2-bedroom flat · BN1 6TD
Sold STCListed 6 days
Opportunity summary
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About
** Guide Price £325,000 - £350,000 ** A spacious 2 bedroom 3rd floor purpose built flat forming part of the sought after Varndean Park Estate.
The property is situated in this favoured residential area and enjoys a bright south facing aspect with a lovely lounge with good size balcony and with views overlooking the communal gardens.
The accommodation comprises: Entrance hall, lounge/dining room with good size south facing balcony, fitted kitchen, 2 double bedrooms, family bathroom, and additional shower room/wc.
Outside there are large communal landscaped gardens around the block, allocated car parking space, use of the private residents communal swimming pool.
The property also further benefits from a security entryphone system and double glazed windows.
* * no onward chain * * Location The Varndean Park Estate, set in its own grounds just off Varndean road forming part of the highly sought after Surrenden location.
Local shopping facilities are available in Preston Drove, Patcham Village and at Fiveways and the popular Balfour/Dorothy Stringer/Varndean schools campus is within easy walking distance.
Preston Park and Blakers Park are within easy reach with their recreational facilities.
Preston Park mainline station is close to hand providing a commuter service to Gatwick and London, and local bus services are close to hand providing easy access to Brighton city centre and seafront.
Accommodation All measurements are approximate. Communal Entrance Hallway With security entryphone system. Lift services available to the third floor. Third Floor Entrance Hallway Radiator.
Wall mounted heating thermostat. Fitted airing cupboard with water cylinder and slatted shelving.
Lounge/Dining Room (6.81m x 3.28m (22'4 x 10'9)) Double glazed sliding patio doors overlooking and leading to the balcony. Two radiators. Coved ceiling and additional wall mounted heater.
Balcony A lovely south facing balcony with patio flooring, walling and safety balustrade.
Kitchen (3.38m x 2.36m (11'1 x 7'9)) A fitted kitchen with a range of wall and base units with worktop surface over. Inset stainless steel sink and drainer unit with mixer tap.
Inset 4 ring ceramic hob with fitted oven below and cooker hood over. Appliance space for fridge/freezer. Space and plumbing for washing machine. Tiled splashbacks.
Radiator and double glazed window overlooking the side. Bedroom 1 (4.80m x 3.40m (15'9 x 11'2)) Double glazed window overlooking the rear. Radiator.
Fitted wardrobe cupboards with hanging rail and storage over. Additional wall mounted heater. Bedroom 2 (3.38m x 2.44m (11'1 x 8'0)) Double glazed window overlooking the rear and radiator.
Family Bathroom (2.18m x 2.06m (7'2 x 6'9)) 4 piece suite comprising a corner bath with mixer tap, low level W/C, pedestal wash basin and a bidet with mixer tap. Wall light point.
Part tiled walls, large wall mounted mirror and radiator. Shower Room/Wc 3 piece suite to comprise a tiled shower cubicle with wall mounted shower fitment. Wall mounted wash basin and low level W/C.
Tiled splashbacks. Wall mounted shaver point and radiator. Outside Communal Gardens Landscaped gardens and grounds around the block. Many mature trees and shrubs. Use of communal heated swimming pool.
Car Parking Space No.18 Private car parking space No.18 situated at the rear of the block. Communal Swimming Pool Use of residents outdoor heated swimming pool.
Information EPC information Full Energy Performance Certificate available on request appliances and services: The appliances and services mentioned have not been tested therefore we are unable to verify that they are in working order.
The buyer is advised to obtain verification from their solicitor or surveyor. Tenure: We understand from our client that the property is share of freehold with 946 years remaining on the lease.
Maintenance: £2,589.29 per half year ground rent: Nil thinking of selling? For a Free Current Market Appraisal please contact us.
Viewing: Strictly by appointment only through David & Co 132a Preston Drove, Brighton, BN1 6FJ.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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