Flat 1, 372 Old Shoreham Road, Hove, BN3 7HA
Estimate of £402k for this terrace property. 926 sales in BN3 in the last 12 months; median £430k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£300,000
- SDLT standard£5,000
- SDLT BTL surcharge (5%)£15,000
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£322,100
Funding
- Deposit (25%)£75,000
- Mortgage (75% LTV)£225,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£97,100
Monthly Returns
- Monthly Rent (estimate)£1,650
- Mortgage Payment (IO)-£984
- Management (10%)-£165
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow+£401
Capital Returns
- 5yr Property Value£322,549
- 5yr Capital Gain (1.46% pa, historical)+£22,549
- 5yr Cumulative Rent (net)+£86,732
- Less mortgage interest-£59,040
- 5yr Total Return+£50,241
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 | £304,380 | £79,380 | +£4,812 | +£9,192 | 9.5% |
| Year 2 | £308,824 | £83,824 | +£9,984 | +£18,808 | 19.4% |
| Year 3 | £313,333 | £88,333 | +£15,512 | +£28,845 | 29.7% |
| Year 4 | £317,907 | £92,907 | +£21,416 | +£39,323 | 40.5% |
| Year 5 | £322,549 | £97,549 | +£27,692 | +£50,241 | 51.7% |
Modelled on the live asking price. Capital growth 1.46% a year is the BN3 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 (£97,100).
Price Forecast
No forecast available.