2 bedroom flat for sale

GUIDE PRICE: £175,000.

58 YEAR LEASE. CASH BUYERS ONLY.

ALLOCATED PARKING SPACE.

VACANT POSSESSION.

This property is for sale by the Modern Method of Auction.

The words ‘blank canvas’ spring to mind in this two-bedroom purpose-built apartment in Preston Village. It is brimming with potential to add value due to the excellent location where regular transport links and connections to London have ensured the area remains a property hot spot in the city.

It is formed within the ground floor of a modern development set back from Preston Road. Surrounded by mature trees and close to several picturesque parks, this apartment feels perfectly tranquil, yet there are plenty of local amenities nearby and the city is within walking distance. There is an allocated parking space with further free parking on Cumberland Drive (private road) and there are trains stopping every few minutes into Brighton or to London, so it would be ideal for professionals and commuters.

Style: Ground floor purpose-built apartment
Type: 2 bedrooms, 1 bathroom, 1 living/dining room, 1 kitchen
Location: Preston Village Conservation Area
Floor Area: 630sq.ft.
Outside: communal lawns
Parking: Allocated parking and free on-site parking on Cumberland Drive
Council Tax Band: B

Why you’ll like it:
Peaceful, leafy surroundings greet you in historic Preston Village which sits on the outskirts of the city while remaining well-connected by road and train to both the city centre and London. This area has been hugely popular with families and professionals alike for many years now due this favoured position close to several popular parks, schools and Preston Park Station. Here you find a range of architectural styles from 17th century cottages to modern developments, with this apartment sitting within the latter, on the grounds of a grand Victorian home on Preston Road.

You approach via Cumberland Road where there is a parking space for this flat and neat lawns surrounding low-rise buildings in pale gault brick. This property has easy access on the ground floor, offering a huge amount of potential for modernisation. While it has a neutral décor and fully functioning fittings, new owners can really enjoy putting their own stamp on the place as some areas are dated or in need of a little TLC.
There is plenty to play with, however, with good size rooms, secondary glazing to the windows and a dual aspect living room with a deep box bay window allowing plenty of space for a dining table and chairs alongside comfortable furnishings to relax in the evening. The kitchen across the hall offers plenty of storage and space for freestanding appliances and the bathroom has a generous shower cubicle.

Bedroom two is a roomy single which may fit a small double if needed, while the principal room is double with space for freestanding wardrobes and a chest of drawers.

This property is for sale by the Modern Method of Auction.

Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Agent’s thoughts:
With so much potential in a prestigious location, we do not expect this property to sit on the market for long.

Owner’s thoughts:
“The flat has so much potential, so we really hope the new owners breathe new life into the space and enjoy it for years to come. You cannot beat the location for convenience as there are trains and buses to take you everywhere, and there is a lovely sense of community among the residents of Shawcross House.”

Where it is:
Shops: Local 1 min walk, city centre 10 min bus ride
Train Station: Preston Park Station 2-3 min walk
Seafront or Park: Preston Park 4 min walk, Seafront 10 min bus ride
Closest Schools:
Primary: Balfour Primary, Westdene Primary
Secondary: Varndean and Dorothy Stringer, Cardinal Newman RC
Private: Brighton College

This ground floor flat is situated in a popular area with lots of local shops and plenty of green spaces on your doorstep. The city centre shopping districts and beach are also within easy reach, and this home also offers easy access to Preston Park Station and the A23/A27 which have direct and fast links along the South Coast and to the airports and London.