John Hilton & Co says ..
*** GUIDE PRICE £575,000-£600,000 *** IDEAL INVESTMENT OPPORTUNITY - A substantial six bedroom HMO property which is arranged over three levels and is let until 19/8/25 at £3,770pcm or £45,250 per annum. Well-maintained and well laid out accommodation which consists of six good sized bed...
Property Oracle says ..
This six-bedroom property located on Lewes Road in Brighton is presented as an investment opportunity, currently operating as an HMO (House of Multiple Occupancy). The location is convenient, offering proximity to both Brighton city centre and London Road station. Several highly-rated primary schools are within walking distance, benefiting families and students alike. The interior is shown to be in a reasonably clean and functional condition, though the photographs suggest it might benefit from some cosmetic improvements to enhance its appeal to potential buyers or tenants. The presence of a small garden and a further small patio area are definite advantages, but they are not extensive. The list price requires careful consideration, taking into account the current rental income being generated through the HMO setup, which must be factored against future maintenance needs, vacancy periods, and other running costs. The absence of square footage data for comparable properties makes accurate price-per-square-foot analysis difficult. Overall, the property presents a viable investment, particularly for those experienced in managing HMO properties in Brighton. Potential buyers should carry out a thorough survey and valuation to assess the property’s condition and market value before making a purchasing decision.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 4
- Bedrooms
- 6
- Bathrooms
- 2
- Sqft (est)
- 1,138.00
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Metrics Year-on-Year
- Average area value
- 485,964.00 £Increased by 6.04 %
- Est sale value
- 690,766.00 £Increased by 26.20 %
- Average area rental value
- 2,153.00 £/moIncreased by 8.63 %
- Est letting value
- 2,276.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 5.32 %Increased by 2.50 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
John Hilton & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Fairlight Primary School | Community School | Good | 0.25 KM |
| St Martin'S Cofe Primary School | Voluntary Aided School | Good | 0.38 KM |
| Elm Grove Primary School | Community School | Good | 0.68 KM |
| Downs Infant School | Community School | Outstanding | 0.82 KM |
| St Joseph'S Catholic Primary School | Voluntary Aided School | Good | 0.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| St Martin's Place | £ 0 | 0 | 0.00 KM |
| Saint Paul's Street | £ 220,000 | 0 | 0.00 KM |
| St Paul's Street | £ 0 | 0 | 0.00 KM |
| Saint Leonard's Road | £ 550,000 | 0 | 0.00 KM |
| Tamplin Terrace | £ 250,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| London Road (Brighton) | 5281 | LRB | 1.08 KM |
| Brighton | 5268 | BTN | 1.66 KM |
| Moulsecoomb | 5312 | MCB | 1.68 KM |
| Preston Park | 5285 | PRP | 3.37 KM |
| Hove | 5273 | HOV | 4.82 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Lewes Road, Brighton | £ 575,000 | BUY | 6 / 10 | 0.00 KM |
| St. Martins Place, Brighton | £ 375,000 | BUY | 4 / 10 | 0.04 KM |
| Lewes Road, Brighton | £ 350,000 | BUY | 6 / 10 | 0.04 KM |
| St. Pauls Street, Brighton | £ 475,000 | BUY | 7 / 10 | 0.06 KM |
| St Martins Place, Brighton, BN2 | £ 375,000 | BUY | 5 / 10 | 0.06 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 41 St Martins Place | £ 350,000 | 0.04 KM |
| 15 St Martins Place | £ 195,000 | 0.04 KM |
| 17 St Martins Place | £ 235,000 | 0.04 KM |
| 13 St Martins Place | £ 235,000 | 0.04 KM |
| 35 St Martins Place | £ 425,000 | 0.04 KM |