2-bedroom house · BN41 1GN
Sold STCListed 77 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD PRIOR TO AUCTION Auction Guide £190,000 to £200,000 2 bedroom first floor flat with remainder of 999 year lease and SHARE OF FREEHOLD offered for sale with full and immediate vacant possession and no onward chain.
The flat is in modern condition throughout with gas central heating complimenting the accommodation which occupies the entire first floor.
Worthy of particular mention is the square bay fronted lounge and kitchen which offers spacious versatile open plan living.
Considered ideal as a buy to let investment, Airbnb or first time purchase, internal inspection is highly recommended.
Situated within this highly popular location just off Boundary Road with its bars, shops, restaurants and coffee shops as well as Portslade Mainline Railway Station.
The seafront is within a very short walk whilst buss services accessing all parts of Brighton & Hove pass close by.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
Area
Agent & docs
FAQ
About Norway Street, Portslade
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