Your Move says ..

Property Oracle says ..

This property, located on Grand Parade in Brighton, is a five-floor building currently operating as a House of Multiple Occupancy (HMO). The listing highlights its central Brighton location, close to Brighton station and various amenities. The property has eight bedrooms and a significant amount of space. However, the photos reveal a mixed condition, with some areas appearing well-maintained and others in need of updating and modernisation. The kitchens and bathrooms, in particular, exhibit some wear and tear and are quite dated, requiring refurbishment. There’s a visible lack of significant outdoor space. The absence of specific square footage information makes it difficult to determine the price per square foot for comparison with nearby listings. The price of £850,000 is relatively high considering the condition of the property. A potential buyer should factor in the cost of renovations. The potential return on investment depends on the future market rate for HMOs in Brighton. The investment potential should be carefully considered along with the cost of refurbishment and potential issues related to the age and condition of the building. Given the location, there is potential here but extensive work is required to bring the property up to modern standards. The listing highlights its potential as a substantial HMO, but potential investors should conduct their own thorough inspection and analysis before proceeding with any purchase.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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