31 High Street, Steyning, BN44 3YE
Estimate of £610k for this mid terrace house. 115 sales in BN44 in the last 12 months; median £418k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£425,000
- SDLT standard£11,250
- SDLT BTL surcharge (5%)£21,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£459,600
Funding
- Deposit (25%)£106,250
- Mortgage (75% LTV)£318,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£140,850
Monthly Returns
- Monthly Rent (estimate)£2,300
- Mortgage Payment (IO)-£1,395
- Management (10%)-£230
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£575
Capital Returns
- 5yr Property Value£417,405
- 5yr Capital Gain (-0.36% pa, historical)-£7,595
- 5yr Cumulative Rent (net)+£123,268
- Less mortgage interest-£83,700
- 5yr Total Return+£31,972
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 | £423,470 | £104,720 | +£6,900 | +£5,370 | 3.8% |
| Year 2 | £421,946 | £103,196 | +£14,292 | +£11,238 | 8.0% |
| Year 3 | £420,427 | £101,677 | +£22,199 | +£17,626 | 12.5% |
| Year 4 | £418,913 | £100,163 | +£30,620 | +£24,533 | 17.4% |
| Year 5 | £417,405 | £98,655 | +£39,568 | +£31,972 | 22.7% |
Modelled on the live asking price. Capital growth -0.36% a year is the BN44 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 (£140,850).
Price Forecast
No forecast available.