Dyke Road, Brighton, East Sussex, BN1

Developers, investors, and forward thinking buyers will immediately recognise the immense, rare potential of this exceptional property. Currently operating as an active rental investment with reliable tenants in situ, it offers immediate income from day one.

Already boasting a generous 98 square meter footprint, the true value of this sale lies in its unique legal structure: the property is being sold with a brand new, extended lease that will officially incorporate both the basement and the outside area into the legal title. 

Planning permission has been achieved and concept designs have been included to demonstrate how this substantial space and unique topography can be utilised to maximise the square footage and create a new stunning, multi level home. 

Location wise, Dyke Road ticks every box by offering seamless access both in and out of the city, leading directly out to the A23 and A27. The dedicated off street parking space is an absolute lifesaver for regular drivers and a major premium for the area, while commuters will love that Preston Park Station is just a short stroll away, providing direct links to Gatwick and Central London. Excellent local schools and nurseries are nearby, and the vibrant shops, cafes, and restaurants of Seven Dials are just a scenic 10-to-15-minute walk from your front door.

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 winning bidder will pay £349.00 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 4.5% 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. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

• 1 - Bedroom 1

  5.34m x 3.4m - 17'6" x 11'2"
  Large double bedroom with built in wardrobes. High ceilings and huge west facing window

• 2 - Bedroom 2

  4.44m x 3.73m - 14'7" x 12'3"
  Another large room with another large window facing east this time.

• 3 - Living Room

  5m x 4.7m - 16'5" x 15'5"
  Huge!

• 4 - Bedroom 3

  3.36m x 2.59m - 11'0" x 8'6"
  South and West facing windows

• 5 - Kitchen

  3.33m x 2.83m - 10'11" x 9'3"
  Slate tiled floor and white metro tiled walls make for a clean and crisp look. Plenty of eye level and low level white gloss units. Gas hob and oven.

• 6 - Bathroom

  2.6m x 1.6m - 8'6" x 5'3"
  One of two decent sized family bathrooms

• 7 - Bathroom

  2.22m x 1.42m - 7'3" x 4'8"
  The second decent sized family bathroom!

• 8 - Basement

  5.5m x 2.8m - 18'1" x 9'2"
  Basement area.

Please note, all dimensions are approximate / maximums and should not be relied upon for the purposes of floor coverings.

Additional Information:

• Council Tax: Band D
• Tenure Type: Leasehold
• Ground Rent: £0.00 Every 12 Months