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St. Mary Magdalene Street, Brighton, East Sussex, BN2 - Image 8
St. Mary Magdalene Street, Brighton, East Sussex, BN2 - Image 9
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St. Mary Magdalene Street, Brighton, East Sussex, BN2

South East

£425,000
Listed on 05/05/2026

Property Details

Bedrooms
4
Type
Terraced
Area
891 sqft

Description

This four-bedroom terraced house presents a strategic investment opportunity, well-suited for families or as a continuation of its current use as a House in Multiple Occupation (HMO). With an established rental history, yielding £31,200 annually at a 7.3% gross yield, the property offers robust financial potential. Spanning nearly 900 sq. ft. over three levels, it features a bright kitchen/dining area with direct access to a generous rear garden — perfect for versatile use and outdoor entertaining. The separate living room provides ample natural light and comfort for gatherings, while the upper floors host four bedrooms, including a spacious principal bedroom with a charming bay window that enhances its character. Although some cosmetic improvements are needed, this space allows for personalisation and modernisation to meet contemporary standards. There is potential for expansion through a loft conversion (subject to usual planning consents), offering more room to grow. Currently configured as an HMO but marketed as a family home, this property attracts both owner-occupiers and investors looking to leverage future growth in this increasingly desirable Brighton location. The surrounding area boasts convenient transport links and vibrant local amenities, further enhancing its appeal.

Investment Analysis

(BN2 area)

Above Market Value

This property is priced +0.1% above area average per sq ft

+0.1%
This Property
£477/sq ft
Area Average
£477/sq ft
Avg Rent (weekly)
£500
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£467,214
10% above area average per sq ft
Potential ROI
+2.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
92
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BN2)

Area prices are rising by +2.1% over the last 12 months
3 year growth: -4.2%
5 year growth: +3.1%
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

St. Mary Magdalene Street, Brighton, East Sussex, BN2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,516
Based on a loan of £318,750 over 30 years at 3.97% 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.

Stamp Duty Calculator

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