Flat A-C, 1, 4, 6, 9 - 20, 30 Montpelier Road, Brighton

Description

Residential investment opportunity comprising 17 studio flats and 1 one-bedroom flat; central Brighton location close to the seafront; current rent stated as £187,074 per annum with 1 unit vacant; by order of the Fixed Charge Receivers.

Accommodation

As per the Tenancy Schedule. The property comprises 17 studio flats and 1 one-bedroom flat.

Location

Situated in the popular Montpelier area of Brighton, close to the city centre and within easy reach of the seafront. The surrounding area offers shops, cafés, restaurants and leisure facilities, with Western Road and Churchill Square nearby. Brighton railway station is approximately 1 mile away, with numerous bus stops within easy walking distance.

Tenure / Property Information

Investment Analysis

The £1,600,000 guide equates to approximately £88,889 per unit across 18 flats, before buyer fees and any VAT. The stated rent of £187,074 per annum implies an 11.69% gross yield on the guide price. The supplied sold comparables are individual leasehold flats on Montpelier Road, ranging from £150,000 to £290,399, but no sizes, condition, lease details or unit-level allocation are provided, so they do not support a reliable GDV for this multi-unit investment. No formal valuation, full tenancy schedule, service charge information or buyer-fee amount is supplied.

Investment Snapshot

Strategy Recommendation

Investigate as an income-hold opportunity rather than a refurbishment or flip, subject to full legal, tenancy, title, rent and building due diligence. Do not bid above a separately established valuation after adding buyer fees and any applicable VAT.

Works Required

No physical defects or refurbishment requirements are evidenced. Allow for verification and administration of the tenancy schedule, inspection of all 18 units, and preparation or letting of the one vacant unit; no quantified works allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be quantified because no supported GDV, refurbishment budget, buyer-fee figure or refinance valuation is available. The 125-year leases commenced on 29 September 2009, but the detailed lease and lenderability terms are not provided. The stated income may support an income-led strategy, subject to verification of rent, occupancy and title documentation.

Buy-to-Let Analysis

The stated current rent is £187,074 per annum with one unit vacant, equivalent to £15,589.50 per month and an 11.69% gross yield on the £1,600,000 guide price. This is based solely on the auction description, not external achieved-rent evidence. Net yield cannot be established because operating costs, service charges, management, insurance, maintenance, buyer fees and any VAT are not supplied.

Flip Analysis

A flip or sale-by-unit strategy cannot be reliably modelled. The supplied comparables are individual flats but lack size, condition, lease and unit-allocation details, while no selling allowance or supported portfolio GDV is provided. Estimated flip surplus is therefore unsupported.

Investor Risks & Due Diligence

• The stated £187,074 annual rent is auction information and is not independently supported by external rental evidence.

• One of the 18 units is stated to be vacant, creating immediate occupancy and reletting risk.

• The guide excludes the auctioneer's buyer fee and VAT may apply; the amounts are not supplied.

• The property is being sold by order of the Fixed Charge Receivers, requiring careful legal and title due diligence.

• Individual lease terms, service charges, restrictions and lenderability have not been supplied.

• No condition, EPC, council-tax, heating, insurance or operating-cost information is provided.

• The supplied sold comparables are individual flats and cannot by themselves establish the value of the 18-unit investment.

Recommendation

Investigate as an income-hold opportunity rather than a refurbishment or flip, subject to full legal, tenancy, title, rent and building due diligence. Do not bid above a separately established valuation after adding buyer fees and any applicable VAT.

Strategy Rating

Analysis Confidence

The stated rent, guide price, unit count, tenure and some local sold comparables are available, but there is no tenancy schedule, unit-level pricing evidence, condition survey, operating-cost data, buyer-fee amount, VAT position or supported GDV.