Introducing Gladstone Place, a remarkable Freehold property offering an exceptional investment opportunity in the vibrant city of Brighton. This impressive residence is presently configured as three separate flats, making it a fantastic option for investors seeking a steady income stream. Currently, all three flats are tenanted, yielding healthy monthly rents.
Due to the property's excellent location, situated directly off of Lewes Road, and owing to the size and configuration of each flat, this investment is a safe bet in a changing property market. The flats perform consistently well on the rental market, and appeal to various renter demographics, including students, working professionals and families. The property also retains profitable future resale options as a continued investment or for a residential buyer.
First Floor
- 2 bedroom flat
- Furnished
- Fixed term AST until Aug 2023
- £1,200 PCM / £14,400 PA
- Current Re-let market value of £1,350 PCM / £16,200 PA
- EPC: D
Ground Floor
- 1 bedroom flat
- Unfurnished
- Periodic rolling AST in place
- £950 PCM / £11,400 PA
- Current Re-let market value of £1,100 PCM / £13,200 PA
- EPC: C
Lower Ground Floor
- 1 bedroom flat
- Furnished
- Fixed term AST until Jan 2024
- £1,150 PCM / £13,800 PA
- Current Re-let market value of £1,250 PCM / £15,000 PA
- EPC: D
Total current rental at: £3,300 PCM / £39,600 PA / 5.4% Gross yield PA Vs asking
Proposed future rental at: £3,700 PCM / £44,400 PA / 6% Gross yield PA Vs asking
