2 Bed Flat, Single Let, Brighton, BN1 2HB, £325,000

Stone Street, Brighton, BN1 2HB - 3 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~80 m²
+6 photos

ValuationUndervalued

Sold Prices£199.5K - £1.1M
Sold Prices/m²£3.1K/m² - £15.2K/m²

 

 

Square Metres

~80.18 m²
Price/m²£4.1K/m²

Value Estimate

£406,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Rent Range

£1,100 - £3,300

Rent Estimate

£1,556

Running Costs/mo

£1,347

Cashflow/mo

£209

Cashflow/yr

£2,510

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £199.5K to £1.1M, average is £376K. £3.1K/m² to £15.2K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£450K01/230.16 mi5, Montpelier Terrace, Brighton, Brighton And Hove BN1 3DF2
£365K06/210.17 miFlat 13, Sillwood Hall, Montpelier Road, Brighton, Brighton And Hove BN1 2LQ2
£261.5K06/230.18 miLower Ground Floor Flat, 28, Oriental Place, Brighton, Brighton And Hove BN1 2LL2
£199.5K09/230.19 miGround Floor Flat, 6, Bedford Place, Brighton, Brighton And Hove BN1 2PT2
£440K02/230.23 mi28b - 28d, Norfolk Square, Brighton, Brighton And Hove BN1 2PD2
£270K12/200.27 mi24d, York Road, Hove, Brighton And Hove BN3 1DL2
£375K06/210.28 miGround Floor Flat, 5, Leopold Road, Brighton, Brighton And Hove BN1 3RD2
£384K03/210.28 miFirst Floor Flat, 5, Leopold Road, Brighton, Brighton And Hove BN1 3RD2
£367K05/230.28 mi15a, York Road, Hove, Brighton And Hove BN3 1DJ2
£340K03/230.29 miFlat 20, St Nicholas Lodge, Church Street, Brighton, Brighton And Hove BN1 3LJ2
£380K02/210.3 miFlat 3, Cawthorne House, Dyke Road, Brighton, Brighton And Hove BN1 3GZ2
£305K06/210.32 mi6, Brunswick Road, Hove, Brighton And Hove BN3 1DG2
£365K01/210.37 miSecond Floor Flat, 2, Vernon Terrace, Brighton, Brighton And Hove BN1 3JG2
£360K03/210.38 mi68a, Buckingham Road, Brighton, Brighton And Hove BN1 3RJ2
£323.5K07/210.4 miUpper Maisonette, 19, Buckingham Street, Brighton, Brighton And Hove BN1 3LT2
£277K11/230.4 mi72, Brunswick Place, Hove, Brighton And Hove BN3 1NB2
£450K10/230.41 mi55, Frederick Street, Brighton, Brighton And Hove BN1 4TA2
£235K06/210.45 miFirst Floor Flat, 1, Farm Road, Hove, East Sussex BN3 1FB2
£345K11/200.48 miLower Ground Floor Flat, 61, Buckingham Road, Brighton, Brighton And Hove BN1 3RQ2
£275K12/200.48 miSecond Floor Flat, 6, Lansdowne Place, Hove, Brighton And Hove BN3 1HG2
£405K06/210.5 miFirst Floor Flat, 99, Lansdowne Place, Hove, Brighton And Hove BN3 1FN2
£640K04/210.54 miFlat 35, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£460K06/210.54 miFlat 27, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£450K10/230.54 miFlat 56, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£415K11/210.54 miFlat 24, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£475K04/230.54 miFlat 75, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£1.1M06/210.54 mi58, Davigdor Road, Hove, Brighton And Hove BN3 1RB2
£411.4K05/210.54 mi31a, Holland Road, Hove, Brighton And Hove BN3 1JE2
£790K06/210.55 miGround Floor Flat, 35, Brunswick Terrace, Hove, Brighton And Hove BN3 1HA2
£745K07/230.55 miGround Floor Flat, 35, Brunswick Terrace, Hove, Brighton And Hove BN3 1HA2
£322K12/200.58 miFlat 14b, St Ann's Court, Nizells Avenue, Hove, Brighton And Hove BN3 1PR2
£411K09/210.61 miFirst And Second Floor Maisonette, 22, Prestonville Road, Brighton, Brighton And Hove BN1 3TL2
£462K06/230.7 mi60b, Lyndhurst Road, Hove, Brighton And Hove BN3 6FB2
£595K07/210.71 mi28, Stroudley Road, Brighton, Brighton And Hove BN1 4BH2
£415K05/230.73 mi32, Selborne Road, Hove, Brighton And Hove BN3 3AH2
£377K05/210.74 miSecond Floor Flat, 23, Selborne Road, Hove, Brighton And Hove BN3 3AJ2
£300K09/230.74 miBasement Flat, 25, Selborne Road, Hove, Brighton And Hove BN3 3AJ2
£450K01/230.79 mi40, Campbell Road, Brighton, Brighton And Hove BN1 4QD2
£331K11/210.82 miGround Floor Flat, 15, Richmond Terrace, Brighton, Brighton And Hove BN2 9SA2
£718.9K04/230.86 miFlat 14, Grand Avenue Mansions, Grand Avenue, Hove, Brighton And Hove BN3 2NA2
£320K11/200.88 mi110a, Albion Hill, Brighton, East Sussex BN2 9PA2
£295K07/230.89 miFlat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£290K07/230.89 miFlat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£457.5K09/210.9 miGround Floor Flat, 17, Bigwood Avenue, Hove, Brighton And Hove BN3 6FP2
£422.5K05/210.91 miGround Floor Flat, 1, Park View Terrace, Brighton, Brighton And Hove BN1 5PW2
£412.5K03/210.92 miUpper Maisonette, 57, Shaftesbury Road, Brighton, Brighton And Hove BN1 4NF2
£220K05/230.92 miGround Floor Flat, 4, Springfield Road, Brighton, Brighton And Hove BN1 6DA2
£300K11/200.93 miFlat 46, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£308.5K11/210.93 miFlat 69, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£355.8K12/200.93 miGround Floor Flat, 32, Cromwell Road, Hove, Brighton And Hove BN3 3EB2

Local Rents

50 rents from £1.1K/mo to £3.3K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£3,20002/240 mi-2
£2,15012/240 mi-2
£2,15001/250 mi-2
£2,99503/240.01 mi-2
£1,85003/250.01 mi-2
£1,55012/240.02 miCastle Street, BRIGHTON2
£1,80012/240.02 miWestern Road, Brighton, BN12
£2,15012/240.02 mi-2
£2,40002/240.02 mi-2
£2,15002/240.02 mi-2
£1,70001/250.02 mi-2
£2,25012/240.02 mi-2
£1,99512/240.03 miMitre House, Western Road, Brighton, East Sussex, BN12
£2,20012/240.04 mi-2
£2,00012/240.05 miMitre House, 149 Western Road, Brighton, East Sussex, BN12
£2,20001/250.05 mi-2
£2,30012/240.05 miMitre House, Western Road, Brighton2
£2,30012/240.06 miRussell Mews, Brighton2
£2,00012/240.06 miRussell Mews, Brighton2
£1,90012/240.06 miRussell Mews, Brighton2
£1,90012/240.06 miRussell Mews, Brighton2
£3,30002/240.06 mi-2
£3,30002/240.06 mi-2
£2,70012/240.06 mi-2
£2,70001/250.06 mi-2
£1,15012/240.06 miPreston Street, BRIGHTON2
£1,60012/240.07 miRussell Mews, BRIGHTON2
£2,00003/240.07 mi-2
£1,90012/240.07 mi-2
£1,90712/240.08 miCrown Street, Brighton2
£2,05012/240.08 miSillwood Terrace, Brighton2
£1,60012/240.08 miSillwood Terrace,BN12
£2,25012/240.09 miClarence square, Brighton2
£1,10002/250.09 mi-2
£1,30004/250.09 mi-2
£1,70001/250.09 mi-2
£2,30012/240.09 miRussell Square, Brighton2
£1,85012/240.1 miClarence Square, Brighton2
£2,25012/240.1 miClarence square, Brighton2
£1,35012/240.11 miRegency Square, BRIGHTON2
£2,65002/250.11 mi-2
£1,35003/250.11 mi-2
£1,72512/240.12 miSillwood Street, Brighton, BN12
£1,80012/240.12 miRegency Square, Brighton, BN12
£1,80003/240.12 mi-2
£1,80003/250.12 mi-2
£2,35012/240.12 miClarence square, Brighton2
£1,49512/240.12 miSillwood Street, Brighton2
£1,80012/240.13 mi-2
£1,75002/250.13 mi-2

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

1.98 miles away

Nearest school

0.10 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Price changed to £325,000

February 16, 2025

Listed for £350,000

January 7, 2025

Floor Plans

Description

  • First floor 2 bedroom apartment +
  • Bathroom and en suite shower room +
  • No onward chain +
  • Balcony +
  • Sought after city centre location +
  • Guide Price £325,000 - £350,00 +

Nestled on the highly desirable Stone Street in the heart of Brighton, this exceptional two-bedroom flat offers the perfect blend of style, space, and convenience. Positioned within the city centre and just steps away from the iconic Lanes, this property is ideally suited for those looking to enjoy the vibrant lifestyle Brighton is renowned for.

As you step into the flat, you are welcomed by a bright and spacious open-plan living area, designed to suit modern living. The layout seamlessly integrates the lounge, dining, and kitchen spaces, creating an inviting atmosphere perfect for entertaining or unwinding after a busy day. The living area extends onto a private balcony, offering an idyllic spot to relax and enjoy the bustling energy of the city from a peaceful vantage point.

Both bedrooms are impressively proportioned, providing generous space for restful retreats. The main bedroom is particularly noteworthy, featuring its own ensuite bathroom, a sought-after feature that adds an extra layer of luxury and convenience. The second bedroom is equally spacious, making it perfect for guests, a home office, or additional family members.

The property's location is one of its most compelling features. Situated in the very heart of Brighton, you'll find yourself within easy walking distance of the city's best attractions, including the boutique shops and artisan cafes of the Lanes, the vibrant seafront, and a wealth of cultural and entertainment options. Despite being in the centre of it all, the flat offers a peaceful sanctuary to return to at the end of the day.

Additional benefits include the convenience of no onward chain, ensuring a smooth and straightforward purchase process. This, combined with its prime location and spacious interior, makes the property a standout choice for first-time buyers, investors, or anyone seeking a city-centre home with a touch of luxury.

This remarkable two-bedroom flat presents a rare opportunity to secure a stylish and spacious home in one of Brighton's most sought-after locations. Whether you're looking for a vibrant city lifestyle, a smart investment, or a convenient pied-à-terre, this property ticks all the boxes. 

FIRST FLOOR FLAT  

ENTRANCE HALL  

OPEN PLAN KITCHEN/LOUNGE 30' 4" x 14' 0" (9.25m x 4.27m)  

BEDROOM 13' 9" x 12' 10" (4.19m x 3.91m)  

BEDROOM 12' 6" x 11' 10" (3.81m x 3.61m)  

ENSUITE BATHROOM  

FAMILY BATHROOM  

OUTSIDE  

BALCONY

Agent Details

Phillips & Still, Brighton

01273 063363

Next Steps?

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