2-bedroom flat · BN1 6SJ
Sold STCListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
INTERNAL VIEWINGS AVAILABLE ON REQUEST. ANOTHER SALE AGREED BY CHARTERS PRESTON PARK SALES OFFICE.
Brimming with potential for modernisation to add considerable value, this spacious two-bedroom maisonette is also brilliantly located just seconds from Preston Park Station, so it will appeal to commuters.
It is formed within the ground and lower floors of a Victorian villa extension in Preston Village, looking out over a pretty, scented front garden.
It is naturally light with generous room proportions, and while it is in need of complete renovation, it offers a huge opportunity for investors, developers and first-time buyers looking to live in a prime location within the city without paying a premium price.
With the addition of a share of the freehold – we do not expect this property to stay on the market for long.
Style: Ground and lower floor maisonette Type: 2 double bedrooms, 1 living room, 1 bathroom Location: Preston Village Floor Area: 744sq.ft Outside: Scented front garden Parking: Permit parking zone K Why you’ll like it: Peacefully positioned in Preston Village, this apartment gets the best of both worlds as it has all the elements of ‘village’ life while also being brilliantly well-connected to Central Brighton and London.
This property sits to the front of the modern extension to the property which gives it wide picture windows to fill it with natural light.
These have been double glazed for added energy efficiency, and while the majority of this property requires renovation, these are in fine fettle.
It is formed from the ground and lower ground floors of the extension, so it feels particularly spacious when you enter.
You step first into the living room which forms a large L shape offering ample space for formal dining and relaxed seating.
Is it a dual aspect room bringing in plenty of light from east to west, and to the front, the room looks out over the garden while remaining completely private as it is set well back from the street.
The kitchen is adjoining and will need replacing – yet the space allows for plenty of storage and all your fitted appliances.
Steps lead down to the bathroom on the landing which again is dated with a retro feel.
While it has a bath and shower which are in working order, it would be preferable to replace the suite and modernise to add value and style to the room.
Stepping down again, there are two bedrooms with peaceful views, and both are fine size doubles with space for king beds and freestanding furnishings – ideal for professional sharers or families.
There is a built-in cupboard with plumbing for a washing machine, but this could be moved to the kitchen if desired.
Agent’s thoughts: It is very rare to see properties offering this much potential coming up for sale in this area.
With a share of the freehold and the opportunity to add such value to the space, we feel this property will be snapped up. Owner’s secret “This property has been in our family for many years.
It is a lovely area to live in as it is peaceful yet well-connected, so we only hope the next inhabitants enjoy breathing new life into the space." Where it is: Shops: Local 3 min walk, city centre 4 min train ride/10-15 min bus Train Station: Preston Park Station 1 min walk Seafront or Park: Preston Park 4 min walk, Seafront 10-15 min bus ride Closest Schools: Primary: Balfour Primary, Westdene Primary Secondary: Varndean and Dorothy Stringer, Cardinal Newman RC Private: Brighton College This maisonette is perfectly situated in a popular area with lots of local shops and plenty of green spaces on your doorstep.
The city centre shopping districts and beach are also within easy reach, and this home also offers easy access to Preston Park Station and the A27/A23 which have direct and fast links to the airports and London.
Should a purchaser(s) have an offer accepted on a property marketed by Brand Vaughan Estate Agents, they will need to undertake an identification check.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service to verify your identity.
The cost of these checks is £60 inc. VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Clermont Terrace, Brighton, BN1
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