4-bedroom terraced house · BN2 4PL
Sold STCListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £350,000-£375,000 Four-bedroom HMO, currently let until August 2024 for £2,166pcm, increasing to £2,340pcm for the following year.
Accommodation is made up of, open plan Kitchen Living Room with a large double bedroom on the ground floor, three bedrooms, bathroom and WC on the first floor.
With scope to extend to create a larger HMO (subject to usual consents) to increase income.
Situated in a popular student location, within walking distance of Brighton Falmer Campus, Sussex University, and Falmer train station, with frequent transport links to Brighton City Centre and other university campuses.
Sold with tenants in situ and no onward chain. Front Garden Section laid to lawn with borders well stocked with shrubs, steps lead down to the front door.
Entrance Hallway Built-in cupboard, stairs leading up to first floor.
Open Plan Kitchen/Living Room 3.0m x 6.24m Kitchen Area Range of units at eye and base level with worktops over and tiled splashbacks, stainless steel sink with mixer tap and drainer, under-housed washing machine, dishwasher and fridge.
Window to rear and door leading to rear garden. Living Area Window to rear. Bedroom 4.54m x 4.27m Decorative fireplace, window to front.
First Floor Landing Built-in cupboard, access to loft space. WC Part tiled walls, and white suite with low flush WC and wash hand basin. Frosted window to rear.
Bathroom Fully tiled walls, with a white suite comprising bath with mixer tap and shower over and glass screen, and wash hand basin with mixer tap. Frosted window to rear.
Bedroom 3.0m x 2.9m Fitted wardrobe and window to rear. Bedroom 3.86m x 3.35m Two fitted wardrobes and window to front.
Bedroom 2.75m x 2.73m Fitted wardrobe and window to front. Rear Garden Section of patio, and level lawn with flower bed borders and fenced boundaries.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Egginton Road, Brighton
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