3 The Plovers, 114 Brighton Road, Lancing, BN15 8LN
Estimate of £597k for this mid 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£575,000
- SDLT standard£18,750
- SDLT BTL surcharge (5%)£28,750
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£624,600
Funding
- Deposit (25%)£143,750
- Mortgage (75% LTV)£431,250
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£193,350
Monthly Returns
- Monthly Rent (estimate)£2,600
- Mortgage Payment (IO)-£1,887
- Management (10%)-£260
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£353
Capital Returns
- 5yr Property Value£658,532
- 5yr Capital Gain (2.75% pa, historical)+£83,532
- 5yr Cumulative Rent (net)+£140,130
- Less mortgage interest-£113,220
- 5yr Total Return+£110,442
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 | £590,812 | £159,562 | +£4,236 | +£20,048 | 10.4% |
| Year 2 | £607,060 | £175,810 | +£9,036 | +£41,096 | 21.3% |
| Year 3 | £623,754 | £192,504 | +£14,400 | +£63,154 | 32.7% |
| Year 4 | £640,907 | £209,657 | +£20,354 | +£86,261 | 44.6% |
| Year 5 | £658,532 | £227,282 | +£26,910 | +£110,442 | 57.1% |
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 (£193,350).
Price Forecast
No forecast available.