3 Bed Terraced House, Single Let, Brighton, BN2 6TG, £300,000

227 Cowley Drive, Brighton And Hove, BN2 6TG - a year ago

Auction
BTL
ROI: 2%
82 m²
+6 photos

ValuationUndervalued

Sold Prices£230K - £770K
Sold Prices/m²£2.6K/m² - £8.5K/m²

 

 

Square Metres

82 m²
Price/m²£3.7K/m²

Value Estimate

£345,684
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,225 - £3,600

Rent Estimate

£1,338

Running Costs/mo

£1,225

Cashflow/mo

£113

Cashflow/yr

£1,355

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £230K to £770K, average is £425K. £2.6K/m² to £8.5K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£303K06/230 mi269, Cowley Drive, Woodingdean, Brighton, Brighton And Hove BN2 6TG3
£420K04/230.02 mi238, Cowley Drive, Woodingdean, Brighton, Brighton And Hove BN2 6TH3
£330K12/200.02 mi224, Cowley Drive, Woodingdean, Brighton, Brighton And Hove BN2 6TH3
£292K03/210.02 mi44, Foxdown Road, Brighton, Brighton And Hove BN2 6TL3
£285K08/210.04 mi57, Foxdown Road, Brighton, Brighton And Hove BN2 6TJ3
£415K01/210.14 mi81, Crescent Drive South, Brighton, Brighton And Hove BN2 6SB3
£467K01/230.15 mi16, Frimley Close, Brighton, Brighton And Hove BN2 6SD3
£320K02/210.18 mi16, Stanstead Crescent, Brighton, Brighton And Hove BN2 6TQ3
£450K06/210.18 mi15, Maple Close, Brighton, Brighton And Hove BN2 6SE3
£485K12/200.18 mi8, Maple Close, Brighton, Brighton And Hove BN2 6SE3
£463K03/230.18 mi9, Maple Close, Brighton, Brighton And Hove BN2 6SE3
£303K02/210.22 mi160, Cowley Drive, Brighton, East Sussex BN2 6TD3
£357.5K02/210.22 mi154, Cowley Drive, Brighton, Brighton And Hove BN2 6TD3
£333K11/210.23 mi99, Stanstead Crescent, Brighton, East Sussex BN2 6TR3
£335K10/230.23 mi97, Stanstead Crescent, Brighton, Brighton And Hove BN2 6TR3
£230K10/210.27 mi46, Netherfield Green, Brighton, Brighton And Hove BN2 6QP3
£520K10/230.27 mi99, Downs Valley Road, Brighton, Brighton And Hove BN2 6RG3
£439K08/230.28 mi21, Broad Green, Brighton, Brighton And Hove BN2 6TB3
£290K05/210.3 mi9, Batemans Road, Brighton, East Sussex BN2 6RD3
£255K06/210.3 mi34, Batemans Road, Brighton, Brighton And Hove BN2 6RD3
£440K08/230.3 mi8, Batemans Road, Brighton, Brighton And Hove BN2 6RD3
£375K04/230.3 mi9, Batemans Road, Brighton, Brighton And Hove BN2 6RD3
£500K09/230.34 mi1, Rosedene Close, Brighton, Brighton And Hove BN2 6LE3
£341.5K10/210.35 mi16, Lockwood Crescent, Brighton, Brighton And Hove BN2 6UG3
£750K08/230.4 mi7, Crescent Drive South, Brighton, Brighton And Hove BN2 6RA3
£600K08/230.4 mi13, Crescent Drive South, Brighton, Brighton And Hove BN2 6RA3
£456K06/210.42 mi3, Brownleaf Road, Brighton, Brighton And Hove BN2 6LD3
£380K03/210.45 mi6, Selhurst Road, Brighton, East Sussex BN2 6WF3
£475K10/230.45 mi40, Selhurst Road, Brighton, Brighton And Hove BN2 6WF3
£525K03/230.45 mi42, Selhurst Road, Brighton, Brighton And Hove BN2 6WF3
£530K11/220.46 mi9, Selhurst Road, Brighton, Brighton And Hove BN2 6WE3
£605K06/230.46 mi37, Selhurst Road, Brighton, Brighton And Hove BN2 6WE3
£440K09/210.46 mi9, Laughton Road, Brighton, Brighton And Hove BN2 6QF3
£485K04/210.47 mi84, Crescent Drive North, Brighton, Brighton And Hove BN2 6SN3
£410K05/230.48 mi135, The Ridgway, Brighton, Brighton And Hove BN2 6PA3
£515K03/210.49 mi79, The Ridgway, Brighton, Brighton And Hove BN2 6PB3
£690K12/220.5 mi51, Crescent Drive North, Brighton, Brighton And Hove BN2 6SL3
£305K03/210.51 mi53, Rudyard Road, Brighton, Brighton And Hove BN2 6UB3
£410K01/240.51 mi73, Crescent Drive North, Brighton, Brighton And Hove BN2 6SL3
£326K10/230.52 mi1, Cowley Drive, Woodingdean, Brighton, Brighton And Hove BN2 6WA3
£410K03/210.53 mi60, The Ridgway, Brighton, Brighton And Hove BN2 6PD3
£400K12/200.53 mi61, The Ridgway, Brighton, Brighton And Hove BN2 6PD3
£495K09/230.55 mi398, Falmer Road, Brighton, Brighton And Hove BN2 6LA3
£395K03/210.58 mi22, Briarcroft Road, Brighton, Brighton And Hove BN2 6LL3
£460K12/200.69 mi3, Ridgway Close, Brighton, Brighton And Hove BN2 6LQ3
£440K02/240.72 mi480, Falmer Road, Brighton, Brighton And Hove BN2 6LH3
£770K04/210.76 mi3, Ovingdean Close, Ovingdean, Brighton, Brighton And Hove BN2 7AD3
£298K12/200.77 mi30, Sandhurst Avenue, Brighton, Brighton And Hove BN2 6NG3
£430K11/200.95 mi14, Mcwilliam Road, Brighton, East Sussex BN2 6BE3
£514K04/210.95 mi21, Wanderdown Way, Ovingdean, Brighton, Brighton And Hove BN2 7BX3

Local Rents

15 rents from £1.2K/mo to £3.6K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.12 miLarch Close3
£1,60012/240.15 mi-3
£1,80012/240.16 mi-3
£1,95012/240.26 miDowns Valley Road, Brighton3
£2,25012/230.28 mi-3
£2,95012/240.28 mi-3
£1,60001/250.34 mi-3
£1,30001/240.38 mi-3
£2,00012/240.38 mi-3
£1,69512/240.66 miBalsdean Road, Woodingdean3
£1,79502/250.71 mi-3
£1,22512/240.82 miWarren Way, Woodingdean3
£3,60012/241.11 mi-3
£1,95001/251.16 mi-3
£1,74512/241.18 mi-3

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

2.21 miles away

Nearest school

0.20 miles away

Nearest train station

2.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £300,000

March 4, 2024

Sold for £225,000

2014

Sold for £155,000

2005

Sold for £136,000

2003

Sold for £50,000

1996

Floor Plans

Description

  • Buyers Fees apply - see brochure for details +
  • Chain free +
  • Open plan living space filled with lots of natural light +
  • Large patio area leading to a beautiful sunny rear garden +
  • Sought after location +
  • Handy off road parking for two vehicles +
  • For sale by Modern Auction - T&Cs apply +
  • Subject to an undisclosed Reserve Price +

This CHAIN FREE bright and airy mid terraced house comes with handy off-street parking for two cars, beautiful sunny rear garden with a raised patio to make the most of the view and a spacious open plan living area. Ideal for first time buyers or families with some scope to make your own. It is Situated close to local shops, schools and bus routes which provide quick and easy links to Brighton city centre as well as nearby access to the A27 or Rottingdean. This property is for sale by Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, I-Am Sold.

Room sizes:

  • Hallway
  • Lounge/Diner: 24'9 x 9'8 (7.55m x 2.95m)
  • Kitchen: 16'0 x 7'4 (4.88m x 2.24m)
  • Landing
  • Bedroom 1: 12'1 x 11'6 (3.69m x 3.51m)
  • Bedroom 2: 12'9 x 8'8 (3.89m x 2.64m)
  • Bedroom 3: 8'8 x 8'8 (2.64m x 2.64m)
  • Bathroom
  • W/C
  • Rear Garden
  • Driveway  
    AUCTIONEER'S COMMENTS This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee, this being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. The seller can instruct iamsold to agree a sale without a bidding process taking place or prior to a closing date. No further bids can be accepted after a buyer has paid a Reservation Fee REFERRAL ARRANGEMENTS Cubitt & West and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Cubitt & West may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. TO VIEW OR MAKE A BID - Contact Cubitt & West _
     
    The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
     
    We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.
    _

Agent Details

Cubitt & West, Woodingdean

01273 109785

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪