3 Bed Semi-Detached House, Refurb/BRRR, Brighton, BN2 8JJ, £350,000

2 Pickers Hill Farm Cottages, Saltdean Vale, Saltdean, BN2 8JJ - 5 months ago

Refurb/BRRR
~99 m²
+22 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£47,063

Bridging Loan Interest

£9,188

Total Cash In

£169,201

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£474,948

Agent Fees (1%)

£4,749

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£38,498













Local Rents

10 rents from £1.5K/mo to £2.6K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,85012/240.26 miHeathfield Avenue, Saltdean3
£2,60009/240.32 mi-3
£1,90012/240.49 miLustrells Vale, Saltdean, Brighton3
£1,60012/240.55 miTremola Avenue, Saltdean, BRIGHTON3
£1,65003/240.64 mi-3
£1,65012/240.94 miBannings Vale, Saltdean, BN23
£1,70002/250.99 mi-3
£1,79502/251 mi-3
£1,50012/241.17 miSpringfield Avenue Telscombe Cliffs BN103
£2,10003/241.2 miTelscombe, Lewes, East Sussex, BN73

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

3.67 miles away

Nearest school

0.40 miles away

Nearest train station

3.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £350,000

October 15, 2024

Floor Plans

Description

  • Vacant semi detached house +
  • Requiring modernisation & Improvement +
  • Wonderful semi rural location overlooking farmland +
  • Large garden neighbouring fields +
  • Direct access to The South Downs National Park +
  • Potential to extend subject to consent +
  • Three first floor bedrooms & shower room/WC +
  • Living room, spacious kitchen & cloakroom +
  • Utility & store room, huge potential +
  • Exclusive to Spencer & Leigh +

Tucked away in a semi rural location overlooking fields with direct access to The South Downs National Park is this semi detached family home offering huge potential with a large wild garden. The property has plenty of room for parking with space for several vehicles. The property does require modernisation and improvement with potential viewers being advised to budget for this. The property may not be suitable for buyers looking to purchase with the aid of a mortgage due to the amount of work required, although we are sure this will make someone a stunning home in a fantastic location. There is lots of space to extend subject to the necessary consent from the local authority. Exclusive to Spencer & Leigh.

Entrance -

Entrance Hallway -

Living Room - 4.62m x 3.43m (15'2 x 11'3) -

Kitchen - 4.60m x 3.00m (15'1 x 9'10) -

Utility Room -

G/F Cloakroom -

Stairs Rising To First Floor -

Bedroom - 4.75m x 2.97m (15'7 x 9'9) -

Bedroom - 4.67m x 3.35m (15'4 x 11') -

Bedroom - 3.43m x 2.64m (11'3 x 8'8) -

Shower Room/Wc -

Outside -

Rear Garden -

Property Information - Council Tax Band C: £2,078.28 2024/2025
Utilities: Mains Electric. Mains water and sewerage
Parking: Off street parking
Broadband: Standard 7Mbps and Superfast 47Mpbs available (OFCOM checker)
Mobile: Fair/Good coverage (OFCOM checker)

Agent Details

Spencer & Leigh, Brighton

01273 021369

Next Steps?

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

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