Summary - 158, Upper Lewes Road, BRIGHTON BN2 3FB
6 bed 2 bath End of Terrace
Freehold 6-bed investment with garden, HMO income and planning upside.
Freehold investment with two units (2-bed flat + 4-bed HMO)
A freehold investment on Upper Lewes Road configured as a lower-ground 2-bedroom flat and a 4-bedroom HMO, currently let and producing £48,600pa. The property retains Victorian character externally with decorative plasterwork and bay windows, and benefits from a good-sized rear garden — rare for central locations. Fast broadband and excellent mobile signal support student and professional tenants. Planning consent (BH2022/01497) has been secured for a front rooflight and rear dormer to create an additional bedroom, increasing rental potential.
The building is a compact end-of-terrace with an overall footprint suited to investors targeting students and young professionals. Interiors are a mix of modernised elements (a bright fitted kitchen in one unit) and rooms that will benefit from further maintenance; the property is described as a fixer-upper in places. Current income and the approved dormer create clear upside, but capital buyers should budget for ongoing works and periodic HMO maintenance.
Positioned close to London Road and Lewes Road amenities and The Level park, this property offers excellent letting demand and transport links. At the asking price of £600,000 and current rent of £48,600pa, the purchase offers a strong gross yield of about 8.1% before costs. This is a straightforward, income-producing purchase for an investor prepared to manage HMO compliance and carry minor refurbishment works.
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