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See how verdicts work2-bedroom flat · BN3 2FH
Sold STCReduced £5k (−1.8%) on 5 SepListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Manley Properties are pleased to offer for sale this second floor conversion apartment located on one of Hove's highly sort after avenues.
First Avenue is perfectly located in the heart of central Hove. Hove. Closely located next to comprehensive shopping facilities in Church Road.
Hove beach and promenade is within short walking distance.
Comprising spacious front facing living room with access to private balcony although it must be noted that this is not in the demise of the lease. Separate fitted kitchen and bathroom suite.
The property would benefit from some updating and re-modernisation. No on going chain! Viewing highly recommended by the vendors sole agents.
Property Dimension: Living Room: 13ft1 (3.99m) x 11ft7 (3.99m). Kitchen: 7ft4 (2.24m) x 5ft1 (1.54m). Bathroom: 7ft4 (2.24m) x 5ft (1.54m). Bedroom 1: 11ft2 (3.40) x 8ft9 (2.66m).
Bedroom 2: 12ft9 (3.88m) x 6ft7 (2.00m). Outgoings: Service charge: 2,000 per annum (approx). Groound rent: 150.00 per annum. Lease term: 83 yrs remaining approx. Management Company: Harper Stone.
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
Agent & docs
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FAQ
About 4, 31, First Avenue East Sussex, Hove
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