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10 Eastern Terrace Mews, Brighton, BN2 1EP

Guide Price

£340,000

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Guide Price

£340,000

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Residential

house

terraced house

Vacant

10 Eastern Terrace Mews, Brighton, BN2 1EP

2

bed

1

bath

1

reception

Council tax: D

Freehold

Rare Residential Opportunity

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Description

  • PRIME NEW LISTING. We are excited to present this vacant 2 bedroom terraced mews house located within a prime location in Brighton.

  • **17, Eastern Terrace Mews, Brighton BN2 1EP sold for £425,000** **Flat 2, 40, Arundel Place, Brighton BN2 1GD sold for £495,000** **43, Great College Street, Brighton BN2 1HJ sold for £560,000**

  • This property could potentially achieve between £1,400 to £1,500 in monthly rental income. This provides a promising annual return of £16,800 to £18,000, equating to a generous 5% yield based on the guide price.

  • The property is in immaculate walk-in condition with a contemporary design. It boasts fantastic local amenities and transport links, making it an unmissable opportunity for any potential buyer searching for their dream home. Furthermore, it holds great potential for customisation.

  • Initially used as a serviced accommodation unit, the property offers the potential to achieve £200 per night. With a 70% occupancy rate, this could provide an impressive income of £51,100 per annum, aligned with local comparables. This is subject to obtaining the necessary licensing and information.

PRIME NEW LISTING. We are excited to present this vacant 2 bedroom terraced mews house located within a prime location in Brighton.

The property comprises an inviting entrance hallway, a well-equipped kitchen, a W.C., a bathroom, a large and comfortable bedroom, a spacious double bedroom, a practical cloakroom, and a delightful balcony perfect for relaxation.

This property could potentially achieve between £1,400 to £1,500 in monthly rental income. This provides a promising annual return of £16,800 to £18,000, equating to a generous 5% yield based on the guide price.

The property is in immaculate walk-in condition with a contemporary design. It boasts fantastic local amenities and transport links, making it an unmissable opportunity for any potential buyer searching for their dream home. Furthermore, it holds great potential for customisation.

Initially used as a serviced accommodation unit, the property offers the potential to achieve £200 per night. With a 70% occupancy rate, this could provide an impressive income of £51,100 per annum, aligned with local comparables. This is subject to obtaining the necessary licensing and information.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**17, Eastern Terrace Mews, Brighton BN2 1EP sold for £425,000** **Flat 2, 40, Arundel Place, Brighton BN2 1GD sold for £495,000** **43, Great College Street, Brighton BN2 1HJ sold for £560,000**

Entrance Hallway Kitchen 14'4 x 8' Sitting Room 11'6 x 9'9 Bedroom 14'6 x 9'7 Bedroom 8'3 x 7' Carport 15'6 x 9'3

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Brighton is a vibrant coastal city known for its lively arts scene, historic landmarks, and beautiful beaches. It boasts an eclectic mix of shops, cafes, and restaurants, along with excellent transport links to London and other major cities. Perfect for both residents and visitors, Brighton offers a unique blend of seaside charm and urban excitement.

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10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£46,240

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.