ValuationUndervalued

Sold Prices	£347K - £2.7M
Sold Prices/m²	£3K/m² - £15.5K/m²

Square Metres	~102 m²
Price/m²	£4.9K/m²
Value Estimate	£618,689£618,689
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£41,200£41,200
Total Cash In	£166,200£166,200

Cash Out
Room Rate	£607£607
Gross Rent	£3,642
Running Costs/mo	£3,050£3,050
Cashflow/mo	£592£592
Cashflow/yr	£7,104£7,104
ROI	4%4%
Gross Yield	9%9%

Local Sold Prices

23 sold prices from £347K to £2.7M, average is £1.1M. £3K/m² to £15.5K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£522K	12/21	0.29 mi	3, Colbourne Avenue, Brighton, Brighton And Hove BN2 4GE	£6,289	83	6	Semi-Detached House
£562.5K	02/23	0.67 mi	79, Hollingdean Terrace, Brighton, Brighton And Hove BN1 7HB	£7,031	80	6	Terraced House
£630K	07/21	0.7 mi	60, Hollingbury Road, Brighton, Brighton And Hove BN1 7JA	-	-	6	Terraced House
£1.7M	03/25	1.02 mi	53, Springfield Road, Brighton BN1 6DF	£5,463	308	6	Semi-Detached House
£580K	12/23	1.12 mi	83, Hanover Street, Brighton, Brighton And Hove BN2 9SS	£6,321	92	6	Terraced House
£1.2M	06/23	1.33 mi	11, Surrenden Close, Brighton, Brighton And Hove BN1 8EB	-	-	6	Semi-Detached House
£1.4M	01/25	1.44 mi	9, East Drive, Brighton BN2 0BQ	£7,713	188	6	Semi-Detached House
£1.9M	10/24	1.48 mi	19, Surrenden Crescent, Brighton BN1 6WE	£6,066	305	6	Detached House
£960K	06/21	1.51 mi	5, Upper Hamilton Road, Brighton, Brighton And Hove BN1 5DF	£4,898	196	6	Terraced House
£580K	02/23	1.6 mi	29, Blaker Street, Brighton, Brighton And Hove BN2 0JJ	£5,001	116	6	Terraced House
£2.1M	06/25	1.67 mi	27, Montpelier Crescent, Brighton BN1 3JJ	£7,023	299	6	Terraced House
£2.1M	06/25	1.67 mi	27, Montpelier Crescent, Brighton BN1 3JJ	-	-	6	Terraced House
£347K	01/23	1.71 mi	47, Findon Road, Brighton, Brighton And Hove BN2 5NY	-	-	6	Terraced House
£400K	03/25	1.78 mi	59, Wilson Avenue, Brighton, Brighton And Hove BN2 5PA	£4,124	97	6	Semi-Detached House
£550K	06/25	1.82 mi	22, Charles Street, Brighton BN2 1TG	-	-	6	Terraced House
£1.1M	06/21	1.91 mi	21, Orpen Road, Hove, Brighton And Hove BN3 6NJ	£4,064	283	6	Detached House
£1.5M	12/21	1.92 mi	15, Nizells Avenue, Hove, Brighton And Hove BN3 1PL	-	-	6	Detached House
£2.1M	11/21	2.12 mi	105, Shirley Drive, Hove, Brighton And Hove BN3 6UE	£14,583	144	6	Detached House
£875K	09/23	2.21 mi	116, The Ridgway, Brighton, Brighton And Hove BN2 6PB	£3,017	290	6	Detached House
£1.7M	10/23	2.27 mi	53, Roedean Crescent, Brighton, Brighton And Hove BN2 5RG	£5,948	290	6	Detached House
£2.7M	11/22	2.27 mi	79, Hove Park Road, Hove, Brighton And Hove BN3 6LL	£15,535	174	6	Detached House
£2.5M	12/24	2.39 mi	7, Dyke Close, Hove BN3 6DB	£6,739	371	6	Detached House
£525K	06/21	2.68 mi	33, Wanderdown Road, Ovingdean, Brighton, Brighton And Hove BN2 7BT	-	-	6	Detached House

Local Area Statistics

Population in BN2	93,12493,124
Population in Brighton	208,224208,224
Town centre distance	0.62 miles away0.62 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £500,000

October 17, 2024

Floor Plans

Description

Great Investment Opportunity +
Sold with Tenants In Situ Until August 2025 +
Producing £3,640 pcm (£43,680 per annum) +
Re-Let for Next Academic Year at £3,911 pcm (£46,932 per annum) +
Six Bedrooms +
Two Shower Rooms +
Sought-After Location for Students +
Directly Opposite Brighton University +
Frequent Buses to Town and Sussex University +
NO ONWARD CHAIN +

* INVESTMENT OPPORTUNITY * A substantial six bedroom semi-detached house with HMO license and tenants in situ until 11/08/2025, producing £3,640 pcm (£43,680 per annum), and re-let for the next academic year at £3,910.71 pcm (£46,928.52 per annum). Great location for students, situated directly opposite Brighton University and set back from the Lewes Road, with frequent buses into the city centre and also to the Falmer Campus. Generously sized accommodation which consists of six bedrooms, open-plan kitchen/dining/living space, two shower rooms plus separate WC and a well-maintained rear garden. No onward chain.

Approach - Lawned front garden with mature shrubs and walled boundary, footpath leading to front entrance.

Porch -

Entrance Hall - Stairs to first floor, wood laminate floor.

Open-Plan Kitchen/Lounge: - 6.53m x 4.67m (21'5" x 15'3") -

Lounge Area - Wood laminate flooring, windows to front.

Kitchen Area - Tiled floor, fitted kitchen with beech laminate units at eye and base level, worktops with tiled splashback extend to a breakfast bar. Fitted oven, gas hob with extractor hood over, stainless steel sink with mixer tap and drainer, spaces for appliances, cupboard housing combi boiler, door to rear garden.

Bedroom - 3.38m x 2.60m (11'1" x 8'6") - Window to front.

Bedroom - 3.32m x 2.61m (10'10" x 8'6") - Window to rear.

First Floor Landing -

Bedroom - 3.83m x 3.57m (12'6" x 11'8") - Window to front.

En-Suite Shower - Corner shower enclosure with aqua panel splashbacks, mains shower with hand-held shower attachment on riser, wash hand basin, low-level WC, heated towel rail.

Bedroom - 3.33m x 2.68m (10'11" x 8'9") - Window to rear.

Bedroom - 3.37m x 2.78m (11'0" x 9'1") - Window to front, built in storage

Bedroom - 3.20m x 2.46m (10'5" x 8'0") - Window to rear

Shower Room - Shower enclosure with tiled surround, electric shower with hand-held shower attachment on riser, wash hand basin with mixer tap and cupboard below.

Separate Wc - Low-level WC, wash hand basin.

Rear Garden - Paved patio with steps ascending to main garden, mostly lawned with small rockery area, pond, various mature shrubs and gated sided access.