | £60,262 | +£4,864 | +£20,126 | 35.2% |
| Year 4 | £200,632 | £65,632 | +£6,881 | +£27,513 | 48.1% |
| Year 5 | £206,149 | £71,149 | +£9,116 | +£35,265 | 61.7% |
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 (£57,200).
Price Forecast
No forecast available.