82 Old Shoreham Road, Portslade, Brighton, East Sussex

Description

Vacant freehold mid terrace house with a rear garden, well located for the amenities of Southwick. GIA approximately 90.3 sq m (970 sq ft).

Accommodation

Ground floor: reception room, kitchen, further room, bathroom/WC. First floor: three bedrooms.

Location

The property is situated on the south side of Old Shoreham Road. The A23 and A27 are easily accessible. Southwick rail station is easily accessible, and Brighton station is also within easy reach to the east. Local shops and amenities are available within Southwick to the south, with the further facilities of Brighton and Hove accessible to the east. The open spaces of Southwick Green are a short walk to the south, and Brighton Beach is also a short distance to the south east.

Tenure / Property Information

Investment Analysis

The strongest evidence is 80 Old Shoreham Road, an apparently nearby terraced freehold sale at £340,000 in October 2022. Other same-road sales were £325,000 in 2019 and £250,000 in 2018. On the supplied evidence only, a base GDV of £340,000 is reasonable, with a cautious low scenario of £325,000. The sales are dated and no condition comparison or current-market evidence is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only as a value-led purchase subject to inspection, legal due diligence and a firm all-in cost assessment. Do not rely on a BTL or flip strategy until rent, condition, fees and current resale evidence are verified.

Works Required

No specific refurbishment works are supported by the supplied description. A full inspection, survey and legal review are required before any works allowance can be estimated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR case exists only if the property can be acquired materially below the evidenced GDV and does not require substantial unreported works. At a £340,000 base GDV, 75% refinance equates to £255,000, but total project cost and cash required cannot be calculated without works, fees and finance assumptions.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Operating costs, finance costs and any buyer or administration charges are also unknown.

Flip Analysis

The supplied same-road sales support a potential resale benchmark around £325,000–£340,000. However, flip profitability cannot be calculated because condition, refurbishment cost, selling costs and auction charges are not supplied. The dated evidence also creates market-value uncertainty.

Investor Risks & Due Diligence

• Same-road comparable evidence is dated, with the latest supplied sale completing in October 2022.

• Property condition and any required refurbishment are not evidenced.

• No sufficiently specific rental evidence is available, so BTL yield cannot be assessed.

• Buyer premium, administration charges and other possible fees are not quantified.

• The guide price is not a confirmed purchase price and may be exceeded at auction.

• EPC, council tax, parking and heating information are not supplied.

Recommendation

Proceed only as a value-led purchase subject to inspection, legal due diligence and a firm all-in cost assessment. Do not rely on a BTL or flip strategy until rent, condition, fees and current resale evidence are verified.

Strategy Rating

Analysis Confidence

There are several relevant same-road completed sales and a clear vacant freehold description, but the comparables are dated and there is no condition, rental, EPC, fee or refurbishment-cost evidence.