28C Brighton Road, Lancing, BN15 8RA
Estimate of £257k for this 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£25,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£27,100
Funding
- Deposit (25%)£6,250
- Mortgage (75% LTV)£18,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£8,350
Monthly Returns
- Monthly Rent (estimate)£1,200
- Mortgage Payment (IO)-£82
- Management (10%)-£120
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£898
Capital Returns
- 5yr Property Value£28,632
- 5yr Capital Gain (2.75% pa, historical)+£3,632
- 5yr Cumulative Rent (net, before lease costs)+£61,450
- Less mortgage interest-£4,920
- 5yr Total Return (before lease costs)+£60,162
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £25,688 | £6,938 | +£10,776 | +£11,464 | 137.3% |
| Year 2 | £26,394 | £7,644 | +£21,816 | +£23,210 | 278.0% |
| Year 3 | £27,120 | £8,370 | +£33,114 | +£35,233 | 422.0% |
| Year 4 | £27,866 | £9,116 | +£44,687 | +£47,553 | 569.5% |
| Year 5 | £28,632 | £9,882 | +£56,530 | +£60,162 | 720.5% |
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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£8,350).
Price Forecast
No forecast available.