Picton Street, Brighton BN2
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
- Tenanted
Description
This vacant freehold Victorian terrace has previously been used as a four-bedroom HMO and is offered chain free with scope for modernisation. The ground floor has two reception rooms, with patio doors opening to a south-facing patio, alongside a separate kitchen and a bathroom with a shower over the bath. Upstairs are three bedrooms, including a larger principal room overlooking the street. The listing describes the property as having mains gas, electricity, water and sewerage, and notes permit parking in Zone V.
The vendor reports recent repairs including a new flat roof, re-rendering and painting to the front elevation, and replacement fascia and guttering. The two reception rooms could potentially be opened into one larger space, subject to checking feasibility. The property is close to Lewes Road shops and bus services, William Clarke Park, and local primary and secondary schools, with access to Brighton city centre and the station.
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 Victorian terrace with a clear, manageable refresh project: older finishes and worn timber floors offer scope to improve presentation, while the front has already been re-rendered and painted and the listing reports recent roofline works. The two reception rooms could potentially be opened up to create a larger living space, subject to checking feasibility; the enclosed patio also gives you an outdoor area to tidy and make more inviting.
At £400,000, the asking price is about 6.4% above the local average on a £/sqf basis, so price is not a particular strength. The purchase price plus the estimated refurb midpoint also looks tight against local benchmarks, making the numbers less compelling even for a light project. Its quiet street, access to the city and station, and potential to suit either family living or continued investment use remain positives.
Key opportunities
- Refresh the older decoration and assess whether the worn exposed timber boards can be sanded and finished.
- Explore opening the two reception rooms into a larger living space, subject to structural feasibility and any required approvals.
- Improve the enclosed patio with cleaning and modest planting; the reception room already opens onto it.
Key risks
- Purchase price plus the estimated refurbishment midpoint looks tight against local benchmarks.
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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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