23 Western Road, Sompting, Lancing, BN15 8RX
Estimate of £472k 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£465,000
- SDLT standard£13,250
- SDLT BTL surcharge (5%)£23,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£503,600
Funding
- Deposit (25%)£116,250
- Mortgage (75% LTV)£348,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£154,850
Monthly Returns
- Monthly Rent (estimate)£2,100
- Mortgage Payment (IO)-£1,526
- Management (10%)-£210
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£264
Capital Returns
- 5yr Property Value£532,552
- 5yr Capital Gain (2.75% pa, historical)+£67,552
- 5yr Cumulative Rent (net)+£112,038
- Less mortgage interest-£91,560
- 5yr Total Return+£88,030
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 | £477,788 | £129,038 | +£3,168 | +£15,956 | 10.3% |
| Year 2 | £490,927 | £142,177 | +£6,792 | +£32,719 | 21.1% |
| Year 3 | £504,427 | £155,677 | +£10,882 | +£50,309 | 32.5% |
| Year 4 | £518,299 | £169,549 | +£15,437 | +£68,735 | 44.4% |
| Year 5 | £532,552 | £183,802 | +£20,478 | +£88,030 | 56.8% |
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 (£154,850).
Price Forecast
No forecast available.