1-bedroom house · BN3 6GE
For saleReduced £10k (−10%) on 22 OctListed 57 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Robert Luff & Co are delighted to bring to market this one bedroom retirement flat.
Located in The Drive Conservation Area, just moments from both the seafront and the bustling shops and cafés of Church Road.
Hove train station is close at hand, with convenient mainline links to London.
This two bedroom apartment benefits from easy access to the garden, residents lounge, laundry room, parking for both residents and guests at the rear of the property and a bus stop outside providing easy access to all areas of the City.
Built by McCarthy & Stone, Homedrive House comprises 58 self-contained retirement flats for the over 60s in a highly sought after area of Hove.
Entrance Hall Lounge / Diner (4.35 x 3.67 (14'3" x 12'0")) Kitchen (2.09 x 1.67 (6'10" x 5'5")) Bedroom (4.45 x 2.66 (14'7" x 8'8")) Shower Room Agents Notes Tenure: Leasehold - 59 years Ground Rent – £531.16 pa Service Charge - £4,552.46 pa EPC - C Council Tax Band: B The information provided about this property does not constitute or form any part of an offer or contract, nor may it be regarded as representations.
All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures and fittings and, where the property has been extended/converted, planning/building regulation consents.
All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed.
References to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.
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
Agent & docs
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FAQ
About Flat 55, Homedrive House, The Drive, Hove
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