Flat 21, The Priory, 8 St Catherines Terrace, Hove, BN3 2RQ

UPRN:22023022Flat/Maisonette1 bedsBuilt 1950-1966

LeaseholdCouncil Tax: Band BEPC: C (78)

Data freshness:Listing· freshPlanning· 4mo agoEPC· 5mo agoRisk· 2y agoAmenities· 1mo agoArea· Census 2021Council Tax· 5mo ago

Valuation estimateUpdated yesterday

£320,000

Estimated value

Range: £288k - £352k|Last sold: £250k (2021-06-07)

Estimate of £320k for this flat/maisonette. 926 sales in BN3 in the last 12 months; median £430k.

Estimate confidence

Medium confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£320k

£288k - £352k - Medium confidence

Annualised (CAGR)

-0.24%

Over the full window

Peak estimate

£348k

Oct 2024

From peak

-8.05%

Drawdown from peak

AVM estimate (model)Repeat-sales index - BN3 district (quarterly)index YoY -3.46%

Growth by window

-0.31%

+0.95%

12m

-2.14%

24m

-8.05%

60m

+4.23%

Rental Market

Monthly

Estimated rent (pcm)

£1,300

/ month

Gross yield

5.67%

Rent ÷ asking price

Net yield

3.93%

Assumes ~31% running costs (not this property's)

Vacancy trend

12-month change

Market Metrics

6 live signals

Median Area Price

£430k

BN3 sales, last 12 months

12m Price Growth

+4.4%

BN3 median, Land Registry

Days on Market

90d

BN3 average

Sales & Yield

3 metrics

Transactions / 12m

926

BN3 sales

Area Gross Yield

4.87%

BN3 medians

Last Sold

£250k

2021-06-07

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£275,000
SDLT standard£3,750
SDLT BTL surcharge (5%)£13,750
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£294,600

Funding

Deposit (25%)£68,750
Mortgage (75% LTV)£206,250
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£88,350

Monthly Returns

Monthly Rent (estimate)£1,300
Mortgage Payment (IO)-£902
Management (10%)-£130
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£168

Capital Returns

5yr Property Value£295,670
5yr Capital Gain (1.46% pa, historical)+£20,670
5yr Cumulative Rent (net, before lease costs)+£67,059
Less mortgage interest-£54,120
5yr Total Return (before lease costs)+£33,609

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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.

5-Year Projection

BTL · Interest Only

Year	Property Value	Equity	Cashflow (cumulative)	Total Return	ROI
Year 1	£279,015	£72,765	+£2,016	+£6,031	6.8%
Year 2	£283,089	£76,839	+£4,308	+£12,397	14.0%
Year 3	£287,222	£80,972	+£6,894	+£19,116	21.6%
Year 4	£291,415	£85,165	+£9,769	+£26,184	29.6%
Year 5	£295,670	£89,420	+£12,939	+£33,609	38.0%

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. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£88,350).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,388

Population

Signal

2.7%

Households Deprived

Upside Opportunities

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