3 Bed Flat, Refurb/BRRR, Brighton, BN1 6SF, £360,000

Station Road, Preston, Brighton, BN1 6SF - 12 views - a month ago

Motivated
Refurb/BRRR
~93 m²
+18 photos

ValuationUndervalued

Sold Prices£100K - £900K
Sold Prices/m²£2.7K/m² - £17.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3.9K/m²

Value Estimate

£370,800
BMV3%

 

 

End Value (After Refurb)

£577,598

Uplift in Value

+60%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£17,500

Refurb Costs

£44,200

Bridging Loan Interest

£9,450

Total Cash In

£162,900

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£577,598

Agent Fees (1%)

£5,776

Bridging Loan

£270,000

Bridging Loan Interest

£9,450

Flip Profit

£138,922

Local Sold Prices

32 sold prices from £100K to £900K, average is £415K. £2.7K/m² to £17.8K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£100K06/230.71 miFlat 5, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AB3
£415K03/230.87 mi4a, Burton Villas, Hove, Brighton And Hove BN3 6FN3
£285K07/210.88 mi41a, Dyke Road Drive, Brighton, Brighton And Hove BN1 6AJ3
£461K09/230.97 miUpper Maisonette, 37, Hamilton Road, Brighton, Brighton And Hove BN1 5DL3
£352K03/211.01 mi41 Woodland Court, Dyke Road Avenue, Hove, Brighton And Hove BN3 6DP3
£825K04/211.03 mi118, Springfield Road, Brighton, Brighton And Hove BN1 6BZ3
£288K11/211.05 mi57, Burstead Close, Brighton, Brighton And Hove BN1 7HT3
£497.5K08/231.07 mi6, Campbell Road, Brighton, Brighton And Hove BN1 4QD3
£527.3K06/231.29 miUpper Maisonette, 125, Livingstone Road, Hove, Brighton And Hove BN3 3WN3
£235K05/231.3 miGround Floor Flat, 50, Livingstone Road, Hove, Brighton And Hove BN3 3WL3
£502.5K03/211.34 mi124, Shirley Street, Hove, Brighton And Hove BN3 3WG3
£570K06/211.39 miSecond Floor Flat, 15, Palmeira Avenue, Hove, Brighton And Hove BN3 3GA3
£900K07/231.52 miFlat 23, Grand Avenue Mansions, Grand Avenue, Hove, Brighton And Hove BN3 2NA3
£672.5K11/231.53 mi30a, Brunswick Square, Hove, Brighton And Hove BN3 1ED3
£306.8K09/211.54 miMaisonette, 4, Franklin Road, Brighton, Brighton And Hove BN2 3AD3
£205K11/211.83 mi5, Hillside, Brighton, Brighton And Hove BN2 4TA3
£650K06/211.92 mi7, Bartholomews, Brighton, Brighton And Hove BN1 1HG3
£515K01/232 mi63, Spencer Avenue, Hove, Brighton And Hove BN3 8DA3
£340K03/212.06 miFlat, 189a, Freshfield Road, Brighton, Brighton And Hove BN2 9YE3
£620K06/212.11 mi36, Lynchets Crescent, Hove, Brighton And Hove BN3 8EL3
£620K06/212.11 mi36, Lynchets Crescent, Hove, Brighton And Hove BN3 8EL3
£390K02/212.34 miBasement Flat, 14, College Road, Brighton, Brighton And Hove BN2 1JB3
£228K09/232.48 miMaisonette, 33a, Station Road, Portslade, Brighton, Brighton And Hove BN41 1GB3
£260K03/222.59 miFlat 24, Parker Court, Foredown Road, Portslade, Brighton, Brighton And Hove BN41 2FT3
£415K07/232.59 mi2, St Aubyns Road, Portslade, Brighton, Brighton And Hove BN41 1AD3
£257K10/202.61 miGround Floor Flat, 18, St Andrews Road, Portslade, Brighton, Brighton And Hove BN41 1DA3
£510K09/212.72 miLower Maisonette, 33, Chesham Road, Brighton, Brighton And Hove BN2 1NB3
£300K04/222.8 mi50a, Trafalgar Road, Portslade, Brighton, Brighton And Hove BN41 1GR3
£275K02/232.82 miGround And First Floor Maisonette, 19, Shelldale Road, Portslade, Brighton, Brighton And Hove BN41 1LE3
£328K05/222.84 mi3, Bampfield Street, Portslade, Brighton, Brighton And Hove BN41 1SE3
£431K10/212.87 mi41a, Sussex Square, Brighton, Brighton And Hove BN2 1GE3
£500K03/212.98 miGround Floor Flat, 5, Arundel Terrace, Brighton, Brighton And Hove BN2 1GA3

Local Rents

23 rents from £1.4K/mo to £4K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,20012/240.02 miPreston Park, Brighton, BN1 6TU3
£2,00012/240.03 mi-3
£1,90001/250.03 mi-3
£2,50012/240.08 miClermont Road, Brighton, BN13
£1,35012/240.13 miLondon Road, Brighton3
£1,98912/240.15 miCliveden Close, Brighton3
£2,00012/240.27 miMaldon Road, Brighton3
£2,09909/240.28 mi-3
£2,10012/240.28 miRobertson Road, Brighton3
£4,00012/240.36 miThe Drove, Brighton, East Sussex, BN13
£2,40012/240.41 miWhittingehame Gardens, Brighton, BN1 6PU3
£2,40012/240.41 miWhittingehame Gardens, Brighton, East Sussex, BN13
£2,50012/240.43 miThe Park Mews, London Road, Preston, Brighton, BN13
£2,50012/240.43 miThe Park Mews, London Road, Preston, Brighton, BN13
£1,95012/240.44 miCompton Road Brighton BN13
£2,30003/240.45 mi-3
£2,20012/240.46 miReigate Road, Brighton3
£1,80012/240.46 miSurrenden Road, Brighton3
£2,20012/240.49 miReigate Road, Brighton3
£2,75001/250.51 mi-3
£3,40002/250.53 mi-3
£2,14512/240.54 miPreston Drove, BN13
£2,50002/240.56 mi-3

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

2.11 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £360,000

February 10, 2025

Floor Plans

Description

  • In brief: +
  • Style: Top (2nd) floor apartment in modern purpose built block, chain free, share of freehold +
  • Type: 3 double bedrooms, 1 lounge/diner, 1 bathroom, 1 kitchen breakfast room +
  • Location: Preston Village +
  • Floor Area: 963 sq.ft +
  • Outside Space: N/A +
  • Parking: Allocated by separate arrangement +

GUIDE PRICE: £360,000--£380,000.

VACANT POSSESSION.

USE OF CAR PARKING SPACE.

SHARE OF FREEHOLD.

MINUTES FROM PRESTON PARK MAINLINE RAILWAY STATION.

INTERNAL VIEWINGS AVAILABLE ON REQUEST.

Secluded and secure in leafy grounds, this hidden gem is ideal for those who need rapid or regular access to Brighton’s city centre, Gatwick or London as it is tucked away on a quiet, no through lane - but just 94 yards from Preston Park Station! A big, bright blank canvas this chain free three-bedroom flat resides on the top floor of a sunny east/west purpose-built development where you can rent an allocated parking space by separate arrangement. Ready to move straight into, it also offers plenty of scope for further modernisations which would add value of allow you to put your own stamp on the place.

An ideal buy, its location is hard to beat within a 5-minute walk of the prestigious Preston Park and shops of the Village which include a small Sainsbury’s and several popular gastropubs. Homes in this secret enclave do not appear on the market often - and sell fast- as with frequent transport links in or out of the city and good local schools it is perfect for professionals, investors, couples or families.

In brief:

Style: Top (2nd) floor apartment in modern purpose built block, chain free, share of freehold

Type: 3 double bedrooms, 1 lounge/diner, 1 bathroom, 1 kitchen breakfast room

Location: Preston Village

Floor Area: Please see floor plan

Outside Space: N/A

Parking: Allocated by separate arrangement

Why you’ll like it:

Delivering the best of all worlds between the South Downs National Park and the sea, Preston Village is a sought-after area of our fabulous coastal metropolis with an easy going, unpretentious vibe and all the local amenities you need. Popular with professionals and families as it is far more convenient than its leafy setting suggests, the city centre is easy to reach within a few minutes – and you can get out of the city very easily, too- making Gatwick about a 30-40 minute drive.

Set amongst well-tended trees and gardens, this exclusive development is designed for privacy from the other homes within it. Tucked away in a sweet and verdant cul-de-sac approached from a no through road, it is also remarkably secure. This apartment is in a quiet building towards the back with only two apartments on each floor, and the smart front entrance has an answer phone system and lit glazed door leading to a well-maintained communal hallway.

Up at the top of a staircase on the second floor, this apartment spans the full depth of the building from east to west. Inside, the long hallway is inviting with light coming in from both sides, and storage has been carefully considered with deep double cupboards tucked away.

The eye is first drawn to the big bright living room has both a broad window almost filling the west wall, as well as a window in a second wall looking over a sea of gardens. Tastefully decorated and elegant, it is a welcoming haven to return to with ample space for formal dining and relaxation, enjoying the ever-changing vista. Energy efficient double glazing ensures it is warm and welcoming at any time of year.

Nearby, a well-organised kitchen has a timeless pairing of blonde units and dark, practical work surfaces with a sociable breakfast bar for two. Alongside an array of storage solutions sit a 5-ring gas hob and discreet hood above the electric oven and grill, whilst a fridge, freezer and dishwasher are also integrated for you. It would be possible to modernise in here top add value and create real impact without breaking the bank as there is plenty of space to play with.

All three bedrooms are double with the principal room and bedroom two both enjoying chic fitted wardrobes which maximise the floor space. Bedroom three is also double with space for freestanding furnishings, or it would be ideal as a roomy home office for two people looking to work from home on a daily or weekly basis. All bedrooms are carpeted with leafy views so you can enjoy watching the wildlife in the trees and seeing the colours change during autumn. In some ways, it is hard to believe you are so close to the city.

Central to the apartment, a contemporary bathroom has a shower above a shaped bath, and other touches of style include an opaque glass cabinet, mosaic tiling in midnight blue and a modern heated rail for towels.

Agent says:

“This exclusive location is leafy and quiet with a nice community feel close to, but out of hearing of London Road which takes you into or out of the city in minutes. With scope to modernise, a share of freehold and sitting chain free buy by the station, this deceptively spacious home will appeal to professionals, small families and investors.”

Owner’s thoughts:

“This was a superb rental property for me as it always attracted professionals due to the location by the station offering the London commute in under an hour door-to-door.”

What’s around you:
Shops: 5 minute walk to Sainsbury’s and Village shops
Train Station: Preston Park Station less than 1 minute
Seafront or Park: Park 5 minutes’ walk, Sea about 10 minutes by car
Closest schools:
Primary: St Bernadette’s R.C., Balfour
Secondary: Varndean, Dorothy Stringer, Cardinal Newman
Sixth Form: Varndean, BHASVIC
Private: Brighton College, Brighton & Hove High

Perfect for rapid access to Brighton, Gatwick and London at Preston Park Station is opposite, Preston Village is an exclusive location close to Preston Park with sports facilities, playground and open spaces which also host arts events. Local schools are good and within walking distance, whilst the beaches, countryside walks, and bridle paths of the National Park are just a short drive– so a healthy lifestyle beckons! Preston Village has shops, cafés and small Sainsbury’s with a friendly community and the vibrant arts venues, international restaurants and cosmopolitan shopping of the city are all easy to reach. For those who need to commute by car, there’s swift access to the A23/A27 and Zone K has no waiting list at the time of writing.

Agent Details

Brand Vaughan, Preston Park

01273 109843

Next Steps?

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