Semi-detached house for sale in Hova Villas, Hove, East Sussex BN3

Freehold investment for sale Formed of seven spacious studio apartments and one ground floor one-bedroom garden flat, this substantial semi-detached Freehold property offers a fantastic investment opportunity for those looking for rental purchases in Central Hove.

Not only are these properties either already let or ready to let immediately, they are also brimming with potential to add value with modernisation which would only increase their potential profitability.

Their location is ideal for tenants who commute as Hove Station is an easy walk, and for those who adore the Hove lifestyle, the beach, Hove Lawns and the vibrant mix of fashionable shops, bars and restaurants of Church Road are on the doorstep, so this will be a sound investment offering excellent returns as the properties will not sit empty.

Style: Semi-detached Victorian villa containing 6 x studios & 1 x 1-bed garden flat
Type: 6 x studios & 1 x 1-bed garden flat
Location: Cliftonville Conservation Area
Floor Area: Please see floor plan
Outside: 1 x patio, 1 x east-facing garden
Parking: Residents Permit Zone N

Flat 1 (ground floor 1 bed) rents at £1,000
Flat 2 (1st floor front studio) rents at £925
Flat 3 (1st floor rear studio) rents at £850
Flat 4 (2nd floor rear studio) rents at £850
Flat 5 (2nd floor front studio) rents at £750
Flat 6 (lgf front studio) rents at £858
Flat 7 (lgf rear studio patio) rents at £755

£5,988 per month
£71,856 per annum
annual yield return = 5.7%

Why you’ll like it:

Hova Villas links Church Road and Blatchington Road which together make up the social hub of Central Hove. This converted villa resides midway up on the eastern side, with separate residences spread over all four storeys.

Within the lower ground floor there are two spacious studio apartments with open plan kitchens, leaving ample space for sleeping, relaxing and dining. Both apartments on this level benefit from their own street entrances and the rear property also enjoys access to a sweet patio garden.

The ground floor comprises of the one-bedroom apartment which feels particularly bright and airy with an east to westerly aspect to fill each room with natural light. The bedroom is peacefully positioned to the rear and the ceilings are high throughout. This property also has sole access to the garden.

Elevated on the first and second floor there are four further studio apartments; three with separate kitchens and bathrooms and one with an open plan living room/kitchen. All have full bath suites within the bathrooms, and all are well-proportioned to offers comfortable living spaces at excellent value for such a highly sought-after location.

Agent’s thoughts:
Not only does this property have huge potential, it is also an excellent investment opportunity as the location is hugely desirable for so many.

Owner’s thoughts:
“This is a fantastic location for commuters, and for those with an active social life as there is so much to entertain you at the bottom of the road. Buy-to let investors would therefore find it ideal as it would be in constant demand and each property has the potential to add additional value.”

Where it is:
Shops: Local 1 min walk, city centre 20 min walk
Train Station: Hove Station 7 min walk
Seafront or Park: Hove Lawns and Seafront 2 min walk
Closest Schools:
Primary: Brunswick Primary, Hove Primary School
Secondary: Hove Park, Blatchington Mill, Cardinal Newman rc
Private: Brighton College<br /><br />This converted apartment building is situated in a popular area with lots of local shops and the beach nearby. The city centre shopping districts and parks are also within easy reach, and this house also offers easy access to Hove Station and the A23/A27 which have direct and fast links to the airports and London.