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See how verdicts work10-bedroom terraced house · BN2 1PL
For saleListed 312 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***Guide Price £1.000,000 - £1.100,000*** Calling all investors! This five storey terraced house is arranged as two separate HMO's currently bringing in total rent of £98,280 per annum.
The property is being offered with no onward chain and there is also scope for some uplifts to generate more income as well. Investors Paradise!
This is a fantastic opportunity to acquire an extremely spacious 5 storey terraced house arranged as 2 separate maisonettes which are registered HMO's. Currently bringing in £98,280 income per year.
At present the property is arranged as a 3 bed lower maisonette, then a 7 bed upper maisonette. Both of these maisonettes have their own private entrances and the rooms are quite generously spacious.
There is a first floor balcony and a small rear patio for your tenants to enjoy and sit out in.
"It should be noted that these two maisonettes have been continuously let for exactly 30 years now and with less than a 7-day void period between lets each year or usually each 2 year period.
They are both currently let for the next one and a half years at the stated £98,280 annually.
A very appealing feature for the larger groups of tenants in the upper maisonette is the 3 bathrooms and very large communal living / dining and kitchen area.
Another big plus is that the properties are very well maintained and are situated in a superb location only 500 metres from the Palace Pier - a viewing is highly recommended. ".
Being situated towards the eastern end of the City, the location of this property is great for walking and cycling along the cliff tops and alongside the sea.
Kemptown Old Village is nearby and offers all the requisite amenities such as a post office, bank, independent boutiques and shops, cafes, bars and restaurants.
Nearby Brighton Marina is home to many recreation and leisure pursuits including a first class yachting marina, cinema complex and a large supermarket.
Lower ground and ground floor maisonette lower ground floor entrance hall bedroom one 14' 6" x 14' 5" (4.42m x 4.39m) bedroom two 13' 8" x 12' 2" (4.17m x 3.71m) bathroom 9' 7" x 9' (2.92m x 2.74m) cloakroom ground floor bedroom three 13' 8" x 12' 2" (4.17m x 3.71m) living room 18' 10" x 16' 10" (5.74m x 5.13m) kitchen 12' 4" x 9' 7" (3.76m x 2.92m) 1st, 2nd and 3rd floor maisonette first floor living room 20' 2" x 17' (6.15m x 5.18m) kitchen 18' 10" x 11' 10" (5.74m x 3.61m) store room 13' 1" x 9' 10" (3.99m x 3m) second floor bedroom one 13' 1" x 9' 10" (3.99m x 3m) bedroom two 13' 9" x 11' 10" (4.19m x 3.61m) bedroom three 16' 10" x 11' 10" (5.13m x 3.61m) bedroom four 14' 10" x 8' 4" (4.52m x 2.54m) shower room cloakroom third floor bedroom five 13' 9" x 11' 10" (4.19m x 3.61m) bedroom six 21' 9" x 11' 10" (6.63m x 3.61m) ensuite cloakroom bedroom seven 14' 10" x 8' 4" (4.52m x 2.54m) ensuite cloak room shower room showeroom outside balcony patio garden
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
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FAQ
About 23, Atlingworth Street, Brighton
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