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 %
- Est sale value
- 164,648.75 £Increased by 26.20 %
- Average area rental value
- 2,153.00 £/moIncreased by 8.63 %
- Est letting value
- 542.50 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.32 %Increased by 2.50 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Lextons Auctions created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Kings Brighton | Other Independent School | Good | 0.37 KM |
| Tarner Children'S Centre | Children's Centre | 0.51 KM | |
| Tarnerland Nursery School | Local Authority Nursery School | Outstanding | 0.60 KM |
| Carlton Hill Primary School | Community School | Good | 0.60 KM |
| St Bartholomew'S Cofe Primary School | Voluntary Aided School | Good | 0.70 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Tamplin Terrace | £ 250,000 | 0 | 0.00 KM |
| Albion Street | £ 0 | 0 | 0.00 KM |
| Richmond Gardens | £ 0 | 0 | 0.00 KM |
| The Open Market | £ 0 | 0 | 0.00 KM |
| Saint George's Place | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| London Road (Brighton) | 5281 | LRB | 0.92 KM |
| Brighton | 5268 | BTN | 1.09 KM |
| Moulsecoomb | 5312 | MCB | 2.33 KM |
| Preston Park | 5285 | PRP | 3.16 KM |
| Hove | 5273 | HOV | 4.37 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Southover Street, Brighton | £ 40,000 | BUY | 5 / 10 | 0.00 KM |
| Southover Street, Brighton, East Sussex | £ 475,000 | BUY | 6 / 10 | 0.05 KM |
| Southover Street, Brighton | £ 350,000 | BUY | 7 / 10 | 0.05 KM |
| Richmond Terrace, Brighton, East Sussex, BN2 | £ 1,250,000 | BUY | 8 / 10 | 0.06 KM |
| Richmond Terrace, Brighton, BN2 | £ 390,000 | BUY | 7 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 8c Southover Street | £ 285,000 | 0.07 KM |
| 10 Southover Street | £ 135,000 | 0.07 KM |
| 8a Southover Street | £ 128,500 | 0.07 KM |
| 6 Southover Street | £ 275,000 | 0.07 KM |
| 8b Southover Street | £ 173,000 | 0.07 KM |