Property · BN1 6HL
Listing removedListed 76 daysAuction 9 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by auction on Wednesday, 09 Sep 2026 at 2.30pm Venue: Live Stream A single leasehold garage within a block of garages, with up and over door.
The garage is being sold with vacant possession and is located within a popular residential area.
Situation The garage is situated within the Preston Park Conservation Area on the East side of Preston Park Avenue and is accessed via a shared driveway to the right of 23 Preston Park Avenue.
Preston Park railway station is less than a mile away, offering direct links to London and Gatwick. The A23 / A27 road network is also easily accessible to the North.
Location Pin (What3Words): Phones.brain.tester Measurements Minimum Width - 2.1 Minimum Height - 1.9 Max Length - 4.9 Max Height - 2.2 **Interested parties must rely on their own measurements** nb we draw your attention to the special conditions in the legal pack, and other charges in addition to the purchase price.
Please ensure you review the legal pack and read the special conditions thoroughly Tenure Leasehold - 125 year term from 25th March 1992 - (approximately 90 years remaining).
Ground Rent - £25.00 pa Lot Type Garage Additional Fees Administration Charge - Purchasers will be required to pay an Administration fee of 1% (inc VAT) of the sale price, subject to a minimum of £1,750 (inc VAT) Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Garage 3, 23 Preston Park Avenue, Brighton
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