Picton Street
South East
£400,000
Listed on 08/10/2026
Listed on 08/10/2026
The listing
Property details
Bedrooms
4Type
TerracedArea
797 sqftFeatures
- Garden
- HMO
Description
This vacant freehold Victorian terrace has previously been used as a four-bedroom HMO and is offered chain free. The ground floor has two reception rooms, a kitchen with fitted base and wall units, and a bathroom with a shower over the bath. The listing notes that the reception rooms could be opened up to form a larger living area, with patio doors leading to a south-facing patio garden. Upstairs are three bedrooms, including a larger principal room overlooking the street. The property is described as having scope for modernisation, with the option to reconfigure it for family use or retain an investment layout, subject to any necessary checks and approvals.
Recent works stated by the seller include a new flat roof, re-rendering and painting to the front elevation, and replacement fascia and guttering. Picton Street is described as a no-through road, close to Lewes Road shops and bus services, Brighton Station, William Clarke Park, and local primary and secondary schools. The property has mains gas, electricity, water and sewerage, permit parking applies, and the listing reports very low flood risk.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
51out of 100
Grade DWeak opportunity
Confidence: MEDIUM
This is a usable four-bedroom Victorian terrace with a clear, manageable refresh project: update the older finishes, improve the worn timber floors and give the enclosed south-facing patio a lift. The two reception rooms offer scope to create a more open living area, subject to feasibility, while the reported new flat roof, frontage re-rendering and painting, fascia and guttering are useful recent works. Its quiet no-through road, access to the city and station, and nearby parks and schools add appeal.
At £400,000, the asking price is about £502/sq ft, above the local average of £472, so price/value is a weakness rather than a bargain signal. The score is a D overall, and the economics are soft: purchase plus the renovation midpoint looks tight against local benchmarks, before fees or stamp duty. There is still a straightforward canvas for a buyer who values the location and can keep the refresh costs controlled.
Key opportunities
- Refresh the older decoration and worn timber floors across the usable interior.
- Improve the enclosed south-facing patio, which has direct access from the reception area.
- Consider opening the two reception rooms to create a larger living space, subject to structural feasibility and approvals.
Key risks
- Purchase plus the estimated refurbishment midpoint looks tight against local benchmarks, before fees or stamp duty.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% 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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