2 Bed Flat, Single Let, Brighton, BN2 3HG, £250,000

16 Devonian Court, 36 Park Crescent Place, Brighton, BN2 3HG - 7 months ago

Sold STC
Leasehold
BTL
ROI: 5%
50 m²
+4 photos

ValuationUndervalued

Sold Prices£137.5K - £1.3M
Sold Prices/m²£3.6K/m² - £8K/m²

 

 

Square Metres

50 m²
Price/m²£5K/m²

Value Estimate

£285,587
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£1,200 - £5,489

Rent Estimate

£1,375

Running Costs/mo

£1,076

Cashflow/mo

£299

Cashflow/yr

£3,585

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £137.5K to £1.3M, average is £323K. £3.6K/m² to £8K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£316K06/210.06 mi132a, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FD2
£249.5K02/230.09 mi169b, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FB2
£137.5K03/230.1 miFirst Floor Flat, 15, Wakefield Road, Brighton, Brighton And Hove BN2 3FP2
£255K06/210.15 mi27b, Upper Lewes Road, Brighton, East Sussex BN2 3FH2
£248.5K12/210.19 mi80b, Hanover Street, Brighton, Brighton And Hove BN2 9SS2
£355K12/200.2 mi29, Elm Grove, Brighton, Brighton And Hove BN2 3ET2
£412.5K03/210.27 miUpper Maisonette, 57, Shaftesbury Road, Brighton, Brighton And Hove BN1 4NF2
£235K04/210.28 mi29a, Franklin Road, Brighton, East Sussex BN2 3AE2
£331K11/210.29 miGround Floor Flat, 15, Richmond Terrace, Brighton, Brighton And Hove BN2 9SA2
£321K01/240.31 mi103, Southover Street, Brighton, Brighton And Hove BN2 9UD2
£250K09/230.33 mi31, Bonchurch Road, Brighton, Brighton And Hove BN2 3PJ2
£332K02/230.37 mi4a, Bembridge Street, Brighton, Brighton And Hove BN2 3LN2
£315K06/210.38 mi2a, Finsbury Road, Brighton, Brighton And Hove BN2 9UU2
£317.8K11/200.4 mi24a, Shanklin Road, Brighton, Brighton And Hove BN2 3LQ2
£290K03/210.41 miFirst Floor Flat, 28, Whippingham Street, Brighton, Brighton And Hove BN2 3LL2
£415K01/210.41 mi3, Arnold Street, Brighton, Brighton And Hove BN2 9XS2
£270K11/210.42 miFirst Floor Flat, 87, Shanklin Road, Brighton, Brighton And Hove BN2 3LP2
£315K04/210.42 mi101, Shanklin Road, Brighton, Brighton And Hove BN2 3LP2
£315K12/200.42 miGround Floor Flat, 36, Whippingham Street, Brighton, Brighton And Hove BN2 3LL2
£360K11/210.46 mi214, Queens Park Road, Brighton, Brighton And Hove BN2 9ZB2
£320K11/200.46 mi110a, Albion Hill, Brighton, East Sussex BN2 9PA2
£595K07/210.47 mi28, Stroudley Road, Brighton, Brighton And Hove BN1 4BH2
£450K01/230.48 mi40, Campbell Road, Brighton, Brighton And Hove BN1 4QD2
£325K06/210.5 mi146a, Queens Park Road, Brighton, Brighton And Hove BN2 0GG2
£325K07/230.5 mi4, Totland Road, Brighton, Brighton And Hove BN2 3EN2
£350K03/230.5 miGround Floor Flat, 24, Totland Road, Brighton, Brighton And Hove BN2 3EN2
£220K05/230.51 miGround Floor Flat, 4, Springfield Road, Brighton, Brighton And Hove BN1 6DA2
£277.5K02/210.52 mi41a, Sandown Road, Brighton, Brighton And Hove BN2 3EH2
£335K12/200.53 mi70a, Richmond Street, Brighton, Brighton And Hove BN2 9PE2
£331K10/230.53 miTop Flat, 28, Grantham Road, Brighton, Brighton And Hove BN1 6EE2
£350K12/200.54 miJasmine Cottage, 21b, West Drive, Brighton, Brighton And Hove BN2 0QU2
£299.9K02/230.54 miGround Floor Flat, 22, Down Terrace, Brighton, Brighton And Hove BN2 9ZH2
£326K02/230.54 mi3, Waverley Crescent, Brighton, Brighton And Hove BN1 7BG2
£325K11/210.55 mi81, Bear Road, Brighton, Brighton And Hove BN2 4DB2
£301.5K11/230.55 mi105, Bear Road, Brighton, Brighton And Hove BN2 4DB2
£284K11/200.55 mi145, Bear Road, Brighton, Brighton And Hove BN2 4DB2
£312K09/210.56 miGround Floor Flat, 23, Ryde Road, Brighton, Brighton And Hove BN2 3EG2
£295K07/230.56 miFlat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£290K07/230.56 miFlat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£640K04/210.59 miFlat 35, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£460K06/210.59 miFlat 27, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£450K10/230.59 miFlat 56, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£415K11/210.59 miFlat 24, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£475K04/230.59 miFlat 75, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£1.3M01/210.59 mi39, Stanford Avenue, Brighton, Brighton And Hove BN1 6GA2
£585K09/230.6 miApartment 27, Preston Mansions, Preston Park Avenue, Brighton, Brighton And Hove BN1 6HP2
£345K11/200.63 miLower Ground Floor Flat, 61, Buckingham Road, Brighton, Brighton And Hove BN1 3RQ2
£390K02/210.65 mi29b, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HA2
£313K07/230.65 mi265, Bear Road, Brighton, Brighton And Hove BN2 4DD2
£270K10/210.66 mi45, Havelock Road, Brighton, Brighton And Hove BN1 6GL2

Local Rents

50 rents from £1.2K/mo to £5.5K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.01 miDevonian Court, Brighton, BN22
£1,50012/240.03 miPark Crescent Place, Brighton, BN22
£1,40012/240.05 miSt Paul's Street, Brighton, BN22
£1,40012/240.08 miLewes Road - P13972
£1,66312/240.08 miUpper Lewes Road, Brighton2
£1,20012/240.1 miWellington Road, BN22
£1,70012/240.1 miUpper Lewes Road, Brighton, East Sussex, BN22
£1,35012/240.11 mi-2
£1,40012/240.11 mi-2
£1,40002/240.11 mi-2
£1,30012/240.11 mi-2
£1,45012/240.13 miUpper Lewes Road, Brighton, East Sussex, BN22
£1,37512/240.13 miWellington Road, Brighton2
£1,20012/240.13 mi-2
£1,35012/240.15 miUpper Lewes Road, Brighton2
£1,52512/240.15 miLewes Road, BRIGHTON BN22
£1,35012/240.16 miWellington Road, Brighton2
£1,47312/240.16 miCaledonian Road, Brighton, BN22
£1,62512/240.16 miLewes Road, Brighton2
£1,30012/240.16 miWELLINGTON ROAD, Sussex, BN22
£1,45012/240.17 miUpper Lewes Road, Brighton2
£1,45012/240.17 miUpper Lewes Road, Brighton, BN22
£1,52503/250.18 mi-2
£1,65012/240.2 miElm Grove, Brighton, East Sussex, BN22
£1,30012/240.2 miUpper Lewes Road, Brighton2
£1,65012/240.2 miEdinburgh Road, Brighton2
£1,65012/240.2 miEdinburgh Road, Brighton2
£1,40012/240.2 miElm Grove, Brighton, BN2 3ET2
£1,65012/240.22 miWarleigh Road2
£1,77512/240.23 miShaftesbury Road, Brighton2
£1,47512/240.23 miSouthover Street, Brighton, BN22
£1,65012/240.23 miDitchling Road, Brighton, East Sussex, BN12
£1,34012/240.24 miViaduct Road, Brighton, East Sussex2
£1,70012/240.24 miThe Barrows, Francis Street, Brighton2
£1,43012/240.24 miInverness Road, Brighton2
£1,40012/240.25 miBaker Street, Brighton2
£1,39503/250.25 mi-2
£1,70012/240.26 miPevensey Road, Brighton, East Sussex2
£1,40012/240.27 miFranklin Road, Brighton2
£1,73312/240.27 miViaduct Road, Brighton2
£1,50012/240.28 miViaduct Road, Brighton, East Sussex, BN12
£1,80012/240.29 miMarshalls Row, Brighton2
£5,48912/240.29 miRose Hill Terrace, BN12
£1,70012/240.29 miDitchling Rise, Brighton2
£1,60002/240.3 mi-2
£1,60012/240.3 miDitchling Rise, Brighton, East Sussex, BN12
£1,38712/240.31 miSouthover Street, Brighton2
£1,65012/240.31 miShaftesbury Road2
£1,85012/240.31 miRose Hill Terrace, Brighton2
£1,80012/240.31 miRose Hill Terrace, Brighton2

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

0.96 miles away

Nearest school

0.20 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £250,000

August 9, 2024

Floor Plans

Description

  • First floor purpose built apartment +
  • Two double bedrooms +
  • Good Size sitting room and kitchen +
  • Ideal investment or first time purchase +
  • Current rent £16,500 per year +
  • Central Brighton Location +
  • Guide Price £250,000 - £260,000 +

This charming first-floor purpose-built apartment, ideally situated in the heart of central Brighton. This well-maintained residence features two spacious double bedrooms, making it perfect for first-time buyers or investors seeking a lucrative opportunity.

Upon entering, you'll find a generous sitting room that offers ample space for relaxation and entertaining. The room is filled with natural light, creating a warm and inviting atmosphere. Close to the sitting room is a well-equipped kitchen, providing the perfect space for culinary enthusiasts to whip up delicious meals.

This apartment is not only a comfortable living space but also an excellent investment opportunity, with a current rental income of £16,500 per year. The prime location in central Brighton ensures easy access to local amenities, shops, restaurants, and vibrant nightlife, as well as convenient transport links.

With its combination of desirable features and fantastic location, this apartment is an ideal choice for those looking to make their first step onto the property ladder or for seasoned investors seeking a reliable rental property. Don't miss the chance to view this exceptional apartment in one of Brighton's most sought-after areas!  

FIRST FLOOR  

ENTRANCE HALL  

KITCHEN 10' 0" x 9' 5" (3.05m x 2.87m)  

BEDROOM 11' 9" x 8' 9" (3.58m x 2.67m)  

BEDROOM 11' 6" x 9' 5" (3.51m x 2.87m)  

SITTING ROOM 13' 1" x 11' 1" (3.99m x 3.38m)  

BATHROOM

Agent Details

Phillips & Still, Brighton

01273 063363

Next Steps?

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