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See how verdicts work1-bedroom flat · BN3 1AN
Sold STCListed 202 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A delightful property offering a unique blend of elegance and potential and is situated on the first floor of a converted, listed three-storey building.
There is an impressive floor-to-ceiling bay window in the living area, which opens onto a lovely veranda adorned with iconic ironwork.
This feature not only enhances the aesthetic appeal but also provides charming views over the street, allowing natural light to flood the room.
The flat retains many original period features, including high ceilings and detailed cornice work, which add character and warmth to the living space.
Built-in storage solutions further enhance the practicality of the home.
While in need of modernisation, the kitchen presents an exciting opportunity for the new owner to personalise it to their taste and currently features a traditional butler sink with a period window above.
The bedroom offers westerly aspect views of the Old Market Theatre and the serene Kerrison Mews Courtyard, situated within a conservation area rich in history.
The fully tiled bathroom is equipped with a bath, mixer tap shower, basin, and W.C, ensuring comfort and convenience.
The property benefits from gas central heating and is sold with no onward chain, making it an attractive option for both first-time buyers and investors alike.
With the beach just moments from your front door, this flat is perfectly positioned to enjoy the vibrant coastal lifestyle that Hove has to offer.
Location - Waterloo Street was developed in 1820s and was named to commemorate the Battle of Waterloo, it is steeped in history and forms part of Brunswick Town Conservation Area.
At the south end of the street is the beach and at the top is Western Road, with its main shopping thoroughfare and Churchhill Square shopping mall just moments from your door step.
This convenient location has easy access to the i360 attraction and Brighton Pier.
There are also excellent road links and bus routes as well as a vast array of amenities, Brighton mainline train station is only approximately a mile in distance, providing direct access to Gatwick Airport, London Victoria and surrounding areas for those who need to commute.
This property is positioned on the west side of the road near the historic arched entrance to Kerrison Mews Courtyard, to the rear of the building are the delightful Waterloo Street community grounds and walkways, The Old Market Theatre is also situated to the rear of this flat.
Additional Information - (Outgoings as advised by our client) EPC rating: C Internal measurement: 441 Square feet / 41 Square metres Tenure: Leasehold - 989 years remaining on the lease.
Maintenance charges: £1,643.90 per year. Council tax band: A Parking zone: M
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 Waterloo Street, Hove
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