24 Kimberley Road, Brighton, BN2 4EP

Description

Vacant 2 x Bedroom House. Freehold mid terrace house comprising, an open plan living room, kitchen, bathroom and utility room on the ground floor. To the first floor are 2 x bedrooms, dressing room and a ensuite shower room. The property has the benefit of a private rear garden.

Accommodation

Living Room - 6.9 x 3.9; Kitchen - 2.9 x 1.8; Bathroom - 1.8 x 1.3; Bedroom 1 - 3.9 x 2.9; Bedroom 2 - 3.5 x 2.9; Dressing Room - 2.5 x 1.8; Ensuite - 1.8 x 1.5; Total Floor Area - 81 sq.m (taken from the EPC).

Location

The property is located to the west side of Saunders Park. There are a wide range of shops, cafes, bars and other amenities close by, in Lewes Road to the west of the property. Brighton mainline station is less than 2 miles from the property, (London Victoria 62 mins). Location Pin: stack.nasal.sings. https://w3w.co/stack.nasal.sings

Tenure / Property Information

Investment Analysis

Completed sales on the same road range from £365,000 to £496,000. A base GDV of £400,000 is supported by the £400,000 sales at numbers 22 and 26, with £365,000 and £496,000 used as low and high scenarios. Condition differences are unknown.

Investment Snapshot

Strategy Recommendation

Potential BTL or BRRR opportunity subject to a full refurbishment survey, firm contractor pricing and legal-pack review. Do not bid solely on the guide price.

Works Required

Refurbishment is required, but the supplied evidence does not identify specific defects or provide a works specification. Inspect and price all required internal, kitchen, bathroom, utility, decoration, services and garden works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance against the £400,000 base GDV would be approximately £300,000. Cash left in cannot be calculated because refurbishment costs, legal costs, disbursements and finance costs are unsupported.

Buy-to-Let Analysis

At the £275,000 guide, advertised rents of £1,450–£1,700 pcm imply gross yields of approximately 6.33%–7.42% before refurbishment, finance, management, maintenance, tax and purchase costs. Rents are asking figures, not achieved rents.

Flip Analysis

The base GDV is estimated at £400,000, but refurbishment costs and selling costs are unavailable. A reliable flip surplus and maximum bid cannot therefore be established.

Investor Risks & Due Diligence

• Unknown refurbishment scope and cost

• Advertised rents may not be achieved

• Comparable sale condition and specification are unknown

• Administration fee, legal fees, disbursements and other special-condition charges may apply

• Vacant property requires inspection and completion checks

Recommendation

Potential BTL or BRRR opportunity subject to a full refurbishment survey, firm contractor pricing and legal-pack review. Do not bid solely on the guide price.

Strategy Rating

Analysis Confidence

Same-road completed sales and advertised rental evidence are available, but refurbishment costs, property condition, achieved rent, selling costs and full purchase costs are not.