Summary - 4 FLAT 4 TORONTO TERRACE BRIGHTON BN2 9UW
1 bed 1 bath Studio
Immediate rental income with quick completion for cash buyers.
Ground-floor studio with private outdoor patio
A ground-floor studio with private patio offered for sale by unconditional auction, presented with a solvent tenant in place and an advertised rental of £750pcm. Located in a lively, well-connected neighbourhood a short walk from the city centre, mainline station and local universities, the flat provides immediate income for a cash buyer prepared for auction conditions.
The apartment sits in a Victorian terrace and combines period character externally with a compact modern kitchen internally. Service charge and ground rent are low (£150 p.a. payable half-yearly and £37.50 p.a. respectively) and council tax is in the lowest band, keeping ongoing costs down. Broadband and mobile signals are strong and crime levels are low in the area.
Buyers should be aware of a material downside: 64 years remain on the lease. This is likely to prevent many mortgage lenders from lending, meaning the lot is aimed primarily at cash purchasers or buyers prepared to refinance after lease extension. The sale is subject to auction costs including a buyers’ premium and a 28-day completion requirement, so purchasers must be ready to proceed quickly.
There are signs the property would benefit from light modernization and there are notes of possible damp/mould risk externally—factor refurbishment costs and inspections into any offer. For an investor seeking immediate yield and a central location, this presents a clear opportunity; for those needing mortgage finance or a long lease, it carries significant limitations.
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