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 %
- Est sale value
- 393,979.42 £Increased by 26.20 %
- Average area rental value
- 2,153.00 £/moIncreased by 8.63 %
- Est letting value
- 1,298.12 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.32 %Increased by 2.50 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Leaders Sales created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Elm Grove Primary School | Community School | Good | 0.43 KM |
| St Luke'S Primary School | Community School | Outstanding | 0.51 KM |
| Fairlight Primary School | Community School | Good | 0.57 KM |
| St Martin'S Cofe Primary School | Voluntary Aided School | Good | 0.64 KM |
| Royal Spa Nursery School | Local Authority Nursery School | Outstanding | 0.77 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Saint Luke's Road | £ 825,000 | 0 | 0.00 KM |
| Carn Court | £ 282,500 | 0 | 0.00 KM |
| Saint Luke's Terrace | £ 0 | 0 | 0.00 KM |
| Park View | £ 975,000 | 0 | 0.00 KM |
| St Martin's Place | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| London Road (Brighton) | 5281 | LRB | 1.48 KM |
| Brighton | 5268 | BTN | 1.80 KM |
| Moulsecoomb | 5312 | MCB | 1.99 KM |
| Preston Park | 5285 | PRP | 3.79 KM |
| Hove | 5273 | HOV | 5.09 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Luther Mews, Brighton, East Sussex | £ 500,000 | BUY | 5 / 10 | 0.00 KM |
| Luther Street, Hanover, Brighton BN2 9XA | £ 435,000 | BUY | 7 / 10 | 0.05 KM |
| Cobden Road, Brighton, BN2 9TJ | £ 500,000 | BUY | 6 / 10 | 0.06 KM |
| Cobden Road, Brighton, BN2 | £ 475,000 | BUY | 6 / 10 | 0.07 KM |
| Luther Street, Brighton, BN2 | £ 425,000 | BUY | 6 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 1 Luther Mews | £ 225,000 | 0.01 KM |
| 2 Luther Mews | £ 272,000 | 0.01 KM |
| 3 Luther Mews | £ 238,000 | 0.01 KM |
| 7 Luther Mews | £ 273,000 | 0.01 KM |
| 5 Luther Mews | £ 370,000 | 0.01 KM |