20 Agnes Street, Brighton, BN2 3AS

Description

Vacant 3 x Bedroom Terraced House. Freehold period mid-terrace house comprising; living room, dining room and kitchen. To the first are 3 x bedrooms and a bathroom. The property has benefit of a private rear garden.

Accommodation

Living Room - 3.8 x 3.5; Dining Room/Bedroom 4 - 3.4 x 3.2; Kitchen - 3.4 x 2.7; Bedroom 1 - 3.5 x 3.4; Bedroom 2 - 3.4 x 3.2; Bedroom 3 - 2.7 x 2.4; Bathroom - 2.1 x 1.2; Total Floor Area - 75 sq.m, (TAKEN FROM THE EPC)

Location

Agnes Street is situated just minutes away from William Clarke Park and Lewes Road, offering a variety of cafes, shops, retail, restaurants, bars and entertainment facilities. The North Laines and Brighton Mainline Railway Station are just over a mile away (London Victoria 62 minutes).

Tenure / Property Information

Investment Analysis

Land Registry comparables on Agnes Street range from £495,000 to £555,000 for 2024–2026, with the latest at £555,000. The £520,000 base GDV uses the most recent comparable set but remains indicative because comparable sizes and condition are not supplied. The £3,250 pcm figure is an advertised asking rent only.

Investment Snapshot

Strategy Recommendation

Potential BTL subject to verifying the asking rent, condition, legal pack and full acquisition costs. Do not bid without a survey-led works budget.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a survey and inspect the property before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide is below the £520,000 base GDV evidence, and 75% of base GDV is approximately £390,000. However, refurbishment, finance, acquisition and refinancing costs are not sufficiently evidenced, so cash left in and project viability cannot be calculated reliably.

Buy-to-Let Analysis

At the £425,000 guide, the advertised £3,250 pcm rent implies approximately 9.18% gross yield before finance, management, maintenance, voids, tax and acquisition costs. This is based on asking rent rather than achieved rent. Total-cost yield cannot be established because refurbishment and other purchase costs are unavailable.

Flip Analysis

The guide-to-GDV spread is approximately £95,000 before the 1% administration fee, refurbishment, finance, selling costs and tax. A reliable flip surplus cannot be calculated because works and selling allowances are unsupported.

Investor Risks & Due Diligence

• The rental evidence is an advertised asking rent, not achieved rent.

• Property condition and refurbishment costs are not supplied.

• Administration fee is payable at 1% of the sale price, with additional possible disbursements and legal or transfer charges.

• Comparable property sizes and condition are not provided.

• Vacant possession means rent is not currently passing.

Recommendation

Potential BTL subject to verifying the asking rent, condition, legal pack and full acquisition costs. Do not bid without a survey-led works budget.

Strategy Rating

Analysis Confidence

There are several directly comparable completed sales and one rental asking figure, but no condition report, achieved rent, property-specific costs, refurbishment budget or selling allowance.