Southover Street, Brighton
LE

Southover Street, Brighton

By Lextons Auctions

£ 40,000

Reviews

2 out of 5 stars

Lextons Auctions says ..

FOR SALE BY AUCTION 26th February 2025 We are delighted to introduce a remarkable development opportunity located on Southover Street in the vibrant city of Brighton. This unique freehold property is just a short stroll from The Level, placing it in one of the most sought-after areas of ...

Property Oracle says ..

This property in Southover Street, Brighton, is a freehold offering presented as a development opportunity. The listing indicates the need for extensive renovation, as evidenced by the photographs depicting a dilapidated structure. The small garden and rear access alley provide some outdoor space. While the location within the desirable Hanover and Elm Grove area, close to The Level park and relatively near the city centre and schools, is a positive factor, the property’s poor condition is a significant drawback. The absence of bedrooms and bathrooms points to a lack of current accommodation.

The low list price of £40,000 suggests a value primarily tied to the land, rather than its present structure. However, potential buyers should factor in substantial renovation and development costs. While a project of this nature might offer potential for profit, it demands careful consideration of the required investment and the inherent risks associated with such an undertaking. The extremely low price suggests risk, but also high potential returns given the location of the property. Further investigation into local planning permissions and construction costs would be required before any informed conclusions about the property’s worth could be determined. The high risk is reflected in the comparatively low score given to the price.

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

Price
6
Condition
4
Location
7
Land
3
Bedrooms
0
Bathrooms
0
Sqft (est)
271.25

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
485,964.00 £
Increased by 6.04 %
from 458,278.00 £
Est sale value
164,648.75 £
Increased by 26.20 %
from 130,471.25 £
Average area rental value
2,153.00 £/mo
Increased by 8.63 %
from 1,982.00 £/mo
Est letting value
542.50 £/mo
Unchanged by 0.00 %
from 542.50 £/mo
Est rental Yield
5.32 %
Increased by 2.50 %
from 5.19 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Lextons Auctions created the listing.

Nearby Schools

NameTypeOfstedDistance
Kings BrightonOther Independent SchoolGood0.37 KM
Tarner Children'S CentreChildren's Centre0.51 KM
Tarnerland Nursery SchoolLocal Authority Nursery SchoolOutstanding0.60 KM
Carlton Hill Primary SchoolCommunity SchoolGood0.60 KM
St Bartholomew'S Cofe Primary SchoolVoluntary Aided SchoolGood0.70 KM

Images

Exterior/Court Yard Garden Studio Studio Exterior Private Access Aerial Aerial

Nearby Streets

NameAverage PriceAverage SqftDistance
Tamplin Terrace £ 250,00000.00 KM
Albion Street £ 000.00 KM
Richmond Gardens £ 000.00 KM
The Open Market £ 000.00 KM
Saint George's Place £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
London Road (Brighton)5281LRB0.92 KM
Brighton5268BTN1.09 KM
Moulsecoomb5312MCB2.33 KM
Preston Park5285PRP3.16 KM
Hove5273HOV4.37 KM

Nearby Listings

AddressPriceTypeScoreDistance
Southover Street, Brighton £ 40,000BUY5 / 100.00 KM
Southover Street, Brighton, East Sussex £ 475,000BUY6 / 100.05 KM
Southover Street, Brighton £ 350,000BUY7 / 100.05 KM
Richmond Terrace, Brighton, East Sussex, BN2 £ 1,250,000BUY8 / 100.06 KM
Richmond Terrace, Brighton, BN2 £ 390,000BUY7 / 100.09 KM

Nearby Properties

AddressPriceDistance
8c Southover Street £ 285,0000.07 KM
10 Southover Street £ 135,0000.07 KM
8a Southover Street £ 128,5000.07 KM
6 Southover Street £ 275,0000.07 KM
8b Southover Street £ 173,0000.07 KM