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See how verdicts work2-bedroom flat · BN3 7BS
Sold STCListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A GROUND FLOOR FLAT IN A PURPOSE BUILT BLOCK IN CONVENIENT LOCATION BEING SOLD WITH NO ONWARD CHAIN.
Situated in Nevill Road between Nevill Avenue and Woodland Drive with local shopping facilities available at Waitrose Superstore and further shopping at the nearby Hove town centre.
Bus service passes by providing access to most parts of town, including the mainline railway stations with their commuter links to London.
The property is well situated for local schools and Hove Park. Hove railway stations is located within a mile of the property. COMMUNAL HALLWAY Ground floor access to front door to flat.
ENTRANCE HALL Ceiling light point, radiator, wall mounted door entry phone, wall mounted central heating thermostat control, built in storage cupboard housing electric meters and consumer unit.
LOUNGE 14'2 x 13'0 (4.32m x 3.96m) Southerly aspect, double glazed bay window to front, radiator, ceiling light point.
KITCHEN 8'9 x 7'10 (2.67m x 2.39m) Double glazed window and door to communal gardens. Ceiling light point.
Range of eye level and base units comprising of cupboards and drawers, roll edge work surfaces, stainless steel one and a half bowl sink and drainer unit with mixer tap.
Tiled splash backs, built in gas hob with electric oven under and extractor hood over, space and plumbing for washing machine, space for fridge/freezer.
Cupboard housing 'Worcester' gas combination boiler for heating and hot water.
BEDROOM ONE 12'6 x 11'2 (3.81m x 3.40m) Double glazed window to rear overlooking communal gardens, radiator, ceiling light point, built in storage cupboard with shelving.
BEDROOM TWO 10'10 x 6'10 (3.30m x 2.08m) Southerly aspect with double glazed window to front. Ceiling light point, radiator.
BATHROOM Double glazed window with obscure glass, extractor fan, ceiling light point.
White suite comprising low level w.c, pedestal wash hand basin with hot and cold taps, panelled bath with hot and cold taps, wall mounted mains shower over. Part tiled walls, radiator.
OUTSIDE COMMUNAL GARDENS Laid to lawn. COUNCIL TAX Band B OUTGOINGS We are advised by the vendor of the following: Service Charge: Approximately £1400 per annum, payable half-yearly.
Lease: 993 Approximately years remaining. DISCLAIMER Front photo is a mock up, as there is currently building work close to completion.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.
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 Nevill Road, Hove, East Sussex, BN3
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