6 Bed HMO, Brighton, BN2 3HY £450,000

14 Edinburgh Road, Brighton, East Sussex, BN2 3HY - 9 views - 7 months ago

Auction

HMO

ROI: 12%

127 m²

ValuationUndervalued

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

Square Metres	127 m²
Price/m²	£3.5K/m²
Value Estimate	£544,500£544,500
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£36,200£36,200
Total Cash In	£148,700£148,700

Cash Out
Room Rate	£754£754
Gross Rent	£4,524
Running Costs/mo	£3,072£3,072
Cashflow/mo	£1,452£1,452
Cashflow/yr	£17,422£17,422
ROI	12%12%
Gross Yield	12%12%

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	Price/m²	m²	Beds	Type
£580K	12/23	0.37 mi	83, Hanover Street, Brighton, Brighton And Hove BN2 9SS	£6,321	92	6	Terraced House
£630K	07/21	0.47 mi	60, Hollingbury Road, Brighton, Brighton And Hove BN1 7JA	-	-	6	Terraced House
£1.7M	03/25	0.47 mi	53, Springfield Road, Brighton BN1 6DF	£5,463	308	6	Semi-Detached House
£562.5K	02/23	0.48 mi	79, Hollingdean Terrace, Brighton, Brighton And Hove BN1 7HB	£7,031	80	6	Terraced House
£1.4M	01/25	0.81 mi	9, East Drive, Brighton BN2 0BQ	£7,713	188	6	Semi-Detached House
£580K	02/23	0.88 mi	29, Blaker Street, Brighton, Brighton And Hove BN2 0JJ	£5,001	116	6	Terraced House
£960K	06/21	0.91 mi	5, Upper Hamilton Road, Brighton, Brighton And Hove BN1 5DF	£4,898	196	6	Terraced House
£2.1M	06/25	0.97 mi	27, Montpelier Crescent, Brighton BN1 3JJ	£7,023	299	6	Terraced House
£2.1M	06/25	0.97 mi	27, Montpelier Crescent, Brighton BN1 3JJ	-	-	6	Terraced House
£522K	12/21	1.04 mi	3, Colbourne Avenue, Brighton, Brighton And Hove BN2 4GE	£6,289	83	6	Semi-Detached House
£550K	06/25	1.09 mi	22, Charles Street, Brighton BN2 1TG	-	-	6	Terraced House
£1.5M	12/21	1.26 mi	15, Nizells Avenue, Hove, Brighton And Hove BN3 1PL	-	-	6	Detached House
£1.1M	06/21	1.45 mi	21, Orpen Road, Hove, Brighton And Hove BN3 6NJ	£4,064	283	6	Detached House
£347K	01/23	1.46 mi	47, Findon Road, Brighton, Brighton And Hove BN2 5NY	-	-	6	Terraced House
£1.2M	06/23	1.46 mi	11, Surrenden Close, Brighton, Brighton And Hove BN1 8EB	-	-	6	Semi-Detached House
£1.9M	10/24	1.51 mi	19, Surrenden Crescent, Brighton BN1 6WE	£6,066	305	6	Detached House
£400K	03/25	1.51 mi	59, Wilson Avenue, Brighton, Brighton And Hove BN2 5PA	£4,124	97	6	Semi-Detached House
£2.1M	11/21	1.81 mi	105, Shirley Drive, Hove, Brighton And Hove BN3 6UE	£14,583	144	6	Detached House
£2.7M	11/22	1.84 mi	79, Hove Park Road, Hove, Brighton And Hove BN3 6LL	£15,535	174	6	Detached House
£1.7M	10/23	2.08 mi	53, Roedean Crescent, Brighton, Brighton And Hove BN2 5RG	£5,948	290	6	Detached House
£2.5M	12/24	2.22 mi	7, Dyke Close, Hove BN3 6DB	£6,739	371	6	Detached House
£875K	09/23	2.49 mi	116, The Ridgway, Brighton, Brighton And Hove BN2 6PB	£3,017	290	6	Detached House
£945K	06/21	2.53 mi	27, Modena Road, Hove, Brighton And Hove BN3 5QF	£5,431	174	6	Semi-Detached House
£1.4M	09/21	2.55 mi	16, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ	-	-	6	Semi-Detached House
£2.8M	07/23	2.57 mi	6, Westbourne Villas, Hove, Brighton And Hove BN3 4GQ	£10,210	274	6	Detached House
£525K	06/21	2.7 mi	33, Wanderdown Road, Ovingdean, Brighton, Brighton And Hove BN2 7BT	-	-	6	Detached House

Local Area Statistics

Population in BN2	93,12493,124
Population in Brighton	208,224208,224
Town centre distance	0.80 miles away0.80 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.41 miles away0.41 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+9%+9%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £450,000

April 3, 2025

Floor Plans

Description

Guide Price = **£450,000+

For Sale By Public Auction 23rd April 2025 09:30 AM To inspect the legal documents for this property go to our website to download the legal pack

A Mid Terrace House Arranged to Provide A Six Bedroom Student HMO Fully Let Producing £54,288 Per Annum

**Tenure
Freehold

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of The Level are within easy reach. Transport links are provided by Brighton rail station.

Description
The property comprises a mid terrace house arranged to provide a six bedroom HMO arranged over lower ground, ground and two upper floors.

Accommodation
Lower Ground Floor
Communal Reception Room with Open Plan Kitchen
WC

Ground Floor
Two Letting Rooms

First Floor
Two Letting Rooms
Bathroom

Second Floor
Two Letting Rooms
Bathroom

Exterior
The property benefits from a rear garden.

Tenancy
The property is subject to a joint tenancy at a rent of £54,288 per annum.

EPC Rating
C

Viewing Appointments to be Confirmed

Agent Details

Auction House London, Hampstead

020 3897 6030

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

6 Bed HMO, Brighton, BN2 3FG

£550,000

2 views • 8 months ago • 146 m²

Inside Article 4

5 Bed HMO, Brighton, BN2 3FF

£475,000

1 views • a month ago • 116 m²

Sold STC

6 Bed HMO, Brighton, BN2 3LD

£500,000

1 views • a year ago • 106 m²