9 Bed HMO, Brighton, BN1 8NA, £1,000,000

Carden Avenue, Brighton, BN1 8NA - 2 views - 12 days ago

HMO
Planning
~279 m²
+14 photos

ValuationFair Value

Sold Prices£390K - £1.7M
Sold Prices/m²£4.1K/m² - £15.1K/m²

 

 

Square Metres

~279 m²
Price/m²£3.6K/m²

Value Estimate

£1,010,000

 

 

End Value (After Refurb)

£1,578,145

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£250,000

Stamp Duty & Legal Fees

£92,450

Refurb Costs

£132,600

Bridging Loan Interest

£26,250

Total Cash In

£503,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,578,145

Agent Fees (1%)

£15,781

Bridging Loan

£750,000

Bridging Loan Interest

£26,250

Flip Profit

£309,313

Local Sold Prices

50 sold prices from £390K to £1.7M, average is £710K. £4.1K/m² to £15.1K/m², average is £5.8K/m².

PriceDateDistanceAddressBeds 
£830K07/230.04 mi15, South Woodlands, Brighton, Brighton And Hove BN1 8WU4
£850K02/230.04 mi17, South Woodlands, Brighton, Brighton And Hove BN1 8WU4
£700K06/210.07 mi15, South Woodlands, Brighton, Brighton And Hove BN1 8WU4
£650K08/230.08 mi1, Overhill Gardens, Brighton, Brighton And Hove BN1 8ND4
£500K03/210.08 mi58, Overhill Gardens, Brighton, Brighton And Hove BN1 8ND4
£600K12/220.14 mi3, The Close, Brighton, Brighton And Hove BN1 8XF4
£667.6K06/210.19 mi69, Old Mill Close, Brighton, Brighton And Hove BN1 8WE4
£630K03/210.25 mi38, Overhill Drive, Brighton, Brighton And Hove BN1 8WH4
£742.5K10/210.26 mi6, Patcham Grange, Brighton, Brighton And Hove BN1 8UR4
£1.3M03/210.26 mi78, Peacock Lane, Brighton, Brighton And Hove BN1 6WA4
£1.0M08/230.26 mi8, Peacock Lane, Brighton, Brighton And Hove BN1 6WA4
£1.4M12/220.27 mi51a, Surrenden Crescent, Brighton, Brighton And Hove BN1 6WE4
£550K10/210.27 mi71, Eldred Avenue, Brighton, Brighton And Hove BN1 5EF4
£1.5M07/230.28 mi68, Surrenden Crescent, Brighton, Brighton And Hove BN1 6WF4
£700K03/210.28 mi4a, Croft Road, Brighton, Brighton And Hove BN1 5JJ4
£1.2M01/230.28 mi40, Surrenden Crescent, Brighton, Brighton And Hove BN1 6WF4
£687.5K06/230.28 mi51, Brangwyn Drive, Brighton, Brighton And Hove BN1 8XB4
£690K03/210.28 mi63, Brangwyn Drive, Brighton, Brighton And Hove BN1 8XB4
£775K08/210.3 mi38, Brangwyn Drive, Brighton, Brighton And Hove BN1 8XD4
£1.0M06/210.3 mi59, Withdean Crescent, Brighton, Brighton And Hove BN1 6WG4
£650K06/210.31 mi5, Copse Hill, Brighton, Brighton And Hove BN1 5GA4
£610K02/210.31 mi43, Copse Hill, Brighton, Brighton And Hove BN1 5GA4
£590K12/200.31 mi3, Copse Hill, Brighton, Brighton And Hove BN1 5GA4
£560K08/210.31 mi14, Brangwyn Avenue, Brighton, Brighton And Hove BN1 8XG4
£740K03/230.31 mi5, Downside, Brighton, Brighton And Hove BN1 5EQ4
£790K11/200.32 mi26, Colebrook Road, Brighton, Brighton And Hove BN1 5JH4
£810K12/220.33 mi96, Carden Avenue, Brighton, Brighton And Hove BN1 8NE4
£850K06/210.33 mi4, Old Court Close, Brighton, Brighton And Hove BN1 8HF4
£760K03/210.33 mi9, Old Court Close, Brighton, Brighton And Hove BN1 8HF4
£1.7M11/220.33 mi48, Surrenden Crescent, Brighton, Brighton And Hove BN1 6WF4
£678K08/230.35 mi33, Graham Avenue, Brighton, Brighton And Hove BN1 8HB4
£720K05/230.36 mi19, Hillbrow Road, Brighton, Brighton And Hove BN1 5JP4
£630K04/210.36 mi97, Eldred Avenue, Brighton, Brighton And Hove BN1 5EL4
£830K06/230.38 mi18, Braybon Avenue, Brighton, Brighton And Hove BN1 8EA4
£925K07/230.39 mi23, Withdean Court Avenue, Brighton, Brighton And Hove BN1 6YF4
£700K01/210.4 mi8, Valley Drive, Brighton, Brighton And Hove BN1 5FA4
£677K10/230.41 mi35, Braybon Avenue, Brighton, Brighton And Hove BN1 8HH4
£577.5K04/210.41 mi27, Braybon Avenue, Brighton, Brighton And Hove BN1 8HH4
£1.2M10/230.42 mi106, Surrenden Road, Brighton, Brighton And Hove BN1 6WB4
£945K01/230.43 mi3, Overhill Way, Patcham, Brighton, Brighton And Hove BN1 8WP4
£885K06/210.44 mi1, Old London Road, Brighton, Brighton And Hove BN1 8XR4
£645K06/210.44 mi3, Walnut Close, Brighton, Brighton And Hove BN1 6RW4
£835K02/230.44 mi1a, Surrenden Close, Brighton, Brighton And Hove BN1 8EB4
£525K11/220.44 mi8, Fernwood Rise, Brighton, Brighton And Hove BN1 5EP4
£590K03/210.44 mi16, Fernwood Rise, Brighton, Brighton And Hove BN1 5EP4
£842K02/210.45 mi16, Brangwyn Crescent, Brighton, Brighton And Hove BN1 8XJ4
£560K08/230.46 mi25, Woodbourne Avenue, Brighton, Brighton And Hove BN1 8EQ4
£390K01/210.46 mi7, Woodbourne Avenue, Brighton, Brighton And Hove BN1 8EQ4
£820K10/230.47 mi75, Redhill Drive, Brighton, Brighton And Hove BN1 5FL4
£587.5K05/210.47 mi25, Beechwood Close, Brighton, Brighton And Hove BN1 8EP4

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

2.33 miles away

Nearest school

0.40 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £1,000,000

March 5, 2025

Floor Plans

Description

  • Guide Price £1m - £1.1M +
  • Detached Family Home +
  • In Fantastic Decorative Order +
  • Off Street Parking +
  • Potential To Extend Further +
  • No On Going Chain +
  • Investment Opportunity +
  • Subject To Planning Offers Considered +

Guide Price £1,000,000 - £1,100,000

This large detached home offers buyers a variety of opportunities, currently arranged as 9 bedroom licensed HMO but would make a fantastic family home or investment opportunity.

On the ground floor are five double bedrooms, two with en-suite, a spacious living area with modern open plan kitchen, contemporary shower room and access to the private south facing garden.

The first floor consists of four more bedrooms, three with ensuite shower rooms and a large bathroom. There is also access to roof terrace and large attic space.

This property is in good decorative order throughout and offers scope for further extension with plans approved in 2018 to add three further e-suite double rooms.

The property is currently let to working professionals producing an income of circa £75,000 per annum.

There is ample parking at the front of the property for up to 6 cars.

Property | Detached
Tenure | Freehold
Bedrooms | Nine
Baths | Seven
Outside | Rear garden
Parking | Off-street

Located in the ever popular Patcham within the catchment area for good local schools, local shops can be found in Mackie Avenue as well as regular bus services providing transport links to the city centre, seafront and beyond.
The home is also convenient for the A23/27 providing east access both into and out of Brighton.
Preston Park mainline rail services are within walking distance, servicing London Bridge/Victoria and Gatwick Airport.

Broadband & Mobile Phone Coverage; Prospective buyers should check the Ofcom Checker website
Planning Permissions; Please check the local authority website for any planning permissions that may affect this property or properties close by.

Note: The information provided about this property does not constitute or form any part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. References to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

Agent Details

HW Estate Agents, Hove

01273 109834

Next Steps?

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