5 Laines Road, Steyning, BN44 3LL
Estimate of £446k 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£450,000
- SDLT standard£12,500
- SDLT BTL surcharge (5%)£22,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£487,100
Funding
- Deposit (25%)£112,500
- Mortgage (75% LTV)£337,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£149,600
Monthly Returns
- Monthly Rent (estimate)£1,650
- Mortgage Payment (IO)-£1,477
- Management (10%)-£165
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£92
Capital Returns
- 5yr Property Value£441,958
- 5yr Capital Gain (-0.36% pa, historical)-£8,042
- 5yr Cumulative Rent (net)+£86,732
- Less mortgage interest-£88,620
- 5yr Total Return-£9,930
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 | £448,380 | £110,880 | -£1,104 | -£2,724 | -1.8% |
| Year 2 | £446,766 | £109,266 | -£1,848 | -£5,082 | -3.4% |
| Year 3 | £445,157 | £107,657 | -£2,236 | -£7,079 | -4.7% |
| Year 4 | £443,555 | £106,055 | -£2,248 | -£8,693 | -5.8% |
| Year 5 | £441,958 | £104,458 | -£1,888 | -£9,930 | -6.6% |
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 (£149,600).
Price Forecast
No forecast available.