Lextons Auctions says ..

Property Oracle says ..

This three-bedroom, two-bathroom terraced house in Brighton’s Hanover and Elm Grove area presents a mixed opportunity. The property’s location is a definite plus, with its proximity to well-regarded primary schools (St Martin’s Cofe Primary School, Fairlight Primary School, and Elm Grove Primary School), and relatively easy access to Brighton’s city centre, featuring excellent shopping, cultural amenities, and transportation links (several train stations are within a reasonable distance). The area has a bustling and vibrant atmosphere. However, the house itself is in significant need of renovation. The photographs reveal outdated interiors, worn carpets, and some visible damage requiring repair or replacement. Furthermore, while a garden is present, it is presently overgrown and needs extensive landscaping to become usable. The lack of precise plot size in the listing makes it difficult to accurately assess the true value per square foot. The asking price of £400,000 requires careful consideration of the substantial renovation costs that will inevitably be incurred. Comparing it to similar properties in the area, it may be necessary to negotiate a more appropriate price, considering the condition and the required investment before achieving a desirable level of habitable living space. Ultimately, this property is suitable for a buyer with considerable renovation experience, or those seeking a refurbishment project with potential for future returns, but a keen awareness of the refurbishment costs associated is essential.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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