Meadow Close, Hove
FO

Meadow Close, Hove

By Foster & Co

£ 1,100,000

Reviews

2 out of 5 stars

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

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
1,133,750.00 £
Increased by 20.02 %
from 944,620.00 £
Est sale value
1,856,589.70 £
Increased by 31.49 %
from 1,411,912.60 £
Average area rental value
2,298.00 £/mo
Decreased by 9.42 %
from 2,537.00 £/mo
Est letting value
2,512.30 £/mo
Unchanged by 0.00 %
from 2,512.30 £/mo
Est rental Yield
2.43 %
Decreased by 24.53 %
from 3.22 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Foster & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Bilingual Primary School - Brighton & HoveFree SchoolsGood0.80 KM
Lancing College Preparatory School At HoveOther Independent School1.18 KM
Aldrington Cofe Primary SchoolVoluntary Aided SchoolGood1.28 KM
Drive Preparatory SchoolOther Independent SchoolGood1.32 KM
Blatchington Mill SchoolCommunity SchoolGood1.45 KM

Images

Meadow Close, 10-003.jpg Meadow Close, 10-013.JPG Meadow Close, 10-020Logo.jpg 10 Meadow Close Render 1 .jpg Meadow Close, 10-001(1).jpg Meadow Close, 10-018Logo.jpg 10 Meadow Close Render 2.jpg Screenshot 2024-10-15 at 14.04.01.png Screenshot 2024-10-15 at 14.03.45.png Screenshot 2024-10-15 at 14.03.10.png Screenshot 2024-10-15 at 14.03.28.png Screenshot 2024-10-15 at 14.04.44.png Screenshot 2024-10-15 at 14.04.29.png Screenshot 2024-10-15 at 14.04.14.png Screenshot 2024-10-15 at 14.04.59.png

Nearby Streets

NameAverage PriceAverage SqftDistance
The Green £ 000.00 KM
Shirley Drive £ 000.00 KM
Newtown Road £ 498,26700.00 KM
Poynter Road £ 000.00 KM
Nevill Close £ 800,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Hove5273HOV1.43 KM
Preston Park5285PRP1.49 KM
Aldrington5280AGT2.13 KM
Brighton5268BTN3.67 KM
London Road (Brighton)5281LRB3.75 KM

Nearby Listings

AddressPriceTypeScoreDistance
Meadow Close, Hove £ 1,100,000BUY5 / 100.00 KM
Shirley Drive, Hove £ 1,250,000BUY8 / 100.13 KM
Shirley Drive, Hove, East Sussex, BN3 £ 2,000,000BUY7 / 100.13 KM
Tongdean Road, Hove £ 1,450,000BUY7 / 100.19 KM
Shirley Drive, Hove £ 1,350,000BUY7 / 100.21 KM

Nearby Properties

AddressPriceDistance
119 Shirley Drive £ 358,0000.07 KM
117 Shirley Drive £ 1,566,0000.07 KM
123 Shirley Drive £ 900,0000.07 KM
121 Shirley Drive £ 842,0000.07 KM
139 Shirley Drive £ 500,0000.07 KM