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See how verdicts work1-bedroom flat · BN3 6GE
Sold STCListed 228 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* * MCCARTHY & STONE 1 BEDROOM RETIREMENT FLAT (FOR THE OVER 60's) * * Built by McCarthy & Stone, Homedrive House comprises of 58 self-contained retirement flats for the over 60s in this highly sought after area of Hove.
Situated in this highly favoured residential area, within easy reach of local shopping facilities and the bustling shops and cafes of Church Road, and within a short stroll of Hove station providing a link to London.
This beautifully presented 1 bedroom ground floor flat offers bright accommodation comprising: entrance hall, living room with door leading diectly onto the front communal garden gardens, modern 'shaker' style kitchen, double bedroom with built in wardrobe cupboards, and a modern shower room/wc.
The communal areas include an inviting spacious resident's lounge, laundry facilities, guest accommodation, lift services to all floors and stunning large landscaped rear garden.
There are also a number of residents car parking spaces and visitor parking at the rear of the building.
* * EXTENDED 158 YEAR LEASE * * VIEWING HIGHLY RECOMMENDED * * Accommodation All measurements are approximate. Communal Entrance Hall Entryphone system.
Ground Floor Entrance Hall Large storage/cloaks cupboard with electric meter and fuseboard. Entryphone system.
Living Room 5.14 into bay x 3.22 (16'10" into bay x 10'6") Modern fireplace surround with fitted electric fire. Electric heater. x2 Wall light points.
Double glazed window to front with double glazed door leading onto a small front patio and garden area .
Modern Kitchen 2.20 x 1.65 (7'2" x 5'4") Recently fitted with a range of modern 'shaker' sytle units comprising stainless steel single drainer sink unit with mixer tap inset in working surface with cupboard below.
Integrated 'Zanussi' dishwasher. Fitted 4 ring electric hob with fitted electric oven below and with fitted drawer unit. Space for fridge/freezer. Matching range of wall cupboards.
Double Bedroom 3.68 x 2.68 (12'0" x 8'9") Range of built in wardrobe cupboards with hanging and storage space. Electric heater. Large double glazed window to front.
Shower Room/WC (Previously a bathroom). Modern tiled shower enclosure with electric 'Triton' shower. Low level wc. Wash hand basin with mixer tap and with cupboards below. Extractor fan.
Double glazed window to side. Outside Large Communal Rear Garden A delightful large communal rear garden with large patio leading to an area of lawn with mature flower and shrub borders.
Many varieties of mature trees and shrubs and large garden pond and additional paved patio area at the end of the garden.
Residents Lounge There is a large residents communal lounge with glazed doors leading directly onto the beatiful landscaped rear garden.
Laundry Room Residents laundry room with fitted washing machines and tumble driers.
Residents Car Parking There are a number of residents car parking spaces to the rear of the building available on a 'first come' first served' basis.
Visitor Car Parking There are some visitor car parking spaces available on a 'first come, first served' basis.
Information EPC INFORMATION Full Energy Performance Certificate available on request APPLIANCES AND SERVICES: The appliances and services mentioned have not been tested therefore we are unable to verify that they are in working order.
The buyer is advised to obtain verification from their solicitor or surveyor. TENURE: We understand from our client that the property is Leasehold with 158 years remaining on the lease.
SERVICE CHARGE: £1,517.49 half yearly. GROUND RENT: £228.07 half yearly. THINKING OF SELLING? For a Free Current Market Appraisal please contact us.
VIEWING: Strictly by appointment only through David & Co 132a Preston Drove, Brighton, BN1 6FJ.
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
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FAQ
About The Drive, Hove, East Sussex, BN3
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