2 Bed Flat, Refurb/BRRR, Brighton, BN2 1FB, £325,000

21a Chesham Place, Brighton, BN2 1FB - 3 views - 8 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~68 m²
+14 photos

ValuationFair Value

Sold Prices£205K - £700K
Sold Prices/m²£4.8K/m² - £11K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£328,250

 

 

End Value (After Refurb)

£396,500

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£32,249

Bridging Loan Interest

£8,531

Total Cash In

£138,480

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£396,500

Agent Fees (1%)

£3,965

Bridging Loan

£243,750

Bridging Loan Interest

£8,531

Flip Profit

£10,305

Local Sold Prices

37 sold prices from £205K to £700K, average is £335K. £4.8K/m² to £11K/m², average is £5.9K/m².

PriceDateDistanceAddressBeds 
£443K01/240 mi5a, Chesham Place, Brighton, Brighton And Hove BN2 1FB2
£396.5K09/210.05 miFlat B, 14, Chesham Road, Brighton, Brighton And Hove BN2 1NB2
£412.5K06/210.06 miBasement Flat, 4, Eaton Place, Brighton, Brighton And Hove BN2 1EH2
£700K04/210.08 miGround Floor Flat, 12, Chichester Terrace, Brighton, Brighton And Hove BN2 1FG2
£691K12/200.13 miFirst Floor Flat, 6, Lewes Crescent, Brighton, East Sussex BN2 1FH2
£315K12/210.2 miBasement Flat, 16, Paston Place, Brighton, Brighton And Hove BN2 1HA2
£205K04/210.26 miFlat 24, Jasmine, Donald Hall Road, Brighton, Brighton And Hove BN2 5DE2
£320K03/210.28 miLower Ground Floor Flat, 26, Marine Square, Brighton, Brighton And Hove BN2 1DN2
£240K09/230.28 miGround Floor Flat, 26, Marine Square, Brighton, Brighton And Hove BN2 1DN2
£375K04/230.38 miUpper Maisonette, 8, Arundel Street, Brighton, Brighton And Hove BN2 5TG2
£360K01/210.38 miFirst And Second Floor Flat, 12a, Crescent Place, Brighton, Brighton And Hove BN2 1AS2
£280K12/200.39 miTop Floor Flat, 6, College Road, Brighton, East Sussex BN2 1JA2
£249K11/230.39 miGround Floor Flat, 23, College Road, Brighton, Brighton And Hove BN2 1JB2
£295K04/230.47 miFlat 23, Henley Court, Henley Road, Brighton, Brighton And Hove BN2 5NA2
£343.5K08/230.58 miGround Floor Flat, 9, Evelyn Terrace, Brighton, Brighton And Hove BN2 0EP2
£340K03/230.7 miFlat 73, Neptune Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5SN2
£350K12/200.79 miJasmine Cottage, 21b, West Drive, Brighton, Brighton And Hove BN2 0QU2
£290K02/210.79 miFlat 56, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XZ2
£326.5K07/210.8 miFlat 73, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XZ2
£377.5K03/210.8 miFlat 29, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XY2
£392.5K06/230.8 miFlat 39, Merton Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XY2
£415K08/230.8 miFlat 28, Wellington Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5WE2
£505K10/230.8 miFlat 3, Wellington Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5WE2
£299.9K02/230.82 miGround Floor Flat, 22, Down Terrace, Brighton, Brighton And Hove BN2 9ZH2
£325K06/210.83 mi146a, Queens Park Road, Brighton, Brighton And Hove BN2 0GG2
£390K10/230.83 mi30, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XA2
£307.5K01/240.83 mi17, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XA2
£335K12/200.84 mi70a, Richmond Street, Brighton, Brighton And Hove BN2 9PE2
£325K11/230.86 mi52, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XB2
£280K12/200.86 mi97, Victory Mews, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XB2
£360K11/210.87 mi214, Queens Park Road, Brighton, Brighton And Hove BN2 9ZB2
£325K01/210.92 miFlat 2, Britannia Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5SE2
£342K09/210.92 miFlat 70, Britannia Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5SF2
£315K06/210.93 mi2a, Finsbury Road, Brighton, Brighton And Hove BN2 9UU2
£320K11/200.93 mi110a, Albion Hill, Brighton, East Sussex BN2 9PA2
£315K08/230.94 miFlat 43, St. Vincents Court, The Strand, Brighton Marina Village, Brighton, Brighton And Hove BN2 5XJ2
£415K01/210.98 mi3, Arnold Street, Brighton, Brighton And Hove BN2 9XS2

Local Rents

51 rents from £1.3K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,98502/240 mi-2
£1,65012/240.02 mi-2
£1,78012/240.03 mi-2
£1,50012/240.04 miPercival Mansions, Brighton2
£1,65012/240.04 miPercival Terrace, BRIGHTON2
£2,30012/240.05 miEaton Place, Brighton2
£1,75012/240.05 miEaton Place, Brighton, East Sussex, BN22
£1,70003/250.06 mi-2
£3,00012/240.08 miChichester Terrace, Brighton2
£1,75012/240.08 miChichester Terrace, BN22
£1,51003/250.09 mi-2
£2,00012/240.1 mi-2
£1,90002/250.1 mi-2
£1,60012/240.1 miBelgrave Place, Brighton, BN2 1EL2
£1,99512/240.12 miMarine Parade, Brighton, BN22
£1,55012/240.14 miSt. Georges Road, BN22
£2,30012/240.16 miEastern Terrace, Brighton, East Sussex, BN22
£1,40002/250.17 mi-2
£2,00012/240.19 mi-2
£1,25001/250.2 mi-2
£2,90002/240.22 mi-2
£2,90002/240.22 mi-2
£1,70012/240.22 miMarine Parade, BRIGHTON2
£1,49501/250.22 mi-2
£2,00001/250.23 mi-2
£2,70003/250.23 mi-2
£1,65012/240.23 miPortland Place, Brighton, East Sussex, BN22
£1,97512/240.24 miSussex Square, Brighton, BN2 5AD2
£1,97512/240.24 miSussex Square, Kemp Town2
£1,50002/240.25 mi-2
£1,60003/250.25 mi-2
£2,79512/240.26 mi-2
£1,70012/240.26 miArundel Place ,Brighton, BN2 1GR2
£1,35003/250.28 mi-2
£1,30001/250.28 mi-2
£1,70012/240.28 miMarine Parade, Brighton, BN2 1DF2
£1,60012/240.29 miEastern Road, Brighton BN22
£2,00012/240.29 miArundel Terrace, Brighton2
£2,10003/250.29 mi-2
£2,15012/240.3 miSt George's Road, Brighton2
£2,15012/240.3 miSt George's Road, Brighton2
£2,00012/240.3 miArundel Terrace, Brighton, BN2 1GA2
£1,35012/240.31 miEastern Road, Brighton2
£1,55012/240.31 miCollege Gardens2
£3,02512/240.31 mi-2
£2,02501/250.31 mi-2
£1,50003/250.32 mi-2
£1,50012/240.32 miMarine Square, Brighton2
£1,55002/250.32 mi-2
£1,25012/240.32 miBelle Vue Gardens, Brighton, BN22
£1,50012/240.33 miRugby Court, Bristol Gardens2

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

1.40 miles away

Nearest school

0.30 miles away

Nearest train station

1.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £325,000

July 29, 2024

Floor Plans

Description

  • Large Two Bedroom Apartment +
  • Private Entrance +
  • Beautiful East Facing Patio +
  • Sold With New Lease +
  • Chain Free +
  • Large Lounge +
  • Well Proportioned Bedrooms +
  • Seconds From Seafront +
  • Short Walk Into Kemptown Village +
  • Requires Modernisation +

Stepping through your private entrance, you come into a long hall space leading the length of the apartment. To your right, a large master bedroom, with a beautiful, west facing bay window and natural light flooding in. To the end of the hall, a large bright lounge space complete with a beautiful outlook, a fireplace to the far wall and a door leading out to a private courtyard. The courtyard is a large patio space, with beautiful flowers surrounding it and east facing, perfect for your morning coffee. The kitchen leads off the lounge space and is of a large size, with a south facing aspect, views across the courtyard and leads out to the private courtyard. The kitchen has more than enough space for large quantities of storage, not to mention space for a fridge freezer, washing machine and further appliances. The second bedroom is a large single, again with a south facing window allowing for beautiful light all day, with more than enough space for a bed and various storage options. The property also features a large bathroom, with a modern walk in shower, W/C and wash basin.
Although requiring modernisation, this property is in a prime location on a sought after part of Kemptown. With easy access to the beach and a short walk from the village, boasting scores of shops, bakeries and bars, this property is an absolute must see.

Agent Details

Paul Bott & Co, Brighton

01273 109844

Next Steps?

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