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New England Rise, Portslade, Brighton

South East

£275,000
Listed on 01/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
821 sqft

Description

This two-bedroom semi-detached property is located in the tranquil area of Mile Oak, Portslade, and offers a unique opportunity for those looking to invest in a home with significant renovation potential. Currently configured as a three-bedroom layout, the home is in need of complete modernization, making it an ideal project for buyers with vision. With the possibility to extend and improve (subject to obtaining the necessary permissions), this property is being offered chain-free and on a 'sold as seen' basis. The location provides easy access to excellent local schools, transport links, and nearby amenities while allowing residents to enjoy the quietude away from the hustle of town centres. Close proximity to Mile Oak Recreation Grounds adds to its appeal for families. A carefully executed renovation could transform this property into a cozy family residence that perfectly balances convenience and comfort.

Investment Analysis

(BN41 area)

Below Market Value

This property is priced -24.3% below area average per sq ft

-24.3%
Potential saving
This Property
£335/sq ft
Area Average
£443/sq ft
Avg Rent (weekly)
£356
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£399,712
10% above area average per sq ft
Potential ROI
+15.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (BN41)

Area prices are rising by +11.1% over the last 12 months
3 year growth: -1.7%
5 year growth: +15.5%
Investment Disclaimer: Analysis based on BN41 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

New England Rise, Portslade, Brighton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£992
Based on a loan of £206,250 over 30 years at 4.06% 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.

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