Phillips & Still says ..

Property Oracle says ..

This five-bedroom, two-bathroom terraced house on Surrey Street in Brighton is situated in a highly desirable location within the St. Peter’s and North Laine area. Its proximity to Brighton railway station, numerous shops, restaurants, and the seafront makes it an attractive option for both owner-occupiers and investors. The property’s current arrangement as an HMO suggests its potential for rental income.

However, the provided photos reveal a property that requires modernisation and updating. The interior decor appears dated, and some areas need maintenance and possibly repair. The kitchen and bathrooms, in particular, seem to need an upgrade to meet current standards. The exterior of the property appears relatively well-maintained, although the small front garden could use some landscaping. The lack of significant outdoor space is a notable drawback.

The list price of £500,000 places it within the range of comparable properties in the area, especially considering the potential rental income. However, the necessary refurbishment costs should be carefully factored into any purchase decision. A thorough survey is strongly recommended to assess the full extent of any repairs or renovations needed before making an offer.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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