# 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

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:

## 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 17 SOUTH STREET, PORTSLADE, BRIGHTON, BRIGHTON AND HOVE, BN41 2AQ | £230,000 | 28/04/2023 | 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 |
| 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:** -10.4%
- **10y growth:** 65.8%

## 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)