Elm Drive, Hove
By David Maslen Estate Agents
£ 775,000
Reviews
2 out of 5 stars
David Maslen Estate Agents says ..
DEVELOPMENT OPPORTUNITY BH2024/00797 A FANTASTIC OPPORTUNITY to acquire a FREEHOLD PROPERTY consisting of TWO VACANT SHOPS which are in need of some improvement and TWO GOOD SIZED 2 BEDROOM FLATS ABOVE (the flats are are currently tenanted). The property forms part of a parade of sho...
Property Oracle says ..
This property in Hove, East Sussex, presents a unique investment opportunity. It comprises two vacant shops and two tenanted two-bedroom flats. However, the property is in considerable disrepair. The photographs showcase substantial damage and neglect requiring comprehensive renovation work, potentially including structural repairs and possibly, complete refurbishment. The interior shows patchy paintwork, exposed wiring, water damage, and a general lack of maintenance. The listing highlights that the property needs improvement, emphasizing the level of work needed. There is no information on outdoor space, implying a minimal garden or no garden at all.
The property’s location in Hove is favorable, with nearby schools rated ‘Good’ or ‘Outstanding’ by Ofsted and railway stations within reasonable distance. However, the precise location within Hove (Hangleton and Knoll) might influence its overall desirability compared to other Hove areas. Nearby properties range in price but vary considerably in size, type, and condition. The current list price should be considered in light of the extensive renovation costs that will be incurred. Potential buyers should conduct a thorough survey to assess the extent of the necessary work and associated expenses before making an offer.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 961.22
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 510,000.00 £Increased by 6.25 %
- Est sale value
- 535,399.54 £Increased by 28.64 %
- Average area rental value
- 2,722.00 £/moIncreased by 34.02 %
- Est letting value
- 1,922.44 £/moIncreased by 100.00 %
- Est rental Yield
- 6.40 %Increased by 25.98 %
- Crime Rate
- 1.00 %Unchanged by 0.00 %
Agent Activity
David Maslen Estate Agents created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Goldstone Primary School | Community School | Good | 0.13 KM |
| Hangleton Primary School | Community School | Good | 0.80 KM |
| West Hove Infant School | Community School | Outstanding | 0.83 KM |
| Hove Junior School | Community School | Good | 0.83 KM |
| West Hove Children'S Centre | Children's Centre Linked Site | 0.84 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Laburnum Avenue | £ 0 | 0 | 0.00 KM |
| Poplar Close | £ 250,000 | 0 | 0.00 KM |
| Aldrington Place | £ 0 | 0 | 0.00 KM |
| Park Avenue | £ 1,325,000 | 0 | 0.00 KM |
| Findon Close | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Aldrington | 5280 | AGT | 1.29 KM |
| Portslade | 5276 | PLD | 1.35 KM |
| Hove | 5273 | HOV | 2.71 KM |
| Fishersgate | 5284 | FSG | 2.87 KM |
| Preston Park | 5285 | PRP | 4.37 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Rowan Avenue, Hove | £ 400,000 | BUY | 7 / 10 | 0.11 KM |
| Elm Drive, Hove, BN3 7JA | £ 550,000 | BUY | 7 / 10 | 0.14 KM |
| Elm Drive, Hove, BN3 7JE | £ 600,000 | BUY | 8 / 10 | 0.18 KM |
| Elm Drive, Hove, East Sussex, BN3 | £ 725,000 | BUY | 7 / 10 | 0.20 KM |
| Elm Drive, Hove, East Sussex | £ 500,000 | BUY | 7 / 10 | 0.21 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 116 Elm Drive | £ 312,000 | 0.04 KM |
| 114 Elm Drive | £ 270,000 | 0.04 KM |
| 110 Elm Drive | £ 260,000 | 0.04 KM |
| 134 Elm Drive | £ 285,000 | 0.04 KM |
| 126 Elm Drive | £ 260,000 | 0.04 KM |