10 FIRST AVENUE
Recent sale
£1.85M
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Flat 2, 10 First Avenue, Hove, BN3 2GU
UPRN:22279067Flat/Maisonette2 bedsBuilt 1900-1929
Tenure: -Council Tax: -EPC: D (61)
Data freshness:Listing· freshListing: fresh, refreshed 5d ago (2026-10-19T04:00:02.130848+00:00)Planning· 4mo agoPlanning: stale, refreshed 4mo ago (2026-07-10T09:32:10.441429+00:00)EPC· 5mo agoEPC: stale, refreshed 5mo ago (2026-05-20T10:58:39.129138+00:00)Risk· 2y agoRisk: stale, refreshed 2y ago (2024-12-31T00:00:00+00:00)Amenities· 1mo agoAmenities: ageing, refreshed 1mo ago (2026-09-23T00:00:00+00:00)Area· Census 2021Area: static reference data (Census 2021); authoritative and does not refresh
Valuation estimateUpdated 2 days ago
£457,000
Estimated value
Range: £412k - £503k|Last sold: -- (-)
Estimate of £457k for this flat/maisonette. 926 sales in BN3 in the last 12 months; median £430k.
Estimate confidence
Medium confidence
Value History
Current estimate
£457k
£412k - £503k - Medium confidence
Annualised (CAGR)
-28.90%
Over the full window
Peak estimate
£1.11M
Feb 2024
From peak
-59.01%
Drawdown from peak
AVM estimate (model)Repeat-sales index - BN3 district (quarterly)index YoY -3.46%
Growth by window
3m
+1.11%
6m
+0.88%
12m
+5.54%
24m
-57.80%
60m
-
Rental Market
Estimated rent (pcm)
£1,850
/ month
Gross yield
4.86%
Rent ÷ estimated value
Net yield
-
Vacancy trend
12-month change
Market Metrics
Median Area Price
£430k
BN3 sales, last 12 months
12m Price Growth
-
BN3 median, Land Registry
Days on Market
90d
BN3 average
Sales & Yield
3 metricsTransactions / 12m
926
BN3 sales
Area Gross Yield
4.87%
BN3 medians
Last Sold
-
-
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Estimated Value£457,000
- SDLT standard£12,850
- SDLT BTL surcharge (5%)£22,850
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£494,800
Funding
- Deposit (25%)£114,250
- Mortgage (75% LTV)£342,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£152,050
Monthly Returns
- Monthly Rent (estimate)£1,850
- Mortgage Payment (IO)-£1,500
- Management (10%)-£185
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£65
Capital Returns
- 5yr Property Value£491,349
- 5yr Capital Gain (1.46% pa, historical)+£34,349
- 5yr Cumulative Rent (net, before lease costs)+£97,986
- Less mortgage interest-£90,000
- 5yr Total Return (before lease costs)+£42,335
Modelled on the estimated value: the property is not on the market. 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 | £463,672 | £120,922 | +£780 | +£7,452 | 4.9% |
| Year 2 | £470,442 | £127,692 | +£1,956 | +£15,398 | 10.1% |
| Year 3 | £477,310 | £134,560 | +£3,549 | +£23,859 | 15.7% |
| Year 4 | £484,279 | £141,529 | +£5,556 | +£32,835 | 21.6% |
| Year 5 | £491,349 | £148,599 | +£7,986 | +£42,335 | 27.8% |
Modelled on the estimated value: the property is not on the market. 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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£152,050).
Price Forecast
No forecast available.
Demand & Supply
DemandSupply
Comparable Sales
Area Economic Intelligence
Signal
£33,506
Median earnings (local authority)
Signal
1,528
Population
Signal
2.8%
Households Deprived