Summary - 430, PORTLAND ROAD BN3 5SJ
4 bed 1 bath Residential Development
Income-producing freehold with planning consent and parking close to transport.
- Mixed-use freehold with ground-floor café and upper four-bed HMO
- HMO gross income approximately £25,000 per year (includes bills, excl. electric)
- Planning permission granted for 3-bed house with parking (Ref BH2023/03157)
- Prime location directly opposite Portslade Station, high footfall
- Corner Victorian building with large windows and good visibility
- Requires modernization; single shower room for maisonette only
- Cavity walls likely uninsulated; glazing install date unknown
- Commercial can be sold vacant or as a going concern
A rare mixed-use freehold in a high-footfall location opposite Portslade Station, offered with a guide price of £650,000–£700,000. The ground-floor commercial unit currently operates as a café with catering kitchen and rear storage and can be sold with vacant possession or as a going concern. Above sits a four-bedroom HMO producing £25,000 pa (including bills, excluding electric).
Significant value is already secured: planning permission (Ref BH2023/03157) has been granted to build a three-bedroom, two-bath house with off-road parking on the adjacent plot accessed from Worcester Villas. The site benefits from a corner Victorian façade, decent plot size and existing parking, giving straightforward redevelopment or income-enhancement options for an investor or developer.
The property is structurally traditional mid-terrace stock with double glazing (unknown install date), cavity walls likely without insulation and gas boiler heating to radiators. The maisonette layout includes one shower room upstairs only and will require modernization to improve tenant amenity and energy performance. Buyers should allow budgets for upgrades, possible insulation works and kitchen/bathroom refurbishment to maximise rental or resale value.
This is a practical, high-return opportunity for an investor or small developer seeking immediate rental income plus redevelopment upside in a very affluent, well-connected area. The commercial footprint, HMO income and approved planning consent together create multiple exit routes — operate, convert, or redevelop — subject to standard due diligence.
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