Luther Mews, Brighton, East Sussex
LE

Luther Mews, Brighton, East Sussex

By Leaders Sales

£ 250,000

Reviews

3 out of 5 stars

Leaders Sales says ..

*** PART BUY PART RENT *** £250,000 is for a 50% share purchase, the full property price is £500,000. The minimum CASH DEPOSIT you will need is £100,000. Turn any freehold property into part buy - part rent with Leaders Estate Agents and 'Your Home'. You si...

Property Oracle says ..

This property in Luther Mews, Brighton offers a two-bedroom, two-bathroom home with a small patio garden. The interior appears modern and well-maintained, though some minor cosmetic upgrades might enhance its appeal. The location is advantageous, with good access to local schools (several rated ‘Good’ or ‘Outstanding’ are nearby), and transport links to Brighton city centre. The listing, however, presents a unique situation as it is a part-buy, part-rent scheme, where £250,000 secures a 50% share, with the full market value being £500,000. This requires careful consideration from potential buyers, as it involves a significant upfront investment and ongoing rent payments. While the price for a 50% share seems reasonable in comparison to other properties in the area, potential buyers should thoroughly understand the implications of the part-buy, part-rent structure before making a decision. The lack of precise square footage data for the property itself, and the limited size of the garden, are factors to consider. A full structural survey is highly recommended before purchase.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
2
Bathrooms
2
Sqft (est)
649.06

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
485,964.00 £
Increased by 6.04 %
from 458,278.00 £
Est sale value
393,979.42 £
Increased by 26.20 %
from 312,197.86 £
Average area rental value
2,153.00 £/mo
Increased by 8.63 %
from 1,982.00 £/mo
Est letting value
1,298.12 £/mo
Unchanged by 0.00 %
from 1,298.12 £/mo
Est rental Yield
5.32 %
Increased by 2.50 %
from 5.19 %
Crime Rate
2.00 %
Unchanged by 0.00 %
from 2.00 %

Agent Activity

  • Leaders Sales created the listing.

Nearby Schools

NameTypeOfstedDistance
Elm Grove Primary SchoolCommunity SchoolGood0.43 KM
St Luke'S Primary SchoolCommunity SchoolOutstanding0.51 KM
Fairlight Primary SchoolCommunity SchoolGood0.57 KM
St Martin'S Cofe Primary SchoolVoluntary Aided SchoolGood0.64 KM
Royal Spa Nursery SchoolLocal Authority Nursery SchoolOutstanding0.77 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Saint Luke's Road £ 825,00000.00 KM
Carn Court £ 282,50000.00 KM
Saint Luke's Terrace £ 000.00 KM
Park View £ 975,00000.00 KM
St Martin's Place £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
London Road (Brighton)5281LRB1.48 KM
Brighton5268BTN1.80 KM
Moulsecoomb5312MCB1.99 KM
Preston Park5285PRP3.79 KM
Hove5273HOV5.09 KM

Nearby Listings

AddressPriceTypeScoreDistance
Luther Mews, Brighton, East Sussex £ 500,000BUY5 / 100.00 KM
Luther Street, Hanover, Brighton BN2 9XA £ 435,000BUY7 / 100.05 KM
Cobden Road, Brighton, BN2 9TJ £ 500,000BUY6 / 100.06 KM
Cobden Road, Brighton, BN2 £ 475,000BUY6 / 100.07 KM
Luther Street, Brighton, BN2 £ 425,000BUY6 / 100.07 KM

Nearby Properties

AddressPriceDistance
1 Luther Mews £ 225,0000.01 KM
2 Luther Mews £ 272,0000.01 KM
3 Luther Mews £ 238,0000.01 KM
7 Luther Mews £ 273,0000.01 KM
5 Luther Mews £ 370,0000.01 KM