Situated in the Elm Grove area of Brighton is this generous house, currently split into two apartments with tenants in situ, it would make an ideal investment opportunity.
The ground floor apartment has a good sized living room with a feature fireplace and an abundance of light, as well as a large west facing courtyard garden. There is also a rare and unusual feature within the kitchen/breakfast room of an original inset range cooker (not working).
Venture upstairs, to what is currently arranged as the top apartment, with a spacious lounge area to the front and an original box bay window. The double bedroom can be found in the middle of the upstairs and has fitted storage either side of the chimney breast. A good sized kitchen/breakfast room can be found to the rear and has the addition of an extension, presently used as a breakfast area but would make an ideal study area/office space for those who work from home, with far reaching rooftop and down land views. The loft space is accessed from this apartment and it is thought (STNC) that this could be converted into a further possible bedroom to create a two bedroom apartment.
Only a short distance away from the vibrant city centre and Brighton’s mainline train station; this home is well presented and maintained and would be an ideal investment.
The predicted rental income from this property is as follows;
Ground Floor One Bedroom - £900
Top Floor One Bedroom - £875 – Total Gross Yield – 4.7%
Top Floor (converted to two bedrooms) £1150 – Total Gross Yield – 5.5%Reference: 228440
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