2 Bed Flat, Single Let, Brighton, BN1 6YL, £315,000

London Road, Preston, BN1 6YL - 2 views - 2 months ago

Leasehold
BTL
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£115K - £1.3M
Sold Prices/m²£2.3K/m² - £7.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£343,135
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£14,700

Total Cash In

£93,450

 

 

Cash Out

 

Rent Range

£1,150 - £2,150

Rent Estimate

£1,159

Running Costs/mo

£1,236

Cashflow/mo

£-77

Cashflow/yr

£-926

Gross Yield

4%

Local Sold Prices

50 sold prices from £115K to £1.3M, average is £331.5K. £2.3K/m² to £7.1K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£225K12/220.03 miFlat 81, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS2
£210K08/230.03 miFlat 103, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS2
£230.8K05/210.06 miFlat 16, Manhattan Court, Tongdean Lane, Preston, Brighton, Brighton And Hove BN1 6XZ2
£259.9K06/210.43 miFlat 1, Tivoli, Tower Gate, Preston, Brighton, East Sussex BN1 6WT2
£415K09/210.68 mi28a, Loder Road, Brighton, Brighton And Hove BN1 6PJ2
£275K12/200.7 mi3 Surrenden Lodge, Surrenden Road, Brighton, Brighton And Hove BN1 6QB2
£370K12/200.73 miBasement Flat, 67, Preston Drove, Brighton, Brighton And Hove BN1 6LA2
£310K01/210.77 mi9 Woodland Court, Dyke Road Avenue, Hove, Brighton And Hove BN3 6DN2
£332K01/230.77 mi3 Woodland Court, Dyke Road Avenue, Hove, Brighton And Hove BN3 6DN2
£443.5K01/210.88 mi89a, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HF2
£340K11/200.91 mi66a, Lowther Road, Brighton, Brighton And Hove BN1 6LH2
£340K06/210.99 mi95a, Sandgate Road, Brighton, Brighton And Hove BN1 6JP2
£308.5K11/211.11 miFlat 69, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£300K11/201.11 miFlat 46, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£270K10/211.12 mi45, Havelock Road, Brighton, Brighton And Hove BN1 6GL2
£390K02/211.14 mi29b, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HA2
£425K09/231.14 miFlat 4, Orchard House, Park View Road, Hove, Brighton And Hove BN3 7AW2
£422.5K05/211.14 miGround Floor Flat, 1, Park View Terrace, Brighton, Brighton And Hove BN1 5PW2
£1.3M01/211.18 mi39, Stanford Avenue, Brighton, Brighton And Hove BN1 6GA2
£331K10/231.23 miTop Flat, 28, Grantham Road, Brighton, Brighton And Hove BN1 6EE2
£271.5K05/211.24 mi33, Fernhurst Crescent, Brighton, Brighton And Hove BN1 8FA2
£585K09/231.26 miApartment 27, Preston Mansions, Preston Park Avenue, Brighton, Brighton And Hove BN1 6HP2
£457.5K09/211.29 miGround Floor Flat, 17, Bigwood Avenue, Hove, Brighton And Hove BN3 6FP2
£228K10/231.29 miFlat 4, Homedrive House, The Drive, Hove, Brighton And Hove BN3 6GE2
£295K07/231.32 miFlat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£290K07/231.32 miFlat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£220K05/231.34 miGround Floor Flat, 4, Springfield Road, Brighton, Brighton And Hove BN1 6DA2
£462K06/231.4 mi60b, Lyndhurst Road, Hove, Brighton And Hove BN3 6FB2
£345K02/231.45 miGround Floor Flat, 66, Denmark Villas, Hove, Brighton And Hove BN3 3TJ2
£411K09/211.46 miFirst And Second Floor Maisonette, 22, Prestonville Road, Brighton, Brighton And Hove BN1 3TL2
£450K01/231.47 mi40, Campbell Road, Brighton, Brighton And Hove BN1 4QD2
£355.8K12/201.47 miGround Floor Flat, 32, Cromwell Road, Hove, Brighton And Hove BN3 3EB2
£1.1M06/211.54 mi58, Davigdor Road, Hove, Brighton And Hove BN3 1RB2
£326K02/231.54 mi3, Waverley Crescent, Brighton, Brighton And Hove BN1 7BG2
£322K12/201.55 miFlat 14b, St Ann's Court, Nizells Avenue, Hove, Brighton And Hove BN3 1PR2
£332.5K04/211.55 mi10, Clarendon Road, Hove, Brighton And Hove BN3 3WS2
£595K07/211.56 mi28, Stroudley Road, Brighton, Brighton And Hove BN1 4BH2
£243K12/211.56 mi124, Hardwick Road, Hove, Brighton And Hove BN3 8BS2
£412.5K03/211.57 miUpper Maisonette, 57, Shaftesbury Road, Brighton, Brighton And Hove BN1 4NF2
£322.5K02/211.57 mi26, Livingstone Road, Hove, Brighton And Hove BN3 3WP2
£212K12/201.57 miLower Ground Floor Flat, 38, Livingstone Road, Hove, Brighton And Hove BN3 3WP2
£115K01/231.6 miGround Floor Flat, 55, Livingstone Road, Hove, Brighton And Hove BN3 3WN2
£180K02/231.6 miLower Ground Floor Flat, 55, Livingstone Road, Hove, Brighton And Hove BN3 3WN2
£355K03/211.62 miGround And First Floor Flat, 90, Livingstone Road, Hove, Brighton And Hove BN3 3WL2
£372.5K11/211.65 miUpper Maisonette, 117, Sackville Road, Hove, Brighton And Hove BN3 3WF2
£365K01/211.67 miSecond Floor Flat, 2, Vernon Terrace, Brighton, Brighton And Hove BN1 3JG2
£137.5K03/231.68 miFirst Floor Flat, 15, Wakefield Road, Brighton, Brighton And Hove BN2 3FP2
£255K06/211.71 mi27b, Upper Lewes Road, Brighton, East Sussex BN2 3FH2
£345K11/201.71 miLower Ground Floor Flat, 61, Buckingham Road, Brighton, Brighton And Hove BN1 3RQ2
£316K06/211.72 mi132a, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FD2

Local Rents

36 rents from £1.1K/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.01 miThe Park Apartments2
£1,49512/240.03 miLondon Road, Preston2
£1,35012/240.03 miLondon Road, BN12
£1,47501/240.07 mi-2
£1,50003/250.08 mi-2
£1,40012/240.1 miLondon Road, BN12
£1,47512/240.1 miMandalay Court, London Road - P16122
£1,47512/240.1 miMandalay Court, London Road - P16122
£1,45002/250.11 mi-2
£1,35002/240.11 mi-2
£1,75012/240.13 miMandalay Court, Brighton, East Sussex, BN1 8QW2
£1,65003/250.15 mi-2
£1,22512/240.25 miHomeleigh, London Road, Brighton, East Sussex, BN12
£1,49501/250.26 mi-2
£2,15002/250.26 mi-2
£1,39512/240.28 miThe Priory, London Road, Brighton2
£1,60012/240.28 miLaine Close, BN12
£1,42002/240.28 mi-2
£1,32512/240.29 miDene Vale, Brighton, East Sussex2
£1,32512/240.29 miDene Vale, Brighton, East Sussex2
£1,32512/240.29 miDene Vale, Brighton, East Sussex2
£1,30012/240.3 miLeahurst Court Road, BRIGHTON2
£1,50003/250.32 mi-2
£1,40012/240.37 miLondon Road, Preston, BRIGHTON2
£1,45012/240.38 miVarndean Road, Brighton2
£1,55012/240.4 miBarn Rise, BRIGHTON2
£1,15012/240.4 mi-2
£1,40012/240.4 miCliveden Close, BRIGHTON2
£1,50012/240.4 miDyke Road Avenue, Brighton, BN12
£1,39511/230.42 mi-2
£1,40012/240.43 miCliveden Court, Brighton, BN12
£1,40012/240.43 miCliveden Court, Brighton, BN12
£1,30012/240.43 miCliveden Close, Brighton, East Sussex, BN12
£1,47512/240.48 miKingsmere, London Road, Brighton, BN1 6UW2
£1,49512/240.5 miStation Road, Preston, Brighton2
£1,45012/240.56 miCarlton House, Preston Road, Brighton2

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

2.32 miles away

Nearest school

0.50 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £315,000

January 23, 2025

Listed for £325,000

January 3, 2025

Floor Plans

Description

  • A 1st Floor 800 sq ft Two Double Bedroom & Two Bathroom Apartment +
  • A recently fitted kitchen with integrated appliances and Corian style worksurfaces +
  • A bright, South facing, Reception / Dining Room. +
  • Both bedrooms feature extensively fitted bespoke wardrobes +
  • Karndean durable flooring throughout apartment +
  • Double Glazing & Gas Central Heating +
  • Communal Gymnasium & Sauna facilities within the same block. +
  • Allocated Parking Bay set behind a gated entrance +
  • Directly opposite Withdean Park & Surrenden Field. +
  • 15 minute walk to Preston Park Mainline train station. +

A 1st Floor, 800 sq ft, Two double bedroom Two Bathroom, stylish apartment situated within the low-rise Gym Block in the heart of this, exclusive, gated development. Our clients have lovingly improved this apartment to another level since it was first launched by the original developers. Karndean durable tile effect flooring extends throughout the accommodation, seamlessly allowing the space between each room to flow. A recently fitted kitchen, with a range of white, flush fitted, cabinets, integrated appliances and acrylic, Corian style,work surfaces is semi-open plan to the Reception/Dining Room. Both double bedrooms offer custom built, full height, fitted wardrobes to include excellent concealed draw space. The bright, fully tiled en suite bathroom with window to side, features a double sized hand basin set into a vanity unit, and shower over the bath. A further, well presented, tiled shower suite, is available featuring a double sized shower cubicle, wash basin set into a vanity unit, and low level WC. Perhaps the most impressive room is the bright South facing Reception/Dining Room, allowing for large items of furniture and creating an inviting relaxation and entertaining space. This room is semi open plan to the fully equipped and completely modernised kitchen. This apartment will appeal to those looking to move in and unpack without stripping out kitchens and bathrooms. The communal areas of the development have recently undergone extensive works to comply with the latest fire and safety regulations. Residents of this development enjoy exclusive access to a fully equipped Gymnasium, complete with Sauna, Shower facilities and Kitchenette. A single allocated parking bay is also included in the sale, and the residents of The Park Apartments enjoy a gated environment situated directly opposite Withdean Park and Surrenden Field. For commuters, Preston Park mainline railway station is a comfortable 15 minutes walk away, and regular bus services along London Road provide a speedy service into The City centre. Furthermore a National Express coach service stop is within a few minutes walk away, a pharmacy approx 5 minutes walk, the extensive Withdean Sports centre is also within 5 minutes walk. Agents Note: A EWS1 rated A1 approved is available “There are no attachments whose construction include significant quantities of combustible materials”

EPC Rating: C

Agent Details

Mansell McTaggart, Brighton

01273 063361

Next Steps?

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