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Year 5 disposal
BMV -10%
⊞ View all 12
65/ 100
Solid
Real 8.92% return before costs with manageable risks.
Why it works
- 8.92% return before costs — above-market
- Priced below market -10% vs 12 nearby sold (last 12 mo) — instant equity
- Stress Rent-covers-mortgage check PASS at 6.5% rate stress — lender-friendly
Why to be cautious
- Monthly profit −£16/mo — mildly negative — equity build may cover
- EPC band not stated — verify the certificate before offering (2030 MEES minimum is band C).
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
Monthly cashflow
−£16/mo
You top up £16/mo
Price vs market
Below market value
-10% vs 12 sold · interior unseen
Return · IRR
0.3%/yr
Modest annualised return
Cash left in
£91K
Stays in after refinancing at value
Price £230KCash to buy £110KReturn before costs on price 8.92%5-yr return on cash 5%Rent est. £1,709 (£1,483–£1,969)
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: £1,483–£1,969/mo · n=104
Financing
DepositYour cash in — the rest is the mortgage25% · £57,500
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 (£24,370–£45,490 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £172,500 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
-£16
after mortgage, operating costs & tax
Rent in£1,709/mo gross
£1,643/mo collected · £66/mo lost to voids
Where it goes
£934Mortgage£724Costs
Outgoings exceed rent — you top up £16/mo
Mortgage£934
Costs£724
Management£171
Maintenance£67
Insurance£28
CapEx reserve£85
Voids + council tax£7
Service charge + ground rent£246
Ltd co. accounts£104
Selective licensing£16
Tax—
Shortfall−£16
Returns
Return before costs on price8.92%
Cash return on cash-0.17%
Gross margin£919
Cash needed£110,043
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress1.76
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 | £20,508 | £8,694 | £11,213 | £0 | £114 | £488 | £488 |
| Year 2 | £21,123 | £8,955 | £11,213 | £0 | £182 | £774 | £1,262 |
| Year 3 | £21,757 | £9,223 | £11,213 | £0 | £251 | £1,070 | £2,332 |
| Year 4 | £22,410 | £9,500 | £11,213 | £0 | £322 | £1,375 | £3,708 |
| Year 5 | £23,082 | £9,785 | £11,213 | £0 | £396 | £1,689 | £5,396 |
Disposal gain (gross)-£30,503
CGT£0
Net Disposal proceeds£247,590
What we verified
What we verified
23062 ok · 3 caution · 0 fail · 6 unknown
Legal & planning
LeaseholdLeasehold
Tenure & planningLeasehold
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 1PP · 2 bed
Primary profile
Mixed demand
Nearest university
for student-let assessment
University of Brighton · 5.4 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
2-bed · 1-bath · 592 sqft
£18k–£35k
£ per sqft
building cost only
£30–£60
Per-item breakdown (4 lines)
- Kitchen · Full unit replacement£3,840–£8,640
- 1 × bathroom · Full strip + retile£3,325–£6,650
- Paint + decor£4,144–£7,696
- Flooring · Carpet on bedrooms + LVT/laminate downstairs£6,512–£12,432
Guide rates · UK May 2026
Tier-based bands — get a builder quote before exchanging.
Rent by the room licensingN/A
Price & sale history52d on marketno cuts yet
Sale price historythis address, HM Land RegistryPrice-Paid Data
Asking vs last sale
£35,000 in 1996 → £230,000 asking
+557.1%in 30y
- 1996£35,000—
HM Land Registry · Price-Paid Data (Open Government Licence). Growth percentages are nominal — not adjusted for inflation or local market movement.
Strategy matrix
Council lease wins — +£185/mo · £88/mo ahead of Short-stay let / Airbnb
| Strategy | Return before costs on price | Monthly profit | Cash needed | 5y Return on your cash on cash | Risk | Feasibility |
|---|---|---|---|---|---|---|
| Rent it out | 8.92% | -£16 | £110,043 | 4.9% | Low | Feasible |
| Housing-benefit rent | 6.25% | -£503 | £110,043 | -20.6% | Med | Feasible |
| ⭐ Council lease | 8.92% | +£185 | £110,043 | 13.2% | Low | Feasible |
| Refurb & refinance | 8.92% | +£0 | £134,540 | 4.6% | Med | Feasible |
| Short-stay let / Airbnb | 13.85% | +£96 | £110,043 | 8.3% | High | Feasible |
| Buy, improve & sell | 0.00% | -£445 | £291,090 | -5% | Med | Feasible |
| Rent by the room | — | — | — | — | — | Disabledneeds 3+ beds |
Short-let (SA) context441 active short-lets nearby
Short-let market context
- 441 active short-let listings in this postcode
Housing-benefit (LHA) scheme detailBRMA Brighton and Hove · cap £1,197/mo
Housing-benefit rent scheme detail
- Rental Market Area (BRMA):
- Brighton and Hove
- LHA monthly cap:
- £1,197
- Scheme type:
- PSL
- Premium:
- +600% premium over LHA cap
- Typical lease:
- 0 years lease
- Management:
- management covered by council
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
Local lettings demandby strategyLive area data
Short-stay let64% occupancy
£136/night ADR
Based on 114 short-let comps nearby
Rent by the room conversion upside
-£139/mo cash flow vs Rent it out if converted to Rent by the room
12.52% Return before costs on price converted vs 8.92% as-is
As-is Rent it out
Monthly profit+£231
Return before costs on price8.92%
Cash needed£69,398
If converted to Rent by the room
Monthly profit+£93
Return before costs on price12.52%
Cash needed£85,398
Δ vs Rent it out Monthly profit-£139
Show conversion detail
Cannot Rent by the room:Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.
Conversion cost estimate
£55,000
Range: £47,500 – £65,000
Fire safety, plumbing, partitioning, licensing.
Rates as of Apr 2026
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
£42,698–£77,167full refurb + room split
What's in this cost
- Kitchen£9,900–£19,800
- 1 × bathroom£6,750–£12,375
- Rewire£2,960–£4,736
- Replumb£2,368–£4,144
- Windows£6,512–£11,248
- Paint + decor£5,920–£10,064
- Flooring£8,288–£14,800
Comparables
sold within 0.5 miWide · CV 39.7%Med confidence
Loading 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
Schools & catchment1 school nearby
Nearby schoolsOfsted-rated, nearest first1 of 5
- Requires improvementBrunswick Primary SchoolPrimary · Community school · BN3 1RP
Ofsted · postcode-area match. Catchment areas vary year to year — verify with the local council before relying for school admissions.
Tax treatment
Annual gross rent£20,508
Section 24 credit£0
Annual tax due£114
Post-tax Monthly profit annual-£301
Exit costs
Projected sale price (5y · 2%/yr growth)£253,939
Capital gain (pre-CGT)£23,939
Sale costs (~2.5%)£6,348
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£5,396
Rates as of Oct 2024
Acquisition costs
£110,043cash neededPurchase price£230,000
Deposit (25%)£57,500
Stamp duty+5% additional-property surcharge£13,600
Refurb£32,493
Legal + survey£2,000
Mortgage fees£4,450
Total cash neededdeposit + costs (loan covers the rest)£110,043
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
About this propertydescription · rightmove
Description& agent copyRightmove
Superbly positioned in sought-after Furze Hill, this two-bedroom apartment offers a fantastic opportunity to create a lovely home in one of Hove’s most convenient locations.
The accommodation extends to approximately 592 sq. ft. and includes a bright south-facing living room, separate kitchen, two bedrooms and bathroom/WC. While the property would benefit from updating, it offers excellent potential for buyers looking to personalise a home to their own taste.
A particularly…
Floor plans
Nearby active comparables5 rentals
Comparable rentals
BN3 · same beds + typeMedian nearby: £1,600/mo · 5 of 5 already let-£109 vs our est
- Tisbury Road, Hove, BN3Let2b£1,550/moMay 2026
- Brunswick Terrace, Hove, BN3Let2b£2,499/moMay 2026
- Waterloo Street, Hove, BN3Let2b£1,500/moMay 2026
- Waterloo Street, Hove BN3 1AYLet2b£1,600/moMay 2026
- Livingstone Road, Hove, BN3Let2b£2,900/moMay 2026
Other deals nearby
BN3 · ±25% priceNo other nearby investment deals matched on postcode prefix + bedrooms.
Listing metarightmove · Elliotts
About this listing
52 days · RightmovePrice history
5-year price trend
Monthly profit
−£16
Cash needed
£110K
Return after costs
-0.17%
IRR
0.27%
Listed 52d ago
Furze Hill Court, Furze Hill, Hove
flat · 2 bed · 1 bath · 592 sqft
£230,000
est £1,709 · 8.92% gross
Priced below market
1 / 12
65/100
Solid
Real 8.92% — fundamentals work.
Priced below market -10% vs 12 nearby sold (last 12 mo)
Stress Rent-covers-mortgage check PASS at 6.5% rate stress
8.92% Return before costs — above-market
Price
£230K
10% below sold comps
Return before costs
8.92%
est rent £1,709/mo104 comps within 500 mRange £1,483–£1,969/mo (Q1–Q3)
Bedrooms
2
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: £1,483–£1,969/mo · n=104
Financing
DepositYour cash in — the rest is the mortgage25% · £57,500
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 (£24,370–£45,490 range), VAT-inclusive
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £172,500 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
-£16
after mortgage, operating costs & tax
Rent in£1,709/mo gross
£1,643/mo collected · £66/mo lost to voids
Where it goes
£934Mortgage£724Costs
Outgoings exceed rent — you top up £16/mo
Mortgage£934
Costs£724
Management£171
Maintenance£67
Insurance£28
CapEx reserve£85
Voids + council tax£7
Service charge + ground rent£246
Ltd co. accounts£104
Selective licensing£16
Tax—
Shortfall−£16
Returns
Return before costs on price8.92%
Cash return on cash-0.17%
Gross margin£919
Cash needed£110,043
Monthly profit paybackn/a (monthly loss)
Data confidence
Lender stress test
Rent-covers-mortgage check @ stress1.76
Rent-covers-mortgage check PASS · stress 6.5% (target 1.45)
Short-let (SA) context441 active short-lets nearby
Short-let market context
- 441 active short-let listings in this postcode
Housing-benefit (LHA) scheme detailBRMA Brighton and Hove · cap £1,197/mo
Housing-benefit rent scheme detail
- Rental Market Area (BRMA):
- Brighton and Hove
- LHA monthly cap:
- £1,197
- Scheme type:
- PSL
- Premium:
- +600% premium over LHA cap
- Typical lease:
- 0 years lease
- Management:
- management covered by council
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 | £20,508 | £8,694 | £11,213 | £0 | £114 | £488 | £488 |
| Year 2 | £21,123 | £8,955 | £11,213 | £0 | £182 | £774 | £1,262 |
| Year 3 | £21,757 | £9,223 | £11,213 | £0 | £251 | £1,070 | £2,332 |
| Year 4 | £22,410 | £9,500 | £11,213 | £0 | £322 | £1,375 | £3,708 |
| Year 5 | £23,082 | £9,785 | £11,213 | £0 | £396 | £1,689 | £5,396 |
Rent by the room upside
What we verified
3307
Legal & planning▾
Article 4HMO restriction lookupUnknown
Rent by the room licensingMandatory if 5+ unrelatedN/A
TenureTenure typeLeasehold
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
Service chargeReduces net yield£2,652.22/yr
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 miWide · CV 39.7%Med confidence
Loading nearby sold…
Location & transport
Tax & exit
Tax bandLtd Co 25%
Mortgage-interest tax rule credit£2,243
Annual rental tax£0
CGT yr 5£0 · company level
5y net total£5,396
Acquisition costs
25% deposit£57,500
Stamp duty£13,600
Refurb£32,493
Legal + survey£2,000
Mortgage + broker£4,450
Cash needed£110,043
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 copyRightmove
Superbly positioned in sought-after Furze Hill, this two-bedroom apartment offers a fantastic opportunity to create a lovely home in one of Hove’s most convenient locations.
The accommodation extends to approximately 592 sq. ft. and includes a bright south-facing living room, separate kitchen, two bedrooms and bathroom/WC. While the property would benefit from updating, it offers excellent potential for buyers looking to personalise a home to their own taste.
A particularly…
Floor plans
Listing
Sources: Rightmove · HM Land Registry · Ofsted · EA Flood Zones
Estimates not financial advice
Estimates not financial advice