1 bedroom apartment for sale

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1 bedroom apartment for sale

Freehold Terrace, Brighton
£1,650,000

Price History

Initial price £1,700,000
26/03/25 £1,650,000
Price Change -2.94%

Description

This modern, well-presented residential development in a highly sought-after location offers a rare and secure investment opportunity. The property comprises seven self-contained apartments, ranging from one to three bedrooms, each with private outdoor space, including gardens, balconies, or terraces. The apartments are finished to a high modern standard, with fitted kitchens and bathrooms, gas-fired central heating systems, and a mix of carpet, wood veneer, or tiled flooring. The property generates a total rental income of £9,440 per month, equivalent to £113,280 per annum, before management costs. The freehold interest is being offered for sale at £1,650,000, subject to existing tenancies and rental income, which would generate a Gross Initial Yield of approximately 7.03%. Two adjacent garages are also available for purchase at a combined price of £50,000.