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

 

 

End Value (After Refurb)

£425,694

Uplift in Value

+70%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£32,371

Bridging Loan Interest

£6,563

Total Cash In

£111,884

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£425,694

Agent Fees (1%)

£4,257

Bridging Loan

£187,500

Bridging Loan Interest

£6,563

Flip Profit

£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.

PriceDateDistanceAddressBeds 
£259.9K06/210.06 miFlat 1, Tivoli, Tower Gate, Preston, Brighton, East Sussex BN1 6WT2
£370K12/200.32 miBasement Flat, 67, Preston Drove, Brighton, Brighton And Hove BN1 6LA2
£275K12/200.32 mi3 Surrenden Lodge, Surrenden Road, Brighton, Brighton And Hove BN1 6QB2
£415K09/210.35 mi28a, Loder Road, Brighton, Brighton And Hove BN1 6PJ2
£230.8K05/210.37 miFlat 16, Manhattan Court, Tongdean Lane, Preston, Brighton, Brighton And Hove BN1 6XZ2
£225K12/220.41 miFlat 81, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS2
£210K08/230.41 miFlat 103, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS2
£443.5K01/210.5 mi89a, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HF2
£340K11/200.62 mi66a, Lowther Road, Brighton, Brighton And Hove BN1 6LH2
£340K06/210.69 mi95a, Sandgate Road, Brighton, Brighton And Hove BN1 6JP2
£308.5K11/210.71 miFlat 69, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£300K11/200.71 miFlat 46, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£270K10/210.72 mi45, Havelock Road, Brighton, Brighton And Hove BN1 6GL2
£422.5K05/210.73 miGround Floor Flat, 1, Park View Terrace, Brighton, Brighton And Hove BN1 5PW2
£390K02/210.74 mi29b, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HA2
£1.3M01/210.79 mi39, Stanford Avenue, Brighton, Brighton And Hove BN1 6GA2
£585K09/230.85 miApartment 27, Preston Mansions, Preston Park Avenue, Brighton, Brighton And Hove BN1 6HP2
£331K10/230.85 miTop Flat, 28, Grantham Road, Brighton, Brighton And Hove BN1 6EE2
£295K07/230.91 miFlat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£290K07/230.91 miFlat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£220K05/230.93 miGround Floor Flat, 4, Springfield Road, Brighton, Brighton And Hove BN1 6DA2
£457.5K09/210.96 miGround Floor Flat, 17, Bigwood Avenue, Hove, Brighton And Hove BN3 6FP2

Local Rents

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

RentDateDistanceAddressBeds 
£1,40012/240.03 miCliveden Close, BRIGHTON2
£1,15012/240.03 mi-2
£1,39511/230.04 mi-2
£1,45012/240.06 miVarndean Road, Brighton2
£1,47512/240.07 miKingsmere, London Road, Brighton, BN1 6UW2
£1,40012/240.08 miCliveden Court, Brighton, BN12
£1,40012/240.08 miCliveden Court, Brighton, BN12
£1,30012/240.09 miCliveden Close, Brighton, East Sussex, BN12
£1,50003/250.1 mi-2
£1,30012/240.12 miLeahurst Court Road, BRIGHTON2
£1,40012/240.13 miLondon Road, Preston, BRIGHTON2
£1,42002/240.15 mi-2
£1,45012/240.16 miCarlton House, Preston Road, Brighton2
£1,60012/240.16 miLaine Close, BN12
£1,49512/240.16 miStation Road, Preston, Brighton2
£1,30012/240.23 miPreston Road, Brighton, BN1 6SW2
£1,30012/240.3 miRobertson Road, BRIGHTON2
£1,50012/240.3 mi18 Harrington Villas, Brighton, East Sussex, BN12
£1,35002/240.31 mi-2
£1,45002/250.31 mi-2
£1,30012/240.32 miPreston Drove2
£2,50012/240.33 miNorth Road, Preston Village, Brighton, East Sussex, BN12
£1,77001/250.34 mi-2
£1,47512/240.37 miMaldon Road, Brighton, BN12
£1,47512/240.37 mi-2
£1,45012/240.37 miSouth Road, Brighton2
£1,47501/240.37 mi-2
£1,80002/250.37 mi-2
£1,80012/240.37 mi-2
£1,40012/240.37 miMatlock Road, Brighton2
£1,35012/240.39 miLondon Road, BN12
£1,45012/240.39 miSouth Road, BN12
£1,60012/240.39 miTivoli Crescent, Brighton2
£1,50012/240.41 miThe Park Apartments2
£1,50001/250.41 mi-2
£1,49512/240.43 miLondon Road, Preston2
£2,25001/250.44 mi-2
£1,30002/250.44 mi-2
£1,50012/240.45 miCompton Road, Brighton, East Sussex, BN12
£1,65012/240.45 miInwood Crescent, Brighton2
£1,54012/240.47 miCompton Road, Brighton, East Sussex, BN12
£1,95012/240.48 mi-2
£1,50002/250.49 mi-2
£1,40012/240.51 miLondon Road, BN12
£1,47512/240.51 miMandalay Court, London Road - P16122
£1,47512/240.51 miMandalay Court, London Road - P16122
£1,25012/240.51 mi-2
£1,99503/240.52 mi-2
£2,50002/240.52 mi-2
£1,99512/240.52 mi-2

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

2.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+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 💪