The list price of £550,000 seems reasonable considering the location, but it reflects the need for significant renovation. Comparable properties in the area, whilst showing a range of prices depending on their condition, are generally higher. The need for substantial investment in updating reduces the immediate value, however, the potential for increasing the property’s value after refurbishment is substantial. Given that the average price per square foot isn’t available for comparison it is harder to make an exact assessment.

Based on the provided photos, the property appears to be in need of significant modernisation and refurbishment. While the structure seems sound, the interior finishes, fixtures, and fittings are dated and in some areas appear worn or damaged. The kitchen and bathroom require complete renovation. There are some cosmetic repairs needed throughout as well. Although it has potential, it’s not currently in excellent condition.

The property benefits from being located on St Luke’s Terrace in Queen’s Park, Brighton. This area is highly sought after due to its proximity to the outstanding St Luke’s Primary School, making it very attractive to families. The local area also offers easy access to Queen’s Park itself, providing green space and recreational opportunities. The location is also relatively close to Brighton city centre, offering a blend of residential tranquility and urban amenities. However, it’s slightly away from the very heart of Brighton’s main attractions, which might detract from some buyers.

The property includes a small rear garden. While it provides some outdoor space, it’s not particularly large. The garden appears manageable but doesn’t offer extensive space for landscaping or outdoor entertaining.