1-bedroom flat · BN3 4BF
Listing removedListed 160 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*guide price £250,000 - £265,000* Situated in a highly sought-after coastal location just moments from Hove seafront, this well-proportioned one-bedroom ground floor flat offers an excellent opportunity for first-time buyers, downsizers or those seeking a seaside home with outstanding local amenities close by.
Believed to be the only one-bedroom apartment within the building, the property enjoys a desirable south-facing aspect with a spacious living/dining room opening directly onto a private south-facing balcony overlooking beautifully maintained communal gardens.
The accommodation further comprises a generous double bedroom with fitted wardrobes, a separate kitchen complete with integrated appliances including a Bosch double oven, fridge freezer and dishwasher, together with a breakfast bar.
A bathroom with shower over bath and separate W.C complete the accommodation.
Additional benefits include gas central heating, full double glazing, excellent built-in storage throughout, an allocated parking space and further visitor parking available within the communal car park.
The property is offered for sale with a share of the freehold and no onward chain.
While some modernisation may be desired, the flat is well presented and offers excellent potential to personalise, all within a well-managed purpose-built block surrounded by attractive communal gardens.
The location is a particular feature of the property, being only moments from Hove seafront, Hove Lagoon and the recently developed seafront leisure facilities, including landscaped gardens, sports courts, cafés and restaurants.
Richardson Road, Portland Road and Church Road all provide a wide selection of independent shops, cafés, bars and everyday amenities, while regular bus services and Hove mainline railway station offer convenient transport links into Brighton, Gatwick and London.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 1 Derek House, 45, New Church Road, Hove
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