Summary - Top Floor, 85 Preston Drove BN1 6LD
4 bed 3 bath Terraced
Three flats in a sought-after conservation area, ready for value uplift.
Freehold building converted into three self-contained flats generating £45,600 pa
Gross yield approximately 5.96% at asking price of £765,000
Victorian features: high ceilings, large windows, decorative red-brick facade
1540 sq ft total; two 1-bed flats and one 2-bed flat
Sold via modern auction — reservation fee, buyer fees and 56-day completion apply
Likely no insulation in cavity walls; energy upgrades may be needed
Small plot with probable limited or no private garden; on-street parking only
Flats need modernisation to optimise rental value and compliance
This Victorian mid-terrace in Preston Park is offered as a freehold investment: three self-contained flats (two one-bed, one two-bed) producing £45,600 pa. At the guide price of £765,000 the property presents a gross yield of about 5.96%, with 1,540 sq ft overall and strong local rental demand from professionals and students.
The building retains period features — high ceilings, large windows and decorative brickwork — but the flats show signs of age and will benefit from targeted modernisation to maximise rent and capital value. Construction details indicate cavity walls with assumed no insulation and mains gas central heating via boiler and radiators; buyers should allow for energy-efficiency improvements and potential electrical or communal upgrades.
Important sale conditions: this lot is being sold by modern auction. A non-refundable reservation fee (4.5% of the purchase price, minimum £6,600 inc VAT) applies, together with additional buyer fees and a 56-day completion timetable. Prospective purchasers must complete ID checks and review the buyer information pack; the pack may not disclose all defects, so surveys are recommended.
Location strengths include Preston Park conservation area, convenient access to local amenities, good broadband speeds and reputable nearby schools. Note limited external/private outdoor space is likely and on-street parking only. The property is best suited to investors seeking an income-producing freehold with scope to increase returns after renovation.
6 bedroom house for sale in Upper Lewes Road, Brighton, BN2 — £600,000 • 6 bed • 2 bath • 1401 ft²
5 bedroom terraced house for sale in Park Crescent Terrace, Brighton, BN2 — £450,000 • 5 bed • 1 bath • 1297 ft²
2 bedroom apartment for sale in 9 Port Hall Street, Brighton, East Sussex, BN1 5PJ, BN1 — £240,000 • 2 bed • 1 bath • 665 ft²
4 bedroom terraced house for sale in Fantastic Investment!! Byron Street, Hove, BN3 — £450,000 • 4 bed • 3 bath • 1509 ft²
1 bedroom apartment for sale in Millers Road, Brighton, BN1 — £165,000 • 1 bed • 1 bath • 471 ft²
1 bedroom apartment for sale in Flat 2, 16 Florence Road, Brighton, East Sussex, BN1 6DJ, BN1 — £200,000 • 1 bed • 1 bath • 624 ft²
