For sale Flat

South Street

Portslade Village, BN41 2AQ

2 beds 1 baths Listed 28 Jun 2025 (-347d)

£350,000

Reduced on 24 Mar 2026

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# 2 bedroom apartment for sale (BN41 2AQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | South Street, Portslade Village, BN41 2AQ |
| Price | £350,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £375,000 |

## Description

Located on the fifth floor, the property was completed in 2023. This apartment has particularly high ceilings throughout, giving a feeling of space. There is engineered oak flooring with underfloor heating throughout, a contemporary fitted kitchen with handleless units and Bosch appliances.  As part of the complex, there is office space and a new gym ( subscription required).

**Communal Entrance** - via security entryphone, lift and stairs to the fifth floor, front door to

**Entrance Hall** - built in cupboard housing he gas fired boiler,  engineered wood flooring, underflooring heating and control, doors to

**Open Plan Living Space** - 5.69m x 5.69m (18'8 x 18'8) - engineered wood flooring, sitting area and space for dining table, underfloor heating and control, dual aspect windows with panoramic views over Portslade and the Sea, and westward views

**Kitchen Area** - Fitted with contemporary handleless units and comprising of an inset sink unit, adjacent working surfaces, base and eye level units, BOSCH INFRA RED HOB, FITTED EXTRACTOR HOOD OVERAND  BUILT IN ELECTRIC OVEN, INTEGRATED WASHING MACHINE, DISHWASHER AND FRIDGE FREEZER,

**Bedroom One** - 3.40m x 2.97m (11'2 x 9'9) - built in wardrobe with shelving and two sliding mirror doors, tv/cable tv points, telephone point, dimmer switch, underflooring heating and control, windows with westward views

**Bedroom Two** - 3.40m x 2.24m (11'2 x 7'4) - fitted wardrobe with shelving, dimmer switch, underflooring heating with control, windows with westward views,

**Bathroom** - a contemporary white suite comprising of a panelled bath with mixer taps and shower attachment and glass shower screen, wc with concealed cistern, wash hand basin, fitted mirror with inset lights, vanity shelf, ladder style heated towel rail, ceramic tiled floor, inset down lighters, extractor fan

**Parking Space** - gated permit parking with a dedicated entrance

**The Location** - in the heart of Portslade Village with local amenities close by and within just a few minutes’ drive of both the A27 and the Old Shoreham Road. Local buses provide regular services to Portslade Town centre and mainline railway station, Hove and Brighton. The Holmbush Centre and Sainsbury's West Hove store are also both within a few minutes drive

Lease: 999 years from 2023

Service Charge:  jan 24 - jun24 £1,555.89 to 30

Ground Rent:

## Property Photos

- ![flat-27-the-old-brewery-bn41 (2).jpg](/listings/photos/163921505/404831) - flat-27-the-old-brewery-bn41 (2).jpg
- ![flat-27-the-old-brewery-bn41 (10).jpg](/listings/photos/163921505/404832) - flat-27-the-old-brewery-bn41 (10).jpg
- ![flat-27-the-old-brewery-bn41 (3).jpg](/listings/photos/163921505/404833) - flat-27-the-old-brewery-bn41 (3).jpg
- ![flat-27-the-old-brewery-bn41 (1).jpg](/listings/photos/163921505/404834) - flat-27-the-old-brewery-bn41 (1).jpg
- ![flat-27-the-old-brewery-bn41 (7).jpg](/listings/photos/163921505/404835) - flat-27-the-old-brewery-bn41 (7).jpg
- ![flat-27-the-old-brewery-bn41 (4).jpg](/listings/photos/163921505/404836) - flat-27-the-old-brewery-bn41 (4).jpg
- ![flat-27-the-old-brewery-bn41 (5).jpg](/listings/photos/163921505/404837) - flat-27-the-old-brewery-bn41 (5).jpg
- ![flat-27-the-old-brewery-bn41 (6).jpg](/listings/photos/163921505/404838) - flat-27-the-old-brewery-bn41 (6).jpg
- ![flat-27-the-old-brewery-bn41 (8).jpg](/listings/photos/163921505/404839) - flat-27-the-old-brewery-bn41 (8).jpg

## Floorplans

- ![fp.jpg](/listings/photos/163921505/404840) - fp.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/163921505/404841) - EE Rating

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £375,000 | 01/01/2023 | — |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] THE BREWERY 1881, 30 FLAT 13 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £190,000 | 25/07/2024 | Flat |
| [Same street] THE BREWERY 1881, 32 FLAT 3 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £225,500 | 12/01/2024 | Flat |
| 52 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA | £265,000 | 15/12/2023 | Flat |
| [Same street] THE BREWERY 1881, 30 FLAT 23 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £347,500 | 10/11/2023 | Flat |
| [Same street] THE BREWERY 1881, 30 FLAT 18 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £230,000 | 25/05/2023 | Flat |
| 50 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA | £210,000 | 18/05/2023 | Flat |
| [Same street] THE BREWERY 1881, 30 FLAT 24 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £380,000 | 28/04/2023 | Flat |
| [Same street] THE BREWERY 1881, 32 FLAT 2 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £235,000 | 28/04/2023 | Flat |
| [Same street] THE BREWERY 1881, 30 FLAT 17 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £230,000 | 28/04/2023 | Flat |
| 58 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA | £265,000 | 28/04/2023 | Flat |
| DUDNEY COURT 47 WINDLESHAM CLOSE, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2LY | £250,000 | 01/12/2021 | Flat |
| 54 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA | £437,500 | 22/10/2021 | Flat |
| DUDNEY COURT 49 WINDLESHAM CLOSE, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2LY | £237,000 | 25/06/2021 | Flat |

**Street average:** £262,571 (7 sales)
**Area average:** £277,417 (6 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £229,500 (7 Flat, BN41, 2024–2026)
- **Deviation:** +52.5%

## Rental Range

*ONS Price Index of Private Rents (South East). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £1,273/mo
- **Realistic:** £1,414/mo
- **Optimistic:** £1,555/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Crawley & Reigate (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £1,097/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Semi-Detached House, Langridge Drive, BN41 | £1,650/mo | 2 | 0.39 miles | OpenRent |
| 2 Bed Terraced House, Tophill Close, BN41 | £1,700/mo | 2 | 0.42 miles | OpenRent |
| 2 Bed Terraced House, Thornbush Crescent, BN41 | £1,650/mo | 2 | 0.6 miles | OpenRent |
| 2 Bed Flat, Edster Court, BN41 | £1,495/mo | 2 | 0.83 miles | OpenRent |
| 2 Bed Flat, Edster Court, BN41 | £1,400/mo | 2 | 0.87 miles | OpenRent |

**Average rent: £1,579/mo (5 listings)**

## 1% Rule

- **Rent ratio:** 0.47% (weak for cashflow)
- **Max investor price (0.8%):** £206,250
- **Target investor price (1%):** £165,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,650/mo).*

- **Gross yield:** 5.7%
- **Cost-to-rent:** 17.7×
- **Monthly cashflow:** £82/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 1%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -9.1%
- **10y growth:** 21.9%

## House Price Index (HM Land Registry)

*Official index for South East; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -6.9%
- **5y growth (index):** -0.7%
- **10y growth (index):** 10.7%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

flat-27-the-old-brewery-bn41 (2).jpg flat-27-the-old-brewery-bn41 (10).jpg flat-27-the-old-brewery-bn41 (3).jpg flat-27-the-old-brewery-bn41 (1).jpg flat-27-the-old-brewery-bn41 (7).jpg flat-27-the-old-brewery-bn41 (4).jpg flat-27-the-old-brewery-bn41 (5).jpg flat-27-the-old-brewery-bn41 (6).jpg flat-27-the-old-brewery-bn41 (8).jpg

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Property details

Tenure

LEASEHOLD

Last sold

£375,000

Local average

£229,500 (+52.5%)

Street crime

285 incidents within 1 mile (Apr 2026)

Key features

Super Apartment
Two Double Bedrooms
Open Plan Living Space
Contemporary Bathroom
Gated Parking
Panoramic Views
Chain Free

Additional details

Parking: Yes

Description

This superb nearly new apartment with PANORAMIC VIEWS is part of the Old Brewery, a building full of Character, yet with contemporary internal design. TWO DOUBLE BEDROOMS, OPEN PLAN LIVING SPACE, modern bathroom, underfloor heating, stylised heritage windows, GATED PERMIT PARKING, chain free

Located on the fifth floor, the property was completed in 2023. This apartment has particularly high ceilings throughout, giving a feeling of space. There is engineered oak flooring with underfloor heating throughout, a contemporary fitted kitchen with handleless units and Bosch appliances. As part of the complex, there is office space and a new gym ( subscription required).

Communal Entrance - via security entryphone, lift and stairs to the fifth floor, front door to

Entrance Hall - built in cupboard housing he gas fired boiler, engineered wood flooring, underflooring heating and control, doors to

Open Plan Living Space - 5.69m x 5.69m (18'8 x 18'8) - engineered wood flooring, sitting area and space for dining table, underfloor heating and control, dual aspect windows with panoramic views over Portslade and the Sea, and westward views

Kitchen Area - Fitted with contemporary handleless units and comprising of an inset sink unit, adjacent working surfaces, base and eye level units, BOSCH INFRA RED HOB, FITTED EXTRACTOR HOOD OVERAND BUILT IN ELECTRIC OVEN, INTEGRATED WASHING MACHINE, DISHWASHER AND FRIDGE FREEZER,

Bedroom One - 3.40m x 2.97m (11'2 x 9'9) - built in wardrobe with shelving and two sliding mirror doors, tv/cable tv points, telephone point, dimmer switch, underflooring heating and control, windows with westward views

Bedroom Two - 3.40m x 2.24m (11'2 x 7'4) - fitted wardrobe with shelving, dimmer switch, underflooring heating with control, windows with westward views,

Bathroom - a contemporary white suite comprising of a panelled bath with mixer taps and shower attachment and glass shower screen, wc with concealed cistern, wash hand basin, fitted mirror with inset lights, vanity shelf, ladder style heated towel rail, ceramic tiled floor, inset down lighters, extractor fan

Parking Space - gated permit parking with a dedicated entrance

The Location - in the heart of Portslade Village with local amenities close by and within just a few minutes’ drive of both the A27 and the Old Shoreham Road. Local buses provide regular services to Portslade Town centre and mainline railway station, Hove and Brighton. The Holmbush Centre and Sainsbury's West Hove store are also both within a few minutes drive

Lease: 999 years from 2023

Service Charge: jan 24 - jun24 £1,555.89 to 30

Ground Rent:

Listed by

Portslade

Sinnott Green

Reference: 163921505

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
34, South Street, PORTSLADE	79	92	70 m²	—	Terraced
Flat 1, The Brewery 1881, 32 South Street, PORTSLADE	74	74	45 m²	—	Flat
Flat 10, The Brewery 1881, 32 South Street, PORTSLADE	80	80	69 m²	—	Flat
Flat 11, The Brewery 1881, 32 South Street, PORTSLADE	80	80	69 m²	—	Flat
Flat 12, The Brewery 1881, 32 South Street, PORTSLADE	76	76	76 m²	—	Flat
Flat 13, The Brewery 1881, 30 South Street, PORTSLADE	75	75	43 m²	—	Flat
Flat 14, The Brewery 1881, 30 South Street, PORTSLADE	76	76	47 m²	—	Flat
Flat 15, The Brewery 1881, 30 South Street, PORTSLADE	74	74	43 m²	—	Flat
Flat 16, The Brewery 1881, 30 South Street, PORTSLADE	76	76	43 m²	—	Flat
Flat 17, The Brewery 1881, 30 South Street, PORTSLADE	81	81	47 m²	—	Flat
Flat 18, The Brewery 1881, 30 South Street, PORTSLADE	77	77	43 m²	—	Flat
Flat 19, The Brewery 1881, 30 South Street, PORTSLADE	73	73	69 m²	—	Flat
Flat 19a, The Brewery 1881, Portslade	70	70	57 m²	England and Wales: 2012 onwards	Flat
Flat 19b, The Brewery 1881, Portslade	71	71	50 m²	England and Wales: 2012 onwards	Flat
Flat 19c, The Brewery 1881, Portslade	70	70	64 m²	England and Wales: 2012 onwards	Flat

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

fp.jpg

EPC Graphs

EE Rating

Price history

Event	Date	Price	% change
Listed for sale	—	£350,000	-6.7%
Sold	01/01/2023 (3 years ago)	£375,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
Same street THE BREWERY 1881, 30 FLAT 13 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ	£190,000	25/07/2024	Flat
Same street THE BREWERY 1881, 32 FLAT 3 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ	£225,500	12/01/2024	Flat
52 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA	£265,000	15/12/2023	Flat
Same street THE BREWERY 1881, 30 FLAT 23 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ	£347,500	10/11/2023	Flat
Same street THE BREWERY 1881, 30 FLAT 18 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ	£230,000	25/05/2023	Flat
50 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA	£210,000	18/05/2023	Flat
Same street THE BREWERY 1881, 30 FLAT 24 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ	£380,000	28/04/2023	Flat
Same street THE BREWERY 1881, 32 FLAT 2 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ	£235,000	28/04/2023	Flat
Same street THE BREWERY 1881, 30 FLAT 17 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ	£230,000	28/04/2023	Flat
58 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA	£265,000	28/04/2023	Flat
DUDNEY COURT 47 WINDLESHAM CLOSE, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2LY	£250,000	01/12/2021	Flat
54 DROVE ROAD, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2PA	£437,500	22/10/2021	Flat
DUDNEY COURT 49 WINDLESHAM CLOSE, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2LY	£237,000	25/06/2021	Flat

Street average: £262,571 (7 sales)

Area average: £277,417 (6 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -9.1%

10y growth 21.9%

House Price Index (HM Land Registry — official index, not sold-price averages): South East. Series: Flats and maisonettes. As of March 2026.

1y (index) -6.9%

5y (index) -0.7%

10y (index) 10.7%

Rental Range

Estimated market rent for South East. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,273/mo

Realistic £1,414/mo

Optimistic £1,555/mo

Based on Postcode area BN → South East.

LHA (30th percentile) floor for Crawley & Reigate: £1,097/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View BN41 2AQ

Address

High Street

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Portslade Old Village	0.0 miles
Shop	Budgens	0.3 miles
Shop	Hatton Heating & Plumbing	0.3 miles
Train station	Fishersgate	0.6 miles
Hospital	Portslade Health Centre	0.7 miles
Train station	Portslade	0.8 miles
Hospital	Nevill Hospital	1.2 miles
University	University of Brighton Phoenix Halls	4.0 miles
University	University of Brighton Moulesecoomb Campus	4.4 miles

Street-level crime

Category	Count
Anti-social behaviour	88
Violence and sexual offences	71
Shoplifting	30
Criminal damage and arson	26
Public order	19
Other theft	16
Vehicle crime	12
Other crime	8
Drugs	5
Burglary	4
Robbery	3
Bicycle theft	2
Possession of weapons	1
Total incidents	285

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Peter Gladwin Primary School	Primary	0.1 miles	Good — 18 Mar 2015
Hill Park School	Other	0.2 miles	Outstanding — 20 Jul 2022
St Nicolas CofE Primary School	Primary	0.2 miles	Good — 12 Jan 2023
Brackenbury Primary School	Primary	0.3 miles	Good — 8 May 2022
Portslade Aldridge Community Academy	Secondary	0.6 miles	Good — 9 Dec 2016

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Semi-Detached House, Langridge Drive, BN41	£1,650/mo	2	0.39 miles	OpenRent
2 Bed Terraced House, Tophill Close, BN41	£1,700/mo	2	0.42 miles	OpenRent
2 Bed Terraced House, Thornbush Crescent, BN41	£1,650/mo	2	0.6 miles	OpenRent
2 Bed Flat, Edster Court, BN41	£1,495/mo	2	0.83 miles	OpenRent
2 Bed Flat, Edster Court, BN41	£1,400/mo	2	0.87 miles	OpenRent

Average rent: £1,579/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.47%

Max investor price (0.8%) £206,250

Target investor price (1%) £165,000

Gross yield 5.7%

Cost-to-rent ratio 17.7×

Monthly cashflow £82/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 1%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

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