3 Bed Terraced House, Refurb/BRRR, Brighton, BN1 6GD, £695,000

112 Chester Terrace, Brighton, East Sussex, BN1 6GD - 3 months ago

Sold STC
Refurb/BRRR
103 m²
+5 photos

ValuationOvervalued

Sold Prices£460K - £1.1M
Sold Prices/m²£3K/m² - £19.2K/m²

 

 

Square Metres

103 m²
Price/m²£6.7K/m²

Value Estimate

£556,685

 

 

End Value (After Refurb)

£664,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£173,750

Stamp Duty & Legal Fees

£44,300

Refurb Costs

£48,953

Bridging Loan Interest

£18,244

Total Cash In

£286,996

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£664,975

Mortgage (After Refinance)

£498,731

Mortgage LTV

75%

Cash Left In

£286,996

Equity

£166,244

Rent Range

£1,500 - £4,000

Rent Estimate

£2,125

Running Costs/mo

£2,523

Cashflow/mo

£-398

Cashflow/yr

£-4,777

Gross Yield

4%

Local Sold Prices

50 sold prices from £460K to £1.1M, average is £660K. £3K/m² to £19.2K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£940K03/230 mi119, Chester Terrace, Brighton, Brighton And Hove BN1 6GD3
£760K01/210 mi121, Chester Terrace, Brighton, Brighton And Hove BN1 6GD3
£980K08/230.03 mi78, Waldegrave Road, Brighton, Brighton And Hove BN1 6GG3
£841K03/210.04 mi48, Cleveland Road, Brighton, East Sussex BN1 6FG3
£880K06/210.05 mi117, Waldegrave Road, Brighton, Brighton And Hove BN1 6GJ3
£648K12/200.08 mi157, Preston Drove, Brighton, Brighton And Hove BN1 6FN3
£650K03/210.12 mi16, Lowther Road, Brighton, Brighton And Hove BN1 6LF3
£580K01/230.12 mi16, Osborne Road, Brighton, Brighton And Hove BN1 6LQ3
£970K05/230.14 mi75, Chester Terrace, Brighton, Brighton And Hove BN1 6GB3
£625K09/230.14 mi29, Chester Terrace, Brighton, Brighton And Hove BN1 6GB3
£625K11/200.14 mi44, Osborne Road, Brighton, Brighton And Hove BN1 6LQ3
£660K06/210.14 mi6, Osborne Road, Brighton, Brighton And Hove BN1 6LQ3
£620K03/210.14 mi61, Osborne Road, Brighton, East Sussex BN1 6LR3
£695K08/230.15 mi51, Hythe Road, Brighton, Brighton And Hove BN1 6JR3
£515K03/210.15 mi16, Sandgate Road, Brighton, Brighton And Hove BN1 6JQ3
£925K04/230.15 mi14, Waldegrave Road, Brighton, Brighton And Hove BN1 6GE3
£640K12/200.15 mi20, Balfour Road, Brighton, Brighton And Hove BN1 6NA3
£460K11/200.16 mi63, Sandgate Road, Brighton, Brighton And Hove BN1 6JP3
£560K01/230.17 mi88, Sandgate Road, Brighton, Brighton And Hove BN1 6JQ3
£915K09/210.17 mi19, Waldegrave Road, Brighton, Brighton And Hove BN1 6GR3
£755K01/230.17 mi32, Lowther Road, Brighton, Brighton And Hove BN1 6LG3
£660K01/210.18 mi91, Sandgate Road, Brighton, Brighton And Hove BN1 6JP3
£603.5K08/210.18 mi85, Sandgate Road, Brighton, East Sussex BN1 6JP3
£550K09/230.18 mi83, Sandgate Road, Brighton, Brighton And Hove BN1 6JP3
£715K06/230.2 mi32, Ashford Road, Brighton, Brighton And Hove BN1 6LJ3
£680K05/230.2 mi50, Ashford Road, Brighton, Brighton And Hove BN1 6LJ3
£687K10/210.2 mi72, Ashford Road, Brighton, East Sussex BN1 6LJ3
£575K12/200.2 mi68, Ashford Road, Brighton, East Sussex BN1 6LJ3
£695K09/230.2 mi76, Ashford Road, Brighton, Brighton And Hove BN1 6LJ3
£620K12/220.22 mi82, Osborne Road, Brighton, Brighton And Hove BN1 6LU3
£580K04/230.22 mi104, Balfour Road, Brighton, Brighton And Hove BN1 6ND3
£770K04/230.24 mi39, Edburton Avenue, Brighton, Brighton And Hove BN1 6EL3
£655K06/230.25 mi221, Ditchling Road, Brighton, Brighton And Hove BN1 6JD3
£750K10/210.25 mi241, Ditchling Road, Brighton, Brighton And Hove BN1 6JD3
£720K01/230.25 mi21, Bates Road, Brighton, Brighton And Hove BN1 6PF3
£595K01/210.26 mi318, Ditchling Road, Brighton, Brighton And Hove BN1 6JG3
£785K07/230.26 mi350, Ditchling Road, Brighton, Brighton And Hove BN1 6JG3
£520K12/200.26 mi65, Balfour Road, Brighton, East Sussex BN1 6NE3
£562K02/210.26 mi121, Loder Road, Brighton, Brighton And Hove BN1 6PN3
£680K08/230.29 mi337, Ditchling Road, Brighton, Brighton And Hove BN1 6JJ3
£650K12/200.29 mi18, Hollingbury Park Avenue, Brighton, Brighton And Hove BN1 7JF3
£600K11/210.29 mi119, Hollingbury Road, Brighton, East Sussex BN1 7JN3
£722.5K02/230.29 mi38, Southdown Avenue, Brighton, Brighton And Hove BN1 6EH3
£712K09/230.3 mi5, Loder Road, Brighton, Brighton And Hove BN1 6PL3
£790K07/230.3 mi12, Edburton Avenue, Brighton, Brighton And Hove BN1 6EJ3
£575K01/210.3 mi175, Osborne Road, Brighton, East Sussex BN1 6LT3
£670K03/230.31 mi5, Harrington Villas, Brighton, Brighton And Hove BN1 6RG3
£1.1M04/230.32 mi13b, Harrington Villas, Brighton, Brighton And Hove BN1 6RG3
£585K11/210.32 mi33, Stanmer Park Road, Brighton, Brighton And Hove BN1 7JL3
£565K02/230.34 mi87c, Stanmer Park Road, Brighton, Brighton And Hove BN1 7JL3

Local Rents

43 rents from £1.5K/mo to £4K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,30012/240.14 miCleveland Road, Brighton3
£2,14512/240.14 miPreston Drove, BN13
£2,50002/240.16 mi-3
£2,75001/250.18 mi-3
£1,80012/240.22 miSurrenden Road, Brighton3
£2,75012/240.3 miHollingbury Park Avenue, Brighton3
£2,00012/240.32 miStanmer Park Road, Brighton, East Sussex3
£2,75012/240.33 miFlorence Road, Brighton3
£2,00012/240.35 miStanmer Villas Brighton BN13
£2,25003/250.36 mi-3
£3,30012/240.38 miHollingdean Terrace, Brighton, East Sussex, BN13
£2,15012/240.42 miRoedale Road, Brighton, BN13
£2,25002/240.43 mi-3
£2,15012/240.43 mi-3
£1,80012/240.43 mi-3
£1,95012/240.43 miPayne Terrace, Brighton3
£1,85012/240.43 miPayne Terrace, Brighton3
£2,40012/240.43 miWhittingehame Gardens, Brighton, BN1 6PU3
£2,40012/240.43 miWhittingehame Gardens, Brighton, East Sussex, BN13
£2,45001/250.43 mi-3
£3,15003/250.43 mi-3
£4,00003/250.43 mi-3
£1,50012/240.45 miDitchling Road, Brighton3
£1,50012/240.45 miDitchling Road, Brighton3
£2,27512/240.45 miSpringfield Road, Brighton, East Sussex, BN13
£1,70012/240.48 miSpringfield Road, BN13
£2,15012/240.5 miHorton Road, Brighton, BN13
£1,95012/240.52 mi-3
£1,95001/250.52 mi-3
£1,95012/240.52 miDyke Road Drive, Brighton, BN13
£1,88512/240.52 miDitchling Road, Brighton3
£2,19112/240.53 miDitchling Rise, Brighton3
£2,40012/240.54 miDitchling Rise, Brighton3
£1,80012/240.55 miDitchling Rise - P11193
£2,19003/250.55 mi-3
£2,10012/240.56 miSouthmount, Brighton, BN13
£2,40512/240.56 miDitchling Rise, Brighton, East Sussex, BN13
£2,01512/240.56 miShaftesbury Road, Brighton, East Sussex, BN13
£2,09712/240.57 miStephens Road, Brighton3
£2,01512/240.58 miPrinces Road, Brighton, BN23
£1,98912/240.6 miCliveden Close, Brighton3
£1,75512/240.61 miClyde Road, Brighton3
£2,01512/240.62 miHollingdean Road, Brighton, East Sussex, BN23

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

1.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £695,000

December 2, 2024

Sold for £109,000

1996

Floor Plans

Description

    • ASKING PRICE £695,000 * +
  • 3 Bedroom Victorian Terraced House In Need Of Updating & Re-Decoration +
  • In The 'Golden Triangle' Forming Part of The Preston Park Conservation Area +
  • 24' Thru' Lounge/Dining Room, 21' Kitchen/Breakfast Room +
  • 3 Bedrooms, Spacious Bathroom +
  • Potential To Convert The Loft To Create A 4th Bedroom (STNC) +
  • Front Garden & Walled Rear Paved Courtyard Style Garden +
      • NO ONWARD CHAIN * * +

* * ASKING PRICE £695,000 * *

Situated in the highly favoured 'Golden Triangle' forming part of the Preston Park Conservation Area is this 3 bedroom bay fronted Victorian terraced house currently in need of updating and re-decoration and offers a potential purchaser the opportunity to create their own dream home.

The accommodation comprises on the ground floor: entrance hall, 24' thru' lounge/dining room, and spacious 21' kitchen/breakfast room.

On the first floor there are 3 bedrooms and a spacious bathroom, additionally the loft space could also be converted to provide an additional 4th bedroom (STNC).

Outside there is a small formal front garden, and a walled paved courtyard style garden with flower and shrub borders.

* * NO ONWARD CHAIN * *

Location
The property is situated in the sought after 'Golden Triangle' forming part of the Preston Park Conservation Area and within a few minutes walk of Blakers Park and Preston Park with their recreational facilities. Local shopping facilities are available close to hand and the vibrant Fiveways with its range of local independent shops, cafes and bars is within easy reach. Numerous local schools catering for all ages are nearby including Balfour, Downs, Dorothy Stringer and Varndean. Preston Park, London Road and Brighton mainline stations are easily accessible providing a commuter service to Gatwick and London. There is easy access out of the city onto the main London Road/A23 and the A27, local bus services are also close to hand in Beaconsfield Villas providing easy access to Brighton city centre and seafront.

Accommodation
All measurements are approximate.

Ground Floor
Entrance Hall
Approached via a part glazed front door with decorative leaded light glass panel. Radiator. Understairs cupboards. Oak flooring. Staircase leading to the first floor.

Thru' Lounge/Dining Room
7.55 into bay x 3.87 (24'9" into bay x 12'8")
A spacious thru' lounge/dining room enjoying a bright east/west aspect.

Lounge Section
Marble fireplace surround with marble hearth and open flue. Coved ceiling and centre rose. Radiator. Large bay window to front.

Dining Section
Coved ceiling and centre rose. Radiator. Glazed doors leading to the rear garden.

Kitchen/Breakfast Room
6.45 x 3.05 (21'1" x 10'0")
Fitted with a range of units comprising single drainer sink unit with mixer taps inset in working surfaces with cupboards and drawers below. Space and plumbing for washing machine and dishwasher. Integrated fridge and freezer. Further range of cupboards and drawer units. Fitted 4 ring gas hob and fitted electric oven. Tiled spashbacks and fitted wall cupboards and shelving. Tiled floor. Gas central heating boiler. Double glazed window to side. Glazed doors leading to the rear garden.

First Floor
Landing
Dado rail. Hatch to loft space offering the opportunity to create an additional 4th bedroom if required (STNC).

Bedroom 1
4.28 x 4.08 into bay (14'0" x 13'4" into bay )
Built in floor to ceiling wardrobe cupboards providing hanging and storage space. Radiator. Bay window to front with additional window to front.

Bedroom 2
3.36 x 2.75 (11'0" x 9'0")
x2 Built in wardrobe cupboards providing hanging and storage space. Radiator. Window to rear.

Bedroom 3
2.45 x 2.36 (8'0" x 7'8")
Built in floor to ceiling wardrobe cupboards providing hanging and storage space. Radiator. Window to rear overlooking the rear garden.

Bathroom
A spacious bathroom with panelled bath with fitted shower over. Fitted glass shower screen. Twin wash hand basins with cupboards below. Low level wc. Tiled floor. Heated towel rail. Recessed downlighters. Double glazed window to side.

Outside
Front Garden
Small formal front garden.

Rear Garden
Walled rear garden arranged as a paved courtyard style garden with flower and shrub borders. Wooden garden shed. Outside tap.

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: We understand from our client that the property is 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?

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