Lextons Auctions says ..

Property Oracle says ..

This five-bedroom Victorian house on Clyde Road, Brighton, presents a mixed bag of opportunities and challenges. Situated in the desirable St. Peter’s & North Laine area, it benefits from a central location and excellent proximity to transport links and local amenities. However, the property is in need of substantial modernisation and refurbishment. The photos reveal dated interiors, requiring updates to the kitchen and bathrooms, in addition to general cosmetic improvements throughout. The small rear garden, although present, needs significant landscaping to be considered a significant asset. The listing price reflects a potential balance between location and need for renovation, but it is essential for prospective buyers to factor in a considerable budget for modernisation. A key element to note is the property’s history as a licensed HMO, suggesting a potential for good rental returns after refurbishment, which could partially offset renovation costs. Overall, the property represents a considerable project but could yield a rewarding outcome for the right buyer with both the resources and vision to realise its potential. Given that this is an auction property, it is important to conduct comprehensive due diligence and consider any potential hidden costs or issues before making an offer. Further detailed surveys will be essential. The lack of precise square footage data for comparable properties in the neighborhood means a completely accurate price per square foot comparison is not possible.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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