Freehold Terrace, Brighton, BN2 4AB
£550,000

FOR SALE

Park Facing View

Park Facing ViewStreet Facing ElevationFreehold Terrace, Brighton - Thumbnail 3Freehold Terrace, Brighton - Thumbnail 4

 

<!-- /* Font Definitions */ @font-face {font-family:SimSun; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-alt:宋体; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 680460288 22 0 262145 0;} @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4; mso-font-charset:0; mso-generic-font-family:roman; mso-font-pitch:variable; mso-font-signature:-1610611985 1107304683 0 0 159 0;} @font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4; mso-font-charset:0; mso-generic-font-family:swiss; mso-font-pitch:variable; mso-font-signature:-1610611985 1073750139 0 0 159 0;} @font-face {font-family:"\@SimSun"; panose-1:2 1 6 0 3 1 1 1 1 1; mso-font-charset:134; mso-generic-font-family:auto; mso-font-pitch:variable; mso-font-signature:3 680460288 22 0 262145 0;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-unhide:no; mso-style-qformat:yes; mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman","serif"; mso-fareast-font-family:SimSun; mso-fareast-language:ZH-CN;} .MsoChpDefault {mso-style-type:export-only; mso-default-props:yes; font-size:10.0pt; mso-ansi-font-size:10.0pt; mso-bidi-font-size:10.0pt; mso-ascii-font-family:Calibri; mso-fareast-font-family:Calibri; mso-hansi-font-family:Calibri;} @page Section1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} /* List Definitions */ @list l0 {mso-list-id:1648895920; mso-list-template-ids:12886836;} @list l0:level1 {mso-level-number-format:bullet; mso-level-text:; mso-level-tab-stop:.5in; mso-level-number-position:left; text-indent:-.25in; mso-ansi-font-size:10.0pt; font-family:Symbol;} @list l0:level2 {mso-level-tab-stop:1.0in; mso-level-number-position:left; text-indent:-.25in;} @list l0:level3 {mso-level-tab-stop:1.5in; mso-level-number-position:left; text-indent:-.25in;} @list l0:level4 {mso-level-tab-stop:2.0in; mso-level-number-position:left; text-indent:-.25in;} @list l0:level5 {mso-level-tab-stop:2.5in; mso-level-number-position:left; text-indent:-.25in;} @list l0:level6 {mso-level-tab-stop:3.0in; mso-level-number-position:left; text-indent:-.25in;} @list l0:level7 {mso-level-tab-stop:3.5in; mso-level-number-position:left; text-indent:-.25in;} @list l0:level8 {mso-level-tab-stop:4.0in; mso-level-number-position:left; text-indent:-.25in;} @list l0:level9 {mso-level-tab-stop:4.5in; mso-level-number-position:left; text-indent:-.25in;} ol {margin-bottom:0in;} ul {margin-bottom:0in;} -->

Fantastic Development/Investment Opportunity

Planning consent has just been granted for this potentially award winning contemporary residential development which consists of:

  • One X 2 bedroom town house with garden
  • One X 3 bedroom duplex apartment with a park facing roof garden and a balcony to lower floor
  • Two X 2 bedroom apartments (one with a park facing balcony and one with a garden)
  • Three X 1 bedroom apartments (two with south and park facing balcony and one with front and rear gardens)

The site abuts the local regeneration area leading up to the main University corridor on Lewes Road, Brighton. The site is literally one minute from local amenities and has a good commuter link to the City Centre and London and it directly overlooks the local park.

LOCAL AMENITIES:

Sainsburys: 1 minute University: 1 minute Bus Stops: 1 minute Cycle Lane: 30 seconds Taxi Rank: 1 minute Garage: 1 minute Petrol Station: 1 minute Park: 10 seconds Public Houses: 1 minute Schools & Colleges: 3, 5, 10 & 15 minutes respectively Recycling Centre: 2 1 minute Internet Cafe: 2 minutes Restaurants, Takeaways & Cafes: 2, 4, 5 & 10 minutes respectively Religious Centres: 1 & 3 minutes respectively

 

FURTHER POTENTIAL PRIVATE

Subject to LPA consent, the architect has also confirmed that the site could potentially accommodate another 2 units without any major alteration to the footprint of the approved scheme and the configuration would then be:-

  • One X 3 bedroom duplex apartment with a park facing roof garden and a balcony to lower floor
  • Three X 2 bedroom apartments (one with a park facing balcony and one with a garden)
  • Five  X 1 bedroom apartments (two with south and park facing balcony and one with front and rear gardens)

There is also a double garage on the west of the site and the additional land could be purchased in order to create more amenity or parking spaces

 

FURTHER POTENTIAL FOR AN RSL

The site could also potentially accommodate 10 STS standard units of accommodation for an RSL subject to LPA consent and the architect has now confirmed that the configuration could be:-

  • One X 3 bedroom 70sqm duplex apartment
  • Six  X 2 bedroom 60sqm units
  • Three  X 1 bedroom apartments units

There is also a double garage on the west of the site and the additional land could be purchased in order to create more amenity or parking spaces

This is an ideal investment opportunity for a small builder, developer or investor due to its low build cost and proximity to local amenities, universities etc.

The site is currently occupied by a large detached house with 4 bedrooms, 2 reception rooms, a large attic room and a large detached double garage. The house currently achieves a rental income of £1,900 per month and this should be sufficient to cover a mortgage payment until additional consent is achieved subject to LPA consent. The large attic room and one of the reception rooms could also accommodate 2 additional bedrooms and the potential rental income could be in the region of £2,700 per month.

For construction purposes, the internal floor space is circa 446.5sqm

Site swap or part JV deals can also be considered.

All interested parties are required to submit their best and final offer in writing to the vendor: Mr E Barrett c/o 25 Roedean Crescent, Roedean, Brighton, BN2 5RG. Please clearly mark the envelope with the reference "Freehold Terrace".

OFFERS IN EXCESS OF: £550,000

For additional information please contact Mr Barrett on 07900 881604

 

  • Bedrooms: 10
  • Receptions: 7
  • Garages: 0
  • Other rooms: 0
  • Gardens: 5

Overview

 

Reception Room 1

 

Reception Room 2

 

Kitchen 1

 

Bedroom 1

 

Bedroom 2

 

Bedroom 3

 

Bedroom 4

 

Other room 1

 

Further information

 

Misrepresentation Act 1967
These particulars are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract.