1-bedroom house · BN3 6GE
For saleReduced £20k (−15.4%) on 21 JunListed 390 days
Opportunity summary
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About
*** asking price £130,000 *** Very well-positioned in Central Hove, a good-sized one bedroom, third floor retirement apartment with beautiful communal gardens and residents' parking This well-presented apartment consists of a spacious lounge leading onto a fitted kitchen, a good-sized bedroom and a bathroom complete with white suite.
The property boasts access to a well-maintained communal garden and has a car park for residents.
Built by McCarthy & Stone, Homedrive House comprises of 58 self-contained retirement flats for the over 60s in a highly sought after area of Hove.
The communal areas include an inviting residents' lounge, laundry facilities, guest accommodation, a lift to all floors and stunning landscaped gardens.
The property is well presented throughout and benefits from plenty of natural light.
There's a generously sized bedroom with a wealth of storage, a modern shower room and a spacious lounge / dining room with a fitted kitchen just off of here.
Both the living area and the bedroom benefit from delightful south westerly views over a tennis club, as well as oblique sea views.
Adding an instant wow factor, the beautiful communal gardens that wrap their way around this purpose-built complex benefit from a colourful array of well-tended hydrangeas, aucuba, firs and Hebe, to name but a few.
Offering a fantastic amount of peaceful outdoor space with a variety of terraces and patios, there's plenty of chance to relax in an impressively peaceful environment.
Conveniently located close to the heart of Hove, the bustling café culture, shops and restaurants of Church Road, George Street and Blatchington Road are only a very short walk from your door.
The green open spaces of both St Ann’s Well Gardens and Hove Park are also within easy reach.
A short leisurely stroll straight down Grand Avenue takes you to Hove Lawns, the beach and seafront, while regular bus services travel all over the city and up to the panoramic views of Devil's Dyke.
There is a bus stop directly outside the complex providing regular bus routes to all over the city. Hove mainline station is within easy walking distance.
It’s less than half a mile away and provides convenient mainline links to London and Gatwick. Homedrive House is based in parking zone O.
The council tax band is B, which is currently charged at £1,432.54 for a single resident in 2025/26.
EPC rating - C Council Tax – B Broadband & Mobile Phone Coverage - Prospective buyers should check the Ofcom Checker website Planning Permissions - Please check the local authority website for any planning permissions that may affect this property or properties close by.
Parking - O tenure & outgoings Tenure: Leasehold Unexpired term on lease - 59 years Ground Rent – £531.16 pa Ground Rent review date – N/A Service Charge - £4,552.46 pa Other outgoings – N/A This information has been provided by the seller.
Please obtain verification via your legal representative. EPC Rating: C
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Flat 55, Homedrive House The Drive, Hove
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