2 Bed Flat, Refurb/BRRR, Brighton, BN1 6UB, £250,000

12 Cliveden Court, Cliveden Close, Brighton, BN1 6UB - 9 views - a month ago

Sold STC

Leasehold

Refurb/BRRR

~68 m²

+13 photos

ValuationFair Value

Sold Prices	£210K - £1.3M
Sold Prices/m²	£2.9K/m² - £7.1K/m²

Square Metres	~68.11 m²
Price/m²	£3.7K/m²
Value Estimate	£252,500£252,500

End Value (After Refurb)	£425,694£425,694
Uplift in Value	+70%+70%
You could potentially get back more cash than you put into this deal. All your cash out plus £19,887 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Refurb Costs	£32,371£32,371
Bridging Loan Interest	£6,563£6,563
Total Cash In	£111,884£111,884

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£425,694£425,694
Agent Fees (1%)	£4,257£4,257
Bridging Loan	£187,500£187,500
Bridging Loan Interest	£6,563£6,563
Flip Profit	£122,053£122,053

Local Sold Prices

22 sold prices from £210K to £1.3M, average is £319.8K. £2.9K/m² to £7.1K/m², average is £5.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£259.9K	06/21	0.06 mi	Flat 1, Tivoli, Tower Gate, Preston, Brighton, East Sussex BN1 6WT	-	-	2	Flat
£370K	12/20	0.32 mi	Basement Flat, 67, Preston Drove, Brighton, Brighton And Hove BN1 6LA	£6,271	59	2	Flat
£275K	12/20	0.32 mi	3 Surrenden Lodge, Surrenden Road, Brighton, Brighton And Hove BN1 6QB	£3,618	76	2	Flat
£415K	09/21	0.35 mi	28a, Loder Road, Brighton, Brighton And Hove BN1 6PJ	£6,774	61	2	Flat
£230.8K	05/21	0.37 mi	Flat 16, Manhattan Court, Tongdean Lane, Preston, Brighton, Brighton And Hove BN1 6XZ	-	-	2	Flat
£225K	12/22	0.41 mi	Flat 81, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS	-	-	2	Flat
£210K	08/23	0.41 mi	Flat 103, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS	£2,917	72	2	Flat
£443.5K	01/21	0.5 mi	89a, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HF	£5,544	80	2	Flat
£340K	11/20	0.62 mi	66a, Lowther Road, Brighton, Brighton And Hove BN1 6LH	£5,574	61	2	Flat
£340K	06/21	0.69 mi	95a, Sandgate Road, Brighton, Brighton And Hove BN1 6JP	£5,965	57	2	Flat
£308.5K	11/21	0.71 mi	Flat 69, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD	-	-	2	Flat
£300K	11/20	0.71 mi	Flat 46, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD	-	-	2	Flat
£270K	10/21	0.72 mi	45, Havelock Road, Brighton, Brighton And Hove BN1 6GL	-	-	2	Flat
£422.5K	05/21	0.73 mi	Ground Floor Flat, 1, Park View Terrace, Brighton, Brighton And Hove BN1 5PW	-	-	2	Flat
£390K	02/21	0.74 mi	29b, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HA	-	-	2	Flat
£1.3M	01/21	0.79 mi	39, Stanford Avenue, Brighton, Brighton And Hove BN1 6GA	£6,010	208	2	Flat
£585K	09/23	0.85 mi	Apartment 27, Preston Mansions, Preston Park Avenue, Brighton, Brighton And Hove BN1 6HP	£6,573	89	2	Flat
£331K	10/23	0.85 mi	Top Flat, 28, Grantham Road, Brighton, Brighton And Hove BN1 6EE	£4,355	76	2	Flat
£295K	07/23	0.91 mi	Flat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT	£3,554	83	2	Flat
£290K	07/23	0.91 mi	Flat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT	£3,718	78	2	Flat
£220K	05/23	0.93 mi	Ground Floor Flat, 4, Springfield Road, Brighton, Brighton And Hove BN1 6DA	£4,314	51	2	Flat
£457.5K	09/21	0.96 mi	Ground Floor Flat, 17, Bigwood Avenue, Hove, Brighton And Hove BN3 6FP	£7,148	64	2	Flat

Local Rents

50 rents from £1.1K/mo to £2.5K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	12/24	0.03 mi	Cliveden Close, BRIGHTON	2	Flat
£1,150	12/24	0.03 mi	-	2	Flat
£1,395	11/23	0.04 mi	-	2	Flat
£1,450	12/24	0.06 mi	Varndean Road, Brighton	2	Flat
£1,475	12/24	0.07 mi	Kingsmere, London Road, Brighton, BN1 6UW	2	Flat
£1,400	12/24	0.08 mi	Cliveden Court, Brighton, BN1	2	Flat
£1,400	12/24	0.08 mi	Cliveden Court, Brighton, BN1	2	Flat
£1,300	12/24	0.09 mi	Cliveden Close, Brighton, East Sussex, BN1	2	Flat
£1,500	03/25	0.1 mi	-	2	Flat
£1,300	12/24	0.12 mi	Leahurst Court Road, BRIGHTON	2	Flat
£1,400	12/24	0.13 mi	London Road, Preston, BRIGHTON	2	Flat
£1,420	02/24	0.15 mi	-	2	Flat
£1,450	12/24	0.16 mi	Carlton House, Preston Road, Brighton	2	Flat
£1,600	12/24	0.16 mi	Laine Close, BN1	2	Flat
£1,495	12/24	0.16 mi	Station Road, Preston, Brighton	2	Flat
£1,300	12/24	0.23 mi	Preston Road, Brighton, BN1 6SW	2	Flat
£1,300	12/24	0.3 mi	Robertson Road, BRIGHTON	2	Flat
£1,500	12/24	0.3 mi	18 Harrington Villas, Brighton, East Sussex, BN1	2	Flat
£1,350	02/24	0.31 mi	-	2	Flat
£1,450	02/25	0.31 mi	-	2	Flat
£1,300	12/24	0.32 mi	Preston Drove	2	Flat
£2,500	12/24	0.33 mi	North Road, Preston Village, Brighton, East Sussex, BN1	2	Terraced House
£1,770	01/25	0.34 mi	-	2	Terraced House
£1,475	12/24	0.37 mi	Maldon Road, Brighton, BN1	2	Flat
£1,475	12/24	0.37 mi	-	2	Flat
£1,450	12/24	0.37 mi	South Road, Brighton	2	Flat
£1,475	01/24	0.37 mi	-	2	Flat
£1,800	02/25	0.37 mi	-	2	Terraced House
£1,800	12/24	0.37 mi	-	2	Terraced House
£1,400	12/24	0.37 mi	Matlock Road, Brighton	2	Flat
£1,350	12/24	0.39 mi	London Road, BN1	2	Flat
£1,450	12/24	0.39 mi	South Road, BN1	2	Flat
£1,600	12/24	0.39 mi	Tivoli Crescent, Brighton	2	Flat
£1,500	12/24	0.41 mi	The Park Apartments	2	Flat
£1,500	01/25	0.41 mi	-	2	Terraced House
£1,495	12/24	0.43 mi	London Road, Preston	2	Flat
£2,250	01/25	0.44 mi	-	2	Flat
£1,300	02/25	0.44 mi	-	2	Flat
£1,500	12/24	0.45 mi	Compton Road, Brighton, East Sussex, BN1	2	Flat
£1,650	12/24	0.45 mi	Inwood Crescent, Brighton	2	Flat
£1,540	12/24	0.47 mi	Compton Road, Brighton, East Sussex, BN1	2	Flat
£1,950	12/24	0.48 mi	-	2	Flat
£1,500	02/25	0.49 mi	-	2	Flat
£1,400	12/24	0.51 mi	London Road, BN1	2	Flat
£1,475	12/24	0.51 mi	Mandalay Court, London Road - P1612	2	Flat
£1,475	12/24	0.51 mi	Mandalay Court, London Road - P1612	2	Flat
£1,250	12/24	0.51 mi	-	2	Flat
£1,995	03/24	0.52 mi	-	2	Flat
£2,500	02/24	0.52 mi	-	2	Flat
£1,995	12/24	0.52 mi	-	2	Flat

Local Area Statistics

Population in BN1	84,02184,021
Population in Brighton	208,224208,224
Town centre distance	2.02 miles away2.02 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.22 miles away0.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+6%+6%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £250,000

January 29, 2025

Floor Plans

Description

First floor purpose built apartment +
Two good size bedrooms +
South facing living room +
Extended lease upon completion of approx. 990 years +
Garage located in nearby block +
No ongoing chain +
Separate fitted kitchen +
Bathroom/WC +
Excluisve to Spencer & Leigh +
Viewing highly recommended +

Situated in the desirable Cliveden Close, Brighton, this first-floor apartment presents a wonderful opportunity for those looking to create their ideal living space. While the property requires some modernisation, it offers a blank canvas for potential buyers to infuse their personal style and preferences.

Upon completion, a new lease of 990 years will be granted, providing peace of mind and long-term security. The apartment boasts the added benefit of a parking space and a garage, a rare find in such a sought-after location.

Situated in close proximity to Preston Park Station, residents will enjoy excellent transport links, making commuting and exploring the vibrant city of Brighton effortless. The area is known for its charming surroundings and community spirit, ensuring a pleasant living experience.

With no onward chain, this property is ready for a new owner to make it their own. Whether you are a first-time buyer or looking to invest, this apartment in Cliveden Close is a fantastic opportunity not to be missed. Embrace the potential and envision the possibilities that await in this lovely Brighton home.

Communal Entrance -

Stairs Rising To The First Floor -

Entrance Hallway -

Living Room - 4.83m x 3.45m (15'10 x 11'4 ) -

Kitchen - 2.69m x 2.06m (8'10 x 6'9) -

Bathroom -

Bedroom - 3.73m x 3.40m (12'3 x 11'2 ) -

Bedroom - 3.40m x 2.72m (11'2 x 8'11) -

Outside -

Communal Gardens -

Residents Parking -

Garage En Bloc- Number 8 -

Property Information - 990 years remaining on lease
Service Charge - £2,136.94 p/a
Zero Ground Rent
Council Tax Band B: £1,818.49 2024/2025
Utilities: Mains Electric, Mains water and sewerage
Parking: Garage and residents E-permit parking
Broadband: Standard 19 Mbps, Superfast 175 Mbps, Ultrafast 1000 Mbps (OFCOM checker)
Mobile: Good coverage (OFCOM checker)

Agent Details

Spencer & Leigh, Brighton

01273 021369

Next Steps?

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

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