4 bed terraced house for sale

Preston Drove, Brighton BN1

Nestled in the desirable Preston Park area of Brighton, this attractive Victorian terraced house presents an excellent freehold investment opportunity. Spanning an impressive 1,540 square feet, the property has been thoughtfully converted into three self-contained flats, generating a substantial annual income of £45,600.
The building comprises two one-bedroom flats and one spacious two-bedroom flat, making it ideal for a variety of tenants. Each flat is designed to offer comfort and convenience, ensuring a steady demand in this sought-after location. This large property will cater to the needs of families or professionals alike.
Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property