3 Bed Semi-Detached House, Planning Permission, Brighton, BN2 8DR, £525,000

Ashurst Avenue, BRIGHTON, East Sussex, BN2 8DR - 2 views - 4 months ago

Planning
~93 m²
+24 photos

ValuationOvervalued

Sold Prices£275K - £800K
Sold Prices/m²£2.7K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£393,750

 

 

End Value (After Refurb)

£477,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£41,200

Refurb Costs

£44,033

Bridging Loan Interest

£13,781

Total Cash In

£232,014

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£477,500

Mortgage (After Refinance)

£358,125

Mortgage LTV

75%

Cash Left In

£232,014

Equity

£119,375

Rent Range

£1,150 - £2,600

Rent Estimate

£1,728

Running Costs/mo

£1,858

Cashflow/mo

£-130

Cashflow/yr

£-1,557

Gross Yield

4%

Local Sold Prices

51 sold prices from £275K to £800K, average is £420K. £2.7K/m² to £7K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£352.5K11/200 mi49, Ashurst Avenue, Saltdean, Brighton, East Sussex BN2 8DR3
£475K10/230 mi45, Ashurst Avenue, Saltdean, Brighton, East Sussex BN2 8DR3
£395K12/200.05 mi73, Bannings Vale, Saltdean, Brighton, East Sussex BN2 8DF3
£367.5K11/200.14 mi99, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PD3
£310K02/210.14 mi142, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PD3
£404K07/230.18 mi53, Brambletyne Avenue, Saltdean, Brighton, East Sussex BN2 8EL3
£407.8K11/210.18 mi107, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PE3
£327.5K02/210.19 mi95, Wicklands Avenue, Saltdean, Brighton, East Sussex BN2 8EQ3
£420K10/230.2 mi12, Brambletyne Avenue, Saltdean, Brighton, East Sussex BN2 8EJ3
£460K12/200.23 mi42, Hamsey Road, Saltdean, Brighton, East Sussex BN2 8DE3
£495K06/210.24 mi63, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PB3
£510K06/230.24 mi73, Oaklands Avenue, Saltdean, Brighton, East Sussex BN2 8PB3
£538K01/230.25 mi43, Gorham Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BA3
£505K12/210.25 mi57, Northwood Avenue, Saltdean, Brighton, East Sussex BN2 8RG3
£435K08/230.25 mi8a, Hartfield Road, Saltdean, Brighton, East Sussex BN2 8RE3
£350K07/230.26 mi35, Bannings Vale, Saltdean, Brighton, East Sussex BN2 8DB3
£465K12/200.26 mi49, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PF3
£450K03/210.26 mi73a, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PF3
£495K12/210.26 mi65, Bevendean Avenue, Saltdean, Brighton, East Sussex BN2 8PF3
£390K11/200.27 mi53, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8ED3
£497.5K06/210.27 mi69, Northwood Avenue, Saltdean, Brighton, East Sussex BN2 8RG3
£405K02/210.28 mi117, Bannings Vale, Saltdean, Brighton, East Sussex BN2 8DH3
£545K12/220.29 mi3, Ardingly Road, Saltdean, Brighton, East Sussex BN2 8EG3
£525K09/230.29 mi16, Findon Avenue, Saltdean, Brighton, East Sussex BN2 8RF3
£460K03/230.29 mi39, Gorham Way, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BA3
£455K08/210.31 mi42, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8EB3
£647.5K06/230.31 mi20, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8EB3
£467.5K11/230.31 mi30, Nutley Avenue, Saltdean, Brighton, East Sussex BN2 8EB3
£445K06/230.35 mi18, Tyedean Road, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AU3
£385K10/210.35 mi99, Cissbury Crescent, Saltdean, Brighton, East Sussex BN2 8RH3
£385K09/230.37 mi120, Rodmell Avenue, Saltdean, Brighton, East Sussex BN2 8PJ3
£325K04/210.4 mi13, Broomfield Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AL3
£342K01/210.41 mi18, Ifield Close, Saltdean, Brighton, East Sussex BN2 8DL3
£342K01/210.41 mi18, Ifield Close, Saltdean, Brighton, East Sussex BN2 8DL3
£457.5K03/230.42 mi40, Broomfield Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7AL3
£400K03/230.42 mi42, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BY3
£435K03/210.44 mi18, Lynwood Road, Saltdean, Brighton, East Sussex BN2 8EE3
£495K02/210.45 mi11, Rodmell Avenue, Saltdean, Brighton, Brighton And Hove BN2 8LT3
£435K02/210.45 mi28, Bevendean Avenue, Saltdean, Brighton, Brighton And Hove BN2 8LR3
£295.8K11/210.47 mi12, Linchmere Avenue, Saltdean, Brighton, Brighton And Hove BN2 8LE3
£415K06/210.47 mi36, Oaklands Avenue, Saltdean, Brighton, Brighton And Hove BN2 8LQ3
£275K11/220.47 mi43, Cliff Gardens, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BX3
£395K04/210.48 mi8, Rye Close, Saltdean, Brighton, East Sussex BN2 8PP3
£397.9K10/200.51 mi40a, Fairlight Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BS3
£349K11/200.53 mi9, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BZ3
£350K12/200.53 mi22, Grassmere Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BZ3
£450K01/210.56 mi28, Greenbank Avenue, Saltdean, Brighton, Brighton And Hove BN2 8QS3
£437.5K02/210.56 mi39, Greenbank Avenue, Saltdean, Brighton, Brighton And Hove BN2 8QS3
£371K06/210.56 mi16a, Fairlight Avenue, Telscombe Cliffs, Peacehaven, East Sussex BN10 7BN3
£800K03/210.57 mi32, Arundel Drive East, Saltdean, Brighton, Brighton And Hove BN2 8SL3
£405K09/210.58 mi74, Greenbank Avenue, Saltdean, Brighton, East Sussex BN2 8QQ3

Local Rents

16 rents from £1.1K/mo to £2.6K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,65012/240.21 miBannings Vale, Saltdean, BN23
£1,50012/240.36 miSpringfield Avenue Telscombe Cliffs BN103
£1,65003/240.49 mi-3
£1,15006/240.52 mi-3
£1,85012/240.65 miHeathfield Avenue, Saltdean3
£1,55012/240.72 mi-3
£1,75012/240.73 miSouth Coast Road, Telscombe Cliffs, Peacehaven3
£1,60012/240.82 miTremola Avenue, Saltdean, BRIGHTON3
£2,60009/240.88 mi-3
£1,90012/240.89 miLustrells Vale, Saltdean, Brighton3
£1,60012/241 miBarley Close, Telscombe Cliffs, PEACEHAVEN3
£1,70002/251.05 mi-3
£1,75012/241.07 mi-3
£1,50012/241.15 miDowns Walk, BN103
£1,80012/241.21 miEdith Avenue, Peacehaven3
£2,10003/241.23 miTelscombe, Lewes, East Sussex, BN73

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

4.38 miles away

Nearest school

0.70 miles away

Nearest train station

3.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+20%

Property History

Listed for £525,000

December 26, 2024

Floor Plans

Description

  • Potential to extend (STNC) +
  • Three bedrooms +
  • spacious living room +
  • dining area +
  • modern kitchen +
  • stunning garden +
  • panoramic views +
  • raised terrace and balcony +

This delightful three-bedroom semi-detached home effortlessly combines modern living with coastal charm. Offering an abundance of potential, the property presents an exciting opportunity for further expansion, whether through a loft conversion or a rear ground-floor extension (STNC). Previously approved planning permission for a loft conversion only lapsed in 2024 (Planning reference No LW/21/0268), providing a solid foundation for future development.

Nestled in a highly sought-after location, the home boasts an array of appealing features, including stunning sea and Saltdean views, an integral garage, off-street parking, and beautifully maintained front and rear gardens. Thoughtfully designed throughout, the interior showcases a spacious and inviting living area, where a striking inset open fire serves as both a focal point for cosy winter nights and an efficient heat source. Flowing seamlessly from the living space, elegant open archways lead into a stylish dining area, where sliding bi-fold doors open onto a raised rear deck—an ideal setting for alfresco dining, entertaining, or simply unwinding in the fresh sea air. The bright and airy atmosphere continues into the newly refurbished contemporary kitchen, creating a cohesive and welcoming living space.

Upstairs, three generously proportioned bedrooms provide comfortable accommodation, with the master bedroom enjoying the added luxury of a large, private balcony that frames breathtaking sea views—an idyllic retreat for relaxation. The meticulously maintained gardens at both the front, side and rear of the property offer a tranquil outdoor sanctuary, while the convenience of a large undercroft/storage room underneath the house which houses the modern combi-boiler, an integral garage and off-street parking enhances everyday practicality.

Perfectly suited to those seeking a home that balances comfort, style, and the allure of a coastal lifestyle with family size and space, this exceptional property is just a short distance from local amenities, excellent transport links, and the beach.

Ashurst Avenue is located in a popular residential area in East Saltdean. A host of lovely footpaths are within a short distance of the property giving easy access to the stunning South Downs National Park providing wonderful walks and outstanding views of the area. Local amenities are all within easy reach, there is Longridge Avenue with doctors, dentist, chemist, cafe, Co-op, hairdressers and post office. Saltdean Park and the famous Art deco Lido are close by, offering a variety of leisure activities. Saltdean Primary school is located in Chiltington Way. Bus routes are found on Saltdean Vale, Lustrells Vale and Longridge Avenue and also on Marine Drive, providing easy access into Brighton's main city centre. Brighton’s Mainline Railway Station is approximately 5 miles away and Saltdean beach is within 0.45miles of the property.

Agent Details

King & Chasemore, Saltdean

01273 109742

Next Steps?

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