Foster & Co says ..
A rare opportunity to aquire a derelict detached chalet bungalow standing on a lovely large plot with a largely southerly orientation offered with the benefit of full planning consent (BH2023/02789) to build a stunning luxury 5 bedroom family home located in a pleasant tucked away setting at the ...
Property Oracle says ..
This property in Hove Park, Brighton, is presented as a redevelopment opportunity. The existing structure is a derelict detached chalet bungalow that requires complete demolition and rebuilding. Full planning permission (BH2023/02789) is already in place for a new luxury five-bedroom family home. The property benefits from a sizeable plot of land with a largely southerly orientation, adding to its desirability. The location is advantageous, being in a quiet yet well-connected area with proximity to good schools and Hove train station. However, the current condition of the house dramatically affects its immediate value. The price seems reasonable considering the potential value of the new home post-renovation but is difficult to analyse definitively without concrete comparable square footage data for neighbouring properties. The high purchase price will be offset by the significant value of a completed modern property on this plot. Investors and buyers should carefully consider the significant costs involved in demolition, construction, and associated fees prior to committing.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 2
- Location
- 7
- Land
- 6
- Bedrooms
- 0
- Bathrooms
- 0
- Sqft (est)
- 2,512.30
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Metrics Year-on-Year
- Average area value
- 1,133,750.00 £Increased by 20.02 %
- Est sale value
- 1,856,589.70 £Increased by 31.49 %
- Average area rental value
- 2,298.00 £/moDecreased by 9.42 %
- Est letting value
- 2,512.30 £/moUnchanged by 0.00 %
- Est rental Yield
- 2.43 %Decreased by 24.53 %
- Crime Rate
- 0.00 %
Agent Activity
Foster & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Bilingual Primary School - Brighton & Hove | Free Schools | Good | 0.80 KM |
| Lancing College Preparatory School At Hove | Other Independent School | 1.18 KM | |
| Aldrington Cofe Primary School | Voluntary Aided School | Good | 1.28 KM |
| Drive Preparatory School | Other Independent School | Good | 1.32 KM |
| Blatchington Mill School | Community School | Good | 1.45 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| The Green | £ 0 | 0 | 0.00 KM |
| Shirley Drive | £ 0 | 0 | 0.00 KM |
| Newtown Road | £ 498,267 | 0 | 0.00 KM |
| Poynter Road | £ 0 | 0 | 0.00 KM |
| Nevill Close | £ 800,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Hove | 5273 | HOV | 1.43 KM |
| Preston Park | 5285 | PRP | 1.49 KM |
| Aldrington | 5280 | AGT | 2.13 KM |
| Brighton | 5268 | BTN | 3.67 KM |
| London Road (Brighton) | 5281 | LRB | 3.75 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Meadow Close, Hove | £ 1,100,000 | BUY | 5 / 10 | 0.00 KM |
| Shirley Drive, Hove | £ 1,250,000 | BUY | 8 / 10 | 0.13 KM |
| Shirley Drive, Hove, East Sussex, BN3 | £ 2,000,000 | BUY | 7 / 10 | 0.13 KM |
| Tongdean Road, Hove | £ 1,450,000 | BUY | 7 / 10 | 0.19 KM |
| Shirley Drive, Hove | £ 1,350,000 | BUY | 7 / 10 | 0.21 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 119 Shirley Drive | £ 358,000 | 0.07 KM |
| 117 Shirley Drive | £ 1,566,000 | 0.07 KM |
| 123 Shirley Drive | £ 900,000 | 0.07 KM |
| 121 Shirley Drive | £ 842,000 | 0.07 KM |
| 139 Shirley Drive | £ 500,000 | 0.07 KM |