2-bedroom flat · BN3 3PE
For saleReduced £25.1k (−7.7%) on 2 SepListed 368 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious two bedroom ground floor purpose built flat located on The Drive in central Hove, The property is being sold with a share of the freehold, long lease and has no onward chain.
The property comprises a good size living room, separate fitted kitchen, two double bedrooms both with built in wardrobes, bathroom and hallway with storage.
Accommodation Hallway Living room - 15'4 x 13'3 Kitchen - 11'10 x 6'9 Bedroom one - 13'9 x 13'1 Bedroom two - 13'2 x 8'1 Bathroom Tenure Share of freehold Lease - 999 years from 29th September 1971 Maintenance - £2731per annum Ground rent - n/a
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About 72, The Drive, Hove
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