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Phoenix Place, Brighton, East Sussex

South East

£800,000
Listed on 15/02/2025

Property Details

Bedrooms
9
Type
Detached house

Description

This property offers a substantial opportunity for investors looking to capitalize on its renovation potential. Originally serving as the Freebutt pub, the site comes with approved planning consent to transform it into a multi-faceted residential and commercial space. The envisioned layout includes a new ground-floor commercial unit (Class E), a first-floor 7-bedroom House in Multiple Occupation (HMO) (Sui Generis), and two separate one-bedroom flats at the roof level (Class C3). The addition of dormers on all four elevations enhances both aesthetics and functionality. Situated near the recently revitalized London Road area, this property benefits from close proximity to community amenities such as the Phoenix Community Centre and the Phoenix art space. Public transport links are readily accessible, providing convenient connections to the city center and nearby university campuses, which positions this property well for attracting high-quality tenants. Given its strategic location and flexible development options, this property presents a compelling investment opportunity in a growing area. Investors can leverage its existing framework while contributing to an evolving neighborhood that caters to diverse residential needs.

Investment Analysis

(BN2 area)
Area Average
£478/sq ft
Avg Rent (weekly)
£582
Avg Yield
7.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
72
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (BN2)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -2.5%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on BN2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Phoenix Place, Brighton, East Sussex
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,931
Based on a loan of £600,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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