1-bedroom flat · BN1 6AF
For saleReduced £5k (−2%) on 10 SepListed 243 days
Opportunity summary
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About
Description ***Guide Price £250,000 - £265,000*** knight & knoxley are delighted to present this wonderful period apartment, situated at the southern base of the open spaces of Preston Park, with a private entrance and a southwest-facing garden.
As you approach the property, steps lead down past a pretty tiered front garden to your private front door on the lower ground floor.
Once inside, there is a lobby for coats and shoes before a second door opens to the generous reception room, which runs the full width of this substantial building.
This room has wooden floors and fresh white walls, with a wide bay window overlooking the front garden.
Continuing along the hall, you reach the bedroom, which is another spacious room with French doors onto the lower patio.
Outside, steps lead up to a pretty decked area with space for a patio table and chairs.
This is a real sun trap, with a southwest aspect, meaning you can enjoy sunny summer days, well into the evening.
Back inside, the bathroom has been completely refurbished and has marble-effect tiles on the walls and floor, with matte-black fittings, including a thermostatic shower over the bath which has both a waterfall and handheld shower head.
There is also a crittall-style shower screen with black trim. The kitchen is at the back of the property and has modern gloss units in a warm white and a wooden floor.
There is an electric hob and fan oven, an integrated fridge freezer and an integrated washing machine.
The property is situated on Preston Road at the southern tip of Preston Park, which has large open spaces, tennis courts, a velodrome and two places to grab a coffee and a bite to eat - the Rotunda Café or the Chalet Café.
The Duke of York's Picturehouse, Brighton's much-loved and oldest cinema, is moments away at Preston Circus, screening a huge variety of films throughout the week.
St Augustine's Art's & Events Centre, which has a yoga studio and a café, is a few moments away.
A stroll down London Road will bring you to the vibrant Open Market which is home to independent shops, artist's studios and plaza traders, with stalls selling handmade arts and crafts and delicious food.
There are great local pubs and restaurants including the Open House, Signalman, Jolly Brewer, Preston Park Tavern and the Roundhill, all close by.
Brighton Mainline station is a 15-20-minute walk, with direct services to London Bridge and Victoria. London Road station is a ten-minute walk, with services to Lewes and beyond.
Several bus routes run close by including the 5,5A and 5B which will take you straight into town.
***Computer-generated images, virtual staging and photography are intended for illustrative purposes only and should be treated as general guidance only.
Prospective buyers should refer to the unedited images or view the property in person for accurate representation*** Council Tax Band: A Tenure: Leasehold (125 years) Ground Rent: £20 per year Service Charge: £1,351.5 per year
Value & comps
No previous sales on record.
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Returns
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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 117b Preston Road, Brighton
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