Flat 7, Balmoral Court, 231–237 Nevill Road, Hove, BN3 7QP

UPRN:22030032-Beds -Built 1950-1966

Tenure: -Council Tax: Band BEPC: D (55)

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

Valuation estimateUpdated 2 days ago

£280,000

Estimated value

Range: £252k - £308k|Last sold: -- (-)

Estimate of £280k for this property. 926 sales in BN3 in the last 12 months; median £430k.

Estimate confidence

Medium confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£280k

£252k - £308k - Medium confidence

Annualised (CAGR)

+0.75%

Over the full window

Peak estimate

£312k

Oct 2022

From peak

-10.26%

Drawdown from peak

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

Growth by window

-0.71%

-1.06%

12m

-1.41%

24m

-5.72%

60m

+2.19%

Rental Market

Monthly

Estimated rent (pcm)

£1,150

/ month

Gross yield

5.31%

Rent ÷ asking price

Net yield

Vacancy trend

12-month change

Market Metrics

6 live signals

Median Area Price

£430k

BN3 sales, last 12 months

12m Price Growth

+16.8%

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

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£260,000
SDLT standard£3,000
SDLT BTL surcharge (5%)£13,000
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£278,100

Funding

Deposit (25%)£65,000
Mortgage (75% LTV)£195,000
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£83,100

Monthly Returns

Monthly Rent (estimate)£1,150
Mortgage Payment (IO)-£853
Management (10%)-£115
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£82

Capital Returns

5yr Property Value£279,542
5yr Capital Gain (1.46% pa, historical)+£19,542
5yr Cumulative Rent (net, before lease costs)+£58,640
Less mortgage interest-£51,180
5yr Total Return (before lease costs)+£27,002

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	£263,796	£68,796	+£984	+£4,780	5.8%
Year 2	£267,647	£72,647	+£2,220	+£9,867	11.9%
Year 3	£271,555	£76,555	+£3,702	+£15,257	18.4%
Year 4	£275,520	£80,520	+£5,446	+£20,966	25.2%
Year 5	£279,542	£84,542	+£7,460	+£27,002	32.5%

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 (£83,100).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,581

Population

Signal

1.3%

Households Deprived

Upside Opportunities

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