2 Bed House For Sale Elm Grove, Brighton, BN2

£400,000

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 21st June 2024

Description

FOR SALE BY AUCTION on 25th September 2024

Auction Guide £400,000+

Mid terraced freehold property loosely arranged as 2 x 1 bedroom flats as follows:

1 Bedroom ground floor flat with garden currently let with one currently let on an AST at an annual rent of £12,000.

1 Bedroom first floor flat currently vacant.

Potential rental income when fully let is likely to be £24,000 per annum.

Alternatively, the property would make an ideal home and income.
Agent Details
Parsons Son & Basley
32, Queens Road, Brighton, BN1 3YE
Show Contact Number
01273 326 171

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested