ValuationUndervalued

Sold Prices	£347K - £2.8M
Sold Prices/m²	£3K/m² - £15.5K/m²

Square Metres	~186 m²
Price/m²	£2.8K/m²
Value Estimate	£635,250£635,250
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£131,250£131,250
Stamp Duty & Legal Fees	£43,700£43,700
Total Cash In	£174,950£174,950

Cash Out
Room Rate	£741£741
Gross Rent	£4,446£4,446
Running Costs/mo	£3,313£3,313
Cashflow/mo	£1,133£1,133
Cashflow/yr	£13,598£13,598
ROI	8%8%
Gross Yield	10%10%

Local Sold Prices

26 sold prices from £347K to £2.8M, average is £1.2M. £3K/m² to £15.5K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£580K	12/23	0.16 mi	83, Hanover Street, Brighton, Brighton And Hove BN2 9SS	£6,321	92	6	Terraced House
£1.4M	01/25	0.4 mi	9, East Drive, Brighton BN2 0BQ	£7,713	188	6	Semi-Detached House
£580K	02/23	0.48 mi	29, Blaker Street, Brighton, Brighton And Hove BN2 0JJ	£5,001	116	6	Terraced House
£550K	06/25	0.7 mi	22, Charles Street, Brighton BN2 1TG	-	-	6	Terraced House
£1.7M	03/25	0.72 mi	53, Springfield Road, Brighton BN1 6DF	£5,463	308	6	Semi-Detached House
£630K	07/21	0.87 mi	60, Hollingbury Road, Brighton, Brighton And Hove BN1 7JA	-	-	6	Terraced House
£562.5K	02/23	0.89 mi	79, Hollingdean Terrace, Brighton, Brighton And Hove BN1 7HB	£7,031	80	6	Terraced House
£2.1M	06/25	0.9 mi	27, Montpelier Crescent, Brighton BN1 3JJ	£7,023	299	6	Terraced House
£2.1M	06/25	0.9 mi	27, Montpelier Crescent, Brighton BN1 3JJ	-	-	6	Terraced House
£960K	06/21	1 mi	5, Upper Hamilton Road, Brighton, Brighton And Hove BN1 5DF	£4,898	196	6	Terraced House
£347K	01/23	1.2 mi	47, Findon Road, Brighton, Brighton And Hove BN2 5NY	-	-	6	Terraced House
£1.5M	12/21	1.23 mi	15, Nizells Avenue, Hove, Brighton And Hove BN3 1PL	-	-	6	Detached House
£400K	03/25	1.24 mi	59, Wilson Avenue, Brighton, Brighton And Hove BN2 5PA	£4,124	97	6	Semi-Detached House
£522K	12/21	1.39 mi	3, Colbourne Avenue, Brighton, Brighton And Hove BN2 4GE	£6,289	83	6	Semi-Detached House
£1.1M	06/21	1.59 mi	21, Orpen Road, Hove, Brighton And Hove BN3 6NJ	£4,064	283	6	Detached House
£1.7M	10/23	1.81 mi	53, Roedean Crescent, Brighton, Brighton And Hove BN2 5RG	£5,948	290	6	Detached House
£1.2M	06/23	1.85 mi	11, Surrenden Close, Brighton, Brighton And Hove BN1 8EB	-	-	6	Semi-Detached House
£1.9M	10/24	1.87 mi	19, Surrenden Crescent, Brighton BN1 6WE	£6,066	305	6	Detached House
£2.7M	11/22	1.99 mi	79, Hove Park Road, Hove, Brighton And Hove BN3 6LL	£15,535	174	6	Detached House
£2.1M	11/21	2.02 mi	105, Shirley Drive, Hove, Brighton And Hove BN3 6UE	£14,583	144	6	Detached House
£875K	09/23	2.46 mi	116, The Ridgway, Brighton, Brighton And Hove BN2 6PB	£3,017	290	6	Detached House
£2.5M	12/24	2.49 mi	7, Dyke Close, Hove BN3 6DB	£6,739	371	6	Detached House
£1.4M	09/21	2.51 mi	16, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ	-	-	6	Semi-Detached House
£2.8M	07/23	2.52 mi	6, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ	£10,210	274	6	Detached House
£525K	06/21	2.53 mi	33, Wanderdown Road, Ovingdean, Brighton, Brighton And Hove BN2 7BT	-	-	6	Detached House
£945K	06/21	2.54 mi	27, Modena Road, Hove, Brighton And Hove BN3 5QF	£5,431	174	6	Semi-Detached House

Local Area Statistics

Population in BN2	93,12493,124
Population in Brighton	208,224208,224
Town centre distance	0.93 miles away0.93 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.65 miles away0.65 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £525,000

August 24, 2023

Description

6 Double Bedrooms +
Open Plan Living Room and Kitchen +
No Chain +
Central Location +
Walking Distance To The Laines +
4 Stories +

Kendrick Property Services are delighted to bring to the market a spacious 6 HMO bedroom house in Brighton. The property is in a great central location on Islingword Road, in the popular Hanover area. The property is within easy walking distance to the beach, nearby shops and vibrant nightlife. The property consists of a open plan lounge and kitchen, 6 double bedrooms, 2 bathrooms and patio garden. The property has been let fo 23/24.