2 Bed Flat, Refurb/BRRR, Brighton, BN1 2FQ, £300,000

St. Margarets Place, Brighton, East Sussex, BN1 2FQ - 3 views - 9 days ago

Leasehold
Refurb/BRRR
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£199.5K - £1.1M
Sold Prices/m²£3.1K/m² - £15.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£309,000
BMV3%

 

 

End Value (After Refurb)

£478,279

Uplift in Value

+59%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£32,371

Bridging Loan Interest

£7,875

Total Cash In

£135,696

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£478,279

Agent Fees (1%)

£4,783

Bridging Loan

£225,000

Bridging Loan Interest

£7,875

Flip Profit

£112,800

Local Sold Prices

47 sold prices from £199.5K to £1.1M, average is £375K. £3.1K/m² to £15.2K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£261.5K06/230.22 miLower Ground Floor Flat, 28, Oriental Place, Brighton, Brighton And Hove BN1 2LL2
£365K06/210.24 miFlat 13, Sillwood Hall, Montpelier Road, Brighton, Brighton And Hove BN1 2LQ2
£199.5K09/230.28 miGround Floor Flat, 6, Bedford Place, Brighton, Brighton And Hove BN1 2PT2
£450K01/230.3 mi5, Montpelier Terrace, Brighton, Brighton And Hove BN1 3DF2
£440K02/230.31 mi28b - 28d, Norfolk Square, Brighton, Brighton And Hove BN1 2PD2
£340K03/230.31 miFlat 20, St Nicholas Lodge, Church Street, Brighton, Brighton And Hove BN1 3LJ2
£375K06/210.37 miGround Floor Flat, 5, Leopold Road, Brighton, Brighton And Hove BN1 3RD2
£384K03/210.37 miFirst Floor Flat, 5, Leopold Road, Brighton, Brighton And Hove BN1 3RD2
£270K12/200.38 mi24d, York Road, Hove, Brighton And Hove BN3 1DL2
£367K05/230.4 mi15a, York Road, Hove, Brighton And Hove BN3 1DJ2
£380K02/210.41 miFlat 3, Cawthorne House, Dyke Road, Brighton, Brighton And Hove BN1 3GZ2
£305K06/210.43 mi6, Brunswick Road, Hove, Brighton And Hove BN3 1DG2
£450K10/230.45 mi55, Frederick Street, Brighton, Brighton And Hove BN1 4TA2
£360K03/210.47 mi68a, Buckingham Road, Brighton, Brighton And Hove BN1 3RJ2
£323.5K07/210.48 miUpper Maisonette, 19, Buckingham Street, Brighton, Brighton And Hove BN1 3LT2
£365K01/210.51 miSecond Floor Flat, 2, Vernon Terrace, Brighton, Brighton And Hove BN1 3JG2
£277K11/230.52 mi72, Brunswick Place, Hove, Brighton And Hove BN3 1NB2
£640K04/210.55 miFlat 35, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£460K06/210.55 miFlat 27, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£450K10/230.55 miFlat 56, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£415K11/210.55 miFlat 24, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£475K04/230.55 miFlat 75, Argus Lofts, Robert Street, Brighton, Brighton And Hove BN1 4AY2
£275K12/200.55 miSecond Floor Flat, 6, Lansdowne Place, Hove, Brighton And Hove BN3 1HG2
£235K06/210.56 miFirst Floor Flat, 1, Farm Road, Hove, East Sussex BN3 1FB2
£345K11/200.57 miLower Ground Floor Flat, 61, Buckingham Road, Brighton, Brighton And Hove BN1 3RQ2
£790K06/210.6 miGround Floor Flat, 35, Brunswick Terrace, Hove, Brighton And Hove BN3 1HA2
£745K07/230.6 miGround Floor Flat, 35, Brunswick Terrace, Hove, Brighton And Hove BN3 1HA2
£405K06/210.6 miFirst Floor Flat, 99, Lansdowne Place, Hove, Brighton And Hove BN3 1FN2
£411.4K05/210.62 mi31a, Holland Road, Hove, Brighton And Hove BN3 1JE2
£1.1M06/210.68 mi58, Davigdor Road, Hove, Brighton And Hove BN3 1RB2
£322K12/200.72 miFlat 14b, St Ann's Court, Nizells Avenue, Hove, Brighton And Hove BN3 1PR2
£411K09/210.74 miFirst And Second Floor Maisonette, 22, Prestonville Road, Brighton, Brighton And Hove BN1 3TL2
£595K07/210.8 mi28, Stroudley Road, Brighton, Brighton And Hove BN1 4BH2
£377K05/210.83 miSecond Floor Flat, 23, Selborne Road, Hove, Brighton And Hove BN3 3AJ2
£300K09/230.83 miBasement Flat, 25, Selborne Road, Hove, Brighton And Hove BN3 3AJ2
£415K05/230.84 mi32, Selborne Road, Hove, Brighton And Hove BN3 3AH2
£462K06/230.84 mi60b, Lyndhurst Road, Hove, Brighton And Hove BN3 6FB2
£331K11/210.85 miGround Floor Flat, 15, Richmond Terrace, Brighton, Brighton And Hove BN2 9SA2
£320K11/200.88 mi110a, Albion Hill, Brighton, East Sussex BN2 9PA2
£450K01/230.89 mi40, Campbell Road, Brighton, Brighton And Hove BN1 4QD2
£335K12/200.93 mi70a, Richmond Street, Brighton, Brighton And Hove BN2 9PE2
£718.9K04/230.95 miFlat 14, Grand Avenue Mansions, Grand Avenue, Hove, Brighton And Hove BN3 2NA2
£321K01/240.95 mi103, Southover Street, Brighton, Brighton And Hove BN2 9UD2
£248.5K12/210.99 mi80b, Hanover Street, Brighton, Brighton And Hove BN2 9SS2
£412.5K03/211 miUpper Maisonette, 57, Shaftesbury Road, Brighton, Brighton And Hove BN1 4NF2
£295K07/231 miFlat 61, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2
£290K07/231 miFlat 53, Wellend Villas, Springfield Road, Brighton, Brighton And Hove BN1 6BT2

Local Rents

50 rents from £1.1K/mo to £3.2K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£2,00012/240 mi-2
£1,99003/250 mi-2
£1,80002/250 mi-2
£1,80012/240.01 miSussex Heights2
£1,70012/240.03 miClose to Churchill Square2
£1,35012/240.04 miRegency Square, BRIGHTON2
£2,30012/240.06 miRussell Square, Brighton2
£1,90012/240.07 mi-2
£2,00012/240.07 miKings Road, Brighton, BN12
£1,85012/240.08 miRussell square, Brighton2
£1,60012/240.08 miRussell Mews, BRIGHTON2
£1,65012/240.08 miRussell Square, City Centre, Brighton, BN12
£1,90012/240.09 miRussell Mews, Brighton2
£2,30012/240.09 miRussell Mews, Brighton2
£2,00012/240.09 miRussell Mews, Brighton2
£1,90012/240.09 miRussell Mews, Brighton2
£1,80012/240.09 miChartwell Court, Russell Square, Brighton2
£1,65012/240.09 miChartwell Court, Brighton 2
£2,25012/240.09 miClarence square, Brighton2
£1,70001/250.09 mi-2
£1,80012/240.1 miRegency Square, Brighton, BN12
£1,80003/240.1 mi-2
£2,15012/240.12 mi-2
£1,85012/240.12 miClarence Square, Brighton2
£1,55012/240.12 miCastle Street, BRIGHTON2
£2,35012/240.12 miClarence square, Brighton2
£1,35003/250.13 mi-2
£2,25012/240.13 miClarence square, Brighton2
£2,65002/250.13 mi-2
£1,50012/240.13 mi-2
£1,10002/250.14 mi-2
£1,30003/250.14 mi-2
£1,85003/250.14 mi-2
£2,99503/240.14 mi-2
£3,20002/240.14 mi-2
£2,15012/240.14 mi-2
£2,15001/250.14 mi-2
£3,10003/240.14 mi-2
£1,15012/240.15 miPreston Street, BRIGHTON2
£1,49512/240.16 miSillwood Street, Brighton2
£1,50012/240.16 miCavendish Place, Brighton2
£1,35012/240.16 miCavendish Place, Brighton, BN1 2HS2
£1,42512/240.16 miCavendish Place, BN12
£1,72512/240.16 miSillwood Street, Brighton, BN12
£2,59812/240.16 miKings Road, Brighton, BN12
£2,44512/240.16 mi-2
£2,22912/240.16 mi-2
£1,80012/240.16 miWestern Road, Brighton, BN12
£2,40002/240.16 mi-2
£2,15002/240.16 mi-2

Local Area Statistics

Population in BN1

84,021

Population in Brighton

208,224

Town centre distance

2.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £300,000

March 6, 2025

Floor Plans

Description

  • Chain Free +
  • Long Lease +
  • Over 900 Square Feet +
  • In Need of Modernisation +
  • Outstanding Views +
  • Balcony +
  • Excellent Central Location +
  • Walking Distance to the Beach and Amenities +
  • Secure Entry System +
  • Potential Yield of 7.2% +

Chain-free and full of potential, this 7th floor apartment in the heart of Brighton offers a unique opportunity for buyers looking to add their own touch. With an enclosed balcony, a spacious living room, and a separate kitchen, this property boasts over 900 sq. ft of living space, including 2 double bedrooms.

Situated in a central location, residents will enjoy easy access to all that Brighton has to offer. From trendy shops and cafes to beautiful parks and beaches, this vibrant city ensures there is always something to see and do nearby.

Although in need of modernisation, this property presents a blank canvas for those seeking to create their dream home. Don't miss out on the chance to make this apartment your own – book a viewing today and see the potential for yourself.

Sales Disclaimer:

‘’These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.’’

Successful buyers will be required to complete online identity checks provided by Lifetime Legal. The cost of these checks is £80 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge verifies your identity in line with our obligations as agreed with HMRC and includes mover protection.

Agent Details

Leaders Sales, Western Road

01273 021368

Next Steps?

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