Compton Avenue Brighton
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- For Sale by Auction on 25th September 2024
- Freehold Residential Investment
- As 2 Separate Self Contained Flats
- 1 Bedroom Ground Floor Flat With Garden and 2 Bedroom Upper Maisonette
- Let to Protected Tenants at a Passing Rent of 21,600 per annum
- Significant Future Uplift Potential in Both Rental and Capital Value
- Lower Ground Floor Flat Sold off on a Long Lease
Description
Auction Guide £400,000 to £425,000
Significant freehold residential investment arranged as 2 self contained flats as follows;
2 bedroom maisonette let to an Assured Tenant (single occupant) under The 1988 Housing Act at a passing rent of £9,600 per annum.
1 bedroom ground floor flat with private garden let to Statutory Tenants under The 1977 Rent Act at a passing rent of £12,000 per annum..
Total rental income of £21,600 per annum.
It is considered the property offers meaningful and very significant long term potential uplift in value whilst in the meantime provides for a good commensurate income return that is, in our opinion, able to be increased significantly in respect of the maisonette once landlords improvements have been implemented as we consider the market rent for the maisonette once updated to lie in the region of £19,200 per annum which would increase the overall rent to £31,200 per annum. On this point, buyers are advised to seek the advice of their rental and legal representative prior to making a binding commitment to purchase.
PLEASE NOTE THE TENANTS OF BOTH FLATS ARE PROTECTED FROM EVICTION UNDER THE RESPECTIVE ACTS AS MENTIONED ABOVE.
Brochures
Compton Avenue Brighton- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Compton Avenue Brighton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighton Station0.2 miles
- London Road (Brighton) Station0.6 miles
- Preston Park Station1.1 miles
About the agent
Parsons Son & Basley, Brighton
32 Queens Road, Brighton, BN1 3YE
PS&B have been providing professional property services since 1825 and is one of the oldest independent firms of Chartered Surveyors, Valuers and Estate Agents in the UK. We are responsible for the letting and management of thousands of properties throughout the UK and are well established in Brighton & Hove, Bognor Regis and Portsmouth.
With nearly 200 years of experience in selling and letting property, PS&B is steeped in a wealth of history and offers an unrivalled experience. Our de
Industry affiliations
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Visit our security centre to find out moreDisclaimer - Property reference 33213240. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parsons Son & Basley, Brighton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Parsons Son & Basley, Brighton on 01273 109882.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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