1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold
- Large One Bedroom Flat
- Great Location
- Requiring Modernisation
- Ideal for First Time Buyer
- For Sale by Modern Auction
- Subject to Reserve Price & Reservation Fee
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
The forever popular Portland Place is situated right in the heart of the Kemp Town village. These fabulous Grade I listed houses were originally designed by the famous Charles Augustus Busby around 1829-1850 and is still a hugely desirable street leading down to the Brighton’s famous seafront.
The property is located towards the rear of the building on the ground floor. The entrance hallway is nicely maintained. The property itself consists of an open plan kitchen and living space, a shower room with a separate WC, and a good sized bedroom.
This apartment is in need of modernisation throughout; but would be ideal for a first-time buyer or a buy to let investor looking to add some value.
This idyllic apartment is right in the heart of Kemp Town village with its boutique shops and cafes as well as gastro pubs, offering a cosmopolitan ambience and lets not forget our greatest treasure the seafront. Kemp Town’s seafront is undergoing a fantastic regeneration including a brand new boardwalk which runs all the way from Dukes Mound to the Marina.
There is a new heated Olympic-size outdoor swimming pool, which opened in spring 2023, this can be accessed by a Victorian lift which is currently being restored. In February the council voted in favour of a budget amendment for an additional £3.65m cash injection for Madeira Terrace. The first phase of restoration, to restore 30 arches began in October 2023.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Council Tax Band A
Ground Rent: N/A
Maintenance: £835.70 Per 6 months
Lease: 161 year lease remaining
*Please note that all leasehold information relating to length of lease or ground rent & service charges has been supplied to us by the seller.*
Places of interest
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Property reference BRI230696. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Mishon Mackay - Seven Dials.
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Broadband availability and predicted speed: obtained from Ofcom on March 13, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 13, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on October 15, 2018 from 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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