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Get brand editions for Spencer & Leigh, Brighton

Buckingham Road, Shoreham-By-Sea

Guide Price
£900,000
Reduced on 11/05/2021
Spencer & Leigh, Brighton
PROPERTY TYPE
House
BEDROOMS
×7
BATHROOMS
×4

Key features

  • Unique investment opportunity
  • Entire freehold building arranged as 4 self contained flats
  • Potential annual yield of circa 5.5%
  • West facing rear garden
  • Block paved parking for residents
  • Original features & character
  • Gas fired central heating
  • Potential for home & income
  • Sought after location
  • Viewing recommended via Spencer & Leigh, Sole Agent

Property description

Tenure: Freehold

GUIDE PRICE £900,000-£950,000

A unique opportunity to purchase this attractive freehold building currently arranged as four self contained flats, although the top floor split level flat requires complete renovation. Making an ideal investment, we would expect to achieve an annual yield of 5.5% with all four flats under occupancy. There is huge additional potential to utilise the building as a home and income or convert back to it's former glory as one magnificent family home. At present, the lower ground floor features a well presented two bedroom flat with a modern kitchen and bathroom. This flat has the allocated use of half of the West facing rear garden. The ground floor two bedroom flat is a similar size to the lower ground and unusually has it's own private entrance. The one bedroom flat is located at the front portion of the first floor and has been refurbished in recent years. At present, the top floor split level flat is uninhabitable, however, once renovated would produce a spacious two bedroom maisonette with a splendid view. Our vendor anticipates refurbishment costs to be circa £40,000 - £50,000 to complete this part of the building. The remaining part of the rear garden is shared between these three flats on a communal basis. A block paved parking area was added in 2021 resulting in plenty of off road parking for the residents. The individual flats do not have leases at present, however, these could be produced at a later time by a new owner if required. Each flat does however, have individual utility supplies. Although the flats are occupied by tenants at present, vacant possession can be provided. The location is particularly sought after being within a stones throw of Shoreham High Street with it's many cafes, bars and restaurants. The open green space of Buckingham Park is also only a short walk away. Contact Spencer & Leigh, the vendor's Sole Agent to arrange your viewing.

Flat A Entrance -

Flat A Lounge - 5.00m x 3.68m (16'5 x 12'1) -

Flat A Kitchen - 3.07m x 1.98m (10'1 x 6'6) -

Flat A Bedroom One - 4.17m x 3.35m (13'8 x 11'12) -

Flat A Bedroom Two - 4.19m x 3.18m (13'9 x 10'5) -

Flat A Bathroom - 2.74m x 2.26m (9'0 x 7'5) -

Flat B Entrance -

Flat B Lounge - 5.13m x 3.81m (16'10 x 12'6) -

Flat B Kitchen - 3.07m x 2.01m (10'1 x 6'7) -

Flat B Bedroom One - 4.29m x 3.35m (14'1 x 11'0) -

Flat B Bedroom Two - 4.19m x 3.23m (13'9 x 10'7) -

Flat B Shower Room - 2.82m x 1.68m (9'3 x 5'6) -

Flat C Entrance -

Flat C Reception Room - 4.19m x 3.05m (13'9 x 10'0) -

Flat C Kitchen - 3.30m x 2.13m (10'10 x 7'0) -

Flat C Bedroom - 5.03m x 3.81m (16'6 x 12'6) -

Flat C Shower Room -

Flat D Entrance -

Flat D Lounge/Kitchen -

Flat D Bedroom One -

Flat D Bedroom Two -

Flat D Bathroom -

Flat D Separate W.C -

Brochures

Buckingham Road, Shoreham-By-SeaBrochure
Energy Performance Certificates

Buckingham Road, Shoreham-By-Sea

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shoreham-by-Sea Station0.1 miles
  • Southwick Station1.6 miles
  • Lancing Station2.3 miles
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About the agent

Spencer & Leigh, Brighton

108 Old London Road, Patcham, Brighton, BN1 8YA

Spencer & Leigh Estate Agents are situated in the heart of Patcham Village, occupying a prominent position in the High Street. This fantastic location enables them to service vendors within Brighton & Hove as a whole, however, they specialise in the following areas:- Patcham, Brangwyn, Westdene, Withdean, Preston Park, Hollingbury, Coldean and Hollingdean.

Incepted in 2003, Spencer & Leigh was formed and continues to be run by Spencer Turner and Leigh Brand, being widely recognised as a

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Disclaimer - Property reference 30507337. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Spencer & Leigh, Brighton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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