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The Ridgway, BN2

South East

£350,000
Listed on 06/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
725 sqft

Description

Nestled in the desirable residential area of Woodingdean, this bungalow presents a distinctive opportunity for cash buyers looking to invest or create their perfect home. Located near the scenic South Downs and just a stone's throw from Brighton city centre, it offers an ideal balance of peaceful living and urban accessibility. The property is currently configured as a two-bedroom bungalow with two reception rooms, making it a versatile space awaiting your personal touch. The exterior features a modest front garden and an expansive rear garden that holds significant potential for landscaping or expansion. Accompanied by a single garage and driveway, this property not only provides convenience but also ample room for enhancements. Given its current condition, this residence requires comprehensive renovation, serving as a blank canvas for those ready to embark on a rewarding project. With good local amenities including schools, medical facilities, and transportation links nearby, this home is perfect for those eager to modernise or completely transform their living space while benefiting from an appealing community environment.

Investment Analysis

(BN2 area)

Above Market Value

This property is priced +1.0% above area average per sq ft

+1.0%
This Property
£483/sq ft
Area Average
£478/sq ft
Avg Rent (weekly)
£582
Avg Yield
7.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£381,325
10% above area average per sq ft
Potential ROI
-13.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
72
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (BN2)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -2.5%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on BN2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Ridgway, BN2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE