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Year 5 disposal
⊞ View all 5
35/ 100
Weak
7.49% return before costs — verify the rent + comps locally.
Why it works
- 7.49% return before costs — above-market
- Stress Rent-covers-mortgage check PASS at 6.5% rate stress — lender-friendly
- Long lease (136 yrs) — no short-lease drag
Why to be cautious
- Service charge unknown — could swing £100-300/mo
- Floor area 316 sqft — small for the type
- Monthly profit −£178/mo — mildly negative — equity build may cover
- -2.8% 5y IRR — capital outlay disproportionate to returns
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
Monthly cashflow
−£178/mo
You top up £178/mo
Price
£200K
No local sold comps to compare
Return · IRR
-2.8%/yr
Loses money over 5 years
Cash to get in
£73K
Deposit + fees + refurb
Return before costs on price 7.49%5-yr return on cash -7%Rent est. £1,249 (£1,140–£1,368)
How we define each return: On price — gross yield = annual rent ÷ purchase price. On cost — net yield ÷ total project cost (price + refurb + fees). On cash — cash-on-cash & ROI ÷ the actual cash you put in (deposit + costs).
What-if calculator
Rates as of 20 May 2026Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £1,140–£1,368/mo · n=78
Financing
DepositYour cash in — the rest is the mortgage25% · £50,000
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£4,496–£8,393 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £150,000 loan + £1,000 booking fee
Running costs
Management10%
Typical BTL agency rate
Void weeks
Typical voids for BTL
Insurance (£/mo)
Typical BTL building+landlord cover for £200K–£400K
Maintenance (£/mo)
Semi/flat: £67/mo proxy
Leasehold costs
Result · Rent it out
Monthly profit
-£178
after mortgage, operating costs & tax
Rent in£1,249/mo gross
£1,201/mo collected · £48/mo lost to voids
Where it goes
£813Mortgage£566Costs
Outgoings exceed rent — you top up £178/mo
Mortgage£813
Costs£566
Management£125
Maintenance£67
Insurance£28
CapEx reserve£62
Voids + council tax£5
Service charge + ground rent£175
Ltd co. accounts£104
Tax—
Shortfall−£178
Returns
Return before costs on price7.49%
Cash return on cash-2.91%
Gross margin£635
Cash needed£73,495
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress1.48
Rent-covers-mortgage check PASS · stress 6.5% (target 1.45)
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
| Year | Gross Rent | Op Costs | Mortgage | Equity Built | Tax | Net | Cumulative |
|---|---|---|---|---|---|---|---|
| Year 1 | £14,988 | £6,797 | £9,750 | £0 | £0 | -£1,559 | -£1,559 |
| Year 2 | £15,438 | £7,001 | £9,750 | £0 | £0 | -£1,313 | -£2,872 |
| Year 3 | £15,901 | £7,211 | £9,750 | £0 | £0 | -£1,060 | -£3,932 |
| Year 4 | £16,378 | £7,427 | £9,750 | £0 | £0 | -£799 | -£4,731 |
| Year 5 | £16,869 | £7,650 | £9,750 | £0 | £0 | -£531 | -£5,261 |
Disposal gain (gross)-£4,199
CGT£0
Net Disposal proceeds£215,296
What we verified
What we verified
41064 ok · 1 caution · 0 fail · 6 unknown
Legal & planning
Leasehold136 yr
Leaseholdmaterial factsListing extract
Ground rent
Doubling = lender risk
£0/yr
Extracted from listing description · verify with solicitor
Tenure & planning136 yr
Legal & planning
2 checks- TenureUnknown
- Lease lengthUnknown
Building condition
Energy ratingUnknown
EPC& 2030 deadlineEPC register
EPC band not available in the listing. The 2030 MEES minimum is band C — verify the certificate before offering.
EPC band from listing · verify certificate before exchanging
Find EPC certificate →Cladding safety certificateNot stated on the listing
EWS1& cladding statusListing signal
OKInfoVerifyCritical
Severity
Inferred from listing text
Verify
Lender impact
No EWS1 / floor info in description. Buildings > 11 m need EWS1 or PAS 9980 — confirm height + status with the agent before offering.
Verify with lender
A1/A2 = mortgageable · B1 = mortgageable with plan · B2 = remediation required
RICS EWS1 guidance →HeritageNot stated on the listing
Heritage& planning constraintsNHLE register
We don't ingest the NHLE bulk register, so we can't flag listed-building or conservation-area status for this address from our data alone. Use the official registry to verify before exchanging.
Area
Flood riskChecking…
FloodriskEA
Crime riskChecking…
Crimeriskpolice.uk
SchoolsChecking…
Schools& Ofsted catchmentGIAS register
No schools indexed for this postcode sector.
Investor
Tenant profileMixed demand
Tenant profilelikely cohortBN3 · 1 bed
Primary profile
Mixed demand
Nearest university
for student-let assessment
University of Brighton · 8.2 km
Reason
Mixed-demand area without a single dominant tenant cohort. Local lettings agent can clarify.
Heuristic from postcode + bedrooms + nearest-university distance · verify locally
Refurb costEstimate ready
Refurb cost& works budgetQ1 2026 rates
New kitchen + bathroom + light replumb + decor.
Total estimate
1-bed · 1-bath · 316 sqft
£13k–£26k
£ per sqft
building cost only
£41–£82
Per-item breakdown (4 lines)
- Kitchen · Full unit replacement£3,840–£8,640
- 1 × bathroom · Full strip + retile£3,325–£6,650
- Paint + decor£2,212–£4,108
- Flooring · Carpet on bedrooms + LVT/laminate downstairs£3,476–£6,636
Guide rates · UK May 2026
Tier-based bands — get a builder quote before exchanging.
Rent by the room licensingN/A
Price & sale history35d on marketno cuts yet
Strategy matrix
Rent it out wins — -£178/mo · level with Refurb & refinance
| Strategy | Return before costs on price | Monthly profit | Cash needed | 5y Return on your cash on cash | Risk | Feasibility |
|---|---|---|---|---|---|---|
| ⭐ Rent it out | 7.49% | -£178 | £73,495 | -7.2% | Low | Feasible |
| Housing-benefit rent | 5.62% | -£491 | £73,495 | -32.2% | Med | Feasible |
| Council lease | 0.00% | -£1,187 | £73,495 | -98.8% | Low | Feasible |
| Refurb & refinance | 7.49% | -£178 | £85,893 | -6.1% | Med | Feasible |
| Short-stay let / Airbnb | — | — | — | — | — | Disabledno local short-let data |
| Buy, improve & sell | 0.00% | -£374 | £221,893 | 7% | Med | Feasible |
| Rent by the room | — | — | — | — | — | Disabledneeds 3+ beds |
Ready to move on this deal?
Generates an offer pack with your numbers & sources — take it to the agent.
Pro analysis — outcome range, stress tests & portfolio impact
Local lettings demanddays-to-let · supply now · trend
Rent by the room conversion upside
+£164/mo cash flow vs Rent it out if converted to Rent by the room
14.40% Return before costs on price converted vs 7.49% as-is
As-is Rent it out
Monthly profit+£24
Return before costs on price7.49%
Cash needed£61,898
If converted to Rent by the room
Monthly profit+£187
Return before costs on price14.40%
Cash needed£77,898
Δ vs Rent it out Monthly profit+£164
Show conversion detail
Cannot Rent by the room:Only 1 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.
Planning approval likelihood
Likely approvable · 67% likely
low confidence
- Article 4 direction applies — planning permission required for C3->C4 HMO
- no known HMOs within 50m (below threshold)
- local council HMO approval rate 67% (343 decisions)
≈0.0% within 50 m vs 10% policy
Comparables
sold within 0.5 miLoading nearby sold…
Location & area intelligence
Transport score100 / 100
On the map
- Registered HMOs
- Approved HMO conversions
- Pending HMO applications
Brighton and Hove HMO Article 4
≈0.0% within 50 m vs 10% policy
Tax treatment
Annual gross rent£14,988
Section 24 credit£0
Annual tax due£0
Post-tax Monthly profit annual-£2,135
Exit costs
Projected sale price (5y · 2%/yr growth)£220,816
Capital gain (pre-CGT)£20,816
Sale costs (~2.5%)£5,520
CGT due (Ltd Co 25%)£0
No personal CGT — the gain is taxed at the company level (corporation tax) when the SPV disposes of the property.
Net 5y Monthly profit after CGT-£5,261
Rates as of Oct 2024
Acquisition costs
£73,495cash neededPurchase price£200,000
Deposit (25%)£50,000
Stamp duty+5% additional-property surcharge£11,500
Refurb£5,995
Legal + survey£2,000
Mortgage fees£4,000
Total cash neededdeposit + costs (loan covers the rest)£73,495
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
About this propertydescription · onthemarket
Description& agent copyOnTheMarket
A bright first floor one bedroom apartment offering well arranged living space, set on the first floor of a period building, this well-presented one-bedroom apartment offers bright, comfortable living in a sought-after Hove location.
The accommodation includes a welcoming living room, a compact modern kitchen, a double bedroom, and a bathroom, all arranged across approximately 316sqft.
The interiors are light and inviting, with large baystyle windows, neutral décor, and tho…
Floor plans
Nearby active comparables9 rentals
Comparable rentals
BN3 · same beds + typeMedian nearby: £1,300/mo · 9 of 9 already let+£51 vs our est
- Palmer House, 110-111 Davigdor Road,…Let1b£1,250/moMay 2026
- Palmer House, 110-111 Davigdor Road,…Let1b£1,300/moMay 2026
- Norton Road, Hove, BN3Let1b£1,550/moMay 2026
- Western Road, Hove, BN3Let1b£1,200/moMay 2026
- Lansdowne Street, Hove, BN3Let1b£1,350/moMay 2026
- Church Road, Hove, BN3Let1b£1,100/moMay 2026
- Church Road, Hove, BN3Let1b£1,100/moMay 2026
- Lansdowne St, Hove, BN3Let1b£1,300/moMay 2026
- Brunswick Place, Hove, BN3Let1b£1,695/moMay 2026
Other deals nearby
BN3 · ±25% priceNo other nearby investment deals matched on postcode prefix + bedrooms.
Listing metaonthemarket · Charters - Hove
About this listing
35 days · OnTheMarketPrice history
5-year price trend
Monthly profit
−£178
Cash needed
£73K
Return after costs
-2.91%
IRR
-2.77%
Listed 35d ago
Norman Road, Hove, East Sussex, BN3, Hove, BN3
flat · 1 bed · 1 bath · 316 sqft
£200,000
est £1,249 · 7.49% gross
Leasehold 136yr
1 / 5
35/100
Marginal
7.49% — verify the rent + comps locally.
Stress Rent-covers-mortgage check PASS at 6.5% rate stress
7.49% Return before costs — above-market
Price
£200K
Return before costs
7.49%
est rent £1,249/monot enough comparablesRange £1,140–£1,368/mo (Q1–Q3)
Bedrooms
1
1 bath
Energy rating
—
Energy rating
Run the numbers
What-if calculator
Rates as of 20 May 2026Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
Local comp range: £1,140–£1,368/mo · n=78
Financing
DepositYour cash in — the rest is the mortgage25% · £50,000
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Per-property refurb estimate from the element rate-card model (£4,496–£8,393 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £150,000 loan + £1,000 booking fee
Running costs
Management10%
Typical BTL agency rate
Void weeks
Typical voids for BTL
Insurance (£/mo)
Typical BTL building+landlord cover for £200K–£400K
Maintenance (£/mo)
Semi/flat: £67/mo proxy
Leasehold costs
Result · Rent it out
Monthly profit
-£178
after mortgage, operating costs & tax
Rent in£1,249/mo gross
£1,201/mo collected · £48/mo lost to voids
Where it goes
£813Mortgage£566Costs
Outgoings exceed rent — you top up £178/mo
Mortgage£813
Costs£566
Management£125
Maintenance£67
Insurance£28
CapEx reserve£62
Voids + council tax£5
Service charge + ground rent£175
Ltd co. accounts£104
Tax—
Shortfall−£178
Returns
Return before costs on price7.49%
Cash return on cash-2.91%
Gross margin£635
Cash needed£73,495
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress1.48
Rent-covers-mortgage check PASS · stress 6.5% (target 1.45)
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
| Year | Gross Rent | Op Costs | Mortgage | Equity Built | Tax | Net | Cumulative |
|---|---|---|---|---|---|---|---|
| Year 1 | £14,988 | £6,797 | £9,750 | £0 | £0 | -£1,559 | -£1,559 |
| Year 2 | £15,438 | £7,001 | £9,750 | £0 | £0 | -£1,313 | -£2,872 |
| Year 3 | £15,901 | £7,211 | £9,750 | £0 | £0 | -£1,060 | -£3,932 |
| Year 4 | £16,378 | £7,427 | £9,750 | £0 | £0 | -£799 | -£4,731 |
| Year 5 | £16,869 | £7,650 | £9,750 | £0 | £0 | -£531 | -£5,261 |
Rent by the room upside
What we verified
3207
Legal & planning▾
Article 4HMO restriction lookupUnknown
Rent by the room licensingMandatory if 5+ unrelatedN/A
TenureLeasehold years remaining136 yr
HeritageListed building / conservation areaNot stated on the listing
Building condition▾
EPCPostcode estimate — check the registerNot stated on the listing
EWS1External wall safety (cladding)Not stated on the listing
Refurb costBased on beds + baths + sqftEstimate available
Area▾
Crimepolice.uk · monthlyChecking…
SchoolsGIAS · OfstedChecking…
FloodEA Flood Map · England onlyChecking…
Investor profile▾
Tenant profileBeds + postcode heuristicFamily let
Rent by the room feasibilityMin 3 beds for C4 routeBelow threshold
Comparables
sold within 0.5 miLoading nearby sold…
Location & transport
Tax & exit
Tax bandLtd Co 25%
Mortgage-interest tax rule credit£1,950
Annual rental tax£0
CGT yr 5£0 · company level
5y net total-£5,261
Acquisition costs
25% deposit£50,000
Stamp duty£11,500
Refurb£5,995
Legal + survey£2,000
Mortgage + broker£4,000
Cash needed£73,495
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
Make an offer
Pro analysis — outcome range, stress tests & portfolio impact
Your notes
Description& agent copyOnTheMarket
A bright first floor one bedroom apartment offering well arranged living space, set on the first floor of a period building, this well-presented one-bedroom apartment offers bright, comfortable living in a sought-after Hove location.
The accommodation includes a welcoming living room, a compact modern kitchen, a double bedroom, and a bathroom, all arranged across approximately 316sqft.
The interiors are light and inviting, with large baystyle windows, neutral décor, and tho…
Floor plans
Listing
Sources: Rightmove · HM Land Registry · Ofsted · EA Flood Zones
Estimates not financial advice
Estimates not financial advice