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See how verdicts work2-bedroom flat · BN3 3GA
No longer listedReduced £25k (−7.1%) on 21 AugListed 126 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Guide Price £350,000 - £375,000** A beautifully presented two-bedroom apartment occupying the first floor of an attractive period building on the prestigious Palmeira Avenue, perfectly positioned in the heart of Hove just moments from the seafront and an exceptional range of local amenities.
Further benefits include access to a substantial communal roof terrace, a rare and highly desirable feature in such a central location.
Offering almost 600 sq ft of elegant accommodation, this charming home effortlessly combines period grandeur with contemporary styling.
The standout feature is the impressive open-plan living space, where high ceilings, intricate decorative cornicing, large sash windows and a striking period fireplace create a wonderful sense of character and scale.
Thoughtfully designed for modern living, the room seamlessly incorporates a stylish fitted kitchen with integrated appliances and ample space for both dining and entertaining.
The principal bedroom is a generous double room, beautifully presented and retaining many of the property's original features, whilst the second bedroom provides excellent versatility as a guest room, home office or occasional bedroom.
A contemporary bathroom, finished in neutral tones, completes the accommodation.
A particular highlight is the substantial communal roof terrace, offering a wonderful outdoor space to relax, entertain or enjoy the sunshine with elevated views across the surrounding area.
Rarely found in such a central Hove location, it provides an attractive extension of the living space during the warmer months.
Palmeira Avenue is widely regarded as one of Hove's most desirable addresses, renowned for its handsome period architecture and superb location.
Hove seafront is just a short stroll away, whilst the cafés, restaurants, boutiques and everyday amenities of Church Road and Western Road are all within easy reach.
Hove Station is also conveniently accessible, providing excellent links to London and beyond.
Further benefits include a long lease, residents' parking on a first-come, first-served basis, permit parking availability and the advantage of being offered to the market with no onward chain.
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.
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FAQ
About Flat 5, 21, Palmeira Avenue, Hove
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