1-bedroom flat · BN3 6GE
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Price £110,000 || This well-presented one bedroom ground floor retirement flat is set in a purpose built block built by McCarthy & Stone in the 1980s.
It is exclusively for residents aged 60 or over (for couples, one person must be over 60 and the other over 55).
The property features a spacious lounge with a door opening onto the front communal garden, at the back of the living space is a kitchen with a built-in oven and hob, providing a practical layout for daily living.
The generous double bedroom benefits from a built-in wardrobe. The shower room is fitted with a double width shower and a window, ensuring both convenience and natural ventilation.
Additional storage space is available within the flat, supporting a neat and organised home environment.
Electric heating and double glazed windows contribute to energy efficiency and year-round comfort.
Residents enjoy access to a well-appointed communal lounge, perfect for socialising or relaxing with other residents, as well as convenient laundry facilities within the building and further communal gardens and parking at the rear.
An onsite manager is available to assist with day-to-day matters, providing peace of mind, and guest accommodation can be arranged for visiting friends or family.
Situated within easy reach of Hove mainline station, the location is ideal for those who wish to maintain connections with the wider area, whether for leisure or travel.
This property presents an excellent opportunity for those seeking a low-maintenance, secure, and sociable retirement lifestyle in a well-managed development. EPC Rating: C
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
FAQ
About The Drive, Homedrive House The Drive, BN3
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