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See how verdicts work2-bedroom flat · BN3 1AY
For saleReduced £10k (−3.4%) on 16 OctListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A charming and newly refurbished two-bedroom ground floor apartment, ideally situated in a prime Hove location, just moments from the seafront and the vibrant amenities of Western Road.
Stepping inside, a welcoming entrance hallway leads through to the spacious bow-fronted living/dining room.
Filled with an abundance of natural light from its large windows, this impressive reception space provides an ideal setting in which to relax, unwind and dine.
Positioned just behind the living room is a stylish newly fitted Shaker-style kitchen, while a contemporary shower room is conveniently located off the hallway.
Completing the accommodation to the rear are both bedrooms.
Waterloo Street is superbly positioned on the cusp of the Brighton & Hove border, running south from the ever-popular Western Road towards the seafront.
Western Road offers an excellent array of amenities, including Waitrose, independent shops, cafés, restaurants and coffee houses.
Excellent bus services can be found at either end of the road, providing seamless access across the city and beyond.
The seafront is also just moments away, with popular spots such as The Meeting Place café providing the perfect setting to enjoy a coffee or bite to eat while taking in the sea views.
The property is offered for sale with the added benefit of no onward chain, with a newly extended lease to be granted upon completion.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 1, 47, Waterloo Street, Hove
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