283 Bear Road, Brighton, BN2 4DD

Description

Vacant 2 x Bedroom Terraced House. Freehold 2 x bedroom mid terraced house comprising; living/dining room, kitchen and bathroom. On the first floor are 2 x bedrooms. The property also benefits from a private rear garden.

Accommodation

Living Room - 3.3 x 3; Dining Room - 4.3 x 3; Kitchen - 2.6 x 2.4; Bathroom - 2.4 x 1.3; Bedroom 1 - 4.4 x 3.2; Bedroom 2 - 3.4 x 3; Total Floor Area - 68 sq.m, (TAKEN FROM THE EPC)

Location

Located in a popular residential area just off Lewes Road, convenient for schools and local amenities including shops, cafes and supermarkets. Within easy walking distance of Brighton town centre and seafront, Universities and mainline station, (London Victoria 60 minutes). Location Pin: crowd.modern./tracks; https://w3w.co/crowd.modern.tracks

Tenure / Property Information

Investment Analysis

Same-road completed sales range from £280,000 to £387,000, with a median of £327,550. As sizes and condition are not supplied, this is an indicative comparable-based range only, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potentially suitable for BTL or BRRR at the guide, subject to inspection, achievable rent confirmation and legal-pack review. Do not rely on the indicative equity without verified condition and costs.

Works Required

No specific works are evidenced. Allowance excludes refurbishment, repairs and any legal-pack disbursements pending inspection and review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £327,550 comparable-based base GDV, 75% refinance is approximately £245,663. Against the guide plus the known administration fee, indicative cash left in is approximately £6,838 before refurbishment, finance, tax and other costs. No refurbishment allowance is supported by the evidence.

Buy-to-Let Analysis

At the £250,000 guide, the single advertised £1,700 pcm asking rent implies approximately 8.16% gross yield. Including the known £2,500 administration fee, yield is approximately 8.08%. This is based on advertised asking rent, not achieved rent, and excludes finance, tax, maintenance and other costs.

Flip Analysis

The comparable-based GDV range is £280,000–£387,000, with a £327,550 base case. At guide plus the known administration fee, the base gross spread before works, selling costs, finance and tax is £75,050. Net flip surplus cannot be established because works and selling costs are unsupported.

Investor Risks & Due Diligence

• Property condition and required works are not supplied.

• Comparable prices vary materially and comparable sizes and condition are unknown.

• The £1,700 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Legal-pack disbursements may be payable but are not provided.

• Finance, tax, maintenance, insurance and selling costs are excluded.

Recommendation

Potentially suitable for BTL or BRRR at the guide, subject to inspection, achievable rent confirmation and legal-pack review. Do not rely on the indicative equity without verified condition and costs.

Strategy Rating

Analysis Confidence

Includes several same-road completed sales and one rental asking listing, but lacks condition, comparable floor areas, achieved rent, refurbishment costs, selling costs and legal-pack disbursements.