Flat 59, Argus Lofts, Robert Street, Brighton, East Sussex

Description

Upon instruction of Countrywide. Leasehold fourth floor flat located on Robert Street.

Accommodation

One bedroom, reception room open plan to kitchen, shower room/wc

Location

A comprehensive range of shops, bars and restaurants can be found within Brighton. Public transport links are available at Brighton Train Station and London Road Train Station, along with local bus services. Road links include the A27 to the north and the A259 to the south east. Recreational pursuits can be found locally and along the sea front.

Tenure / Property Information

Investment Analysis

The five completed sales are within Argus Lofts and range from £265,000 to £615,000, but no comparable bedroom count, floor area, condition, date-adjustment basis or other distinguishing details are supplied. They therefore support local building-level context only, not a defensible valuation for this specific one-bedroom flat. The £130,000 guide is materially below the reported sales range, but the reason cannot be established from the evidence.

Investment Snapshot

Strategy Recommendation

Do not underwrite a bid from the supplied evidence alone. Obtain the legal pack, exact floor area and condition information, confirm ground rent and reviews, establish achievable rent and identify genuinely comparable one-bedroom sales before considering purchase.

Works Required

No refurbishment works are evidenced. Confirm condition, fixtures, services and any required leasehold or building works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable without a defensible GDV, rent, condition-based works budget and full acquisition-cost information. The long lease term is potentially supportive, but ground-rent amount and review details require confirmation because the listing contains conflicting information.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The stated £1,800 inclusive-of-VAT contract documentation fee and any applicable seller fees would also increase acquisition cost beyond the £130,000 guide.

Flip Analysis

A flip surplus cannot be calculated. Although same-building completed sales range from £265,000 to £615,000, the evidence does not identify which sale is comparable to this one-bedroom fourth-floor flat or provide a supported selling-cost allowance, works budget or GDV.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence is available, so income yield cannot be calculated.

• Same-building sold comparables lack bedroom, size and condition details and vary widely from £265,000 to £615,000.

• Ground rent is stated as £250 per annum, but the listing says to confirm the annual ground rent and review details.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Condition, maintenance requirements and any required works are not evidenced.

• Occupancy, parking and heating information is not provided.

Recommendation

Do not underwrite a bid from the supplied evidence alone. Obtain the legal pack, exact floor area and condition information, confirm ground rent and reviews, establish achievable rent and identify genuinely comparable one-bedroom sales before considering purchase.

Strategy Rating

Analysis Confidence

The address, tenure, lease length, guide price, one-bedroom accommodation and several same-building completed sales are supplied, but there is no property-specific floor area, condition, rent, GDV basis or complete fee information.