We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · BN3 3JN
Sold STCReduced £10k (−4%) on 26 SepListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £250,000 - £270,000 Fantastic recently refurbished one bedroom first floor apartment set in central Hove.
This bright & airy property comprises: Spacious lounge with large west facing bay window. Brand new modern kitchen with wood effect work tops and white gloss units. West facing double bedroom.
Newly fitted modern bathroom with white suite and shower over bath. Neutral carpets and decor throughout. Fantastic recently refurbished one bedroom first floor apartment set in central Hove.
This bright & airy property comprises: Spacious lounge with large west facing bay window. Brand new modern kitchen with wood effect work tops and white gloss units. West facing double bedroom.
Newly fitted modern bathroom with white suite and shower over bath. Neutral carpets and decor throughout.
Tenure Leasehold 125 Years Unexpired Years: 107 Years Annual Ground Rent: £125 Ground Rent Increase: Tbc Ground Rent Review Period: Tbc Annual Service: £1312.00 These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Agents Note: Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
Additional information Materials used in construction: Ask Agent For further information on broadband and mobile coverage, please refer to the Ofcom Checker online Should a purchaser have an offer accepted on a property marketed by us, they will be required to complete an identification check in line with Anti Money Laundering Regulations.
This is a legal requirement and is carried out via a specialist third-party provider. The cost is £60 inc.
VAT per purchaser, payable in advance once an offer is agreed and prior to the sales memorandum being issued. This fee is non-refundable.
The property is situated in a popular residential area of Hove, ideally positioned for access to a wide range of local amenities, independent shops, cafés and restaurants.
The seafront and Hove promenade are within easy reach, providing excellent opportunities for coastal walks and leisure activities.
Hove Station is also conveniently accessible, offering regular rail services towards Brighton, London and surrounding areas.
The nearby A259 provides straightforward access along the coast, while Brighton city centre is approximately a short journey away.
The area is well served by local bus routes, schools and everyday amenities, making this an attractive location for both owner-occupiers and investors alike.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 5, 12, Wilbury Road, East Sussex
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