Compact auction opportunity close to seafront and station for hands-on buyers.
Auction sale — Guide Price £60,000
Large single studio room, 39 sqm total floor area
Requires full modernisation throughout
Leasehold with circa 57 years remaining — lender risk
Ground rent £160 escalating every 25 years
Electric room heaters; likely poor insulation, higher running costs
Walking distance to seafront, shops and Brighton station
Council Tax Band A — low annual charge
A compact first-floor studio in Hanover offered at auction with clear potential for a hands-on buyer. The 39 sqm layout includes a large studio room, small kitchen and shower room; the flat requires full modernisation and updating throughout.
This property is priced to reflect scope for improvement and its limited lease term. There are approximately 57 years remaining; many mortgage lenders may refuse to lend, so purchasers should plan for a cash purchase or specialist financing and review the legal pack for additional charges and ground rent review dates.
Location is a strong selling point: walking distance to local shops, parks and Brighton seafront, and roughly a mile from Brighton station. Low crime, fast broadband, excellent mobile signal and cheap council tax band A help running costs. Electric room heaters and assumed uninsulated solid brick walls mean heating is currently inefficient and will benefit from investment.
Suitable for investors, buy-to-let specialists, or refurb-minded buyers looking for a low-entry-angle purchase in a popular student and professional area. Be aware the property will be sold at auction; check legal documents and factor in renovation costs, possible lease extension expense, and the ground rent schedule before bidding.
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