Flat 2 (Ground and First Floor Flat), 8 Pevensey Road, Brighton, BN2 3AG

Description

Leasehold maisonette, comprising living room, kitchen, 2 bedrooms and bathroom, set over the ground and first floors. There are approximately 58 years remaining on the lease.

Accommodation

Living room - 3.72 x 3.57 m; Kitchen - 3.47 x 3.02 m; Bathroom - 2.81 x 1.93 m; WC - 1.35 x 0.70 m; Bedroom 1 - 4.14 x 3.44 m; Bedroom 2 - 3.50 x 3.08 m; Total Floor Area - 69 sq.m. (taken from EPC)

Location

Located within immediate proximity of local amenities in Lewes Road and walking distance of Brighton seafront and city centre. Brighton mainline railway station is 1.5 miles from the property (London Victoria 62 minutes). Location Pin (What3Words): tree.yarn.emerge.

Tenure / Property Information

Investment Analysis

The supplied comparables are same-road leasehold sales from 2011–2016 and do not establish a current GDV. The approximately 58-year lease is a material valuation and mortgageability risk. No current valuation, rental evidence or condition information is supplied.

Investment Snapshot

Strategy Recommendation

Proceed only after an independent current valuation, lease/legal review, condition inspection and rental assessment. Do not rely on the guide price as evidence of value.

Works Required

No physical defects or refurbishment requirements are evidenced. Obtain a survey, inspect the property and review the legal pack before budgeting works. Investigate lease-extension requirements.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be reliably assessed because current GDV, rent, refurbishment cost and refinance terms are unsupported. The short remaining lease may restrict refinance options and should be investigated before bidding.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is provided, so rent and yield cannot be established. The property is vacant and has approximately 58 years remaining on the lease. At the £150,000 guide, stated buyer premium and minimum administration charge total £3,310 before disbursements, finance and any works.

Flip Analysis

A flip surplus cannot be calculated because there is no current GDV, works budget or supported selling-cost allowance. The dated same-road comparables are insufficient for a current resale valuation.

Investor Risks & Due Diligence

• Approximately 58 years remaining on the lease may affect value, lending and resale.

• No current comparable sales or formal GDV evidence is supplied.

• No sufficiently specific rental evidence is available, preventing yield analysis.

• Property condition and refurbishment requirements are not evidenced.

• Disbursements and other legal or seller costs may be payable under the legal pack.

Recommendation

Proceed only after an independent current valuation, lease/legal review, condition inspection and rental assessment. Do not rely on the guide price as evidence of value.

Strategy Rating

Analysis Confidence

Property details, tenure, fees and dated same-road sales are supplied, but current valuation, rental evidence, condition, works costs and selling costs are absent.