2 Bed Flat, Single Let, Brighton, BN2 8BQ, £230,000

28 Longridge Avenue, Saltdean, Brighton, East Sussex, BN2 8LJ - 4 views - a year ago

Leasehold
BTL
ROI: 5%
~59 m²
+10 photos

ValuationUndervalued

Sold Prices£130K - £505K
Sold Prices/m²£2.8K/m² - £7.5K/m²

 

 

Square Metres

~59.10 m²
Price/m²£3.9K/m²

Value Estimate

£282,068
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£1,195 - £2,200

Rent Estimate

£1,250

Running Costs/mo

£989

Cashflow/mo

£261

Cashflow/yr

£3,135

ROI

5%

Gross Yield

7%

Local Sold Prices

37 sold prices from £130K to £505K, average is £270K. £2.8K/m² to £7.5K/m², average is £4.8K/m².

PriceDateDistanceAddressBeds 
£169K10/210.1 miFlat 2, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£145K11/210.1 miFlat 42, Homeridge House, Longridge Avenue, Saltdean, Brighton, East Sussex BN2 8RQ2
£215K09/210.3 mi122a, Lustrells Vale, Saltdean, Brighton, Brighton And Hove BN2 8FB2
£255K08/210.37 miFlat 7, Reba Court, Tye Close, Saltdean, Brighton, East Sussex BN2 8DY2
£405K11/210.64 mi50, Westfield Avenue South, Saltdean, Brighton, Brighton And Hove BN2 8HT2
£300K11/221.12 mi2, Tuscan Court, Telscombe Cliffs, Peacehaven, East Sussex BN10 7HF2
£203.5K06/211.14 miFlat 2, Greenacres, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LY2
£235K07/211.15 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£214K06/211.15 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£270K07/231.15 miFlat 2, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£224K11/211.15 miFlat 5, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£260K09/221.15 miFlat 9, Central House, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7LJ2
£230K05/231.17 mi111d, Central Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7NE2
£186K11/211.66 mi97a, Roderick Avenue, Peacehaven, East Sussex BN10 8BN2
£130K05/211.85 miFlat 3, Duncan House, Collingwood Close, Peacehaven, East Sussex BN10 8BA2
£217.9K05/232.12 mi56, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£217.9K06/232.12 mi41, Roundhouse Crescent, Peacehaven, East Sussex BN10 8GL2
£317K01/212.18 mi29, Piddinghoe Avenue, Peacehaven, East Sussex BN10 8RJ2
£345K05/212.22 mi43, Gladys Avenue, Peacehaven, East Sussex BN10 8RN2
£235K05/212.36 mi62, Westview Close, Peacehaven, East Sussex BN10 8GA2
£238K02/212.43 mi73, Kipling Avenue, Brighton, Brighton And Hove BN2 6UF2
£225K04/212.47 mi41, Friars Avenue, Peacehaven, East Sussex BN10 8SB2
£215K12/202.48 mi5, Lockwood Close, Brighton, Brighton And Hove BN2 6UJ2
£315K08/232.64 miFlat 43, St. Vincents Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XJ2
£325K01/212.67 miFlat 2, Britannia Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5SE2
£342K09/212.67 miFlat 70, Britannia Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5SF2
£325K11/232.73 mi52, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XB2
£280K12/202.73 mi97, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XB2
£390K10/232.75 mi30, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XA2
£307.5K01/242.75 mi17, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XA2
£415K08/232.79 miFlat 28, Wellington Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5WE2
£505K10/232.79 miFlat 3, Wellington Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5WE2
£290K02/212.8 miFlat 56, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XZ2
£326.5K07/212.8 miFlat 73, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XZ2
£377.5K03/212.8 miFlat 29, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XY2
£392.5K06/232.8 miFlat 39, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XY2
£340K03/232.88 miFlat 73, Neptune Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5SN2

Local Rents

16 rents from £1.2K/mo to £2.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50012/240 miIonian Heights, Saltdean, BN2 8BQ2
£1,25012/240 miSuez Way, Saltdean, Brighton, BN2 8BQ2
£1,40012/240 miIonian Heights, Suez Way2
£2,20008/230.03 mi-2
£1,50009/230.03 mi-2
£1,50005/240.03 mi-2
£1,50008/230.04 mi-2
£1,55002/250.04 mi-2
£1,50008/230.04 mi-2
£1,50012/240.04 miIonian Heights, Suez Way2
£1,25012/240.11 miLongridge Avenue, Saltdean, BN2 8LG2
£1,19512/240.3 mi-2
£1,40012/240.33 mi-2
£1,30012/240.37 miLustrells Vale, Saltdean, Brighton, BN22
£1,35012/240.41 miOaklands Avenue, Saltdean2
£1,90203/250.54 mi-2

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

3.95 miles away

Nearest school

0.40 miles away

Nearest train station

3.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £230,000

April 29, 2024

Floor Plans

Description

A modern two bedroom apartment situated in a highly sought after residential purpose build block in West Saltdean. The property has a large open plan kitchen living room with integrated appliances, under floor heating with stunning views, there are two good sized bedrooms with master having built in wardrobe cupboards and en-suite shower room. There is another family bathroom both have white suites and are fully tiled. the complex benefits from its own private gym (additional annual charge). This is a superb property and an opportunity not to be missed. The apartment is available for sale with no onward chain.

Ionian Heights is located in a popular residential area in West Saltdean. A host of lovely footpaths are within a short distance of the property giving easy access to the stunning South Downs National Park providing wonderful walks and outstanding views of the area. Local amenities are all within easy reach, there is Lustrells Vale with a butchers, Co-op, laundrette, green grocer and buses. Saltdean primary school is located in Chiltington Way. Saltdean Park and the famous Art deco Lido, offering a variety of leisure activities. A selection of shops and pubs are located in Longridge Avenue. Bus routes are found on Saltdean Vale, Lustrells Vale and Longridge Avenue and also on Marine Drive, providing easy access in Brighton's main city centre. Brighton’s Mainline Railway Station is approximately 5 miles away.

Agent Details

King & Chasemore, Saltdean

01273 109742

Next Steps?

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