2 Bed Flat, Single Let, Brighton, BN1 4GS, £350,000

Sharpthorne Court, Fleet Street, Brighton, BN1 4GS - 1 views - 5 months ago

Leasehold
BTL
ROI: 3%
~72 m²
+5 photos

ValuationUndervalued

Sold Prices£137.5K - £1.3M
Sold Prices/m²£3.6K/m² - £9.4K/m²

 

 

Square Metres

~71.78 m²
Price/m²£4.9K/m²

Value Estimate

£411,732
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,600 - £3,500

Rent Estimate

£1,731

Running Costs/mo

£1,460

Cashflow/mo

£271

Cashflow/yr

£3,253

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £137.5K to £1.3M, average is £347.5K. £3.6K/m² to £9.4K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£595K07/210.17 mi28, Stroudley Road, Brighton, Brighton And Hove BN1 4BH2
£345K11/200.22 miLower Ground Floor Flat, 61, Buckingham Road, Brighton, Brighton And Hove BN1 3RQ2
£450K01/230.26 mi40, Campbell Road, Brighton, Brighton And Hove BN1 4QD2
£412.5K03/210.27 miUpper Maisonette, 57, Shaftesbury Road, Brighton, Brighton And Hove BN1 4NF2
£331K11/210.27 miGround Floor Flat, 15, Richmond Terrace, Brighton, Brighton And Hove BN2 9SA2
£323.5K07/210.27 miUpper Maisonette, 19, Buckingham Street, Brighton, Brighton And Hove BN1 3LT2
£360K03/210.29 mi68a, Buckingham Road, Brighton, Brighton And Hove BN1 3RJ2
£640K04/210.3 miFlat 35, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£460K06/210.3 miFlat 27, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£450K10/230.3 miFlat 56, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£415K11/210.3 miFlat 24, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£475K04/230.3 miFlat 75, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£450K10/230.31 mi55, Frederick Street, Brighton, Brighton And Hove BN1 4TA2
£249.5K02/230.33 mi169b, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FB2
£248.5K12/210.37 mi80b, Hanover Street, Brighton, Brighton And Hove BN2 9SS2
£375K06/210.39 miGround Floor Flat, 5, Leopold Road, Brighton, Brighton And Hove BN1 3RD2
£384K03/210.39 miFirst Floor Flat, 5, Leopold Road, Brighton, Brighton And Hove BN1 3RD2
£220K05/230.39 miGround Floor Flat, 4, Springfield Road, Brighton, Brighton And Hove BN1 6DA2
£411K09/210.4 miFirst And Second Floor Maisonette, 22, Prestonville Road, Brighton, Brighton And Hove BN1 3TL2
£380K02/210.4 miFlat 3, Cawthorne House, Dyke Road, Brighton, Brighton And Hove BN1 3GZ2
£295K07/230.4 miFlat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£290K07/230.4 miFlat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£321K01/240.42 mi103, Southover Street, Brighton, Brighton And Hove BN2 9UD2
£137.5K03/230.44 miFirst Floor Flat, 15, Wakefield Road, Brighton, Brighton And Hove BN2 3FP2
£316K06/210.44 mi132a, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FD2
£340K03/230.45 miFlat 20, St Nicholas Lodge, Church Street, Brighton, Brighton And Hove BN1 3LJ2
£585K09/230.47 miApartment 27, Preston Mansions, Preston Park Avenue, Brighton, Brighton And Hove BN1 6HP2
£320K11/200.47 mi110a, Albion Hill, Brighton, East Sussex BN2 9PA2
£365K01/210.49 miSecond Floor Flat, 2, Vernon Terrace, Brighton, Brighton And Hove BN1 3JG2
£255K06/210.54 mi27b, Upper Lewes Road, Brighton, East Sussex BN2 3FH2
£315K06/210.55 mi2a, Finsbury Road, Brighton, Brighton And Hove BN2 9UU2
£355K12/200.55 mi29, Elm Grove, Brighton, Brighton And Hove BN2 3ET2
£335K12/200.57 mi70a, Richmond Street, Brighton, Brighton And Hove BN2 9PE2
£1.3M01/210.59 mi39, Stanford Avenue, Brighton, Brighton And Hove BN1 6GA2
£331K10/230.61 miTop Flat, 28, Grantham Road, Brighton, Brighton And Hove BN1 6EE2
£390K02/210.61 mi29b, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HA2
£325K06/210.61 mi146a, Queens Park Road, Brighton, Brighton And Hove BN2 0GG2
£450K01/230.63 mi5, Montpelier Terrace, Brighton, Brighton And Hove BN1 3DF2
£350K12/200.65 miJasmine Cottage, 21b, West Drive, Brighton, Brighton And Hove BN2 0QU2
£422.5K05/210.65 miGround Floor Flat, 1, Park View Terrace, Brighton, Brighton And Hove BN1 5PW2
£270K10/210.65 mi45, Havelock Road, Brighton, Brighton And Hove BN1 6GL2
£235K04/210.65 mi29a, Franklin Road, Brighton, East Sussex BN2 3AE2
£360K11/210.69 mi214, Queens Park Road, Brighton, Brighton And Hove BN2 9ZB2
£250K09/230.71 mi31, Bonchurch Road, Brighton, Brighton And Hove BN2 3PJ2
£1.1M06/210.72 mi58, Davigdor Road, Hove, Brighton And Hove BN3 1RB2
£415K01/210.73 mi3, Arnold Street, Brighton, Brighton And Hove BN2 9XS2
£308.5K11/210.74 miFlat 69, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£300K11/200.74 miFlat 46, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£332K02/230.78 mi4a, Bembridge Street, Brighton, Brighton And Hove BN2 3LN2
£270K12/200.79 mi24d, York Road, Hove, Brighton And Hove BN3 1DL2

Local Rents

52 rents from £1.6K/mo to £3.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,25012/240.01 miSheffield Court - P14802
£1,85012/240.01 miHorsted Court, Fleet Street, Brighton, East Sussex, BN12
£1,77012/240.02 miStepney Court - P12902
£2,00012/240.03 miSharpthorne court - P13852
£2,10012/240.03 miSharpthorne Court - P12752
£2,15012/240.03 miEmbankment House, Fleet Street, Brighton2
£2,25012/240.03 miEmbankment House - P17502
£2,30012/240.03 miEmbankment House - P17142
£2,50012/240.03 miFleet Street, Brighton, BN12
£1,85002/240.03 mi-2
£2,30003/250.03 mi-2
£1,75012/240.03 miEmbankment House - P2043S42
£2,25012/240.03 miEmbankment House - P2043S152
£2,25012/240.03 miEmbankment House - P17472
£2,03512/240.03 miStepney Court - P12222
£2,20012/240.03 miStepney Court, City Point -P14522
£1,90012/240.03 mi-2
£2,00012/240.04 miStepney Court - P20052
£2,25012/240.04 miTemple House - P16692
£2,25012/240.04 miTemple House - P16692
£3,50002/240.04 mi-2
£3,50002/240.04 mi-2
£1,60001/250.04 mi-2
£1,80002/250.04 mi-2
£2,25012/240.04 miBrighton Belle - P16912
£2,80012/240.04 miStroudley Road, Brighton, BN12
£2,25012/240.04 miHorsted Court - P16602
£2,20012/240.04 miHorsted Court - P12542
£2,15012/240.04 miFleet Street, BN1 4HD2
£2,50012/240.04 miFleet Street, Brighton, BN12
£1,95012/240.04 miFleet Street, BRIGHTON2
£1,70012/240.04 miEmbankment House, Brighton2
£2,25012/240.05 miBrighton Belle - P16732
£2,25012/240.05 miBrighton Belle - P16702
£2,00012/240.05 miBrighton Belle, 2 Stroudley Road, Brighton, East Sussex, BN12
£1,90012/240.06 mi-2
£1,65001/250.06 mi-2
£1,80012/240.06 miStroudley Road, BRIGHTON2
£2,10002/240.07 mi-2
£2,10002/240.07 mi-2
£2,25012/240.07 miHorsted Court, City Point, Brighton2
£2,20012/240.08 miSharpthorne Court - P16652
£2,35012/240.08 miSharpthorne Court - P12832
£2,10012/240.08 miBlackmore Court - P13892
£2,40012/240.08 miProvidence Place, Brighton, East Sussex, BN12
£1,85012/240.08 miProvidence place, Brighton2
£1,75012/240.09 mi-2
£2,85003/250.09 mi-2
£1,80012/240.09 miCheapside, Brighton2
£2,40012/240.09 miProvidence Place, Brighton2
£1,75012/240.09 miPullman Haul, Brighton2
£1,95012/240.1 mi-2

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

1.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £350,000

January 4, 2025

Listed for £370,000

October 14, 2024

Floor Plans

Description

  • TOP FLOOR APARTMENT +
  • BALCONY +
  • SPACIOUS OPEN PLAN LIVING ROOM +
  • FITTED KITCHEN +
  • 2 BATHROOMS +
  • POPULAR CENTRAL LOCATION +
  • CLOSE TO TRAVEL LINKS +
  • WELL PRESENTED +
  • STYLISH DEVELOPMENT +
  • NO ONWARD CHAIN +

LOCATION Sharpthorne Court is a well-maintained development with a secure entry system. The property is ideally located within walking distance of local amenities and transport links, making it perfect for professionals or those looking for a convenient and comfortable lifestyle. Situated within walking distance from the famous Brighton lanes with its variety of shops. London road is also on your doorstep with Sainsburys and Lidl supermarket and access to the open market with other high street shops and cafes.
 

PROPERTY DESCRIPTION Property comprises of.

Communal entrance with secure entry and steps or lift leading up to the front door on top floor:

Entrance Hallway - L-shaped giving access to all rooms and storage cupboard.

Open Plan living room and Kitchen - 25'11 x 14'9. Modern fitted kitchen with integrated appliances, rolled edged worksurfaces and range of cupboards. 2 electric wall radiators. Spacious living room with double glazed doors out to Balcony.

Bedroom 1 - 13'7 x 10'5 Good sized bedroom with electric wall mounted heater and double glazed windows.

Ensuite - 6'1 x 4'8 - Beautifully presented with a modern shower cubicle, tray with plumbed in shower and fully tiled. built in wash hand basin with cupboard under, tiled splashbacks, mirror above and shelving. enclosed low level WC. Chrome towel rail.

Bedroom 2 - 15'1 x 8'1 Good sized bedroom with electric wall mounted heater and double glazed windows

Bathroom - 7'0 x 5'5 Panelled bath with plumbed in shower with screen, built in wash basin with cupboard under and low level WC, mirror with shaver socket, chrome towel rail. Tiled splashbacks.

Outside

Balcony - 9'6 x 4'0

Sellers notes:

The property is undergoing work by the developer which is expected to start in 2025 due to cladding, please ask the agent for more details and if purchasing with a mortgage its advisable to check with your lender before proceeding with any sale.

2024 accounts show
Ground rent £275 for the year.
Service charge £3378.74 for the year. Per 6 months is £1689.37 for the year 2024.

Lease 125 years from 2006 so 107 remaining.

Council Tax band D.
Resident permit parking on street only. Potential buyers need to contact Brighton Council regarding availability and costs.

Agent Details

Martin & Co, Brighton

01273 092553

Next Steps?

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