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Elm Grove Brighton

Wellington Road
Brighton
For sale by auction

Guide price

£145,000
LOT SOLD

About this property

Property Summary

FOR SALE BY AUCTION on 27th June 2024

Auction Guide £145,000 (OIEO)

Superb FULLY REFURBISHED during 2021, this superb one double bedroom apartment is situated on the ground floor of a purpose-built block, boasting communal outside space accessed directly from the flat itself.

The accommodation consists of a really good sized living room with open-plan fitted kitchen, tiled bathroom suite with shower facility whilst gas central heating and double glazed windows compliment the accommodation.

The flat is currently let on an AST that is currently holding over on a 2 month Notice basis at a passing rent of £13,200 per annum offering a potential yield of 9.1%.

TO PURCHASE WITH VACANT POSSESSION MAY BE POSSIBLE, PLEASE REFER TO AUCTIONEER.

Situated within this central and extremely popular location at the bottom of Elm Gove just off Lewes Road extremely close to the Level and a host of other facilities whilst an excellent bus service provides direct access into the city centre of Brighton.

Lease is for a period of 125 years from 27th February 1989 until 26th February 2114.

*Fees apply please refer to auction team*

EPC - C

Property Features

Property Features

  • This Property Has Been Sold By Auction
  • Fully Modernised Throughout During 2021
  • Spacious 1 Double Bedroom Ground Floor Flat
  • Communal Outside Space Accessed Directly From the Flat
  • Gas Central Heating and Double Glazed Windows
  • Feature Spacious Lounge With Open-plan Fitted Kitchen
  • Large Hallway with Storage
  • Patio Door to Communal Patio Area
  • Currently Let (Holding Over) at a Rent of £13,200 Per Annum Potentially Yielding 9.1 Percent
  • Vacant Possession Possible Please Refer to Auctioneer
Register to bid

Auction date and time

24th June 2026

Auction location

The Hove Club
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

Let's Talk

Lot and auction information, viewings and advice

Simon Caplin, Head of Auctions

Simon Caplin

Tel:
01273 762039

Email:
simonc@psandb.co.uk

Lucy

Lucy Rowland

Tel:
01273 762039

Email:
lucyr@psandb.co.uk

Important notice – Pre-registration approaval to bid, guide prices, reserves, additional charges and other matters

Pre-registration approval to bid
PS&B require all bidders who wish to bid at our Auctions to register beforehand. All checks required by current anti-money laundering legislation must be satisfactorily completed as part of this process before prior approval to bid will be given. Please use the links on our website to
pre-register.

Following approval to bid, the buyer named in your registration cannot be changed without consent (for which a charge might be made).

Guide Prices

  1. A guide price (to include a range of prices), is not an indication of the anticipated eventual selling price or a valuation; it is an indication of the minimum price ( “the Reserve” ) at which (or range of prices within which) the seller might be prepared to sell. The eventual sale price can and frequently does, exceed the guide price.
  2. Where a range is given, the Reserve will sit within that range and will not exceed the top end of the range. Where a single figure Guide Price is given, the Reserve will be within 10%, upwards or downwards, of that figure.
  3. The guide price may be subject to change up to and including the day of the auction. The latest published guide price (or range of prices) is displayed on our website and you should check the website regularly for updates and on the day of the auction.
  4. All guide prices are quoted “subject to contract”.
  5. Please note the guide price for the Lot does not include:
    – any Buyers’ Fee charged by the auctioneers;
    – VAT on the sale price;
    – SOLT or any other Government taxes;
    – additional costs and fees charged by the seller or third parties that might apply to some Lots and/or some buyers.
  6. If a guide price is listed as “TBA”, it means no guide price has been set at present. Please do not call our office about this – the guide price, or range of prices, will be published online immediately it becomes available and you should check the auction website regularly for updates and on the day of the auction.

Reserve Prices
The reserve price is the minimum price at which the Lot can be sold.

For more information see Important Notes for Bidders

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