Yes, this is perfectly valid. In order to do what you're trying do accomplish here with induction, what you would do is assume it holds, like you have, for some k $\ge$ 1, i.e,
$$\sum_{n=1}^k (5nā1) = \frac k2(3+5k)$$
Now you can simply add $5(k+1)-1=5k+4$ to both sides of the equation, just like you have, to get
$$\sum_{n=1}^{k+1} (5nā1) = \frac k2(3+5k)+5k+4$$
Now is the time to take your logic one step further. We simply do a little algebra on the terms of the right side of the equation to get
$$\begin{align}
\frac k2(3+5k)+5k+4 &=\frac k2(3+5k)+\frac 12(10k+8) \\
& =\frac {k(3+5k)+10k+8}2 \\
& =\frac {15k^2+13k+8}2 \\
& =\frac {k+1}2(5k+8) \\
& =\frac {k+1}2(3+5k+5) \\
& =\frac {k+1}2(3+5(k+1))
\end{align}$$
Which is exactly what we wanted to show.
So what we've done is shown that if the statement is true for some positive integer k, then it must also be true for k+1. Now we have to establish our base case, namely, that the statement is true for k=1. This is quite simple, really:
$$5(1)-1=4$$
$$\frac {(1)}2(3+5(1))=\frac 82=4$$
So, since we have shown that if the statement holds for one number, it must hold for the next, and since it does hold for n=1, it must also hold for n=2, which means it must also hold for n=3, which means it must also hold for n=4... and so the logic chains on to infinity. This means that it must hold for all n$\epsilon\mathbb{N}$, the set of natural numbers.
This completes our proof by induction, and you may now write, in your most elaborate cursive, $\mathscr{Q.E.D.}$
P.S. I want to apologize if I may have made the process look more complicated than it is with all these steps. I just wanted to guide you step-by-step through the process of completing a proof by induction. It's really not that hard, it just requires a little abstract thinking.