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See how verdicts work1-bedroom flat · BN3 5JD
Sold STCReduced £10k (−4.3%) on 29 MarListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a quiet and sought-after pocket of Poets Corner on Payne Avenue, this spacious one-bedroom ground floor garden flat offers well-proportioned accommodation and an excellent layout throughout.
This property is a car free development however does benefit from a communal bike storage at the rear of the apartment.
Upon entering the apartment, you are welcomed by a central hallway that provides access to all rooms.
To the front of the property is a generous double bedroom, offering ample space for a large wardrobe and additional furniture, and benefiting from an abundance of natural light through large windows.
Off the hallway is the modern and spacious bathroom, finished to a good standard and comprising a shower over bath, WC and wash basin.
To the rear of the apartment is the bright and airy open-plan kitchen and living area, creating an ideal space for both relaxing and entertaining.
The contemporary kitchen features plenty of storage and worktop space, while the living area is enhanced by large sliding doors that open directly onto a private garden, seamlessly blending indoor and outdoor living.
A useful walk-in storage cupboard just off the living space adds further practicality.
This well-presented garden flat combines space, light and a peaceful location, making it an ideal home for professionals, couples or downsizers alike.
Nearby amenities include Stoneham Bakehouse, Stoneham Park with its family-friendly café, The Snug, and Portland Road’s array of shops, cafés, pubs, and independent retailers like Ackerman’s Music and Lawrence’s Art Supplies.
The George Payne pub is a short stroll away, while Aldrington and Hove stations provide excellent transport links to London and the South East.
Families will appreciate the proximity to well-regarded local schools. Lease Length - 89 Years Share of freehold Service Charge - £1,400 Per Year Approx
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 Payne Avenue, Hove
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