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See how verdicts work3 × 3-bed house · BN3 5SJ
For saleListed 474 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** guide price £650,000-£700,000 *** great investment opportunity!
A mixed commercial/residential freehold investment with planning permission for a three bedroom house on the adjacent land on Worcester Villas.
The commercial unit is currently run as a café by the current owners and could be sold as a going concern or with vacant possession.
A well-established and successful business in a prime location directly opposite Portslade Station, the premises would also lend themselves to being a sandwich bar or coffee shop.
The residential unit has an HMO licence and is currently rented to four sharers producing £25,000 per annum, including bills (excluding electric).
Planning permission has been granted under application number BH2023/03157 for the erection of a three bedroom house with two bathrooms and off-road parking set back from the road.
Approach Wall-enclosed courtyard offering customer seating area.
Commercial Premises: (7.60m x 4.28m (24'11" x 14'0")) Arranged as a cafe with dual aspect, accessed from Portland Road, with fully-equipped catering kitchen (3.40m x 2.88m), store room (2.39m x 2.24) and WC.
Access to rear outside space leads to further storage area (5.16m x 2.82m) and side access. Maisonette: Separate street entrance, accessed via Worcester Villas.
Entrance Hall Vestibule leads to entrance hall with stairs ascending to first floor with storage cupboard under. Lockable door to commercial premises.
Studio Room (6.67m x 4.56m (21'10" x 14'11")) Two bay windows facing Worcester Villas. First Floor Landing Window facing Worcester Villas.
Kitchen (2.87m x 1.94m (9'4" x 6'4")) Fitted units, stainless steel sink with mixer tap and drainer. Shower Room Shower enclosure with tiled surround and raised shower head, low-level WC, wash basin.
Bedroom (3.72m x 2.91m (12'2" x 9'6")) Window facing Portland Road, feature fireplace. Bedroom (4.67m x 3.50m (15'3" x 11'5")) Dual aspect, built-in storage.
Bedroom (3.56m x 3.38m (11'8" x 11'1")) Window facing Worcester Villas. Adjacent Land: Accessed via Worcester Villas. Currently off-road parking for multiple vehicles.
Planning permission granted for a three bedroom house (Application Ref: BH2023/03157).
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About 430, Portland Road, Hove
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