2-bedroom flat · BN3 2HA
Sold STCListed 15 days
Opportunity summary
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About
A second floor MANSION FLAT situated in this CONVERTED GRADE II LISTED BUILDING opposite PALMEIRA SQUARE.
The accommodation comprises SOUTH ASPECT LOUNGE/DINING ROOM, FITTED KITCHEN, TWO DOUBLE BEDROOMS, BATHROOM, VIEWS TO THE SEA, PASSENGER LIFT, GCH, EPC D.
Second Floor - Entrance Hall - Three East aspect sash windows, ceiling coving, picture rail, radiator.
Hallway - East aspect leaded light window, ceiling coving, recessed downlighting, picture rail, STUDY AREA, radiator.
Lounge/Dining Room - Double aspect, three South aspect sash windows to the bay with views to the sea, further East aspect sash window, ceiling coving, picture rail, dado rail, feature fireplace with marble mantle, ornate cast iron inset and slate hearth, two wall light points, three radiators.
Kitchen - Fitted with a range of eye level wall units and base cupboard and drawer units, work tops with breakfast bar, tiled surround, one and quarter bowl single drainer sink unit with mixer tap, electric oven and hob, extractor fan over, plumbed space for a washing machine and tumble dryer, South aspect sash window with vies to the sea.
Bedroom 1 - West aspect sash window, ceiling coving, picture rail, fitted wardrobe, radiator.
Bedroom 2 - Two South aspect sash windows with views to the sea, ceiling coving, picture rail, two fitted cupboards, walk in store room measuring 8'1" by 4'8". radiator.
Bathroom - Fitted with white suite comprising panel bath with mixer tap and shower attachment, pedestal wash basin, low level close coupled WC, part tiled walls, radiator, three frosted glass sash windows.
Additional Information - Lease - 999 years from 1/12/2018 - Share of Freehold Maintenance - £2,250 approximately Ground Rent - £0 Council Tax Band D - £2,579.44
Value & comps
No previous sales on record.
Returns
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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 Church Road, Hove
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