2 Bed Flat, Single Let, Brighton, BN2 9UU, £250,000

Finsbury Road, Hanover, Brighton, BN2 9UU - 4 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£137.5K - £640K
Sold Prices/m²£3.7K/m² - £9.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£305,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£1,200 - £5,648

Rent Estimate

£1,306

Running Costs/mo

£1,062

Cashflow/mo

£244

Cashflow/yr

£2,923

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £137.5K to £640K, average is £320K. £3.7K/m² to £9.4K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£315K06/210.01 mi2a, Finsbury Road, Brighton, Brighton And Hove BN2 9UU2
£325K06/210.12 mi146a, Queens Park Road, Brighton, Brighton And Hove BN2 0GG2
£360K11/210.13 mi214, Queens Park Road, Brighton, Brighton And Hove BN2 9ZB2
£321K01/240.14 mi103, Southover Street, Brighton, Brighton And Hove BN2 9UD2
£350K12/200.16 miJasmine Cottage, 21b, West Drive, Brighton, Brighton And Hove BN2 0QU2
£335K12/200.18 mi70a, Richmond Street, Brighton, Brighton And Hove BN2 9PE2
£320K11/200.19 mi110a, Albion Hill, Brighton, East Sussex BN2 9PA2
£248.5K12/210.23 mi80b, Hanover Street, Brighton, Brighton And Hove BN2 9SS2
£299.9K02/230.24 miGround Floor Flat, 22, Down Terrace, Brighton, Brighton And Hove BN2 9ZH2
£415K01/210.25 mi3, Arnold Street, Brighton, Brighton And Hove BN2 9XS2
£355K12/200.25 mi29, Elm Grove, Brighton, Brighton And Hove BN2 3ET2
£331K11/210.29 miGround Floor Flat, 15, Richmond Terrace, Brighton, Brighton And Hove BN2 9SA2
£235K04/210.32 mi29a, Franklin Road, Brighton, East Sussex BN2 3AE2
£250K09/230.35 mi31, Bonchurch Road, Brighton, Brighton And Hove BN2 3PJ2
£343.5K08/230.36 miGround Floor Flat, 9, Evelyn Terrace, Brighton, Brighton And Hove BN2 0EP2
£249.5K02/230.42 mi169b, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FB2
£316K06/210.44 mi132a, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FD2
£325K07/230.44 mi4, Totland Road, Brighton, Brighton And Hove BN2 3EN2
£350K03/230.44 miGround Floor Flat, 24, Totland Road, Brighton, Brighton And Hove BN2 3EN2
£277.5K02/210.45 mi41a, Sandown Road, Brighton, Brighton And Hove BN2 3EH2
£137.5K03/230.48 miFirst Floor Flat, 15, Wakefield Road, Brighton, Brighton And Hove BN2 3FP2
£312K09/210.48 miGround Floor Flat, 23, Ryde Road, Brighton, Brighton And Hove BN2 3EG2
£255K06/210.49 mi27b, Upper Lewes Road, Brighton, East Sussex BN2 3FH2
£332K02/230.52 mi4a, Bembridge Street, Brighton, Brighton And Hove BN2 3LN2
£290K03/210.52 miFirst Floor Flat, 28, Whippingham Street, Brighton, Brighton And Hove BN2 3LL2
£640K04/210.52 miFlat 35, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£460K06/210.52 miFlat 27, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£450K10/230.52 miFlat 56, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£415K11/210.52 miFlat 24, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£475K04/230.52 miFlat 75, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£315K12/200.55 miGround Floor Flat, 36, Whippingham Street, Brighton, Brighton And Hove BN2 3LL2
£317.8K11/200.56 mi24a, Shanklin Road, Brighton, Brighton And Hove BN2 3LQ2
£270K11/210.57 miFirst Floor Flat, 87, Shanklin Road, Brighton, Brighton And Hove BN2 3LP2
£315K04/210.57 mi101, Shanklin Road, Brighton, Brighton And Hove BN2 3LP2
£412.5K03/210.59 miUpper Maisonette, 57, Shaftesbury Road, Brighton, Brighton And Hove BN1 4NF2
£249K11/230.6 miGround Floor Flat, 23, College Road, Brighton, Brighton And Hove BN2 1JB2
£280K12/200.62 miTop Floor Flat, 6, College Road, Brighton, East Sussex BN2 1JA2
£278K10/210.64 mi29, May Road, Brighton, Brighton And Hove BN2 3ED2
£450K10/230.65 mi55, Frederick Street, Brighton, Brighton And Hove BN1 4TA2
£360K01/210.67 miFirst And Second Floor Flat, 12a, Crescent Place, Brighton, Brighton And Hove BN2 1AS2
£205K04/210.7 miFlat 24, Jasmine, Donald Hall Road, Brighton, Brighton And Hove BN2 5DE2
£595K07/210.71 mi28, Stroudley Road, Brighton, Brighton And Hove BN1 4BH2
£325K11/210.71 mi81, Bear Road, Brighton, Brighton And Hove BN2 4DB2
£301.5K11/230.71 mi105, Bear Road, Brighton, Brighton And Hove BN2 4DB2
£284K11/200.71 mi145, Bear Road, Brighton, Brighton And Hove BN2 4DB2
£323.5K07/210.73 miUpper Maisonette, 19, Buckingham Street, Brighton, Brighton And Hove BN1 3LT2
£320K03/210.73 miLower Ground Floor Flat, 26, Marine Square, Brighton, Brighton And Hove BN2 1DN2
£240K09/230.73 miGround Floor Flat, 26, Marine Square, Brighton, Brighton And Hove BN2 1DN2
£345K11/200.75 miLower Ground Floor Flat, 61, Buckingham Road, Brighton, Brighton And Hove BN1 3RQ2
£315K12/210.75 miBasement Flat, 16, Paston Place, Brighton, Brighton And Hove BN2 1HA2

Local Rents

50 rents from £1.2K/mo to £5.6K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.05 mi-2
£1,50012/240.09 miQueens Park Road, Brighton, East Sussex, BN22
£1,69512/240.11 miIslingword Place2
£1,38712/240.14 miSouthover Street, Brighton2
£1,60012/240.18 mi-2
£1,20002/250.2 mi-2
£1,20002/250.2 mi-2
£1,40012/240.21 mi-2
£1,50003/250.21 mi-2
£1,45012/240.24 miEast Drive, Flat 2, Brighton, BN22
£1,50003/250.24 mi-2
£1,65012/240.24 miElm Grove, Brighton, East Sussex, BN22
£1,39503/250.24 mi-2
£1,47512/240.25 miSouthover Street, Brighton, BN22
£1,40012/240.25 miElm Grove, Brighton, BN2 3ET2
£1,50012/240.25 miQueens Park Road, Brighton2
£1,37512/240.27 miWellington Road, Brighton2
£1,30012/240.29 miWELLINGTON ROAD, Sussex, BN22
£1,20012/240.3 miWellington Road, BN22
£1,35012/240.3 miWellington Road, Brighton2
£1,40012/240.3 miLewes Road - P13972
£1,40012/240.33 miFranklin Road, Brighton2
£1,80012/240.33 miFreshfield Road, Brighton, BN22
£5,64802/240.34 mi-2
£3,00002/250.34 mi-2
£1,85012/240.34 miRichmond Place, Brighton2
£1,85012/240.34 miRichmond Place, Brighton2
£1,75012/240.34 miRichmond place, Brighton2
£1,80012/240.34 miRichmond place, Brighton2
£5,64812/240.34 mi14 Richmond Place, Brighton BN2 9NA2
£2,25012/240.35 mi-2
£2,25002/250.35 mi-2
£1,55012/240.35 miElm Grove, Brighton2
£1,80001/250.35 mi-2
£1,80001/250.35 mi-2
£2,00001/250.35 mi-2
£1,60012/240.36 miSt. Johns Place, Brighton2
£1,50012/240.36 miPark Crescent Place, Brighton, BN22
£1,70012/240.38 miDevonian Court, Brighton, BN22
£1,27512/240.38 miGrand Parade, BN22
£1,35012/240.39 miBrading Road, Brighton, East Sussex2
£1,45012/240.39 mi-2
£1,60003/250.4 mi-2
£2,30003/250.4 mi-2
£2,50002/250.4 mi-2
£2,30003/250.4 mi-2
£1,40012/240.4 miBernard Road, Brighton2
£2,00012/240.41 miCircus Street, BN22
£1,59512/240.41 miSt. Georges Place, BN12
£1,40012/240.41 miSt Paul's Street, Brighton, BN22

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

0.64 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

September 17, 2024

Floor Plans

Description

  • Two Bedroom Apartment +
  • Popular Hanover Area of Central Brighton +
  • Use Of A Communal Garden +
  • Own Street Entrance +
  • Open Plan Living Area +
  • Parking Zone V +
  • Internal Floor Area 65m²/699ft² +
  • No Onward Chain +
  • Modern Kitchen +
  • Superb Location +

Enjoy the vibrant city of Brighton with this charming two-bedroom apartment located on Finsbury Road in the popular Hanover area. With its own street entrance, this property offers a sense of privacy and tranquility while still being close to all the amenities and attractions that Brighton has to offer.

Step inside this beautifully presented apartment and be greeted by a spacious open-plan living area, providing an inviting space for relaxation and entertainment. The modern kitchen area seamlessly integrates with the living space, making it ideal for both intimate dinners and entertaining guests.

The apartment boasts two well-proportioned bedrooms, providing comfortable sleeping quarters for residents and guests alike. The stylish bathroom offers a white suite and fully tiled walls. The apartment's internal floor area extends to approximately 65m²/699ft², ensuring ample space for everyday living.

One of the standout features of this property is the access it provides to a communal garden. This tranquil space offers a serene escape from the hustle and bustle of city life and presents an opportunity to enjoy some outdoor moments with family and friends. Whether it’s enjoying a picnic on a sunny day or simply unwinding with a good book, the communal garden is an excellent addition to this apartment.

In addition to its desirable features, this apartment is situated in Parking Zone V, which offers convenience for resident parking. Furthermore, the location of this property is perfect for those who appreciate the vibrant lifestyle that Brighton offers. The Hanover area is renowned for its bohemian charm, with an eclectic mix of independent shops, cafes, and eateries to explore. The city centre with its renowned cultural attractions, shopping destinations, and entertainment venues is only a short distance away.

This property presents an ideal opportunity for first-time buyers, young professionals, or even investors looking for a rental opportunity. Its prime location, appealing features, and access to a communal garden make it a true gem in the heart of Brighton.

Agent Details

Oakley Property, Brighton

01273 688881

Next Steps?

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