6 Bed Semi-Detached House, Refurb/BRRR, Brighton, BN1 6SG, £1,100,000

Clermont Road - BN1 6SG - 2 views - 6 months ago

Sold STC
Refurb/BRRR
~186 m²
+22 photos

ValuationOvervalued

Sold Prices£522K - £2.8M
Sold Prices/m²£3.5K/m² - £15.5K/m²

 

 

Square Metres

~186 m²
Price/m²£5.9K/m²

Value Estimate

£920,590

 

 

End Value (After Refurb)

£1,134,790

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£275,000

Stamp Duty & Legal Fees

£85,450

Refurb Costs

£88,400

Bridging Loan Interest

£28,875

Total Cash In

£479,475

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,134,790

Mortgage (After Refinance)

£851,093

Mortgage LTV

75%

Cash Released

£26,093

Cash Left In

£453,382

Equity

£283,698

Rent Range

£1,350 - £4,450

Rent Estimate

£2,632

Running Costs/mo

£4,093

Cashflow/mo

£-1,461

Cashflow/yr

£-17,527

Gross Yield

3%

Local Sold Prices

21 sold prices from £522K to £2.8M, average is £1.2M. £3.5K/m² to £15.5K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£2.1M11/210.5 mi105, Shirley Drive, Hove, Brighton And Hove BN3 6UE6
£1.1M06/210.54 mi21, Orpen Road, Hove, Brighton And Hove BN3 6NJ6
£1.5M02/210.63 mi47, Dyke Road Avenue, Hove, Brighton And Hove BN3 6QD6
£1.5M01/210.7 mi21, Shirley Drive, Hove, Brighton And Hove BN3 6NQ6
£1.2M06/230.73 mi11, Surrenden Close, Brighton, Brighton And Hove BN1 8EB6
£2.7M11/220.74 mi79, Hove Park Road, Hove, Brighton And Hove BN3 6LL6
£1.2M01/210.77 mi87, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JE6
£960K06/210.82 mi5, Upper Hamilton Road, Brighton, Brighton And Hove BN1 5DF6
£2.4M10/200.87 mi32, Hill Brow, Hove, Brighton And Hove BN3 6QH6
£805K03/210.92 mi58, Lyndhurst Road, Hove, Brighton And Hove BN3 6FB6
£630K07/211 mi60, Hollingbury Road, Brighton, Brighton And Hove BN1 7JA6
£562.5K02/231.01 mi79, Hollingdean Terrace, Brighton, Brighton And Hove BN1 7HB6
£1.5M12/211.08 mi15, Nizells Avenue, Hove, Brighton And Hove BN3 1PL6
£1.5M09/211.46 mi3, Pembroke Crescent, Hove, East Sussex BN3 5DH6
£580K12/231.5 mi83, Hanover Street, Brighton, Brighton And Hove BN2 9SS6
£1.7M02/211.59 mi31, Medina Villas, Hove, Brighton And Hove BN3 2RN6
£945K06/211.67 mi27, Modena Road, Hove, Brighton And Hove BN3 5QF6
£522K12/211.82 mi3, Colbourne Avenue, Brighton, Brighton And Hove BN2 4GE6
£1.4M09/211.85 mi16, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ6
£2.8M07/231.86 mi6, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ6
£580K02/231.88 mi29, Blaker Street, Brighton, Brighton And Hove BN2 0JJ6

Local Rents

40 rents from £1.4K/mo to £4.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,50012/240.03 miClermont Road, Brighton, BN13
£2,20012/240.06 miPreston Park, Brighton, BN1 6TU3
£2,00012/240.09 mi-3
£1,90001/250.09 mi-3
£1,98912/240.17 miCliveden Close, Brighton3
£1,35012/240.2 miLondon Road, Brighton3
£3,38012/240.21 miKingsley Road, Brighton, BN16
£2,10012/240.22 miRobertson Road, Brighton3
£2,52212/240.22 miRobertson Road, Brighton4
£2,85012/240.23 miRobertson Road, Brighton, East Sussex, BN14
£2,00012/240.25 miMaldon Road, Brighton3
£2,25012/240.29 miHampstead Road, Brighton, BN1 5NG4
£3,89503/240.3 miDyke Road, Hove4
£4,00012/240.31 miThe Drove, Brighton, East Sussex, BN13
£2,09909/240.31 mi-3
£2,60012/230.34 mi-5
£3,90012/240.37 miCompton Road, Brighton6
£3,90012/240.37 miCompton Road, Brighton, BN1 5AN6
£1,95012/240.38 miCompton Road Brighton BN13
£2,30003/240.39 mi-3
£1,95012/240.4 miWithdean Rise, Brighton, BN1 6YN4
£2,20012/240.4 miReigate Road, Brighton3
£2,40012/240.4 miWhittingehame Gardens, Brighton, BN1 6PU3
£2,40012/240.4 miWhittingehame Gardens, Brighton, East Sussex, BN13
£1,80012/240.41 miSurrenden Road, Brighton3
£3,00012/240.42 miDyke Road, Brighton, East Sussex5
£3,50004/240.43 miChalfont Drive, Hove, BN3 6QR4
£2,20012/240.43 miReigate Road, Brighton3
£2,73912/240.45 miLoder Road, Brighton, BN14
£2,75001/250.46 mi-3
£2,73912/240.46 miLoder Road, Brighton4
£3,40002/250.47 mi-3
£2,14512/240.5 miPreston Drove, BN13
£2,50012/240.5 miThe Park Mews, London Road, Preston, Brighton, BN13
£2,50012/240.5 miThe Park Mews, London Road, Preston, Brighton, BN13
£2,50002/240.52 mi-3
£4,45003/240.55 miShirley Drive Hove BN34
£1,52503/240.59 miThe Upper Drive, Hove3
£3,00003/240.6 miHove Park Road, Hove, BN3 6LH4
£3,50012/240.6 miWayland Avenue, Brighton4

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

2.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £1,100,000

September 27, 2024

Floor Plans

Description

      • ASKING PRICE £1,100,000 * * +
  • Imposing 4 Storey Semi-Detached Victorian Villa Built Circa 1860 +
  • In Need of Modernisation Providing The Opportunity to Design & Create Your Own Dream Home +
  • Generous Accommodation With 2,594sqft (241sqm) of Versatile Living Space +
  • Favoured Residential Area within 100m of Preston Park Mainline Train Station +
  • Large Mature 140' Walled Rear Garden +
  • Private Driveway Leading to a Double Length Garage +
      • VIEWING HIGHLY RECOMMENDED * * NO ONWARD CHAIN * * +

* * ASKING PRICE £1,100,000 * *

A rare opportunity to acquire this imposing 4 storey semi-detached Victorian Villa built circa 1860 and situated within 100m of Preston Park mainline train station.

This spacious family home is within easy walking distance of popular primary and secondary schools and sixth form colleges of Brighton.

The house enjoys the benefit of a large 140' walled rear garden, private driveway and double length garage.

The property is in need of updating and modernisation throughout and provides a prospective buyer with an opportunity to potentially re-model, design and create their own dream home.

The generous accommodation with 2,594sqft (241sqm) of versatile living space is arranged over 4 floors, currently the main home is on the upper 3 floors, with a 1 bedroom flat below on the lower ground floor.

The property could be transformed and restored back one into a fabulous substantial family home, alternatively the self-contained flat could be retained as a source of rental income or provide a large office/work from home space.

Location
Situated in this highly favoured residential area forming part of the Preston Park Conservation Area, close to local shopping facilities in Preston Village including Sainsbury's and Costa, and within a 100m of Preston Park mainline train station providing a direct commuter service to Gatwick and London. Numerous local schools are close to hand catering for all ages including the popular Balfour, Dorothy Stringer and Vandean School and Sixth Form Campus. The delightful 65 acre Preston Park is close to hand with its recreational facilities, and there are local bus services (5 & 5a services) are nearby in Preston Road provding easy access into Brighton city centre and seafront.

GROUND FLOOR
Entrance Hall
Original ceiling covings and mouldings. Radiator. Staircase leading to the first floor.

Living Room
5.10 x 4.37 (16'8" x 14'4")
Marble fireplace surround. Original ceiling covings and centre rose. x2 Radiators. Large sash bay window to front. Large folding doors leading to the dining room.

Dining Room
5.72 x 3.63 (18'9" x 11'10")
Period style fireplace. Original ceiling covings. x2 Radiators. Large sash bay window to rear overlooking the rear garden. Door leading to:

Inner Hallway
Radiator.

Kitchen
3.75 x 2.20 (12'3" x 7'2")
Fitted with a range of units comprising stainless steel twin bowl sink unit with cupboards below. Fitted cooker, fridge, washing machine and dishwasher. Fitted wall cupboards and shelving. Windows to side and rear. Glazed door leading to the rear garden.

FIRST FLOOR
Landing
Radiator. Staircase leading to the second floor.

Bedroom 3
5.10 x 3.64 (16'8" x 11'11")
Fireplace with wooden surround. Radiator. Large sash bay window to front enjoying a bright south facing aspect. Window to side.

Bedroom 4
4.07 x 3.64 (13'4" x 11'11")
Built in airing cupboard and wardrobe cupboard. Radiator. Large sash bay window to rear overlooking the rear garden. Door leading to:

Spacious Shower Room/WC
A spacious shower room/wc (previously a bathroom) with 'Jack & Jill' access from bedroom 4 and the landing. Large walk in shower area with fitted electric shower. Wash hand basin. Low level wc. Sash window to side.

Bedroom 5
3.24 x 1.84 (10'7" x 6'0")
Radiator. Sash window to front enjoying a bright south facing aspect.

Half Landing
Door leading to bathroom.

Bathroom
Panelled bath. Separate tiled shower enclosure. Wash hand basin. Low level wc. Radiator. Sash window to rear.

SECOND FLOOR
Landing
With door leading onto the roof terrace.

Roof Terrace
With extensive views over the rear garden and surrounding area.

Bedroom 1
5.73 x 4.25 (18'9" x 13'11")
Enjoying a bright south and west facing aspect. Radiator. Eaves storage cupboards. Large dormer window to front. Sash window to side.

Bedroom 2
3.93 x 3.77 (12'10" x 12'4")
Period fireplace. Radiator. Sash window to side. Dormer window to rear overlooking the rear garden.

LOWER GROUND FLOOR
Separate Street Entrance
Own separate street entrance with front door leading to:

Entrance Hall
Radiator. Built in storage cupboard with shelving. Door with the original staircase leading up to the ground floor.

Living Room
4.58 x 4.30 (15'0" x 14'1")
Wooden fireplace surround. Radiator. Large storage cupboard with shelving. Large sash bay window to front.

Bedroom
4.60 x 3.70 (15'1" x 12'1")
Built in storage cupboard with shelving and hanging rail. Sash window to rear. Door to:

En-Suite Shower Room
Shower cubicle. Wash hand basin. Window to side.

Kitchen
Fitted with a range of units comprising stainless steel single drainer sink unit with cupboards below. Fitted 4 ring gas hob with electric oven below. Fitted fridge/freezer, and washing machine and dishwasher understairs. Radiator. Window to side and rear. Glazed door leading to the rear garden.

Lobby
Door to:

Separate WC
Low level wc. Radiator.

OUTSIDE
Front Garden
With mature trees and shrubs.

Private Driveway
Own private driveway providing off street car parking and leading to:

Double Length Garage
9.88 x 2.54 (32'4" x 8'3")
With double doors. Electric light and power. Glazed door leading to the rear garden.

Large Rear Garden
Large walled level rear garden approximately 140' (42.5m) in length offering a good degree of privacy and providing a nature lover's paradise attracting a variety of wildlife and birds and offering a peaceful oasis of tranquility, with many varieties of mature trees and shrubs and with a large detached outbuilding at the end of the garden (a former stable block) which is currently in need of renovation.

Information
EPC INFORMATION Full Energy Performance Certificate available on request

APPLIANCES AND SERVICES: The appliances and services mentioned have not been tested therefore we are unable to verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor.

TENURE: Freehold.

THINKING OF SELLING? For a Free Current Market Appraisal please contact us on or email:

VIEWING: Strictly by appointment only through David & Co 132a Preston Drove, Brighton, East Sussex, BN1 6FJ. Tel: .

Agent Details

David & Co, Brighton

01273 109859

Next Steps?

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