Elm Drive, Hove
DA

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 %
from 479,985.00 £
Est sale value
535,399.54 £
Increased by 28.64 %
from 416,208.26 £
Average area rental value
2,722.00 £/mo
Increased by 34.02 %
from 2,031.00 £/mo
Est letting value
1,922.44 £/mo
Increased by 100.00 %
from 961.22 £/mo
Est rental Yield
6.40 %
Increased by 25.98 %
from 5.08 %
Crime Rate
1.00 %
Unchanged by 0.00 %
from 1.00 %

Agent Activity

  • David Maslen Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
Goldstone Primary SchoolCommunity SchoolGood0.13 KM
Hangleton Primary SchoolCommunity SchoolGood0.80 KM
West Hove Infant SchoolCommunity SchoolOutstanding0.83 KM
Hove Junior SchoolCommunity SchoolGood0.83 KM
West Hove Children'S CentreChildren's Centre Linked Site0.84 KM

Images

new front.jpg Side Elevation.jpg ground floor units.jpg 90A.jpg 92A.jpg Shop.jpg Shop (92).jpg Shop (90).jpg Rooms behind shop.jpg Flat 90a Lounge.jpg Flat 90a Kitchen.jpg Flat 90a Bedroom 1.jpg Flat 90a Landing.jpg Flat 90a Bedroom 2.jpg Flat 92a Bedroom 1.jpg Flat 92a Bathroom.jpg BH2024_00797-EXISTING_GROUND_FLOOR_PLAN__ELEVATION Shop.jpg Shop rear room Rooms behind shop.jpg Flat 90a Bathroom.jpg Flat 92a Lounge.jpg Flat 92a Kitchen.jpg BH2024_00797-PROPOSED_PLANS__ELEVATIONS__LOCATION_

Nearby Streets

NameAverage PriceAverage SqftDistance
Laburnum Avenue £ 000.00 KM
Poplar Close £ 250,00000.00 KM
Aldrington Place £ 000.00 KM
Park Avenue £ 1,325,00000.00 KM
Findon Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Aldrington5280AGT1.29 KM
Portslade5276PLD1.35 KM
Hove5273HOV2.71 KM
Fishersgate5284FSG2.87 KM
Preston Park5285PRP4.37 KM

Nearby Listings

AddressPriceTypeScoreDistance
Rowan Avenue, Hove £ 400,000BUY7 / 100.11 KM
Elm Drive, Hove, BN3 7JA £ 550,000BUY7 / 100.14 KM
Elm Drive, Hove, BN3 7JE £ 600,000BUY8 / 100.18 KM
Elm Drive, Hove, East Sussex, BN3 £ 725,000BUY7 / 100.20 KM
Elm Drive, Hove, East Sussex £ 500,000BUY7 / 100.21 KM

Nearby Properties

AddressPriceDistance
116 Elm Drive £ 312,0000.04 KM
114 Elm Drive £ 270,0000.04 KM
110 Elm Drive £ 260,0000.04 KM
134 Elm Drive £ 285,0000.04 KM
126 Elm Drive £ 260,0000.04 KM