2 Bed Flat, Refurb/BRRR, Brighton, BN1 6YH, £285,000

Withdean Rise - BN1 6YH - 11 days ago

Sold STC
Leasehold
Refurb/BRRR
~68 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4.2K/m²

Value Estimate

£293,550
BMV3%

 

 

End Value (After Refurb)

£398,169

Uplift in Value

+40%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£17,200

Refurb Costs

£32,371

Bridging Loan Interest

£7,481

Total Cash In

£130,052

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£398,169

Agent Fees (1%)

£3,982

Bridging Loan

£213,750

Bridging Loan Interest

£7,481

Flip Profit

£50,385

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 
£230.8K05/210.08 miFlat 16, Manhattan Court, Tongdean Lane, Preston, Brighton, Brighton And Hove BN1 6XZ2
£225K12/220.09 miFlat 81, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS2
£210K08/230.1 miFlat 103, Windsor Court, Tongdean Lane, Withdean, Brighton, Brighton And Hove BN1 5JS2
£259.9K06/210.34 miFlat 1, Tivoli, Tower Gate, Preston, Brighton, East Sussex BN1 6WT2
£415K09/210.59 mi28a, Loder Road, Brighton, Brighton And Hove BN1 6PJ2
£275K12/200.61 mi3 Surrenden Lodge, Surrenden Road, Brighton, Brighton And Hove BN1 6QB2
£370K12/200.63 miBasement Flat, 67, Preston Drove, Brighton, Brighton And Hove BN1 6LA2
£443.5K01/210.79 mi89a, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HF2
£340K11/200.83 mi66a, Lowther Road, Brighton, Brighton And Hove BN1 6LH2
£310K01/210.84 mi9 Woodland Court, Dyke Road Avenue, Hove, Brighton And Hove BN3 6DN2
£332K01/230.84 mi3 Woodland Court, Dyke Road Avenue, Hove, Brighton And Hove BN3 6DN2
£340K06/210.91 mi95a, Sandgate Road, Brighton, Brighton And Hove BN1 6JP2
£308.5K11/211.01 miFlat 69, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£300K11/201.02 miFlat 46, Fairways, Dyke Road, Brighton, Brighton And Hove BN1 5AD2
£270K10/211.02 mi45, Havelock Road, Brighton, Brighton And Hove BN1 6GL2
£390K02/211.04 mi29b, Beaconsfield Villas, Brighton, Brighton And Hove BN1 6HA2
£422.5K05/211.05 miGround Floor Flat, 1, Park View Terrace, Brighton, Brighton And Hove BN1 5PW2
£1.3M01/211.09 mi39, Stanford Avenue, Brighton, Brighton And Hove BN1 6GA2
£425K09/231.11 miFlat 4, Orchard House, Park View Road, Hove, Brighton And Hove BN3 7AW2
£331K10/231.14 miTop Flat, 28, Grantham Road, Brighton, Brighton And Hove BN1 6EE2
£585K09/231.16 miApartment 27, Preston Mansions, Preston Park Avenue, Brighton, Brighton And Hove BN1 6HP2
£457.5K09/211.21 miGround Floor Flat, 17, Bigwood Avenue, Hove, Brighton And Hove BN3 6FP2
£295K07/231.23 miFlat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£290K07/231.23 miFlat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£228K10/231.23 miFlat 4, Homedrive House, The Drive, Hove, Brighton And Hove BN3 6GE2
£271.5K05/211.24 mi33, Fernhurst Crescent, Brighton, Brighton And Hove BN1 8FA2
£220K05/231.24 miGround Floor Flat, 4, Springfield Road, Brighton, Brighton And Hove BN1 6DA2
£462K06/231.32 mi60b, Lyndhurst Road, Hove, Brighton And Hove BN3 6FB2
£450K01/231.37 mi40, Campbell Road, Brighton, Brighton And Hove BN1 4QD2
£411K09/211.37 miFirst And Second Floor Maisonette, 22, Prestonville Road, Brighton, Brighton And Hove BN1 3TL2
£345K02/231.39 miGround Floor Flat, 66, Denmark Villas, Hove, Brighton And Hove BN3 3TJ2
£355.8K12/201.4 miGround Floor Flat, 32, Cromwell Road, Hove, Brighton And Hove BN3 3EB2
£1.1M06/211.45 mi58, Davigdor Road, Hove, Brighton And Hove BN3 1RB2
£326K02/231.46 mi3, Waverley Crescent, Brighton, Brighton And Hove BN1 7BG2
£595K07/211.46 mi28, Stroudley Road, Brighton, Brighton And Hove BN1 4BH2
£322K12/201.46 miFlat 14b, St Ann's Court, Nizells Avenue, Hove, Brighton And Hove BN3 1PR2
£412.5K03/211.47 miUpper Maisonette, 57, Shaftesbury Road, Brighton, Brighton And Hove BN1 4NF2
£332.5K04/211.5 mi10, Clarendon Road, Hove, Brighton And Hove BN3 3WS2
£322.5K02/211.51 mi26, Livingstone Road, Hove, Brighton And Hove BN3 3WP2
£212K12/201.51 miLower Ground Floor Flat, 38, Livingstone Road, Hove, Brighton And Hove BN3 3WP2
£115K01/231.55 miGround Floor Flat, 55, Livingstone Road, Hove, Brighton And Hove BN3 3WN2
£180K02/231.55 miLower Ground Floor Flat, 55, Livingstone Road, Hove, Brighton And Hove BN3 3WN2
£355K03/211.57 miGround And First Floor Flat, 90, Livingstone Road, Hove, Brighton And Hove BN3 3WL2
£365K01/211.57 miSecond Floor Flat, 2, Vernon Terrace, Brighton, Brighton And Hove BN1 3JG2
£137.5K03/231.58 miFirst Floor Flat, 15, Wakefield Road, Brighton, Brighton And Hove BN2 3FP2
£243K12/211.6 mi124, Hardwick Road, Hove, Brighton And Hove BN3 8BS2
£372.5K11/211.61 miUpper Maisonette, 117, Sackville Road, Hove, Brighton And Hove BN3 3WF2
£255K06/211.61 mi27b, Upper Lewes Road, Brighton, East Sussex BN2 3FH2
£345K11/201.61 miLower Ground Floor Flat, 61, Buckingham Road, Brighton, Brighton And Hove BN1 3RQ2
£316K06/211.63 mi132a, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FD2

Local Rents

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

RentDateDistanceAddressBeds 
£1,35002/240.03 mi-2
£1,45002/250.03 mi-2
£1,35012/240.07 miLondon Road, BN12
£1,47501/240.08 mi-2
£1,50012/240.09 miThe Park Apartments2
£1,49512/240.11 miLondon Road, Preston2
£1,50002/250.17 mi-2
£1,60012/240.18 miLaine Close, BN12
£1,42002/240.19 mi-2
£1,40012/240.19 miLondon Road, BN12
£1,47512/240.2 miMandalay Court, London Road - P16122
£1,47512/240.2 miMandalay Court, London Road - P16122
£1,30012/240.21 miLeahurst Court Road, BRIGHTON2
£1,75012/240.22 miMandalay Court, Brighton, East Sussex, BN1 8QW2
£1,50003/250.23 mi-2
£1,65003/250.24 mi-2
£1,40012/240.27 miLondon Road, Preston, BRIGHTON2
£1,45012/240.29 miVarndean Road, Brighton2
£1,15012/240.3 mi-2
£1,40012/240.31 miCliveden Close, BRIGHTON2
£1,39511/230.32 mi-2
£1,22512/240.33 miHomeleigh, London Road, Brighton, East Sussex, BN12
£1,40012/240.33 miCliveden Court, Brighton, BN12
£1,40012/240.33 miCliveden Court, Brighton, BN12
£1,30012/240.34 miCliveden Close, Brighton, East Sussex, BN12
£1,49501/250.34 mi-2
£2,15002/250.34 mi-2
£1,39512/240.36 miThe Priory, London Road, Brighton2
£1,47512/240.38 miKingsmere, London Road, Brighton, BN1 6UW2
£1,32512/240.39 miDene Vale, Brighton, East Sussex2
£1,32512/240.39 miDene Vale, Brighton, East Sussex2
£1,32512/240.39 miDene Vale, Brighton, East Sussex2
£1,49512/240.41 miStation Road, Preston, Brighton2
£1,50012/240.42 miDyke Road Avenue, Brighton, BN12
£1,45012/240.47 miCarlton House, Preston Road, Brighton2
£1,55012/240.5 miBarn Rise, BRIGHTON2
£1,30012/240.53 miPreston Road, Brighton, BN1 6SW2
£1,47512/240.56 miMaldon Road, Brighton, BN12
£1,47512/240.56 mi-2
£1,30012/240.57 miRobertson Road, BRIGHTON2
£1,40012/240.59 miMatlock Road, Brighton2
£1,50012/240.6 mi18 Harrington Villas, Brighton, East Sussex, BN12
£1,60012/240.62 miTivoli Crescent, Brighton2

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

2.24 miles away

Nearest school

0.40 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £285,000

March 4, 2025

Floor Plans

Description

  • Spacious 2 Double Bedroom Purpose Built Flat In Need of Updating +
  • Bright East/West Aspect With Views Over Surrenden Field +
  • 17' Lounge/Dining Room, 13' Kitchen/Breakfast Room +
  • 2 Double Bedrooms, Bathroom, Double Glazed Windows +
  • Long Lease With 130 Years Remaining With No Ground Rent Payable +
      • NO ONWARD CHAIN * * +

A spacious 2 double bedroom purpose built flat occupying the 2nd floor of this modern low level block and situated in this highly favoured residential area.

The flat enjoys a bright east/west aspect with open views from the front of the flat over Surrenden Field, and with views from the rear overlooking the Regency Court communal gardens.

The property is in need of updating and re-decoration throughout with generous accommodation comprising: entrance hall with large storage cupboards, a bright 17' lounge/dining room, 13' kitchen/breakfast room, 2 double bedrooms, and bathroom.

The flat benefits from double glazed windows, and a long lease with 130 years remaining and with no ground rent payable.

* * NO ONWARD CHAIN * *

Accommodation
All measurements are approximate.

Communal Entrance Hall
With staircase leading to the 2nd floor landing and flat front door.

Second Floor
Entrance Hall
Night storage heater. x2 Large storage cupboards with hanging and shelving space. Linen cupboard with hot water tank.

Lounge/Dining Room
5.37 x 3.62 (17'7" x 11'10")
A spacious lounge/dining room enjoying a bright aspect with feature 'Adam' style fireplace surround. Night storage heater. Large floor to ceiling double glazed window to front enjoying an open aspect and with views overlooking Surrenden Field.

Kitchen/Breakfast Room
4.05 x 2.21 (13'3" x 7'3")
Fitted with a range of units comprising stainless steel one and a half bowl sink unit with cupboards below. Space and plumbing for washing machine. Range of working surfaces with cupboards and drawer units below. Fitted electric hob with electric oven below. Space and plumbing for dishwasher. Space for fridge/freezer. Tiled splashbacks. Fitted wall cupboards and extractor fan. Breakfast bar unit. Double glazed window to rear enjoying views overlooking the communal gardens.

Bedroom 1
4.32 x 3.62 (14'2" x 11'10")
A spacious double bedroom with built in wardrobe cupboards with hanging and storage space. Large double glazed window to rear enjoying an open aspect and with views overlooking the communal gardens.

Bedroom 2
4.16 x 2.90 (13'7" x 9'6")
Night storage heater. Built in wardrobe cupboard with hanging and storage space. Double glazed window to front enjoying an open aspect and with views overlooking Surrenden Field.

Bathroom
In need of re-furbishment. Panelled bath. Wash hand basin. Low level wc. Double glazed window to rear.

Outside
Communal Gardens & Grounds
Well maintained communal gardens and grounds around the block.

Residents Car Parking
Residents car parking spaces are available around the development.

Information
EPC INFORMATION Full Energy Performance Certificate available on request

APPLIANCES AND SERVICES: The appliances and services mentioned have not been tested therefore we are unable to verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor.

TENURE: We understand from our client that the property is leasehold with 130 years remaining.

MAINTENANCE: £1,300 per annum

GROUND RENT: £0

Agent Details

David & Co, Brighton

01273 109859

Next Steps?

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