6 Bed HMO, Brighton, BN2 9XW £550,000

38 Carlyle Street, Brighton, BN2 9XW - 2 views - 10 months ago
HMO
Inside Article 4
ROI: 4%
~124 m²
Property image

ValuationUndervalued

Sold Prices£347K - £2.8M
Sold Prices/m²£3K/m² - £15.5K/m²

 

 

Square Metres

~123.70 m²
Price/m²£4.4K/m²

Value Estimate

£676,500
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£46,200

Total Cash In

£183,700

 

 

Cash Out

 

Room Rate

£650

Gross Rent

£3,900

Running Costs/mo

£3,279

Cashflow/mo

£621

Cashflow/yr

£7,457

ROI

4%

Gross Yield

9%

Local Sold Prices

26 sold prices from £347K to £2.8M, average is £1.2M. £3K/m² to £15.5K/m², average is £6.2K/m².

Price
Date
Distance
Address
Beds
 
£580K12/230.33 mi83, Hanover Street, Brighton, Brighton And Hove BN2 9SS6
£1.4M01/250.45 mi9, East Drive, Brighton BN2 0BQ6
£580K02/230.63 mi29, Blaker Street, Brighton, Brighton And Hove BN2 0JJ6
£1.7M03/250.81 mi53, Springfield Road, Brighton BN1 6DF6
£550K06/250.86 mi22, Charles Street, Brighton BN2 1TG6
£630K07/210.87 mi60, Hollingbury Road, Brighton, Brighton And Hove BN1 7JA6
£562.5K02/230.89 mi79, Hollingdean Terrace, Brighton, Brighton And Hove BN1 7HB6
£347K01/231.08 mi47, Findon Road, Brighton, Brighton And Hove BN2 5NY6
£2.1M06/251.09 mi27, Montpelier Crescent, Brighton BN1 3JJ6
£2.1M06/251.09 mi27, Montpelier Crescent, Brighton BN1 3JJ6
£400K03/251.13 mi59, Wilson Avenue, Brighton, Brighton And Hove BN2 5PA6
£960K06/211.15 mi5, Upper Hamilton Road, Brighton, Brighton And Hove BN1 5DF6
£522K12/211.25 mi3, Colbourne Avenue, Brighton, Brighton And Hove BN2 4GE6
£1.5M12/211.41 mi15, Nizells Avenue, Hove, Brighton And Hove BN3 1PL6
£1.7M10/231.7 mi53, Roedean Crescent, Brighton, Brighton And Hove BN2 5RG6
£1.1M06/211.73 mi21, Orpen Road, Hove, Brighton And Hove BN3 6NJ6
£1.2M06/231.87 mi11, Surrenden Close, Brighton, Brighton And Hove BN1 8EB6
£1.9M10/241.91 mi19, Surrenden Crescent, Brighton BN1 6WE6
£2.7M11/222.13 mi79, Hove Park Road, Hove, Brighton And Hove BN3 6LL6
£2.1M11/212.14 mi105, Shirley Drive, Hove, Brighton And Hove BN3 6UE6
£875K09/232.28 mi116, The Ridgway, Brighton, Brighton And Hove BN2 6PB6
£525K06/212.38 mi33, Wanderdown Road, Ovingdean, Brighton, Brighton And Hove BN2 7BT6
£2.5M12/242.59 mi7, Dyke Close, Hove BN3 6DB6
£1.4M09/212.7 mi16, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ6
£2.8M07/232.71 mi6, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ6
£945K06/212.72 mi27, Modena Road, Hove, Brighton And Hove BN3 5QF6

Local Area Statistics

Population in BN2

93,124

Population in Brighton

208,224

Town centre distance

0.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.74 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 £550,000

February 28, 2025

Listed for £575,000

December 26, 2024

Floor Plans

Property image

Description

  • Situated in Popular HANOVER +
  • Six Bedroom HMO +
  • Four Storey End of Terrace Townhouse +
  • Let from 14/8/25 at £3,900pcm for 51 weeks +
  • Bathroom & Two Shower Rooms +
  • Refitted Kitchen +
  • Utility Area +
  • Convenient Location +
  • Excellent Transport Links +
  • Good Decorative Order +

* GUIDE PRICE £550,000-£575,000 *
John Hilton's are pleased to be able to offer as sole agent this well-presented, end-of-terrace Victorian Townhouse in Hanover which is arranged as a six-bedroom HMO. Currently part-let at £2,950 pcm including bills and re-let from 14/8/25 at £3,900pcm for 51 weeks, excluding bills. Surprisingly spacious accommodation is spread over four floors from lower ground floor to converted attic which benefits from widespread views towards the sea! There are two shower rooms and a recently well-fitted modern kitchen/living space. The property is ideally located for ease of access into the city centre with regular transport links.

Approach - Small frontage with brick wall to front, obscure double glazed front door.

Ground Floor Entrance Hall - Stairs ascend to rear half landing and stairs descend to lower ground floor. Radiator, wood laminate flooring.

Bedroom - 3.46m x 3.14m (11'4" x 10'3") - Double glazed bay window to front, radiator, wood laminate flooring.

Bedroom - 3.23m x 2.89m (10'7" x 9'5") - Double glazed window to rear, radiator, ceramic tiled floor.

Rear Half Landing - Obscure double glazed door with cat flap, stairs descend to lower ground level and door opens into:

Bathroom - Obscure double glazed window to side, white bathroom suite comprising panel-enclosed bath with mixer taps and hand-held shower attachment on riser, pedestal wash hand basin, low-level WC, fully tiled surround and tiled floor.

Lower Ground Floor Landing - Doors into both bedrooms.

Bedroom - 3.54m x 3.28m (11'7" x 10'9") - Double glazed window to rear, radiator, built-in storage cupboard and chimney recess shelving.

Bedroom - 4.32m x 2.34m (14'2" x 7'8") - Domed skylight to front, radiator, built-in wall-mounted cupboards.

First Floor Half-Landing - Door into:

Shower Room - Double glazed window to rear, vanity wash hand basin with storage under and mirrored wall-mounted bathroom cabinet over, shower enclosure with glass shower screen and thermostat shower, low-level WC, built-in cupboard housing 'Worcester' combi boiler, vinyl floor.

First Floor Landing - Doors into bedroom and kitchen/living space.

Bedroom - 3.24m x 2.90m (10'7" x 9'6") - Double glazed window to rear, radiator.

Kitchen/Living Space - 4.52m x 3.08m (14'9" x 10'1") - Double glazed bay window to front and wood effect laminate flooring. Modern fitted kitchen comprising matching wall and base units to include a central island providing seating area. Laminate work surfaces with black metro tiled splashback extend to include four-ring ceramic hob with electric oven under and extractor over, single bowl stainless steel sink with mixer tap, under-counter space for fridge and freezer, additional freestanding tall fridge freezer set into alcove with further kitchen cabinets.

Second Floor Half Landing - Space and plumbing for washing machine and tumble dryer.

Second Floor Landing - Doors into bedroom and shower room.

Bedroom - 5.13m x 4.40m (16'9" x 14'5" ) - Dual aspect bedroom with double glazed skylight to front, radiator, laminate flooring, storage recess, further double glazed window to rear offering views over the city towards the sea.

Shower Room - Shower enclosure with thermostat shower, hand-held shower attachment on riser, extractor fan, tiled surround, wall-mounted wash hand basin, vinyl floor.

Garden - West-facing rear garden with timber fencing to all sides and concrete patio area.

Agent Details

John Hilton & Co, Brighton

01273 109758

Next Steps?

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