Potential 4-Bed HMO, Brighton, BN2 3HQ £340,000

Lewes Road, Brighton, BN2 3HQ - a year ago
Sold STC
HMO
Inside Article 4
ROI: 5%
~76 m²
Property image

ValuationUndervalued

Sold Prices£362K - £665K
Sold Prices/m²£4.5K/m² - £7.8K/m²

 

 

Square Metres

~76 m²
Price/m²£4.5K/m²

Value Estimate

£411,128
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£25,200

Total Cash In

£110,200

 

 

Cash Out

 

Room Rate

£625

Gross Rent

£2,500

Running Costs/mo

£2,079

Cashflow/mo

£421

Cashflow/yr

£5,055

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £362K to £665K, average is £525K. £4.5K/m² to £7.8K/m², average is £5.8K/m².

Price
Date
Distance
Address
Beds
 
£430K04/230.04 mi38, St Martins Place, Brighton, Brighton And Hove BN2 3LE3
£555K12/210.11 mi45, Upper Lewes Road, Brighton, Brighton And Hove BN2 3FH3
£525K02/230.14 mi22, Hastings Road, Brighton, Brighton And Hove BN2 3AF3
£514K07/230.15 mi9, Franklin Street, Brighton, Brighton And Hove BN2 3AL3
£620K11/230.15 mi44, De Montfort Road, Brighton, Brighton And Hove BN2 3AU3
£470K02/230.18 mi11, Hanover Mews, Brighton, Brighton And Hove BN2 9HU3
£555K05/230.19 mi14, Hanover Mews, Brighton, Brighton And Hove BN2 9HU3
£475K06/210.19 mi24, Seville Street, Brighton, Brighton And Hove BN2 3AR3
£625K04/230.21 mi104, Richmond Road, Brighton, Brighton And Hove BN2 3RN3
£615K12/240.21 mi21, Princes Crescent, Brighton, Brighton And Hove BN2 3RA3
£537.5K01/250.23 mi26, Belton Road, Brighton BN2 3RE3
£440K09/210.24 mi3, Cobden Road, Brighton, Brighton And Hove BN2 9TL3
£463K12/230.24 mi89, Hanover Street, Brighton, Brighton And Hove BN2 9SS3
£475.8K10/230.25 mi70, Hanover Terrace, Brighton, Brighton And Hove BN2 9SP3
£575K03/230.25 mi14, Hanover Terrace, Brighton, Brighton And Hove BN2 9SN3
£508.5K05/230.25 mi8, Hanover Terrace, Brighton, Brighton And Hove BN2 9SN3
£540K07/250.25 mi61, Richmond Road, Brighton BN2 3RL3
£615K12/220.25 mi48, Coleman Street, Brighton, Brighton And Hove BN2 9SQ3
£606K09/230.26 mi32, Coleman Street, Brighton, Brighton And Hove BN2 9SQ3
£525K05/250.26 mi70, Prince's Road, Brighton BN2 3RH3
£460K06/210.27 mi48, Washington Street, Brighton, Brighton And Hove BN2 9SR3
£463.9K02/230.27 mi83, Washington Street, Brighton, Brighton And Hove BN2 9SR3
£510K12/230.27 mi34, Washington Street, Brighton, Brighton And Hove BN2 9SR3
£610K07/230.27 mi50, Cobden Road, Brighton, Brighton And Hove BN2 9TJ3
£520K10/230.27 mi58, Cobden Road, Brighton, Brighton And Hove BN2 9TJ3
£565K09/230.27 mi142, Elm Grove, Brighton, Brighton And Hove BN2 3DB3
£550K07/250.28 mi49, Prince's Road, Brighton BN2 3RH3
£425K02/230.29 mi33, Lincoln Street, Brighton, Brighton And Hove BN2 9UG3
£494K07/250.29 mi39, Islingword Street, Brighton BN2 9UR3
£625K01/250.3 mi62, Lincoln Street, Brighton BN2 9UH3
£630.1K08/210.31 mi1, Southover Street, Brighton, Brighton And Hove BN2 9UA3
£484K02/230.32 mi13, Hartington Place, Brighton, Brighton And Hove BN2 3LR3
£472.5K04/230.32 mi52, Ewart Street, Brighton, Brighton And Hove BN2 9UQ3
£540K09/210.33 mi48, Brading Road, Brighton, East Sussex BN2 3PD3
£555K08/210.33 mi46, Brading Road, Brighton, Brighton And Hove BN2 3PD3
£665K09/230.33 mi21, Islingword Street, Brighton, Brighton And Hove BN2 9UR3
£565K07/230.33 mi9, Islingword Street, Brighton, Brighton And Hove BN2 9UR3
£585K03/250.33 mi51, Bentham Road, Brighton BN2 9XB3
£625K01/240.34 mi4, Carlyle Street, Brighton, Brighton And Hove BN2 9XW3
£500K08/250.34 mi25, Southover Street, Brighton BN2 9UD3
£625K04/230.34 mi52, Islingword Street, Brighton, Brighton And Hove BN2 9US3
£414K06/210.35 mi9, Arnold Street, Brighton, Brighton And Hove BN2 9XS3
£543K01/240.35 mi53, Arnold Street, Brighton, Brighton And Hove BN2 9XS3
£362K08/230.35 mi41, Arnold Street, Brighton, Brighton And Hove BN2 9XS3
£615K01/250.35 mi58, Hartington Road, Brighton BN2 3PB3
£410K02/250.36 mi69, Islingword Street, Brighton BN2 9US3
£475K07/250.36 mi21, Kingsbury Road, Brighton BN1 4JR3
£520K06/210.36 mi35, Southampton Street, Brighton, Brighton And Hove BN2 9UT3
£500K07/230.37 mi20, Whichelo Place, Brighton, Brighton And Hove BN2 9XF3
£500K08/230.37 mi24, Whichelo Place, Brighton, Brighton And Hove BN2 9XF3

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Buyer's market

Capital growth (5yrs)

+14%

Property History

Price changed to £340,000

May 15, 2025

Listed for £350,000

October 28, 2024

Floor Plans

Property image

Description

  • Delightful three bedroom HMO +
  • Ideal student location +
  • Close to town and routes to university +
  • Annual income of £30,000 per annum +

This three-bedroom HMO house on Lewes Road, Brighton, is an ideal investment, currently generating a reliable income of £30,000 per annum. Each of the three bedrooms benefits from its own en-suite bathroom, ensuring privacy and comfort for tenants. This setup is particularly attractive to students and young professionals, offering them both convenience and a high standard of living. The property also includes a small garden, providing a pleasant outdoor space for relaxation.

The location on Lewes Road is a major advantage, positioned within easy reach of Brighton's universities, making it highly desirable for student tenants. The area is vibrant, with a wide range of local amenities including cafes, shops, and supermarkets, as well as excellent transport links to the city centre and beyond. The combination of its prime location, strong rental demand, and current income stream makes this property an appealing investment opportunity, offering both immediate returns and long-term growth potential in Brighton's thriving rental market. 

GROUND FLOOR  

ENTRANCE HALL  

BEDROOM 11' 11" x 11' 1" (3.63m x 3.38m)  

ENSUITE SHOWER ROOM  

PATIO GARDEN  

LOWER GROUND FLOOR  

SITTING ROOM / KITCHEN 13' 11" x 10' 9" (4.24m x 3.28m)  

W.C  

BEDROOM 14' 1" x 10' 4" (4.29m x 3.15m)  

ENSUITE SHOWER ROOM  

FIRST FLOOR  

BEDROOM 11' 0" x 10' 6" (3.35m x 3.2m)  

ENSUITE BATHROOM

Agent Details

Phillips & Still, Brighton

01273 063363

Next Steps?

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