2-bedroom flat · BN3 2JN
For saleListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in sought after Palmeira Square, Hove, this delightful period flat offers a perfect blend of classic elegance and modern comfort, spanning an impressive 1,084 square feet.
Upon entering, you are greeted by a welcoming reception room that exudes period features and character providing an inviting space for relaxation or entertaining guests.
There is a spacious fitted kitchen with room to dine and a convenient walk in storage cupboard.
The flat features a Westerly aspect garden with mature planting, ideal for relaxing and enjoying with friends..
There are two bedrooms provided with a bathroom and en suite shower room ensuring convenience and privacy for all occupants.
The location is truly enviable, with the vibrant atmosphere of Hove just a stone's throw away.
Residents can enjoy easy access to local shops, cafes, and the stunning seafront, perfect for leisurely strolls or invigorating seaside activities.
This period property not only offers ample living space but also the charm and architectural details that come with its age, making it a unique find in today’s market.
Whether you are looking to invest or seeking a new home, this flat in Palmeira Square is a wonderful opportunity that should not be missed.
Ground Floor Entrance Hall Ceiling coving, entry phone system, three wall light points, engineered oak flooring, radiator.
Lounge Three sash windows with folding plantation style shutters, ornate ceiling coving and rose, feature fireplace with marble mantle, cast iron grate and marble hearth, fitted desk with cupboards and shelving to one wall, two wall light points, high skirting, two radiators.
Bathroom Fitted with white suite comprising panelled bath with retractable shower head, worktop with wash hand basin with mixer tap and cupboards under, fitted mirror over, low level WC with concealed cistern, ceiling coving, recessed downlighting, tiled walls, tiled floor, chrome ladder style heated towel rail, extractor fan.
Bedroom 1 West aspect sash window with plantation sytle shutters, ornate ceiling coving and rose, pendant lights, fitted wardrobe, high skirting, radiator, door to: En Suite Shower Room Fitted with white suite comprising tiled shower cubicle, worktop with inset wash hand basin, mixer tap and cupboards under, fitted mirror over, low level close coupled WC with concealed cistern, ceiling coving, recessed downlighting, tiled walls, tiled floor, chrome ladder style heated towel rail, extractor fan.
Kitchen/Dining Room Fitted with a range of eye level wall cupboards and base cupboards and drawer units, granite worktops, tiled surround, inset stainless steel sink with mixer tap, electric oven, gas hob with extrctor hood over, plumbed space for washing machine, dishwasher, fridge, freezer, walk in storage cupboard, further cupboard housing boiler, recessed downlighting, South aspect sash window, further South aspect sash window with plantation style shutters, engineered oak flooring, frosted glass pane door to: Inner Hall Engineered oak flooring, glass panel door to rear garden, door to: Bedroom 2 West aspect sash window with plantation style shutters, view to rear garden, desk with cupboards and drawers under, wall mounted cupboards, fitted wardrobes, radiator.
External Rear Garden (7.62m x 7.62m (25 x 25)) West aspect, paved, borders with mature planting. Additional Information Lease - To Be Confirmed Maintenance - £2,050 + £850 into sinking fund P.A.
Ground Rent - £150 P.A. Council Tax Band D - £2,579.44
Value & comps
No previous sales on record.
Returns
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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 Flat 1, 23, Palmeira Square, Hove
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