1-bedroom house · BN3 6GE
Sold STCListed 224 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The apartment enjoys a prime location on The Drive, a tree-lined road that leads directly to the seafront and Hove City Centre.
A bus stop conveniently situated right outside the complex provides easy access throughout the city, while Hove mainline station is within walking distance, less than half a mile away.
Homedrive House, developed by McCarthy & Stone, comprises 58 self-contained retirement flats designed for residents over 60, each benefiting from warden assistance.
Situated in the heart of Hove, this development offers a range of communal amenities, including a welcoming residents' lounge, laundry facilities, guest accommodations, and lift.
The block has beautifully maintained communal gardens, featuring an array of vibrant flowers, shrubs, and trees. The tranquil outdoor space includes terraces, patios, providing a peaceful setting.
Overlooking The Drive, the apartment offers a generous living space for a property of this type, extending to approximately 482 square feet (nearly 45 square metres).
It comprises a well-proportioned lounge/dining room and a bedroom with a dressing area to the rear. Ample storage is available, and the property is offered for sale chain free.
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, Hove
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