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See how verdicts work1-bedroom flat · BN3 1WE
Sold STCListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*65% shared ownership* A Cosy One-Bedroom Home in a Friendly Gated Spot tucked away in a quiet, gated development just a short stroll from St Ann's Well Gardens, this ground floor one-bedroom flat has a lovely, relaxed feel.
There is a bright open-plan space for cooking, eating and putting your feet up, a good-sized bedroom, and a stylish wet room that is both smart and practical.
The place has a warm, welcoming vibe - perfect for someone looking for a peaceful base with everything close at hand.
Built around 2000, the development feels calm and private, yet it's easy to get to everything Hove has to offer. Parking is available on a first-come, first-served basis.
It's a spot that feels tucked away, but not cut off - definitely one to come and see for yourself.
Other information: Potential buyers will need to be qualified by Sanctuary Group before a sale can proceed.
Maintenance costs £1897.68 per year, maintenance share is 3.8% No ground rent to pay Leasehold with 165 years remaining Value of sinking fund at time of going to the market £10,056.95 Rental amount payable to Sanctuary for their 35% share is £1492.56 per year or £124.38 per month.
26 flats in the building. New boiler installed March 2009, last serviced Aug 2024. Water is metered Average monthly cost of combined utilities (gas, electric, water, broadband) is £110.30
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
FAQ
About Chatsworth Square, Hove, East Sussex, BN3
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